My brother recently bought a flat in Hyderabad. To finance this, he availed himself of a home loan. While comparing several banks, his main motive was to obtain a loan from a bank that would offer him the lowest home loan interest rate in Hyderabad.
After comparing banks like Kotak Mahindra, HDFC, ICICI, and BOB, he opted for a loan from the Bank of Baroda.
Which Bank Provides the Lowest Interest Rate for Home Loan in Hyderabad?
So let me share the comparison chart that was chalked by my brother after he compared the home loan interest rates of the below-given 4 banks;
| Bank | Home loan interest rate |
Kotak Mahindra |
8.70% onwards |
HDFC |
8.75% to 9.40% |
ICICI |
8.75% p.a. |
Bank of Baroda |
starts at 8.40%. |
So from this table, he figured out that he would get the lowest home loan interest rates in Hyderabad from the Bank of Baroda.
Keep in mind that these rates can fluctuate so when you want to avail a home loan, it is best to compare the rates of several Banks.
I hope this helps!
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What is Lowest Home Loan Interest Rate in Hyderabad?
Riki
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2024-01-30T10:07:50+00:00 2024-01-30T13:54:13+00:00Comment
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