Bank of Baroda’s home loan interest rates range from 8.40 per cent to 10.60 per cent annually.
All banks offer home loan services to customers. If you’re considering taking a home loan, it’s essential to be aware of the current interest rates offered by all banks, including the six major ones. These banks are currently providing some of the most competitively priced home loans.
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1) Bank Of India
As per Paisabazaar.com, the Bank of India is currently offering the most affordable home loan option. The bank’s interest rates begin at 8.30 per cent per annum. Customers can avail of loans up to 90 per cent of the property value, with repayment terms extending up to 30 years. Additionally, the bank offers overdraft and home loan balance transfer services to its borrowers.
2) HDFC Bank
HDFC Bank, the largest private bank in the country, offers advantageous home loan options. As per Paisabazaar.com, HDFC Bank’s home loan interest rates for loan amounts ranging from Rs 30 lakh to Rs 75 lakh begin at 8.35 per cent.
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3) Bank Of Baroda
Bank of Baroda is presently charging uniform interest rates on both salaried and non-salaried individuals. The bank’s home loan interest rates range from 8.40 per cent to 10.60 per cent annually. These rates vary depending on factors such as the loan amount and the applicant’s CIBIL score.
4) State Bank Of India
State Bank of India (SBI) is currently providing affordable home loans. The bank’s home loan interest rates start from 8.40 per cent per annum. Customers can opt for loan tenures of up to 30 years. Additionally, SBI offers a 0.05% interest concession to women borrowers.
5) ICICI Bank
For loan amounts ranging between Rs 35 to Rs 75 lakh, ICICI Bank charges interest rates ranging from 9.5 to 9.8 per cent for salaried individuals and 9.65 to 9.95 per cent for self-employed borrowers. However, for loan amounts exceeding Rs 75 lakh, the interest rates see a slight increase, ranging from 9.6 to 9.9 per cent for salaried individuals and 9.75 to 10.05 per cent for self-employed individuals.
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6) Punjab National Bank
Punjab National Bank (PNB) offers affordable loans. PNB provides home loans ranging from Rs 30 lakh to Rs 75 lakh at an annual interest rate of 8.45 per cent to 10.25 per cent. Borrowers with high CIBIL scores may qualify for loans at lower interest rates.
