What Is The Equitas Bank Home Loan Interest Rate?

Last year, I took out a home loan from Equitas Bank. I came to know about them while searching for good home loan providers. One of the major reasons I chose this bank was because they provided a loan value of up to 90%, and I required the maximum amount. So, if you are looking for the Equitas Bank home loan interest rate, then I can assist you with that. 

How Much is the Equitas Bank Housing Loan Interest Rate?

When I connected with their support staff and asked for the interest rate, he provided me with an interest rate list. The support staff also told me that the maximum tenure of their home loans is around 20 years, and the maximum amount is Rs. 300 Lakhs.  

I have added that list provided to me below. 

After I applied for the loan, it just took them 14 days to process, and on the 15th day, I started receiving the loan amount. And this is the Equitas Bank interest rates for home loan. I hope you find this helpful. 

Equitas home loan rate of interest

offers home loans with interest rates that can vary based on several factors including the loan amount, tenure, applicant's credit history, and prevailing market conditions.

What is the Equitas Bank Housing Loan Interest Rate?

Typically, home loan interest rates in India are influenced by the Reserve Bank of India's (RBI) monetary policy decisions, inflation rates, economic growth, and competitive pressures within the banking sector.

The home loan interest rate in Equitas Bank ranges from minimum 11.00% to maximum 19.00%

Banks may also offer special schemes or promotions from time to time to attract borrowers.

Equitas Small Finance Bank, being a player in the Indian banking sector, likely adjusts its home loan interest rates in accordance with these broader economic factors. It's common for banks to offer both fixed and floating interest rate options.

Fixed interest rates remain constant throughout the loan tenure, offering stability and predictability in monthly payments, while floating rates fluctuate with market conditions, potentially offering savings if interest rates decrease but also subjecting borrowers to higher payments if rates rise.

This is all about

Equitas home loan rate of interest

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Both salaried and self-employed people can apply for the Equitas Bank Home Loan, which is specifically created to satisfy their housing needs. As I opted for a home loan from Equitas Bank, I can assist you with your query about, “what is the Equitas bank home loan interest rate?”

You should meet the following criteria to apply for this loan:

• Resident type: 

Indian

• Applicant's age: 

21 - 60 years

The Equitas home loan interest rate is 9.0% - 14.5% p.a

Up to 0.2%

1 - 20 years

Valid passport, Voter ID card, Aadhaar card, Pan card, valid driving licence-age proof (anyone): valid passport, voter ID card, Aadhaar card, Pan card, valid driving licence, passport size photo, income proof

I’d like to conclude here as I believe this suffices your query, “what is the Equitas bank home loan interest rate?” I hope this helps:)

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