Home Loan Interest Rates: Every person dreams of having a permanent house of his own. In the modern era, building a permanent house is not easy. The sky-high prices of steel bars, cement, and bricks have severely strained the budgets of the common people. Meanwhile, if you’re considering building a house, there’s no need to worry.
A home loan can help you build a permanent house. Some banks are giving home loans at cheap rates. SBI, Bank of Baroda, and Union Bank of India all offer cheap home loans. You can review the detailed information about the interest rates banks charge on home loans below to determine which bank would be most beneficial for you when taking out a home loan. All your confusion about interest rates will end.
which banks are giving cheap home loans?
The SBI is India’s largest bank. You can take advantage of home loans from SBI. If you take a home loan of Rs 75 lakh from SBI, then you will have to pay 8.50 to 9.85 percent interest rates. Apart from this, Bank of Baroda also provides people with home loans up to Rs 75 lakh. In this case, the account holders are receiving interest rates of 8.40 to 10.90 percent. You can apply for home loans in a simple way.
Union Bank Home loans Interest Rate
People are also getting the benefit of home loans up to Rs 30 to 75 lakh from Union Bank of India. In this case, the customer will have to pay 8.35 to 10.90 percent interest. Union Bank also offers a home loan up to 30 lakh, with interest rates ranging from 8.35 to 10.75 percent.
Punjab National Bank Home Loan
PNB also provides you with a home loan of 30 to 75 lakh. Customers will have to pay interest rates ranging from 8.40 to 10.85 percent. Customers can also take home loans online. You can also apply for a loan offline by going to the bank.
Source – The Economics Times