New Delhi. It is everyone’s dream to buy a house, but not everyone has enough money to buy a house. So many people resort to home loans. The favorite house can be taken in installments through home loans. However, interest may also have to be paid along with the principal amount.
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Recently, after the RBI cut in the repo rate, the home loan interest rate in many banks has increased to 7.50%. However, some banks have not yet revised the interest rate. But today we will talk about such banks in which the interest rate is less than 7.50 percent.
Keep in mind that the loan period in the list of banks below is 20 years and the loan amount is 30 lakh rupees.
7.35% is currently three banks with home loans at interest. These include Bank of Maharashtra, Central Bank of India, Indian Overseas Bank, Union Bank of India. All these banks are giving home loans at minimum 7.35 percent. However, the loan interest rate also depends on many more facts such as CIBIL score, income source and loan capacity.
At the same time, a home loan is being offered by Canara Bank at 7.40 percent.
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How much will EMI be?
Bank eMI
Bank of Maharashtra ₹ 23,893
Central Bank of India ₹ 23,893
Indian Overseas Bank ₹ 23,893
Union Bank of India ₹ 23,893
Canara Bank ₹ 23,985
Due to normal interest rate, EMI is also bean due to normal interest rates in Affection of Maharashtra, Central Bank of India, Indian Overseas Bank, Union Bank of India.
How much will be processing fees?
Bank processing fees
Bank of Maharashtra more than 0.25%
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Canara Bank of India 0.50% + GST
Indian Overseas Bank up to 0.50%
Union Bank of India 0.50%+ GST
Canara Bank 0.50%+ GST
Among all the banks, Bank of Maharashtra and Indian Overseas Bank have the highest processing fees. Of these, this is 25 thousand rupees. Apart from this, Canara Bank is a minimum of Rs 1500 and a maximum of Rs 10,000. Along with this, the processing fee in Union Bank is 15 thousand rupees.
