SBI vs BoB vs PNB vs HDFC Bank – in Which Bank is the Cheapest Home Loan Available, see the list here
Festive Season: Many banks have announced discounts on home loans. Under this, the cheapest home loan is available at initial interest rate of 8.35 percent.
Every person wants to buy a house. To accomplish this, people also take home loans along with savings.
When you take a home loan, you have to make payments every month. Everyone wants us to pay minimum interest on loan.
For this, the interest rate on home loan should be minimum. In this article we will discuss home loan interest rates in the country’s largest banks, SBI, PNB, BoB and HDFC Bank.
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SBI Bank
The largest government bank of the country is SBI. Home loan in SBI is available at an initial annual interest rate of 8.4 percent under festive offers.
The typical interest on home loan in SBI starts from 9.15%. Top-up home loan interest rates also start from 8.9 percent.
PNB
Under the special offer in Punjab National Bank, home loans are available at an initial interest rate of 8.4 percent.
Festive offers include zero processing fees and waiver on upfront payment. These facilities can be availed till November 30, 2023.
HDFC Bank
Hdfc Bank has also issued a festive offer on home loan, which gives home loan at an initial interest rate of Rs 8.35.
The usual interest rate on HDFC home loan is 8.75%. Under the offer, 50 percent discount is also given on the procedure.
Bank of Baroda (BoB)
Bank of Baroda has also issued special offers under festive offers, in which the loan is available at an initial interest rate of 8.4 percent. Apart from this, upfront payment and zero processing fees are also available.
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