Know Which Banks are Offering Loans at Cheapest rates:Everyone’s own home is a dream. 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 perfect 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. 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 – The country’s largest bank, SBI is providing home loans at the rate of 6.95-7.35 per cent for loans up to 30 lakhs. For loans ranging from 30 lakhs to 75 lakhs, interest rate of 7.05-7.60 percent and loans above 75 lakhs will be given at the rate of 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 is waived on loans taken at 6.9 per cent interest rate. 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.
Interest rates at UBI- 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 homelones up to 30 lakh rupees. On homelones of more than 30 lakhs, it is giving homelones at the rate of 6.95-7.35 percent. Those with low CIBIL score 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 on loans above 50 lakhs, 0.25 percent processing fee (8500 to 25 thousand rupees).
SBI Vs PNB Vs BoB: Who is charging so much for the locker?
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% per annum and for loans up to 30-75 lakhs at 7.2-7.75% per annum. 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- 6.9-7.85 per cent on loans below 35 lakh, 7.0-7.35 per cent on loans of 35 to 75 lakh and 7.00-8.05 per cent interest on loans above 75 lakh are payable in ICICI Bank. Apart from this, processing fees up to 0.50 percent will also have to be paid.
Festive offer has started in Kotak Bank – 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.
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