Home Loans: Comparing interest rates offered by various banks
lifestyle Apr 19 2024
Author: Ishwi Singh Image Credits:freepik
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Bank of Baroda
Bank of Baroda offers interest rates starting from 8.4 percent per year for a home loan with a 30-year tenure.
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Punjab National Bank
For a 30-year tenure of home loan, Punjab National Bank offers an interest rate ranging between 8.4 percent to 10.25 percent.
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State Bank of India
A home loan for a duration of 30 years from SBI will come at interest rates ranging from 8.50 percent to 9.85 percent.
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Canara Bank
Canara Bank offers home loan at an interest rate starting from 8.5 percent. If you borrow Rs 75 lakh for a period of 20 years, the EMI will amount to Rs 64,650.
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Central Bank
Central Bank offers home loans at an interest rate of 8.5 percent.
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Kotak Mahindra Bank
Kotak Mahindra Bank offers home loans at an interest rate of 8.7 percent.
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HDFC
HDFC Bank is offering home loans at interest rates starting from 8.5 percent.
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ICICI
ICICI Bank offers home loans starting at 8.75 percent per year for a tenure of up to 30 years. It also charges a processing fee of 0.5 percent.
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Note
The interest rates mentioned here are subject to change. Conduct thorough research before obtaining a home loan.