Planning to buy a home? Check financers with lowest interest rates on home loans

Life Insurance Corporation Housing Finance LTD (LIC HFL) is offering the lowest interest rate on home loans among other mortgage lenders in India.

Zee Media Bureau | Jul 03, 2021, 20:33 PM IST

New Delhi: The COVID-19 pandemic proved to be a blessing in disguise for many who are looking to buy new homes or make an investment in real estate because interest rates on home loans are at their all-time low.

Currently, Life Insurance Corporation Housing Finance LTD (LIC HFL) is offering the lowest interest rate on home loans among other mortgage lenders in India. Besides LIC HFL, SBI Bank, HDFC Bank, ICICI Bank, and other public and private sector lenders are offering attractive interest rates on home loans.

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LIC HFL home loan

LIC HFL on Friday announced that the lender has cut the interest rates on home loans to 6.66 per cent for homes worth up to Rs 50 lakh.

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SBI home loan

State Bank of India (SBI) is offering home loans at a floating interest rate of 6.7% to 7.5%. The largest public sector bank is offering home loans with a maximum repayment period of 30 years.

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HDFC home loan

You can avail HDFC home loan at a floating interest rate of 6.75% to 8.00%. The bank charges a processing fee of 0.5% on home loans up to a maximum of Rs 11,800.

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Union Bank home loan

Union Bank is offering home loans at a floating annual interest rate starting at 6.8%. The bank is offering a minimum home loan of Rs 25 lakh.

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PNB Housing home loan

Punjab National Bank’s mortgage lending arm - PNB Housing - is providing home loans at a floating annual interest rate starting from 7.35%.

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