Want to avail home loan, check ‘here’ which bank is charging least interest rate 


New Delhi: People take bank assistance to buy the homes of their dream. Bank provides home loans to the people. For that one needs to choose the right bank with the least interest rates on loans. During coronavirus the RBI has several times cut the repo rate reducing  interest rates. In this falling interest rate regime, almost all banks including State Bank of India (SBI) and HDFC Ltd (HDFC Ltd) have cut their home loan rates.


The rates of some banks have come down to less than 7 percent, which can prove to be a great opportunity for those taking home loans.  Here is the list of banks with least interest rates.

Bank of Baroda – 6.85 %

Bank of India – 6.85 %

Central Bank – 6.85%

Canara Bank – 6.90%

Punjab & Sind Bank – 6.90%

UCO Bank – 6.90%

HDFC Limited – 6.90%

HDFC Bank – 6.95%

SBI – 6.95%

ICICI Bank – 6.95%

Punjab National Bank – 7%


Home loans will be available only to those customers whose CIBIL score is more than 700. Women working in UBI only, whose CIBIL score is more than 700, will get a home loan at 6.70 percent. A male working in a bank will get a home loan at 6.75 percent. Apart from this, non- salaried will also get a home loan at the rate of 6.90 percent.


When taking a home loan, one should not only pay attention to the low interest rate but  also have to check the credibility of the lenders and other charges, which may vary from bank to bank. So, if you have taken a home loan, then carelessness like delay in payment of credit card can increase the burden of home loan EMI on you. Therefore, keep checking your credit score quarterly.



You might also like
Leave a comment