Home Loan Rate: Home Loan Interest Rate: Loan Interest Rate: People take Home Loan Rate from various banks to upgrade their house i.e. to buy a house or build a new house for their family. But different banks have their own different interest rates. As many banks have low interest rates and many banks have high interest rates. So people are taking home loans by contacting banks where they have to offer low interest rates. Let’s see the list of which bank takes home loan rate.
Home Loan Rate
It is everyone’s dream to build their own house. And if you are also going to buy a house and need a home loan then this article will be useful for you. If you want to apply for home loan. So before that you have to get information about Home Loan Rate of big banks. Before deciding to take a home loan for a home, one should compare interest rates from different banks or financial institutions. Currently, most of the banks are offering home loans at slightly lower interest rates than the regular interest rates. Let’s see about it.
SBI Home Loan
SBI charges between 8.6 percent and 9.65 percent interest depending on the applicant’s CIBIL score. The lowest interest rate for borrowers with a credit score above 750 is 8.6 percent. If the score is between 700 and 749, the loan is available at an interest rate of 8.7 percent. Borrowers with a score of 650 to 699 are being given loans at a rate of 9.45. People with a score between 550 to 649 can get a home loan at a rate of 9.65 percent.
Bank of Baroda (BOB) Home Loan
Public sector Bank of Baroda offers home loans at an interest rate of 8.40 to 10.60 percent. Depending on the applicant’s loan limit and credit score. These rates are applicable to both salaried and non-salaried persons.
Punjab National Bank Home Loan
Among the public sector banks, Punjab National Bank offers interest rates ranging from 8.40 to 10.10 percent per annum. The exact interest rate depends on the LTV ratio, loan amount and credit score.
HDFC Bank Home Loan
HDFC Bank is the largest in the private sector at between 8.50 to 9.15 percent per annum. These rates apply to both the salaried class and the self-employed. The standard home loan rate in both categories is between 8.75 percent and 9.40 percent.
ICICI Bank Home Loan
ICICI Bank offers home loans between 9 to 9.10 percent depending on the credit score. Salaried employees are entitled to 9 percent interest rate on their loans. And self-employed individuals can qualify for a home loan at 9 percent interest on a credit score of 800 and 9.10 percent on a credit score of 750 to 800. ICICI Bank’s standard interest rates range between 9.25 percent and 10.05 percent.
Note – The interest rates given here may change over time. And this article is for information only. For more information you can contact the bank.
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