Good News| Home loan rate 8% or below, Maximum bank offering lower interest rate to borrowers
Buying a house is now easier and cheaper, Reserve Bank of India Policy in 2025, here I show you home loan interest rates all banks, RBI has already announced a 50 basis points cut in repo rate,
Lowest interest rates on home loans
Below are the names of some of the banks that will offer the lowest interest rates, only eligible customers will get this interest rate? Those who do not fall under this will get a higher rate of interest.
Your home loan EMI is divided into two parts, one part is the principal and the other part is the interest amount.
Type of interest rate fixed or floating
Fixed rates of interest are usually slightly higher than floating rates of interest, although floating rates are not always the same.
Again, in many cases, if your property is in a prime location and has a high resale value, then your home loan interest rate may be lower.
Home loan interest rate also depends on your profession; if you are a government employee then your home loan interest will be a little lower than others.
Home is a dream for everyone; it is entirely up to you which bank you take a loan from to build that dream home. Below are the names of some home loan provider banks.
Which factors affecting home loan EMI?
According to the Ujjivan Small Finance Bank website, some important factors are discussed below.
The home loan interest rates all banks, EMI is calculated on a loan of Rs 30 lakh for 20 years.
Lender | Type | Lowest Rate (% | EMI for 30 lakh loan |
Canara Bank | Public Sector Bank | 7.80% | 24,720 |
Bank of Maharashtra | Public Sector Bank | 7.85% | 24,810 |
Central Bank of India | Public Sector Bank | 7.85% | 24,810 |
Union Bank of Indi | Public Sector Bank | 7.85% | 24,810 |
Indian Bank | Public Sector Bank | 7.9 | 24,900 |
Indian Overseas Bank | Public Sector Bank | 7.9 | 24,900 |
Bank of Baroda | Public Sector Bank | 8 | 25,080 |
Bank of India | Public Sector Bank | 8 | 25,080 |
State Bank of India | Public Sector Bank | 8 | 25,080 |
Punjab National Bank | Public Sector Bank | 8 | 25,080 |
Banks usually check your creditworthiness by looking at your credit score, a credit score above 750 means a good credit score, and below 750 means a bad credit score. In that case, the bank may charge higher interest.
