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Diwali 2020: Planning to Buy New House? These Banks are Offering Cheapest Home Loan; Complete Details Here

Pronami Chetia
Pronami Chetia

Cheapest Home Loan Interest Rate: The festive season is about to start. If someone is thinking of getting a new car or planning to buy a new home or thinking of getting a new house and planning new things this Diwali then you have a good chance and we have a good news for you.

Since the interest rates of banks have shifted to the external benchmark since October 1, the loans are turning much cheaper than before. Apart from this, banks have also launched many attractive offers in view of the festive season (Home Loan Offers). Under which many types of discounts are being given on loans.

Let's know about the 10 banks which are offering home loans at the lowest interest.

Union Bank of India

Union Bank of India is currently offering home loans at the lowest interest rate. From this bank you will get a home loan at an interest rate of 6.70 percent. However, the maximum loan interest rate is 7.15 per cent. Apart from this, on the total loan, you have to pay 0.50 percent processing fee, which will be a maximum of 15 thousand rupees.

Bank Of India

Bank of India is offering home loans at 6.85%. Here you have to pay 0.25% processing on the total loan amount, which ranges from Rs 1,500 to maximum Rs 20,000. The maximum interest of this bank is 7.15%.

Central Bank Of India

In the Central Bank of India, you will get a home loan at the rate of 6.85%. As a processing fee, you will have to pay 0.50 percent of the total loan amount. The maximum limit has been fixed at Rs 20,000. You will get a home loan here at a maximum of 7.30%.

Canara Bank

Canara Bank is offering home loans at the rate of 6.90%. The total amount will be 0.50 percent processing fee, which can be up to a maximum of Rs 10,000. Canara Bank has a maximum interest rate of 8.90%.

Punjab & Sind Bank

Punjab and Sindh Bank is also offering you a home loan at the rate of 6.90 percent, which goes up to a maximum of 7.25 percent. The best thing is that this bank is not charging processing fees and inspection charges. That is, at least 10-15 thousand rupees can be saved easily.

Other Banks' Interest Rates

SBI 6.95% - 7.10%

HDFC Bank 6.95% - 7.10%

ICICI Bank 6.95% - 7.60%

PNB 7.00% - 7.60%

Bank of Baroda 7.25% - 8.25%

UCO Bank 7.15% - 7.25%

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