Bank of India is offering the most affordable home loan option. The interest rates of the bank start from 8.30 percent per annum. Customers can avail a loan up to 90 percent of the property value, with a payment option of up to 30 years. Apart from this, the bank also provides overdraft and home loan balance transfer services to home loan borrowers.
Home Loan Rates: All banks provide home loan services to the customers. If you are considering taking a home loan, then here we are telling you about the rates of six major banks of the country. These banks are offering home loan rates at very competitive rates. Here we are telling you about the interest being charged on home loans of 6 banks.
1) Bank of India
According to Paisabazaar.com, Bank of India is offering the most affordable home loan option. The interest rates of the bank start from 8.30 percent per annum. Customers can avail a loan up to 90 percent of the property value, with a payment option of up to 30 years. Apart from this, the bank also provides overdraft and home loan balance transfer services to home loan borrowers.
2) HDFC Bank
HDFC Bank, the country’s largest private sector bank, has loan rates starting from Rs 30 lakh to Rs 75 lakh starting from 8.35 percent.
3) Bank of Baroda
Bank of Baroda’s home loan interest rates range from 8.40 percent to 10.60 percent per annum. These rates depend on the CIBIL score of the loan borrower.
4) State Bank of India
State Bank of India (SBI) is currently offering affordable home loans. The bank’s home loan interest rates start from 8.40 percent per annum. The customer can choose the option of loan payment for 30 years. Additionally, SBI gives 0.05% interest concession to women borrowers.
5) ICICI Bank
Home loan of Rs 35 to 75 lakh is being given at the rate of 9.5 to 9.8 percent. Higher interest has to be paid on loans of more than Rs 75 lakh.
6) Punjab National Bank
Punjab National Bank (PNB) is offering home loans ranging from Rs 30 lakh to Rs 75 lakh at the annual rate of 8.45 percent to 10.25 percent. Having a good CIBIL score helps in getting home loan at lower rates.
