Home loan interest rate in historic decline ..
With the Reserve Bank of India slashing its interest rates sharply over the past two years, home loans are one of the most important initiatives taken by banks to reduce their debt burden and strengthen their business.
Banks are now offering the lowest interest rates in history as the country’s leading private sector banks compete with public sector banks to cut interest rates.
Currently, HDFC Bank has announced a mere 6.7 per cent interest rate on home loans to attract new home buyers.
Festive period
As the Indian economy and trade market are rapidly recovering from the Corona II epidemic, it is relying solely on festive trade to achieve full growth. It is noteworthy that the festive period recorded large-scale growth in the first corona wave.
HDFC Bank
HDFC Bank, one of the leading banks in the country, has announced a special home loan interest rate for the festive season.
6.7 percent interest
From September 20, HDFC Bank has announced a fixed interest rate of 6.7 per cent for all home loans, regardless of the loan amount. With this, even if it is 20 lakh rupees or 5 crore rupees, the interest on all home loans is only 6.7 per cent.
The amount of the loan
HDFC Bank has announced an interest rate of 6.7 per cent on all fixed home loans in order to get more business during the festive season, although interest rates on banks usually vary depending on the amount of the loan.
PMAY offer
Currently home loan buyers have PMAY offer and the federal government has the opportunity to suspend this scheme at any time so that as far as possible everyone can fulfill their dream of own home with home loan to avail this offer.
Until October 31st
HDFC Bank has announced that this 6.7 per cent interest rate will be available only till October 31. Similarly, if you want to get a home loan from HDFC Bank, you can get it through a bank or online.
Easy home loan
It is now possible to get a loan easily and quickly as the banks only have a very limited amount of credit documents and the loan application is approved fast. Well do you know what is the interest rate for home loan in other banks ..?
Kotak Mahindra Bank
Kotak Mahindra Bank – 6.5 per cent
Citibank – 6.75 percent
Union Bank of India – 6.80%
Bank of Baroda – 6.75%
Central Bank of India – 6.85%
HDFC Bank
Bank of India – 6.85 per cent
State Bank of India – 6.75 per cent
HDFC Bank – 6.70%
ICICI Bank – 6.90 per cent
LIC Housing Accounting – 6.90%
Bank of Punjab and Sindh
Axis Bank – 6.90 per cent
Canara Bank – 6.90 per cent
Punjab and Sindh Bank – 6.85 per cent
IDFC First Bank – 6.90%
Bank of Maharashtra – 6.90 per cent
Indian Overseas Bank
Indian Overseas Bank – 7.05%
Punjab National Bank – 6.95 per cent
United Bank of India – 8.00 per cent
UCO Bank – 6.90 percent
TBS Bank – 7.30 per cent
HSBC Bank
IDBI Bank – 6.95 per cent
HSBC Bank – 6.64%
Karur Visaya Bank – 7.20 per cent
Saraswat Bank Home Loan – 6.70%
Bank of Jammu and Kashmir – 7.20 per cent
BNP Housing Accounting
South Indian Bank – 7.85 per cent
BNP Housing Accounting – 7.35%
Federal Reserve – 7.65 percent
Standard Chartered Bank – 7.99%
Awas Financiers – 8.00 per cent
Sundaram Home Accounting
Bank of Karnataka – 7.50 per cent
Sundaram Home Accounting – 6.95%
Dhanalakshmi Bank – 7.85 per cent
Tata Capital – 6.90%
Tamil Nadu Mercantile Bank – 8.25%
Bandan Bank
IIFL – 10.50 per cent
DHFL Housing Accounting – 8.75%
Bandan Bank – 8.50 per cent
Yes Bank – 8.95%
Hudco home loan – 9.45%
Indiapulls – 8.65%
GIC Housing Fund
Aditya Birla – 9.00 percent
GIC Housing Fund – 7.45%
Reliance Home Finance – 9.75 per cent
Shriram Housing – 8.90 per cent
India Shelter Accounting – 12.00 per cent