Home Loans Interest Rates Offered By 10 Private And Public Sector Banks --Check List

The Reserve Bank of India (RBI) recently reduced the repo rate by 25 basis points to 6.25 percent. The repo rate is connected to retail floating-rate home loans. Thus, banks must pass on the rate-cut benefit to borrowers when the RBI lowers the repo rate. This move is anticipated to lessen the strain on home loan recipients.

Having a thorough understanding of how home loan interest is calculated will help you make appropriate financial plans. It is crucial to know the current interest rates on home loans offered by various banks and how they affect your repayments. Take a peek.

The biggest mortgage lender in India, SBI Home Loans, has helped families in realizing their dreams of home ownership. Home loans from the bank start at 8.25 percent interest, according to the bank website. 

The interest rate on Union Home Loan starts at 8.60 percent per annum. Home loan facilities also include Union Green Home, Union Awas and loan for purchase of plot.

The bank offers home loans starting at an 8.25 percent annual interest rate. The housing loan can be used for buying a plot, purchasing a flat, building your own home, and repairing or renovation of home. 

This bank is offering home loans starting at an 8.15 percent interest rate. The housing loan can be used for buying a plot, purchasing a flat, and building your own home. 

This bank is offering home loans starting at an 8.15 percent interest rate. The bank provides additional facilities in the shape of overdraft/Term loans for personal use to existing/new/takeover Housing Loan borrowers, according to the bank website.

This bank is offering home loans starting at an 8.15 percent interest rate. You can avail home loan for repairs, and renovation of a house or flat.

 

Indian Bank offers home loans at attractive rates starting from 8.6 percent. 

The bank is offering home loans starting at an 8.70 percent interest rate. This rate of interest is applicable to Home Loans, Balance Transfer Loans, House Renovation, and Home extension loans, according to the bank website. 

The bank is offering home loans starting at an 8.75 percent interest rate. You can choose between fixed and floating rates of interest according to your preference. 

The bank is offering home loans starting at an 8.75 percent interest rate. The choice of fixed or floating home loan rates matches your individual risk preferences.