Home loan interest rate at historic low

0
As the holiday season approaches, the banks of India started making offers and making concessions. One of these phenomena that has been circulating recently is mortgage interest rates which are at an all time high across the country.

Take a look at some of the home finance companies and banks that offer their clients the lowest interest rates on a home loan.

National Bank of India

The State Bank of India (SBI) previously reduced mortgage interest rates to 6.7% for any loan amount. This is the first time that a bank has granted flat rate home loans, the lender said.



HDFC

HDFC has announced that it will offer interest rates on home loans starting at 6.7%.

Punjab National Bank

Public lender GNP also reduced the interest rate on home loans above 50 lakh from 0.50% to 6.60%.

Baroda Bank

The Bank of Baroda also offers its clients a similar interest rate on home loans, which amounts to 6.75% for a home loan of Rs 75 lakh with a term of 20 years.

Yes Bank

Yes Bank has announced that it is lowering mortgage rates to 6.7% per annum during the holiday season for a limited period.

Kotak Mahindra Bank

Kotak Mahindra Bank cut its interest rate by 15 basis points, bringing it down to 6.50% per annum.

– Time now


Source link

Share.

About Author

Leave A Reply