Most of the middle class people depend on home loans to buy a house. Therefore, it is beneficial to know the financial institutions that charge the lowest interest rates for home loans. Even a small difference in interest rates can save you a lot of money in the long run. And one should know the different rates and processing charges charged by different banks for sanctioning the loan. Compare the rates of different banks and select the suitable loan. If the current home loan interest rates are high, then the loan can be shifted to a bank with lower interest rates.
Different banks now offer home loans at different interest rates. Borrowers with a high credit score usually get a loan at a lower interest rate. But those with low credit scores are given loans at higher interest rates. Compare home loans offered by top lenders and low interest rates of other banks.
Different banks now offer home loans at different interest rates. Borrowers with a high credit score usually get a loan at a lower interest rate. But those with low credit scores are given loans at higher interest rates. Compare home loans offered by top lenders and low interest rates of other banks.
Read Latest Personal Finance News:
State Bank of India: At present SBI is offering home loan at an interest rate of 8.6 percent to 9.65 percent per annum under a special campaign.
ICICI Bank: Leading private bank ICICI Bank charges a higher interest rate of 9.25 per cent on home loans.
Kotak Mahindra Bank: The private bank offers home loan at 8.7 percent interest rate for salaried individuals and 8.75 percent interest rate for self-employed individuals.
Bank of Baroda: Bank of Baroda, a public sector bank, offers home loans to both salaried and non-salaried earners at interest rates ranging from 8.4 to 10.60 percent. The normal rate is 8.75 percent for salaried and 8.85 percent for self-employed.
