These 6 banks are offering home loans at affordable interest rates, know how much EMI will be on one lakh?

Banks Offering Home Loan: If you are looking for home loans at affordable interest rates, then you are being given information about some banks here, which bank is giving you home loans at affordable interest rates and also on a loan of one lakh rupees. How much EMI will you have to pay?

After increasing the repo rate of RBI, most of the banks have increased the interest rates of home loans. Many banks have increased loan rates for their existing and new customers. Rate of interest (interest rates) Due to increasing now most of the people have started thinking that how to reduce the burden of this increased loan.

These banks are offering home loans at affordable interest rates

1. Punjab National Bank is giving loan on home loan at a minimum interest of 8.75%. Its rates were updated on December 8, 2022. Earlier this rate was 8.40 percent.
2. Axis Bank is charging 8.95 per cent on home loans, which was earlier 8.60 per cent.
3. HDFC Bank is offering home loan at a minimum interest of 9.50 per cent on home loan, which was earlier 8.60 per cent.
4. The home loan interest rate of Indian Bank has gone up to 9.65 percent, which was 8.60 percent before December 8.
5. Bank of Baroda is charging 10.20 percent interest on home loans, which was 8.60 percent before December 8.
6. SBI term loan is charging an interest of 9.40% on the minimum home loan.
7. ICICI Bank is charging 9.70 per cent interest.

This much EMI will have to be paid on 1 lakh

If you take a loan of Rs 1 lakh from these banks, then you will have to pay different EMIs for different tenures. If there is 8 percent interest on the home loan, then the monthly EMI for 10 years will be Rs 1,213, at 9 percent interest Rs 1,267, at 10 percent interest the monthly installment will be Rs 1,322.

Similarly, on 8, 9 and 10 percent interest on 15 years tenure, monthly EMI will have to be paid at Rs 956, Rs 1014 and Rs 1075 respectively.