I was looking for the cheapest housing loan in India and that’s when I stumbled across NoBroker. I was able to check the interest rates, and offers on home loans to draw comparisons. Let me take you through my journey here.
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Using all the information from above, I figured SBI was the best option for me to get the cheapest home loan.
Read More:
Can I get a home loan for a chawl room?
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To fulfill the goal of homeownership, obtaining a mortgage is a crucial step. Finding the
cheapest home loan rates India
among the numerous financial organizations that offer them is a common goal. The financial issue loomed huge as I was about to turn my dream home into a reality. I studied the nuances of mortgage loans, contrasting interest rates, processing costs, and payback plans. I found a competitive market where lenders were competing to offer the cheapest home loans in India. Although private banks might offer more individualized services, public sector banks frequently have lower interest rates.
Cheap Home Loans In India: Best Prices
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh & Up to Rs. 75 Lakh | Above Rs. 75 Lakh |
Bank of Baroda |
8.40% – 10.65% |
8.40% – 10.65% |
8.40% – 10.90% |
Punjab National Bank |
8.55% – 10.25% |
8.50% – 10.15% |
8.50% – 10.15% |
Punjab & Sind Bank |
8.50% – 10.00% |
8.50% – 10.00% |
8.50% – 10.00% |
State Bank of India |
8.40% – 10.15% |
8.40% – 10.05% |
8.40% – 10.05% |
Union Bank of India |
8.35% – 10.80% |
8.35% – 10.95% |
8.35% – 10.95% |
Bank of India |
8.50% – 10.75% |
8.50% – 10.75% |
8.50% – 10.75% |
UCO Bank |
8.45% – 10.30% |
8.45% – 10.30% |
8.45% – 10.30% |
Bank of Maharashtra |
8.50% – 11.15% |
8.50% – 11.15% |
8.50% – 11.15% |
Canara Bank |
8.65% – 11.25% |
8.65% – 11.25% |
8.55% – 11.15% |
Indian Overseas Bank |
8.85% onwards |
8.85% onwards |
8.85% onwards |
*As of 25 September 2023
You can contact NoBroker for more affordable home loan options.
Get home loan at lowest interest rates through NoBroker Read More: How to increase home loan EMI in SBI? What is the Home Loan Rate of Interest in Post Office?Your Feedback Matters! How was this Answer?
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Authors Of The Question
What are the Cheapest Home Loans in India?
Amiri
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2 Answers
1 Year
2023-09-29T18:02:48+00:00 2023-10-05T12:57:53+00:00Comment
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