Best home loan rates: Everyone’s dream is their own home. This dream of some people is not fulfilled even after retirement. The biggest problem for this is about raising capital. For this, some people raise capital throughout their life and sometimes the property prices are very high in this. In such a situation, the bank becomes a big support. The bank offers home loans to realize the dream of home. At this time, a home loan can be taken at a rate of less than 7 percent in the bank.
Perfect time to buy a house
This time is very suitable for fulfilling your home dream by taking a home loan because the interest rate is at its lowest level at this time. Apart from this, the bank is also offering many offers to people in view of the festive session. Apart from the tax savings of buying a house by taking a loan, there is also an advantage that it will enable you to fulfill your dream without ending the savings being made for your children or your future. Let us tell you which bank at which rate loan Is providing One special thing is that it is not necessary to take a home loan from the bank where you have an account, you can take a loan from any bank as per your wish.
Home loans from government banks
SBI –SBI, the country’s largest bank, is providing home loans at the rate of 6.95-7.35 percent for loans up to 30 lakhs. For loans ranging from 30 lakhs to 75 lakhs, interest will have to be paid at the rate of 7.05-7.60 percent and for loans above 75 lakhs at 7.30-7.70 percent. Processing fee up to 0.35 per cent (minimum 2 thousand and maximum 10 thousand) will also have to be given, although the processing fee on the loan taken at 6.9 per cent interest rate is waived. Apart from this, there will be an additional discount of 0.05 per cent (5bps) in the interest rates on applying through the YONO app.
where – Interest rates in Union Bank of India have gone below 7 percent. This is the lowest among the interest rates being provided by all public and private banks in the country. Union Bank of India is giving loans at the rate of 6.85-7.25 percent on home loans up to 30 lakh rupees. On home loans of more than 30 lakhs, it is giving home loans at the rate of 6.95-7.35 percent. Those with low CIBIL scores will have to pay more interest. Processing fee of 0.5 percent will also have to be given, which is a maximum of 15 thousand rupees.
BoB- Bank of Baroda is providing home loans at an annual interest of 6.85-8.20 per cent. On loans up to 50 lakhs, the bank will have to pay 0.50 percent processing fee (8500 to 15 thousand rupees) and 0.25 percent processing fee (8500 to 25 thousand rupees) on loans above 50 lakhs.
Home loans from private banks
HDFC – For loans up to 30 lakhs, HDFC Bank is providing home loans at the rate of 6.95–7.5 percent per annum and for loans up to 30–75 lakhs at 7.2–7.75 percent annually. Apart from this, the bank is providing interest at the rate of 7.3-7.85 per cent for loans above 75 lakhs. Processing fees of maximum 1.5 percent (maximum Rs. 3 thousand) will also have to be paid.
ICICI Bank- In ICICI Bank, 6.9-7.85 per cent on loans below 35 lakhs, 7.0-7.35 per cent on loans of 35 to 75 lakhs and 7.00-8.05 per cent interest on loans above 75 lakhs is payable. Apart from this, processing fees up to 0.50 percent will also have to be paid.
Kotak Bank Festive offer has started in Kotak Bank. The bank is providing home loans at the rate of 6.75-8.45 percent under this offer started in the name of happiness season. A loan of less than 30 lakhs will have to pay a processing fee of 0.25 per cent, though for non-salaried it is 0.5 per cent. Apart from this, a processing fee of 0.5 percent will have to be given on a loan of more than 30 lakhs.
(Note: All data are taken from the bank’s website. Tax is not included in the processing fee.)