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Bank home loan News

10 Nov 2022

Bank of India reduces home loan interest rate: Check new rate, EMI calculator

The current interest rate is 8.30 per cent per annum. The Bank of India also eases the approval process of the loan. The applicant will get the facility of an overdraft.

Reserve Bank of India

30 Sep 2022

RBI raises repo rate by 50 bps: Buying home set to get costlier, say experts

RBI today raised the benchmark lending rate by 50 basis points to 5.90 per cent Earlier, RBI had hiked rate by 40 bps in May and 50 bps each in June and August With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank is now close to 6 per cent.

05 Jun 2022

Low EMI Home Loan: HDFC vs SBI vs LIC HFL vs Kotak vs Union Bank interest rate

HDFC, State Bank of India, Kotak Mahindra Bank, Union Bank, and Bank of Maharashtra are currently offering home loans at lowest interest rates.

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