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Which bank has the lowest interest rate?

The festival season has started. Many of the leading banks in the country are offering special interest rates in this order. SBI is charging an interest rate of 7.55 percent on loans up to Rs.30 lakh. Bank of Baroda’s interest rate starts from 8.05 percent.. Other banks are also charging lower interest rates. However, most housing finance companies charge an interest rate of less than eight percent. Also, in the background of increased interest rates on home loans, many people are eager to know how much interest rate is charged by any bank. Hence, we are providing you the details of home loan interest rates offered by various banks.

BANK                                                       INTEREST RATE                                              PROCESSING FEE

Kotak Mahindra Bank 7.50% p.a. onwards 0.50%
Citibank 6.65% p.a. onwards Rs. 10,000
Union Bank of India 7.90% p.a. onwards
Bank of Baroda 7.45% p.a. onwards Contact the bank for information
Central Bank of India 7.20% p.a. to 7.65% p.a. Rs. 20,000
Bank of India 7.30% p.a. onwards
State Bank of India 8.05% p.a. onwards 0.35% onwards
HDFC Home Loans 8.10% p.a. onwards* 0.5% or Rs.3,000 whichever is higher
LIC Housing Finance 7.55% p.a. onwards Rs. 10,000 -Rs. 15,000
Axis Bank 7.60% p.a. onwards Rs. 10,000
Canara Bank 8.10% p.a. onwards 0.50% of the loan amount
Punjab and Sind Bank 7.50% p.a. onwards Full Waiver
IDFC First Bank 7.50% p.a. onwards Rs. 5,000 – Rs. 5,000
Bank of Maharashtra 7.30% p.a. onwards Rs. 10,000
Indian Overseas Bank 7.05% p.a. onwards 0.50% (Max Rs. 20,000)
Punjab National Bank 7.40% p.a. onward 0.35% (Max Rs. 15,000)
United Bank of India 7.50% p.a. onwards 0.59% (Rs. 1,180 – Rs. 11,800)
UCO Bank 7.40% 0.15% (Rs. 1,500 – Rs. 15,000)
DBS Bank 7.30% 0.25% (Rs. 10,000)
IDBI Bank 7.60% 0.50% (Rs. 2,500 – Rs.5,000)
HSBC Bank 7.35% 1% (Rs. 10,000)
Karur Vysya Bank 8.05% Rs. 5,000
South Indian Bank Repo Rate + 3.35% p.a. onwards 0.50% (Rs. 5,000 – Rs. 10,000)
PNB Housing Finance 7.50% p.a. onwards Up to 0.50%
Federal Bank 8.55% p.a. onwards Rs. 3,000 – Rs. 7,500
Standard Chartered Bank 7.25% p.a. onwards 1%
Karnataka Bank 7.89% p.a. onwards Rs. 250
Sundaram Home Finance 6.95% Rs.3,000 (for salaried)
Dhanlaxmi Bank 8.35% p.a. onwards Rs. 10,000

 

· Please consult local bank branch to know the final rate. 

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