Home Loan Interest Rates || Nowadays, houses have become so expensive that it is necessary to take a loan to buy them. If you are also looking to buy a new house now and you need a loan, do not rush. While taking a loan, one should always check several banks and also get complete information about their terms and conditions. This lets you know the interest rate being charged by the bank, so you can take a sub-party home loan for yourself.
Apart from this, you should take care of many other things while taking a loan, such as no extra charge in pre-payment, so that if you ever want to close your loan early in the coming time, you do not incur any extra cost. In today's article, we are going to tell you about some great bank offers, so that you can get a better interest rate for a lower rate.
Bank of India
For your information, let us know that you are getting a home loan to buy a house through Bank of India. Bank of India is offering interest rates starting from 8.30 per cent per annum. According to the information given by the bank, you can take a loan up to 90 percent of the value of your property. In addition, you also get the option of payment up to 30 years. As we said earlier, if your CIBIL score is better, then you are given a loan by the bank at a lower interest rate. But those with a poor CIBIL score get expensive loans. Bank of Baroda is also offering home loans to people to buy houses, on which interest is being charged by the bank from 8.4 percent to 10.6 percent annually. The interest charged by the bank depends on your CIBIL score.
Punjab National Bank
Punjab National Bank (PNB) offers home loans ranging from Rs 30 lakh to Rs 75 lakh. The bank will charge an interest rate ranging from 8.45 per cent to 10.5 per cent per annum. If you have a good credit score, you can easily take a home loan at a lower rate. Therefore, you should keep your credit score better so that you get a loan at a lower interest rate.
State Bank of India
State Bank of India (SBI), the country's largest lender, offers a host of services to its customers at a low interest rate. SBI is offering home loans at an interest rate of 8.4 per cent per annum. You are also being given 30 years to repay this loan by the bank. If a woman takes a home loan, SBI gives an additional discount of 0.05 per cent on the interest rate.
HDFC Bank
Let us tell you that this is the largest private sector bank in the country and is offering home loans at affordable interest rates. Through HDFC Bank, you can take a loan from 30 to 75 lakh rupees at an annual interest rate of 8.35 percent.
