LIC, SBI, HDFC and PNB home loans: Check top offers with up to 0% processing fees
SBI has recently rolled out its ‘Monsoon Dhamaka’ offer wherein the lender is offering home loans at a 0% processing fee till August 31.
New Delhi: Despite the high inflation rates, top lenders in India are offering home loans at lower interest rates, thanks to the Reserve Bank of India’s (RBI) monetary policy committee’s decision to keep the repo and reverse repo rate unchanged.
The decision is proving to be helpful for many planning to buy homes at lower interest rates. At present Life Insurance Corporation’s (LIC) lending arm Housing Finance LTD (LIC HFL) is offering home loans at the lowest interest rates.
LIC HFL home loan interest rate
SBI home loan interest rate
State Bank of India (SBI), the largest state-owned bank in India, is also offering home loans at attractive interest rates. At present, SBI is offering home loans with a floating interest rate of 6.7% to 7.5%, with a maximum repayment period of 30 years.
Moreover, SBI is recently rolled out its ‘Monsoon Dhamaka’ offer in which the lender is offering home loans at a 0% processing fee.
HDFC home loan interest rate
If you’re planning to buy a home in the coming weeks then you can also opt for HDFC Bank as your lending partner. The most valuable Indian bank is offering home loans at a floating interest rate of 6.75% to 8.00%. However, unlike SBI, HDFC is currently charging 0.5% processing fees up to Rs Rs 11,800 on home loans.