Home loan interest rates have been falling in recent months. Many private and public sector lenders have also been slashing their lending rates. If you are planning to take a home loan, here are the interest rates public sector banks are offering.
|Institution||Under Rs. 30 L||Rs. 30 L to 75 L||Rs. 75 L plus|
|Bank of Baroda||7.25-8.25||7.25-8.25||7.25-8.25|
|Bank of India||7.25-8.15||7.25-8.15||7.25-8.15|
|Bank of Maharashtra||7.45- 8.6||7.45- 8.6||7.45- 8.85|
|Punjab National Bank||7.2-7.45||7.2-7.7||7.35-7.8|
|Punjab & Sind Bank||7.3-7.65||7.3-7.65||7.3-7.65|
|State Bank of India||7.35-7.75||7.35-7.9||7.6-8|
|Union Bank of India||7.1-7.5||7.1-7.5||7.4-7.55|
Data taken from respective bank’s website as on 18 May 2020. Compiled by BankBazaar.com, India’s leading online marketplace for loans and credit cards.