Page 2 - Home Loan Rates

State Bank of India, Bank of Baroda reduce home loan rates by 25-45 bps

For new home loans of Rs 75 lakh and above, SBI will charge 6.7 per cent as against the previous 7.15 per cent

SBI reduces home loan rates, standardises them ahead of festive season

It will offer credit score-linked home loans at 6.70% irrespective of the loan amount; distinction between salaried and non-salaried borrowers removed

Kotak Mahindra Bank cuts home loan interest rate by 15 bps to 6.5%

This is a limited period offer, valid for 60 days, beginning September 10

Bank of Baroda cuts benchmark lending rate by 10 bps, makes loans cheaper

The lender's home loan rates now start at 6.75 per cent and for cars at seven per cent after the revision.

ICICI Bank reduces home loan rates to 6.7% effective immediately

However, customers can only avail of this benefit up to the end of this month (March 31, 2021)

Home loan rate cuts didn't dent the margins: Bankers and analysts

Experts don't see further cuts boosting demand, with rates already at record lows

Top headlines: PM Modi receives Covid jab; ATF price raised by a steep 6.5%

Business Standard brings you top news of the evening

Conditions apply: Festive season offers on home loans decoded

In this podcast, Business Standard's Sanjay Kumar Singh demystify the process of choosing your lender. Tune in to know more

SBI increases sops for home loans above Rs 75 lakh in festive push

Offers interest rates starting as low as 6.9 per cent for a home loan of up to Rs 30 lakh and 7 per cent for above Rs 30 lakh

Have a low credit score? Pledge your fixed deposit as security against loan

The benefit of a loan against FD is that it has a lower interest rate

Want to avail of home-loan overdraft? Do it only if you have surplus funds

Savings done by depositing extra money into the home loan overdraft facility should outweigh the higher interest cost charged from you

Planning to take loan against property? Go for overdraft option to cut cost

Interest has to be paid only on the amount used

New home loan rate regime: Shift, if you are getting a much better deal

Just remember, that better transmission will also mean faster increase in home loan rates in a rising interest rate scenario

Floating rate borrowers need easy portability

The external benchmark may not lead to fair pricing as banks can always cut the spread for new customers. But your spread can't change

Different loan benchmarks present a tough choice for home buyers

Banks have 6-month and one-year MCLR; one should choose based on interest rate outlook

GRAPHIC: Make the most of current home loan rates

Shop around and weigh the pros and cons of various offers before deciding on a lender