While applying for a home loan, it is important to look at the interest rates provided by each bank to analyze and determine which one is the best to go to. These days, banks and financial institutions offer various schemes and discounts to apply for a home loan with them. So how do you know which are home loan lowest interest rate banks? You can do that by reading my answer. I get around 5 calls everyday from different banks offering home loans and all sorts of loans. Since I am interested in buying a house 2 years down the line, I was looking for this information. So here you go!
Lowest home loan rates in India 2021-2022| Banks | Starting Interest Rate (p.a.) | Processing Fees |
Kotak Mahindra Bank |
6.55% |
0.50% |
Bank of Baroda |
6.50% |
Rs. 8,500 - Rs. 25,000 |
Bank of India |
6.85% |
Rs. 1,500 - Rs. 20,000 |
State Bank of India |
6.75% |
0% - 0.35% |
HDFC LTD |
6.70%* |
Rs. 3,000 - Rs. 5,000(plus taxes)* |
LIC Housing Finance |
6.90% |
Rs. 10,000 -Rs. 15,000 |
Axis Bank |
6.90% |
Rs. 10,000 |
Canara Bank |
6.90% |
Rs. 1,500 - Rs. 10,000 |
Punjab National Bank |
6.50% |
0.35% (Max Rs. 15,000) |
IDBI Bank |
6.75% |
0.50% (Rs. 2,500 - Rs.5,000) |
HSBC Bank |
6.64% |
1% (Rs. 10,000) |
Karur Vysya Bank |
7.20% |
Rs. 5,000 |
Tata Capital |
6.90% |
0.50% |
Yes Bank |
8.95% |
1% (Rs. 10,000) |
I think this should give you an idea about
who has the lowest home loan rates.
Before applying for a home loan with any bank, you must consider that banks looks at a few criteria before deciding whether to give you a home loan or not. The factors considered include:
Age
Credit worthiness
Previous loans
Property worth
Residency status
I hope this gives you enough information on
home loan lowest interest rate banks.
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Authors Of The Question
Who has the lowest home loan rates?
Sanat
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2 Year
2021-12-30T14:10:23+00:00 2021-12-30T14:11:45+00:00Comment
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