A home loan is the biggest loan that an average person takes in his life. This is the largest loan not only in total but also in terms of payment. Because the home loan is for at least 15 years, people end up paying almost twice as much as the home loan. However, it can be said that it is the best loan as we own a property. And what is the current interest rate by banks, and what are the processing fees? Details are here:
Total loan: Rs. 30 lakh. Tenure (EMI for 20 years).
Bank Interest (%) EMI (in Rs) Processing fee
Citi Union Bank 8.25-10.50 25,562-29,951 0.20%-0.35’ + GST
Bank of Maharashtra 8.35-10.90 26,283-30,762 0.25% (approximately Rs. 25,000)
Central Bank of India 8.35-9.50 26,283-27,964 0.50% (approximately Rs. 20,000)+GST
Union Bank of India 8.35-10.75 26,283-30,457 0.50% (approximately Rs. 15,000)+GST
South Indian Bank 8.35-11.44 26,283-31,869 0.50% (approximately Rs.10,000)+GST
Bank of Baroda 8.40-10.60 25,845-30,153 Nil. Based on rules for each property Rs. 10,000 recovery) Bank of India 8.40-10.85 25,845-30,660 0.25% (atleast Rs 1500, approximately Rs 20,000) For individuals only
Canera Bank 8.40-11.25 25,845-31,478 0.50% (Atleast Rs.1500 approximately Rs.10,000)
Indian Bank 8.40-10.35 25,845-29,650 Upto 0.25%
Indian Overseas Bank 8.40-10.60 25,845-30,153 Upto 0.50% (approximately Rs. 25,000)+GST
Punjab National Bank 8.40-10.10 25,845-29,150 0.35%(Atleast Rs. 2500 approximately Rs. 15,000)
National Bank 8.40-11.00 25,845-30,966 –
IDBI Bank 8.45-12.25 25,940-33,557 From Rs 5,000 to Rs.15,000. No fee for PMEY houses and inward exchange
UCO bank 8.45-12.60 25,940-34,296 0.50% (Atleast Rs.1500, approximately Rs. 15,000)
Punjab & Sind Bank 8.55-10.00 26,130-28,951 No Processing fee
