Planning To Take A Home Loan From A Govt Bank? Check The Latest Interest Rates Here
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Home loan interest rates are trending at historic lows. Prospective homebuyers can take advantage of this lower interest rate regime to fulfil their home buying aspiration. Before going for a home loan, assess if you have enough margin money, a sound repayment strategy and a healthy credit score over 750-800 to realise your home buying dream.
Many government-owned banks are also offering home loans at under 7.00% to eligible borrowers. The applicable interest rate would be determined based on your age, income, gender, loan value, loan to value ratio, or any other terms and conditions of your chosen lender. Take a look at the latest home loan interest rates of government banks.
| Bank’s Name | Lowest Advertised Floating Interest Rates ( in %) |
| Punjab & Sind Bank | 6.65-7.35 |
| State Bank of India | 6.70 – 7.15 |
| Bank of Baroda | 6.75-8.6 |
| Union Bank of India | 6.8-7.35 |
| Punjab National Bank | 6.8-7.6 |
| Central Bank | 6.85-7.30 |
| Bank of India | 6.85-8.35 |
| UCO Bank | 6.90-7.25 |
| Bank of Maharashtra | 6.90-8.40 |
| Canara Bank | 6.9-8.9 |
| Indian Bank | 7.0-7.15 |
| Indian Overseas Bank | 7.05 |
Disclaimer: Data taken from respective websites on June 11, 2021.
Data compiled by BankBazaar.com, an online marketplace for loans, credit cards and more.
Need help in calculating your EMIs? Use BankBazaar’s Easy Home Loan EMI Calculator.
