Cheapest home loan: There is a rapid increase in demand for home and house across the country. The special thing is that the demand of houses has now not been limited to low budget or mid budget but has reached the high budget. Due to the increasing demand of homes, home loan demand is also increasing significantly. Home buyers are now taking home loans not only in big cities but also in small cities to buy houses. If you are also planning to take a home loan to buy a house, then this news is only for you. Here we will tell you about 5 banks who are offering home loans to their customers at the lowest interest rates.
All banks cheaper home loans
After the Reserve Bank of India cut the repo rate, all the banks of the country have also reduced the interest rates of home loan. However, things like your credit score, repayment history, financial status matters in home loans. If your credit score, repayment history and financial status are good, then the bank will give you a loan without any bottleneck and if it is not so, then it can be very difficult to get a loan. Let us know which bank is offering a home loan at which interest rate.
- Union Bank of India is offering home loans at an initial rate of 8.10 percent.
- Bank of Maharashtra is also offering home loans at an initial rates of 8.10 percent.
- Bank of Baroda is providing home loans to its customers at an early rates of 8.15 percent.
- Punjab National Bank is giving home loans to customers at an initial rate of 8.15 percent.
- State Bank of India customers can take home loans at an initial rate of 8.25 percent.
Processing fees
Let us tell you that banks also charge processing fees for home loan or any other loan. Different banks charge processing fees according to their own. Where some banks charge processing fees on loan amount, some banks charge a fixed amount. However, there are some banks that do not charge processing fees for home loans. You can visit your bank for more information on home loans.
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