Diabytes
Bank home loan News
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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.
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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.
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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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