Come festive season and banks begin offering different proposals to charm clients. For example, in a couple of weeks, SBI, LIC Housing, Kotak Mahindra, PNB, Yes Bank, and ICICI Bank cut their financing costs relevant on home advances, offering a great chance to financial backers wanting to purchase the perfect place.
However, many customers are still confused when it comes to taking a home loan. To help them out, here’s the list of banks offering the lowest interest rate in the country:
ICICI Bank is the latest to announce its Festive Bonanza offer on home loans. The private lender is offering home loans at a starting from 6.70% and processing fee starting from Rs 1,100.
India’s largest state-owned State Bank of India (SBI) is offering home loans at attractive interest rates. Currently, the bank is providing home loans with a floating interest rate of 6.7% to 7.5%. Borrowers can repay the loans in 30 years. Moreover, the loans come with a 0% processing fee.
LIC HFL was among the first banks to slash the interest rates on home loans. Currently, the lending arm of LIC is offering home loans at just 6.66 per cent, which is one of the lowest interest rates.
Kotak Mahindra Bank is offering bank loans at lowest interest rates. Customers can get bank loans starting at just 6.5% interest rate.
Bank of Baroda has cut the interest rates by 25 basis points on home loans. Borrowers can now avail a home loan from the state-backed bank at just 6.7 per cent per annum.
