Thursday, October 1, 2020
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Union Bank 6.7 and Bank of India are offering home loans at 6.85% interest, knowing which bank will be beneficial for you

LIC Housing Finance is offering home loans at 6.90% per annum interest
SBI is offering home loans at 6.95% per annum interest




Property prices have fallen in the Corona Crisis. That is why if you are planning to buy a house, then this may be the right time. Apart from this, home loan interest rates have also come down to their lowest level. Many financial institutions including Union Bank and LIC Housing Finance Limited are currently giving loans at less than 7% interest. We are telling you about the home loan interest rates of similar banks. You can apply for loan in any of these as per your convenience.




Also Read: Swiggy launches new service, ration items will reach home within 45 minutes




Know which bank is offering loan at what interest rate

BankInterest rate ( % )Processing fee
Union Bank of India6.70 – 7.150.50% of loan amount (10 thousand rupees maximum)
Bank of india6.85- 7.750.25% of loan amount (20 thousand rupees maximum)
LIC Housing Finance6.90-7.00Not sure
Canara Bank6.90 – 8.900.5% of loan amount (10 thousand rupees maximum)
Bank of baroda7- 8.500.5% of loan amount (25 thousand rupees maximum)
State Bank of India6.95- 7.500.5% of loan amount
ICICI Bank6.95- 8.050.5-1%
Bank of Maharashtra7.05- 8.450.25% of loan amount (25 thousand rupees maximum)
Punjab National Bank7.00- 7.600.35% of loan amount (15 thousand rupees maximum)
Central bank6.85- 9.050.5% of loan amount (20 thousand rupees maximum)
Indian Bank7-8Not sure




If you take a loan at 7 percent interest, how much EMI will you have to pay?

Home loan amount30 lakhs
Period20 years
EMIRs 19,382
Gross interest25,82,152 Rs.
Total payment55,82,152 Rs.

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