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Home Loan Interest Rates: These 5 banks are giving the cheapest home loan among expensive loans

Interest rate hiked by 30 basis points.

After increasing the repo rate by the Reserve Bank, the rest of the banks also increased the interest rates charged on loans. Now that banks have increased interest rates, all other loans like home loans, car loans have also become expensive.

reserve Bank of India (Reserve Bank of India) After the increase in the repo rate, all the banks have also made loans expensive. Let us inform that the Governor of Reserve Bank of India, Shaktikanta Das (Shaktikanta Das) On Wednesday, the RBI had announced a hike of 0.40 per cent in the repo rate, after which the repo rate was increased from 4.0 per cent to 4.40 per cent. After raising the repo rate by the Reserve Bank, banks also took loans. (Loan) made expensive. Home loans, car loans and all other loans have also become expensive due to costlier loans by banks. After the loan becomes expensive, many challenges have come before the people. People do not understand from which bank they should take a loan to buy a house, whose EMI is not too heavy on their pocket. In such a situation, to remove your dilemma, here we are going to tell about those 5 banks, which are giving home loan at the cheapest rates.

banks’ name RLLR minimum interest rate maximum interest rate
Bank Of Maharashtra 6.8% 6.4% 7.8%
Punjab And Sind Bank 6.6% 6.5% 7.35 percent
bank of india 6.85 percent 6.5% 8.2%
Punjab National Bank 6.5% 6.5% 7.65 per cent
Kotak Mahindra Bank 6.6% 6.6% 7.1 percent

Home loan in discussions after loan becomes expensive

After increasing the repo rate by the Reserve Bank, the rest of the banks also increased the interest rates charged on loans. Now that banks have increased interest rates, all other loans like home loans, car loans have also become expensive. But among all these types of loans, home loans have once again become a topic of discussion. We will also tell you here that why only home loan has become the subject of discussion among all the loans.

Will have to pay more EMI every year

Actually, the EMI going on every month increases due to the cost of the loan. But the biggest thing about a home loan is that it lasts for a very long time. In such a situation, after the loan becomes expensive, now the EMI going every month will be more than before. That is, now the common man will have to pay more EMI than before for years and years.

Source: www.tv9hindi.com

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Shehnaz Ali
Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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