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Planning To Take A Home Loan? This Private Bank Is Giving Loan At 6.75%

Team BankBazaar
·1-min read
Photo: www.pixabay.com
Photo: www.pixabay.com

Home loan interest rates have been falling. Recently, Kotak Mahindra Bank lowered its interest rate to 6.75% to woo customers. ICICI and HDFC Bank are also offering home loan at lower interest rates of 6.9% and 6.95%, respectively. Interest rate plays an important role in any loan. Therefore, whenever you take a loan, make sure to compare the interest rates of all the banks to bag the best deal. Take a look at the interest rates private banks are offering on loan amount below Rs 30 lakh.

Bank

Interest Rate

Kotak Mahindra Bank

6.75

ICICI Bank

6.9

HDFC Bank

6.95

IDBI Bank

7.15

J&K Bank

7.2

DBS Bank

7.3

Karur Vysya Bank

7.45

Axis Bank

7.75

Federal Bank

7.9

South Indian Bank

7.9

Karnataka Bank

8.17

Tamilnad Mercantile Bank

8.45

Compiled by BankBazaar.com on November 9, 2020 basis the rates advertised by the respective banks on their websites. The list is not exhaustive. The lowest rates are given to eligible borrowers only. Your final interest rate on home loans depends on such factors as loan size, loan-to-value ratio, gender, income source, credit score, and any other parameters set by the lender. The rates may be revised as per the lender’s policies.

Need help in calculating your home loan EMIs? Use BankBazaar’s Easy Home Loan EMI Calculator today!