A Guide to Low-Interest Home Loans from HDFC, PNB, and Others

Customers may get home loan services from any bank. It is important to know the current interest rates given by all banks, including the six big ones if you are thinking about applying for a house loan. Right now, these banks are offering some of the most affordable house loans.

Banks Offering Low-Interest Home Loans

1) Bank Of India

The Bank of India is presently providing the most affordable choice for a house loan. The interest rates offered by the bank start at 8.30 per cent yearly. Clients are eligible for loans up to 90% of the property value, with terms up to 30% longer than the initial loan. The bank also provides its customers with overdraft and home loan balance transfer services.

2) Bank HDFC

The biggest private bank in India, HDFC Bank, provides excellent house loan choices. The interest rates on HDFC Bank house loans, which range from Rs 30 lakh to Rs 75 lakh, start at 8.35 per cent.

3) Bank Of Baroda

Bank of Baroda now charges uniform interest rates to both salaried and non-salaried persons. The interest rates on house loans offered by the bank vary from 8.40 per cent to 10.60 per cent each year. These rates change based on the applicant’s CIBIL score and other variables including the loan amount.

4) State Bank of India

State Bank of India (SBI) offers reasonably priced house loans. The interest rates on the bank’s home loans begin at 8.40 per cent annually. Consumers have the option of taking out loans for up to 30 years. Furthermore, SBI grants female borrowers an interest rate reduction of 0.05%.

5) ICICI Bank

ICICI Bank offers interest rates ranging from 9.5 to 9.8% for salaried persons and from 9.65 to 9.95 per cent for self-employed borrowers for loan amounts between Rs 35 and Rs 75 lakh. The interest rates, which range from 9.6 to 9.9 per cent for salaried persons and 9.75 to 10.05 per cent for self-employed individuals, do, however, slightly increase for loan amounts beyond Rs 75 lakh.

6) Punjab National Bank

Punjab National Bank (PNB) provides loans at reasonable rates. PNB offers house loans with annual interest rates between 8.45% and 10.25% for amounts between Rs 30 lakh and Rs 75 lakh. High CIBIL score borrowers could be able to get loans with lower interest rates.


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