Home Loan: RBI reduced the repo rate 50 basis point on 6 June. After this, the interest rate of the new home loan has come below 7.5%. Know the rate of which bank and EMI on a 20 -year loan of 50 lakh rupees.
Canara bank
Bank of baroda
State bank of india
Hdfc bank
Kotak mahindra bank
Icici bank
Axis bank
Yes bank
Canara bank
Canara Bank and Union Bank of India are giving home loans at an initial rate of 7.3%. EMI is about Rs 39,670 on a 20 -year loan of 50 lakhs. This rate is the lowest in public sector banks.
Bank of baroda
The home loan of Bank of Baroda starts at an early rate of 7.45%. EMI comes to Rs 40,127 on a 20 -year loan of 50 lakhs. This rate is slightly higher than Canara and Union Bank.
State bank of india
State Bank of India and Punjab National Bank give loans at the rate of 7.5%. EMI will be Rs 40,280 on a 20 -year loan of 50 lakhs. This rate is the average rate of public sector banks.
Hdfc bank
HDFC Bank offers home loans from 7.9% in private banks. EMI is Rs 41,511 on a 20 -year loan of 50 lakhs. This rate is slightly higher than in public sector banks.
Kotak mahindra bank
Kotak Mahindra Bank’s home loan starts at 7.99%. EMI is Rs 41,791 on a 20 -year loan of Rs 50 lakh. This rate is medium category in private banks.
Icici bank
The home loan rate of ICICI Bank starts at 8%. EMI will be Rs 41,822 on a 20 -year loan of 50 lakhs. It is slightly expensive than HDFC and Kotak.
Axis bank
Axis Bank offers home loans at an initial interest rate of 8.35%. EMI is Rs 42,918 on a 20 -year loan of 50 lakhs. The difference in EMI is clearly visible at this rate.