Home loan Interest Rates can vary from bank to bank and even from person to person. Factors such as credit score, income, tenure, and MCLR can all affect the interest rates offered. That’s why it’s important to compare the interest rates offered by various banks for loans above 75 lakhs. Below is a comparison list of private banks versus government banks.
It has been noticed that there has been a significant increase in the number of people taking home loans in recent times. This is because building or buying a house requires a huge amount of money, and loans have become the most preferred option.
The interest rates on these loans depend on various factors such as the borrower’s CIBIL score, income, loan tenure, loan-to-value ratio, MCLR, RLLR, etc. Therefore, it is advisable to apply for a loan only after considering all these factors.
If you are planning to take a loan above 75 lakhs, it is essential to check the interest rates offered by different banks. Private sector banks charge interest rates on loans ranging from 8.35% to 14.85%.
Home Loan Intrest Rates 2024
| Name of the Bank | Interest Rates on HomeLoan – From Starting |
|---|---|
| Kotak Mahindra Bank | 8.70% |
| ICICI Bank | 8.75% |
| Axis Bank | Between 8.70% to 9.10% |
| HSBC Bank | 8.45% |
| South Indian Bank | Between 9.84% to 11.69% |
| Karur Vysya Bank | Between 8.95% to 11% |
| Karnataka Bank | Between 8.58% to 10.58% |
| Federal Bank | 8.80% |
| Dhanalakshmi Bank | Between 9.35% to 10.50% |
| HDFC Bank | 8.35% |
Make the most of the bank’s exclusive home loan offers by visiting their official website or reaching out to a nearby branch. Don’t miss out on the opportunity to secure your dream home with the latest deals and promotions.