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Where you will find SBI, HDFC, ICICI or BOB Best Deal of Home Loan, know here

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new Delhi. If we tell you that in this era of Coronavirus Era, buying a house will be good and beneficial for you, then you will consider it a joke. But this is not a joke at all. Recent reports have shown that the price of residential houses of the country has seen a decline. The icing on the cake is that home loan interest rates have reached a 15-year low at the present time. We are going to tell you that how much banks like State Bank of India, HDFC Bank (HDFC Bank), ICICI Bank, ICICI Bank, Bank of Baroda in the top banks of the country. Offering cheap home loans.

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RBI has consistently dropped policy rates
The Reserve Bank of India has consistently slashed policy rates. The last time the RBI has seen the repo rates fall by 40 points. In this falling interest rate regime, almost all major banks including State Bank of India and HDFC Bank have cut their home loan rates quite well. Some banks have cut this to 7 percent. Experts also say that before choosing a home loan option, not only consider low interest rate as the basis, but also check the bank creditability. At the same time check your credit score as well. However, the option of lowest interest rates is available to those who have the best credit score. Some banks consider 700 which are some 750 to 800 credit score as benchmark.

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State Bank of India interest rates
Current Interest Rate: 7 percent
Home Loan: 25 lakh rupees
Tenure: 20 years
EMI: 19,382 rupees
Total interest: 21,51,794
Total Payment: 46,51,794

HDFC is taking so much interest
Current Interest Rate: 7.35 percent
Home Loan: 25 lakh rupees
Tenure: 20 years
EMI: 19911 rupees
Total interest: 22,78,677
Total Payment: 47,78,677

ICICI Bank has such rates
Current Interest Rate: 8.10 percent
Home Loan: 25 lakh rupees
Tenure: 20 years
EMI: Rs 21,067
Total interest: 25,56,046
Total Payment: 50,56,046

Take a look at these banks too

Names of banks Home loan interest rates (in percent)
Union Bank of India 6.70
Bank of india 6.85
Central bank 6.85
Canara Bank 6.90
Punjab and Sindh Bank 6.90
Uco bank 6.90

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