look news india
Nowadays, taking home loan is a compulsion for all families. Due to this compulsion, many people have to take home loans at high interest rates due to lack of information.
However, today we are going to tell you about some banks whose interest rates are low. Taking home loan from these banks can be very beneficial for you.
Bank of India
Bank of India gives home loan to buy a house. The interest rates of Bank of India are starting from 8.30 percent per annum. According to the information given by the bank, you can get a loan up to 90 percent of the value of your property. Apart from this, you also get a repayment option of up to 30 years.
Punjab National Bank
Punjab National Bank is providing home loans ranging from Rs 30 lakh to Rs 75 lakh to people to buy houses. The bank will charge interest on this at the rate of 8.45 percent to 10.5 percent per annum. If your credit score is good then you can easily take a home loan at a lower rate. Therefore you should keep your credit score better.
Bank of Baroda
If your CIBIL score is good then the bank offers you loan at low interest rate. But people with bad CIBIL score get expensive loans. Bank of Baroda is also giving home loans to people to buy houses, on which the bank charges annual interest rates ranging from 8.4 percent to 10.6 percent. The interest charged by the bank depends on your CIBIL score.
state Bank of India
SBI and State Bank of India are providing loans to people at low interest rates. SBI offers home loans at an initial annual interest rate of 8.4 percent. The bank is also giving you 30 years time to repay this loan. If a woman takes a home loan, SBI gives her an additional discount of 0.05 percent on the interest rate.
HDFC bank
It 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 ranging from Rs 30 to Rs 75 lakh at an annual interest rate of 8.35 percent.