by Admin Date 20/03/2020
Basically, The Reserve Bank Of India(RBI) has instructed to all the commercial banks expect (regional ruler banks) and also local area banks, small loan banks to link the interest rates of all types of loans including home loans.
Availability of home loans upto rs.10 crore starts with 7.90% per annum with lots of benefits such as terms loans and flexible payback options.
1- State Bank Of India is the largest Mortage Lender in India, which provides over 30 lakhs families to achieve the dream for buying or plotting home.SBI provides Home loans with the lowest EMI and Highest eligibility upto 2.67 lakhs Subsidy from government.Max tenure 30 years 30 years.SBI charges low processing fee,low EMI,easy documentation.
2- Central Bank provides Home loan interest starts from 8.00% per annum to 9.30% per annum with highest loan tenure of 30 years.You can also avail Central Bank Home loan amount up to rs. 30 lakh. The Central Bank offers a maximum moratorium period up to 36 months.
3- United Bank of India provides Home loan interest rate starts rate from 8.00% to 8.15% with excited discount rate for loan amount.United Bank Of India's home loans processing fees up to 0.59%(minimum rs.1,180 and maximum rs.11,800) and the prepayment charges are NIL for floating rate loans.
4- Bank Of India provides Home Loan interest rate starts from 8.10% per annum onwords with loan tenure of 30 years. The Bank of India's Home loan can be avail for maximum amount of up to five crore.The loan application processing fee levied by Bank of baroda on housing loans starts from0.25% of the loan amount.
5- Bank Of baroda provides Home Loan interest rates starts from 8.00% to 8.05%, with special discount rates for specific category housing loans, with loan tenure of 30 years. .Bank of baroda provides lowest home loan rate and also allowed the prepayment charges are NIL for floating rate loans.Bank of Baroda offers Lowest EMI on the loan amount by the bank is per lakh is rs. 734.housing loan EMI in Bank of baroda is calculated based on loan amount loan tenure and interest rate.
6- Union Bank provides Home Loan interest rates starts from 8.20% per annum with flexible loan tenure of 30 years.You can also get home loan financing of up to rs. 25 lakh and you can get a financing of up to 80% of the total of the cost of property with the facility to get lowest EMI on the loan amount by the bank is per lakh is rs. 783 housing loan EMI and also ensures a flexible repayment period.
7- HDFC offers home loans with EMIs starts from rs. 734 per lakh and interest rate starts from 8.00% per annum. HDFC also provides you legal and technical counselling to help you make the right home for buying decision HDFC Bank which one of the largest bank in india which has cut in rates come after state Bank of Indiaand Loan amount processing fees is up to 1.5% of loan amount (minimum rs.3,000).Prepayment charges or foreclosure charges are 0% to 21%.
8- Axis Bank offers home loans to eligible customers with interest rate starts at 8.40%per annum to 11.75% per annum on floatinf rate loans and 12% per annum on fixed rated home loans.The home loan tenure can be extended from up to 30 years and in the case of fixed rated loans in 20 years,The processing fee on loan amount up to one percent of the loan amount(minimum rs. 10,000) of which rs.2,500 with GST for paying upfront at the time of loan application login.
9- Canara Bank offers home loans interest rate starts from 8.05% per annum for women and 8.10% per annum for others with loan tenures of up to 30 years.Loan amount of home loan is minimum not applicable but maximum is 6 times of gross salary and the processing fee on loan amount is up to 0.50% means maximum rs. 10,000. Canara bank allowes with NIL charges for floating rate loans on loan amount.
10- Allahabad Bank offers home loans interest rate starts from 8.50% per annum with loan tenures upto 30 years and lowest EMI offered by Allahabad bank is rs. 852 at rs. lakh.House loan EMI of Allahabad bank is calculated based on loan amount and highest loan tenure and interest rate.Home loan EMI is fixed monthly installment paid by borrowers to Allahabad banks against the loan taken for payback of your loan amount and also the payment of interest to the bank.