Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.

These 10 Banks are Offering Lowest Home Loan Interest Rates, Compare and Buy

If you are planning to buy a home loan then you should be aware of many things like repayment period, hidden charges (if any), total cost before and after the interest rate, the interest rate itself, etc. Furthermore, your home loan offer including the borrowing amount and applicable interest rate will be determined by repayment capacity. Here your credit score will be playing a major role in getting you the best offer. The more it will be close to 900, the more lucrative offer you will get reducing your interest rate burden.

However, you should also analyse and compare the home loan offers of multiple banks or lenders to get the best deal. Buying a home loan without comparing the interest rate can cost a large chunk of money over time. As this is the type of loan which a person purchases once in a lifetime because of the number of years it takes to repay it.

Offering Lowest Home Loan Interest Rates

Home Loan- A Toughest of its Type

A bank before approving a home loan considers all the important factors that can become your liability while repaying the loan. Your credit score, age, qualification, job security, your spouse‚Äôs income, total assets and overall liabilities are the factors that lenders look upon seriously. But after analysing all these terms if you are found eligible then the next intelligent thing would be to look for the cheapest interest rate offering lender. So, let’s compare now.

Compare the Home Loan Interest Rates for 2023 of These 10 Major Banks

BankRLLR in %Minimum Interest rateMaximum Interest rate
Union Bank of India9.308.75%10.5%
UCO Bank9.308.45%10.3%
Punjab National Bank9.258.8%9.45%
Kotak Mahindra Bank8.85%9.35%
IndusInd Bank8.4%9.75%
Indian Bank9.208.45%9.1%
IDBI Bank9.108.75%10.75%
HDFC Bank8.45%9.85%
Bank of Maharashtra9.308.6%10.3%
Bank of Baroda9.158.5%10.5%

Also read:

ITR Filing 2023: What is Form 16 For Salaried Individuals?

What is EMI?

The full form of EMI is Equated to Monthly Instalments. The EMI payment method is a revolutionary way to purchase expensive things at once and pay the amount in several small instalments over predetermined tenure. EMIs are deducted on a specific date each month until the entire loan including the interest rate is repaid.

Find Your Daily Dose of NEWS and Insights - Follow ViralBake on WhatsApp and Telegram

Rishabh Sharma

Rishabh is an experienced content writer and editor, he is working for Viralbake to cover a diversified range of categories. His articles mainly focus on providing information, being a travel guide, educating others, and also making people aware of technology, after all, he is a technophile. When not writing he can be found gaming, watching movies, and travelling.

Related Articles

Back to top button

AdBlocker Detected

Please Disable Adblock To Proceed & Used This Website!