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Want to take a home loan this festive season? Check out the lowest interest rates
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Home loan interest rates are trending at an all-time low with rates starting at as low as 6.4%. The Reserve Bank of India’s decision to pause key rates for over a year now has also contributed to concessional rates being offered to customers. This is because many banks have benchmarked their lending rates to the RBI’s repo rate after October 2019. Those banks that have not linked their lending rates to repo rates are also offering low rates to stay competitive.
Besides, many banks across the country have also rolled out festive season home loan offers to attract prospective borrowers. Many popular private and public sector banks are offering other festive offers as well such as waiving off processing fees or doing away with the distinction
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