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Home Loan Interest Rates: Whenever the Reserve Bank of India (RBI) changes the repo rate, the home loan rates of commercial banks change. The home loan available to a person depends on his age, qualification, income, dependence on the person, stability and the value of the property you want to buy against the loan. Apart from this, the home loan also depends on which bank you are taking it from. Let’s know about 10 such banks which are providing cheapest loans.
These banks will get the cheapest home loan
HDFC Bank tops the list of cheapest home loan providers. HDFC Bank offers home loans to its customers at a minimum interest rate of 8.50%, Indian Bank 8.50%, Punjab National Bank 8.50%, IndusInd Bank 8.50% and Bank of India 8.50%.
Here you will get home loan at the rate of 8.70%
On the other hand, IDBI Bank offers home loans to its customers at a minimum interest of 8.50%, Bank of Baroda at 8.60% and SBI Term Loan at 8.70%. Apart from this, Union Bank of India offers home loans to its customers at a minimum rate of 7.70%.