Home loan rates are at an all-time low. Check latest offers by SBI, ICICI, BoB, Kotak Mahindra and others

 State Bank of India (SBI), ICICI Bank, Punjab National Bank (PNB), Kotak Mahindra, Bank of Baroda (BoB), and Yes Bank are offering a tempting discount on home loan interest rates ahead of the festive season. For the first time, India's largest lender, State Bank of India, has offered credit score-linked home loans at just 6.70 percent, regardless of the loan amount. Previously, a borrower who took out a loan for more than 75 lakh had to pay a 7.15 percent interest rate. "We are thrilled to announce the introduction of our holiday offer for potential home loan customers. In general, concessional interest rates apply to loans up to a particular amount and are also tied to the borrower's profession.This time, the offers are more inclusive, and they are offered to all segments of borrowers, regardless of the loan size or the borrower's profession. Balance transfer instances are also eligible for the 6.70 percent home loan offer. We anticipate that over the holiday season, $0 processing fees and low loan rates will make homeownership more affordable. SBI's Managing Director (Retail & Digital Banking), C.S. Setty, had stated.

Punjab National Bank has lowered the interest rate on home loans worth more than 50 lakh rupees by 0.50 percent to 6.60 percent. According to the Bank, public sector banks have the lowest home lending rates.

On new home loans and balance transfers from other banks, ICICI Bank customers can get an attractive interest rate (repo rate linked) starting at 6.70 percent and a processing fee starting at 1,100 rupees.

Yes Bank has stated that over the festive season, it will reduce home loan rates to 6.7 percent per annum for a limited time. For prospective salaried women house purchasers, the Bank's 90-day offer gives an additional 0.05 percent bonus (the interest rate is 6.65 percent).

HDFC, a mortgage lender, has also announced a limited-time offer for the upcoming festival season. Customers can get HDFC home loans starting at 6.70 percent per year with this exclusive offer.

Conclusion

There's no need to be discouraged if your personal loan application is turned down. To boost your chances of loan approval, simply work on improving your credit report and following the methods outlined above. Once you've completed this checklist, you're ready to submit your personal loan application.To find about the best pricing and deals, call our toll-free number +91-9477079053. They'll help you in every way they can. Please contact me at Best Home Loan In India if you have any more.

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