Choosing a good and affordable home loan can be a tough task, especially for those who dream of owning their own home and have basic English skills
In our country, there are many government and private banks that offer home loans. These banks provide different facilities and interest rates based on the needs of the people who take home loans.
Let’s take a look at some big and special banks in the country and the special festive offers they have for home loans, which means you can get a home loan at a discounted rate during this special time.
Bank of Baroda: Under Bank of Baroda’s festive home loan offer, you can get loans starting from 8.40 percent.
They have special interest rates for government projects or fully completed projects with takeover cases.
Women loan holders can also get special interest rates. Salary account, business account, and family account holders can enjoy lower interest rates.
You can also benefit from concessional upfront fees and zero processing fees.
State Bank of India (SBI): SBI, the country’s largest government bank, is offering home loans with zero processing fees and concessional interest rates.
HDFC Bank: HDFC Bank, the largest private bank in the country, is offering home loans at an interest rate of 8.35 percent. They are also providing a 50 percent discount on processing fees.
Central Bank of India: Central Bank of India is offering home loans at an interest rate of 8.35 percent, and there are no processing charges or prepayment charges.
Punjab National Bank (PNB): PNB customers can get a home loan at an interest rate of 8.40 percent.
They can enjoy zero processing fees, documentation charges, legal charges, and valuation charges in case of a home loan takeover.
IndusInd Bank: IndusInd Bank customers can choose a repayment tenure of 30 years, and special offers are available for NRI customers.
Canara Bank: Canara Bank is offering home loans at the rate of 8.40 percent and providing special festive benefits with zero processing and documentation charges.
Axis Bank: Axis Bank is waiving up to 12 EMIs for select home loan products.
Union Bank: Union Bank customers can get a home loan with zero processing fees.
Bank of India: Bank of India is charging an interest rate of 8.30 percent for home loans and also offers a zero prepayment facility.
For those taking a home loan for the first time, it’s essential to pay attention to the interest rates, processing fees, prepayment charges, EMI waivers, and documentation charges of different banks.
By considering these factors, you can choose the best home loan for yourself.