Home Loan: If you intend to purchase a home before the end of 2023, you should first familiarise yourself with the home loan‘s interest rate. Numerous banks have changed the rates on home loans recently. The festival is providing a discount on processing fees through December 31, 2023. This implies that you have lots of time to take advantage of special offers and discounts on home loans.
Bank Interest Rates Decoded
We are going to inform you about bank interest rates on home loans. Find out here the interest rates on home loans up to Rs 30 lakh, Rs 30 to Rs 75 lakh, and Rs 75 lakh and above.
| Banks | Up To Rs 30 lakh | 30 to 75 Lakh | More Than Rs 75 lakh |
| Bank of Baroda | 8.40% – 10.65% | 8.40% – 10.65% | 8.40% – 10.90% |
| Punjab National Bank | 8.55% – 10.25% | 8.50% – 10.15% | 8.50% – 10.15% |
| Punjab and Sindh Bank | 8.50% – 10.00% | 8.50% – 10.00% | 8.50% – 10.00% |
| state Bank of India | 8.40% – 10.15% | 8.40% – 10.05% | 8.40% – 10.05% |
| Union Bank of India | 8.40% – 10.80% | 8.40% – 10.95% | 8.40% – 10.95% |
| Bank of India | 8.30% – 10.75% | 8.30% – 10.75% | 8.30% – 10.75% |
| UCO Bank | 8.45% – 10.30% | 8.45% – 10.30% | 8.45% – 10.30% |
| Bank of Maharashtra | 8.50% – 11.15% | 8.50% – 11.15% | 8.50% – 11.15% |
| Canara Bank | 8.50% – 11.25% | 8.45% – 11.25% | 8.40% – 11.15% |
| Indian Overseas Bank | more than 8.85% | more than 8.85% | more than 8.85% |
Avail the Best Rates and Festive Discounts
The biggest public sector bank in the nation is State Bank of India (SBI). Customers of the bank can currently obtain a home loan at an annual rate of 8.40 percent plus a 0.17 percent processing fee. There’s a festive offer available for SBI home loans. Customers who take advantage of this will receive a home loan discount of 65 basis points, or 0.65%. This discount is available for NRI, Upon Home, Regular Home Loan, Flexipay, and Salary Class. This SBI discount is available to you through December 31, 2023.
Bank of Baroda’s Festive Extravaganza
The “BOB Ke Sang Festival Ki Umang” campaign has been launched by Bank of Baroda (BOB) for its clientele. The Bank of Baroda’s special campaign will run until December 31, 2023. The bank is offering extremely appealing interest rates on home loans, personal loans, auto loans, and education loans as part of this campaign.
Indian Bank’s Home Loan Delight
Indian Bank is a bank in the public sector. It is providing home loans with interest rates ranging from 8.50 to 9.90 percent. This has a processing fee of 0.23 percent of the total.
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