What is the Home Loan Rate of Interest in Post Office?

Quite recently, while I was having a discussion with my father, he told me that India Post Payment Bank will be offering home loans to more than 4.5 crore customers. This comes after IPPB joined hands with both HDFC and LIC. As I wasn’t aware of this, I asked him about the Indian post office loan interest rates. Here is what he told me.

What is the Post Office Home Loan Interest Rate 2024?

• He said that, IPPB has partnered with leading financial institutions like HDFC Bank, Axis Bank, LIC, etc.

• According to him, this collaboration utilises IPPB's extensive network of 650 branches and over 136,000 banking access points to ensure swift and hassle-free home loan processing.

• My father also said that the interest rates offered by IPPB, LIC Housing Finance, and HDFC Bank are subject to various factors, including the borrower's credit score.

I was going through the answer provided by Kaveri and learned that, the home loan interest rate in post office start as low as 6.66% are offered to salaried individuals seeking loans up to Rs 50 lakh. While the base rate starts at 6.66%, the final rate may vary based on individual circumstances. 

And these are the points that he mentioned about the Indian post office loan interest rates. I hope this helps.

My uncle wanted to get a home loan from the post office and was enquiring about post office loan interest rates. I used to accompany him to banks for the same, so I can help you with the rates.

There are different types of post offices that offer loans. I will tell you about IPPB and LIC home loans.

What is IPPB Home Loan Interest Rate?

IPPB offers all the assistance required to get a home loan quickly and with minimal paperwork. Their lending partners are HDFC Bank, Axis Bank, Homefirst & Aadhar Housing Finance. 

• As far as I know, India Post Payments Bank (IPPB) and LIC Housing Finance have partnered to offer the latter's housing finance solutions to its 4.5 crore clients.

• If you want to know the home loan interest rate post office, I must tell you that

  for salaried persons, LIC Housing Finance offers house loans with interest rates as low as 6.66 per cent up to Rs 50 lakh.

• The statement stated that IPPB will provide its customers throughout India with access to LICHFL’s home loan products. It will be done through its vast network of 650 branches and more than 136,000 banking access points.

So, if you want to get a home loan through a post office bank and want to know the home loan interest rate in post office, then you can opt for IPPB or LIC HFL.

I recently came to know that Post Payments Bank (IPPB) will offer home loans to all people all across the world from a newspaper. The7 will be offering the home loan through 1.9 lakh postmen and gramin dak sevas. In fact, HDFC has joined them. Both are planning to offer housing loans to about 4.7 crore customers. You must be wondering what is going to be the

post office home loan interest rates now. They have shared details about it as well. Let me share all the details I have knowledge of about post office home loans here.

Both IPPB and HDFC banks are aiming to

• Provide the facility of home loans all across India. It will use its 650 branches and more than 1.35 lakh banking access points to get it done

• IPPB will be using its wide network while HDFC will be providing its technical. Credit processing and other facilities to ensure that loan is given in all places even in remote areas

IPPB and LIC will also be coming together. They will be providing home loan products to over 4.5 crore customers of IPPB. If you are wondering what is the home loan rate of interest in post office and LIC, learn that it will be starting from 6.66%. But the rate will mainly depend on the credit score of the borrower.  

It will be better to visit your nearest post office and ask the officials about it. The rate will not be the same everywhere. So if you want to know the exact post office home loan interest rates, visit your post office.