This festive season is the right time to buy a new house or new infrastructure because the interest rates and discounts are huge around this time.
This is the right time to transfer the loan to another lender.
Kotak Mahindra Bank is ahead in the race of providing best interest rates with 6.75 per cent.
In the cheapest loans list on the top, there are all the public sector banks and clearly they have won.
Union Bank of India is a close second with interest rates starting at 6.8 per cent.
Bank of Baroda (BoB), Bank of India (BoI) and Central Bank of India’s home loan rates start at 6.85 per cent.
Interest rates from all ten lenders on the list are below 7 per cent.
The largest bank of India which is the state bank of India the interest rate is 6.9 per cent.
HDFC – also charges 6.9 per cent interest on its home loans.
Home loan interest rates are at extremely good levels but is also depends on your credit score loan amount and also on what work you do.
What bank to choose in these matters is up to individuals choice and according to their bank preference.
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