Personal Finance News

Home Loans and Car Loans are available at Best Interest Rates

This festive season everyone is working especially banks to give best offers to customers so the sale increases.

Public sector has to take a lead on car and home loans which are the two desired and important sectors.

State-owned lender Punjab & Sind Bank offer this lowest rate and the equated monthly instalment {EMI}.

After this there is one more bank followed which is Central Bank of India – that is offering an interest rate of 7.25 per cent.

All top ten slots of lenders offering lowest interest rates are occupied by PSBs, with interest rates ranging from 7.1 per cent to 7.7 per cent.

Then next comes Bank of India with {7.35 percent}.

After this Bank of Baroda with (7.35 percent).

UCO Bank is the tenth on the list with 7.7 percent.

There is a portal which considers all the rates of car and homes loans by various public and private banks.

The data should be on the website and for some bank if data is not visible then it will not be considered.

Banks are listed in ascending order on the basis of interest rate.

EMI is calculated on the basis of Interest rate mentioned in the table.

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