Save lakhs on home loans: Compare best rates from top banks
Top banks offer competitive home loan rates, with Canara Bank and Union Bank of India starting at 7.3 percent interest, while HDFC Bank starts at 7.4 percent interest for a 20-year loan tenure.
This festive season, seize attractive home loan offers from banks with zero processing fees and lower interest rates. Compare the best rates now to save lakhs and make an informed decision.
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Interest rates for a Rs 50 lakh home loan with a 20-year tenure vary between 7.3 to 9 percent across top banks, as per Bankbazaar.com data as of October 3. For this list, top banks by aggregate advances, based on RBI data, have been considered. However, actual rates may differ based on individual factors like credit score and income.
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Canara Bank and Union Bank of India are offering the lowest home loan interest rates among public sector banks, starting at 7.3 percent, with an EMI of Rs 39,670 for a Rs 50-lakh loan over 20 years.
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Bank of Baroda offers home loans starting at 7.45 percent rate, with an EMI of Rs 40,127 for a Rs 50-lakh loan spanning 20 years.
