Home loan interest rates are on a decline. Many home loan products are now available at sub-7% rates, which is a historic low. If you are planning to buy a home through a loan, this is a great time to take a home loan. Take a look at the latest home loan interest rates offered by public sector banks to know which are offering the lower interest rate.
|Institution||Under Rs. 30 L||Rs. 30 L to 75 L||Rs. 75 L plus|
|Bank of Baroda||6.85-7.85||6.85-7.85||6.85-7.85|
|Bank of India||6.85-7.75||6.85-7.75||6.85-7.75|
|Bank of Maharashtra||7.05- 8.2||7.05- 8.2||7.05- 8.45|
|Indian Overseas Bank||7.45||7.45-7.55||7.55-7.7|
|Punjab National Bank||7-7.25||7-7.35||7.1-7.6|
|Punjab & Sind Bank||6.9-7.25||6.9-7.25||6.9-7.25|
|State Bank of India||6.95-7.35||6.95-7.5||7.2-7.6|
|Union Bank of India||6.7-7.1||6.7-7.1||6.95-7.15|
Data taken from respective bank websites as on 6 July, 2020. Compiled by BankBazaar.com, India’s leading online marketplace for loans and credit cards. Need help in calculating your EMI? Use BankBazaar’s easy home loan EMI calculator.