SBI, PNB, ICICI and HDFC have changed the interest rates of home loans, know which bank is giving loan at the lowest interest rate..

Home loan EMI: Buying a house by taking a home loan becomes a big challenge when it becomes difficult to repay the loan due to high interest rates. In such a situation, if you get the option of a home loan at a low interest rate, it will be like icing on the cake.

Recently, four big banks have changed the interest rates of home loans. These include SBI, HDFC, PNB, and ICICI Bank. Let us know which of these banks is providing home loans at the lowest interest rates.

Interest rates on home loans have reduced from this month

If you are planning to take a home loan, then let us tell you that from this month, many banks, including housing finance companies, have reduced the interest rates on home loans. You can now buy your dream home by taking a cheap home loan.

You will get the cheapest home loan from SBI.

State Bank of India is currently offering home loans (SBI home loan interest rates) for salaried persons at an initial interest rate of 8.35 percent. There is an additional discount of 0.05 percent for women.

The country's largest bank has also reduced the processing fees on home loans (SBI home loan processing fees). This means that now less interest, easy terms and conditions are applicable for repaying the loan. If you have taken a home loan for the first time, you can get the balance transferred.

This is the interest rate in PNB.

Punjab National Bank is offering home loans at an 8.40 percent interest rate (PNB home loan interest rates). Government employees can especially benefit from PNB.

Interest rates in HDFC and ICICI Bank

Now, the starting interest rates on home loans of HDFC and ICICI Bank (ICICI Bank home loan interest rates) are 8.40 percent per annum. You can take loans online from these banks at both fixed and floating interest rates with an easy process.

If you want to take a top loan, then this facility will also be available. You can easily take this loan for home repair. However, CIBIL score and income will play a role.

BOB's home loan interest rates

Bank of Baroda (BoB) is offering home loans (BOB home loan interest rates) at an interest rate of 8.45 percent. This bank no longer charges any fee for early repayment of floating rate loans. You can also take advantage of the balance transfer (loan transfer rules) facility.

This is the interest rate in Axis Bank.

Axis Bank is currently providing home loans (Axis Bank home loan interest rates) at an initial rate of 8.50 percent. There is also a flexible EMI option for the youth and the facility of getting a loan quickly. This bank is also providing the facility of a top-up loan.

LIC Housing Finance Company's interest rates

LIC Housing Finance (LIC Housing Finance) is offering home loans (LIC Housing Finance home loan interest rates) at a rate of 8.50 percent. This housing finance company gives most of the loans (loans from LIC Housing Finance) for a loan period of up to 30 years. You can also take advantage of this and buy your own house.

How to decide to take a loan

Whenever you take a loan, do calculate the entire EMI by looking at the interest rates, tenure, etc. of the concerned bank (bank loan news). If it fits in your budget, salary (loan on salary), etc. and conditions are being created to repay the loan and EMI easily, then consider taking a loan from there, or you can consult a financial expert. The right decision can save you lakhs of rupees.

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