The best banks with low interest rates on home loans..!
BANK OF INDIA’ target=”_blank” title=”reserve bank of india-Latest updates, photos, videos are just a click away, CLICK NOW’ > Reserve Bank of India (RBI) on May 4th increased the repo rate to 0.4% from 4 % to 4.4%. Here is a list of companies offering low interest home loans, as many banks have advertised higher interest rates for home loans.
Bank of Maharashtra: Bank of Maharashtra offers home loans ranging from a minimum of 6.4% to a maximum of 7.8%.
Punjab & Sind Bank: Punjab & Sind Bank offers home loans from a minimum of 6.5% to 7.35%.
Bank of India: Bank of India offers a minimum of 6.5% to a maximum of 8.2%.
Punjab National Bank: Punjab National Bank offers a minimum of 6.5%. home loans offer up to 7.65%.
Kodak Mahindra Bank: Kodak Mahindra Bank offers home loans ranging from a minimum of 6.6% to 7.1%.
If the repo interest rate becomes low and reduced, the RLLR interest rate also decreases and automatically the interest rate on loan programs decreases. That is, the RLLR interest rate will increase if the repo interest rate increases, and the loan interest rate will also increase.