Soucre: Paisabazaar.com. While SBI and BoB are offering home loan interest rates ranging from 8.40 per cent to 10.15 per cent for loans up to Rs 30 lakh, PNB’s rates vary from 8.55 per cent to 10.25 per cent. Notably, Canara Banks is offering an additional 5 bps concession for takeover/ready-to-move home loan proposals and a 5 bps concession
Floating house loan nterest rates follow the prevalent market rates. When the interest rate drops, your home loan EMI also drops. Benefits Floating Home Loan Rates. Lower Interest Rates : Floating home loan rates are typically 1% to 2.5% lower than fixed rates (from the same lender). This can help you save money each month on EMIs. HDFC Bank Home Extension Loan Highlights. Interest Rate: 8.50% p.a. onwards: Loan Amount: 75% – 90% of the property cost: Loan Tenure: Up to 30 years: Processing Fee: Up to 0.50% of the loan amount or Rs. 3,000 + GST Under this method, borrowers can replace their existing loan with a new loan that has better terms like lower interest rates and shorter tenure. Here also, borrowers have to pay a processing fee The rate of interest being offered is 5 bps lower than the normal home loan rate. The rates under the 'Women Power' home loan are: Self-employed professional individuals - 6.95% p.a. to 7.45% p.a. Self-employed non-professional individuals - 7.10% p.a. to 7.60% p.a. The home loan will depend on factors such as the women's ownership of property