Lowest Home Loans Interest Rate Starting At 6.50% Offering HFC/https://mortgageloancreditcardinsuranceinvestmentoffer.in/
The Reserve Bank of India’s decision to keep the repo rate at a low of 4% for a year now has resulted in a majority of banks reducing their floating rate home loan interest rates to multi-decade lows. However, some housing finance companies (HFCs) too have reduced their home loan interest rates. Many aspiring home loan borrowers prefer HFCs, which are NBFCs specializing in home loans, over banks that could have relatively stricter norms when it comes to the borrowers’ loan eligibility criteria. HFCs are also known for hassle-free paperwork, but their loan interest rates are usually slightly higher than those offered by banks. However, aspiring borrowers must understand a major difference between bank and HFC floating grate home loans — while bank home loans are linked to an external benchmark like the repo rate, HFCs peg their home loan rates to their prime lending rate. Meaning, banks offering repo-linked home loans could be quicker in transferring rate-cut benefits to their borrowers compared to HFCs.
So, if you’re planning to take a home loan, here are the floating rate home loan interest rates being offered by some of the leading HFCs in the country.
Citi Bank 6.50
ICICI Bank6.75
HDFC Bank6.65
Kotak Mahendra Bank 6.65
LIC Housing Finance Ltd 6.66-7.60
HDFC Ltd 6.75-7.65
Tata Capital 6.9
PNB Housing 7.35- 9.35
Aditya Birla Housing Fin 9-12.
Disclaimer: Data taken from respective bank’s websites on August 20, 2021.
Data compiled by Mortgageloancreditcardinsuranceinvestmentoffer.in, an online marketplace for loans, credit cards,Insurance,Investmet and more.
टिप्पणियाँ
एक टिप्पणी भेजें