If you are thinking of buying a house, this is a good time. Interest rates on home loans have come down significantly. At the same time, stamp duty rates have also fallen in some states like Maharashtra and Karnataka. Recently, State Bank of India (SBI) reduced its interest rate to 6.7 per cent for home loans up to Rs 75 lakh and 6.75 per cent for home loans above Rs 75 lakh. However, this interest rate is for customers with high CIBIL scores. Kotak Mahindra Bank is also offering a very attractive interest rate on home loans.
Here are the interest rates on home loans of some banks and housing companies, which are offering relatively low interest rates in the market. It has a loan amount of Rs 75 lakh and a term of 20 years.
Kotak Mahindra Bank
The bank is offering 6.65 percent interest rate on home loans from qualified creditors. The loan amount of Rs 75 lakh and EMI for a period of 20 years will be Rs 56,582.
State Bank of India
The bank is offering 6.70 per cent interest rate on home loans from qualified creditors. The loan amount of Rs 75 lakh and EMI for a period of 20 years will be Rs 56,805.
ICICI Bank
The bank is offering 6.75 percent interest rate on home loans from qualified creditors. The loan amount of Rs 75 lakh and EMI for a period of 20 years will be Rs 57,027.
Hdfc
Here 6.75 percent interest rate is being offered on home loans from qualified creditors. The loan amount of Rs 75 lakh and EMI for a period of 20 years will be Rs 57,027.
Punjab National Bank
The bank is offering 6.80 per cent interest rate on home loans from qualified creditors. The loan amount of Rs 75 lakh and EMI for a period of 20 years will be Rs 57,250.
Tata capital
Here 6.80 percent interest rate is being offered on home loans from qualified creditors. The loan amount of Rs 75 lakh and EMI for a period of 20 years will be Rs 57,250.
Bank of Baroda
The bank is offering 6.85 percent interest rate on home loans from qualified creditors. The loan amount of Rs 75 lakh and EMI for a period of 20 years will be Rs 57,474.
Central Bank of India
The bank is offering 6.85 percent interest rate on home loans from qualified creditors. The loan amount of Rs 75 lakh and EMI for a period of 20 years will be Rs 57,474.
Bank of India
The bank is offering 6.85 percent interest rate on home loans from qualified creditors. The loan amount of Rs 75 lakh and EMI for a period of 20 years will be Rs 57,474.
Bajaj Finserv
Here 6.90 percent interest rate is being offered on home loans from qualified creditors. The loan amount of Rs 75 lakh and EMI for a period of 20 years will be Rs 57,698.
LIC Housing Finance
Here 6.90 percent interest rate is being offered on home loans from qualified creditors. The loan amount of Rs 75 lakh and EMI for a period of 20 years will be Rs 57,698.
IDBI Bank
The bank is offering 6.90 percent interest rate on home loans from qualified creditors. The loan amount of Rs 75 lakh and EMI for a period of 20 years will be Rs 57,698.
Axis Bank
The bank is offering 6.90 percent interest rate on home loans from qualified creditors. The loan amount of Rs 75 lakh and EMI for a period of 20 years will be Rs 57,698.
Canara Bank
The bank is offering 6.90 percent interest rate on home loans from qualified creditors. The loan amount of Rs 75 lakh and EMI for a period of 20 years will be Rs 57,698.
