Today inflation has increased so much that property rates are touching the sky. Due to which buying a new house has become very expensive. If you want to buy your own house and are thinking of taking a home loan due to less money, then this news is useful for you. Actually, you can get home loan in any bank. But at present five big banks are offering the cheapest home loans. Let us know in the news below-
If you are planning to buy a house and are preparing to take a home loan for it, then you will look for a bank which gives you home loan at low interest and processing fees. Since home loan is a long term loan. Therefore even minor differences in interest matter. Therefore everyone wants a loan at low interest. We are giving you details of interest offered on home loans by 5 big banks including SBI, HDFC.
Top 5 banks offering home loans at low interest rates
HDFC Bank
HDFC Bank, the largest private sector bank, is offering interest rates ranging from 9.4 percent to 9.95 percent per annum on home loans.
SBI
State Bank of India is offering interest ranging between 9.15 percent to 9.75 percent depending on the CIBIL score of the home loan borrower.
ICICI Bank
This private sector bank is offering home loans between 9.40 percent to 10.05 percent. Offers home loans at interest rates ranging from a range of percentage. On home loans below ₹35 lakh, the interest rate for business owners ranges between 9.40 to 9.80 percent. Whereas for salaried individuals it is between 9.25 percent to 9.65 percent.
Kotak Mahindra Bank-
This private sector bank is giving home loans at the rate of 8.7 percent to the working class and 8.75 percent to the businessmen.
Punjab National Bank-
PNB (Punjab National Bank) is charging interest on home loans between 9.4 percent to 11.6 percent depending on the CIBIL score, loan amount and loan tenure. For example, a borrower with a credit score of 800 and above is offered the lowest rate of 9.4 for a loan above Rs 30 lakh.
