These Five banks offer lowest home loan interest rates
By Lokmat English Desk | Published: September 20, 2023 02:07 PM2023-09-20T14:07:15+5:302023-09-20T14:07:15+5:30
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If you are considering obtaining a home loan in September 2023, several prominent banks in the country are currently providing loans to customers at highly competitive and low interest rates.
The majority of banks in the country typically base their home loan interest rates on the External Benchmark Lending Rate (EBLR). Currently, five major banks in the country are offering home loans at reduced interest rates.
The major private sector bank, ICICI Bank, is providing home loans with an interest rate of up to 9 percent to customers who have a CIBIL score ranging from 750 to 800. It's important to note that these interest rates are valid until September 30, 2023.
The State Bank of India (SBI) is currently offering home loan interest rates ranging from 8.60 percent to 9.45 percent for home buyers. It's worth noting that these interest rates are valid until December 31, 2023.
Bank of Baroda is providing home loan interest rates ranging from 8.40 percent to 10.60 percent to customers, and the specific rate offered to an individual will depend on their CIBIL score. Typically, borrowers with higher credit scores tend to receive lower interest rates.
As per the information available on the Canara Bank website, the interest rate for loans taken before September 9, 2023, is set at 9.25 percent. However, for loans taken after September 9, 2023, the bank has revised the interest rate to 9.40 percent.
Indian Bank is offering interest rates of 8.60 percent to 9.90 percent to customers on home loans.
Banks in the country are giving loans at low interest rates to common people to build their own houses.
While taking this loan we had to fulfill the documents demanded by the banks. After completing all these documents, those banks can give you a home loan at 6.50 to 8 percent interest.
