Planning To Take Home Loan? Know Where You Will Get Better Interest Rate From Government Or Private Banks

Most of the people take home loan to build a house because building a house is a big expense. Government and private banks present in the country offer various interest rates to the customers (Home Loan Interest Rate). Today you should know which bank, whether private or government, is offering you better home loan. Read what is the complete news.

BOI is offering interest rates from 8.30% per annum on home loans.

There is a saying that your home is yours. In India, people spend their entire life’s earnings to buy or build a house. However, buying a house or building a house is definitely a big expense. Most people take home loan to build a house and then repay it every month through EMI .

There are two types of banks in the country, private and government banks. Both the banks offer home loans to the customers. In such a situation, if you also want to buy or build your dream house, then you should also know about the interest rates on home loans offered by various government and private banks so that you can get the best home loan. The interest rate information has been taken from the official websites of banks on 29th November.

Home Loan Interest Rates Of Government Banks

SBI: State Bank of India (SBI), the country’s largest government bank, is offering interest rates from 8.40% per annum on home loans.

PNB: Punjab National Bank (PNB) is offering interest rates from 8.50% per annum on home loans for its salaried customers. Whereas for non-salaried people the interest rate starts from 8.8%.

Bank of Baroda: Bank of Baroda (BOB) is offering interest rates from 8.40% per annum on home loans.

UCO Bank: UCO Bank is offering interest rates from 8.45% per annum on home loans.

Bank of India: Bank of India (BOI) is offering interest rates from 8.30% per annum on home loans.

Home Loan Interest Rates Of Private Banks

HDFC Bank: HDFC Bank, the country’s largest bank, is offering special home loan rate of 8.50% to its customers, while standard home loan is starting from 8.75%.

ICICI Bank: ICICI Bank is offering interest rates from 9.00% per annum on home loans.

Axis Bank: Axis Bank is offering interest rates from 8.7% per annum on home loans for its salaried customers. Whereas for non-salaried people the interest rate starts from 9.10%.

Kotak Mahindra Bank: Kotak Mahindra Bank is offering interest rates from 8.7% per annum on home loans for its salaried customers. Whereas for non-salaried people the interest rate starts from 8.75%.

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