If you are looking for a home loan with affordable interest rates, borrow Bank of Baroda Home Loans. Bank of Baroda Home Loan Interest Rate starts from 6.85% per annum and you can borrow up to INR 10 Crores. And do you know, you can apply for this loan by just giving a missed call to: 846 700 1111. So, read this article further and know more about the features and benefits of Bank of Baroda Home Loan.
Details of Bank of Baroda Home Loan Interest Rate Bank of Baroda determines your home loan interest rate based on the following factors such as -
The updated Bank of Baroda Home Loan Interest Rate can be seen on its official website. So before applying for the loan, do visit the Bank of Baroda official website and check its current home loan interest rate. Bank of Baroda Home Loan Interest Rate will be charged at prevailing floating rate on a daily reducing balance at monthly rests this could reduce your burden as you pay your EMIs. Note - The rate of interest of Bank of Baroda Home Loan is linked to Baroda Repo Linked Lending Rate (BRLLR), and it shall be reset on an annual basis. As mentioned on the Bank of Baroda official website the BRLLR is 6.75% effective from 15th March, 2021. How does the Bank of Baroda Home Loan Interest Rate Provide Low Cost EMIs? With the help of Bank of Baroda Home Loan Interest Rate that starts from 6.85% per annum you could get low EMIs as INR 570 for your borrowed amount, to know how, use the Bank of Baroda Home Loan EMI Calculator. Bank of Baroda Home Loan EMI Calculator is an online tool that generates your EMI amount within one second. To use this tool, you just need to enter the loan amount, interred and repayment tenure. And Bank of Baroda provides you a flexible tenure up to 35 years, so you can easily repay your home loan. Conclusion Bank of Baroda Home Loans are affordable and it will help you purchase property.
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A home loan makes your dream home purchase affordable. You can borrow money from banks and housing financial institutions in India which offer a loan up to INR 10 crore based on your property value and loan eligibility. Among different lenders, how do you find the best home loan in India? It is easy to just compare the loan offers and choose the one which suits your needs. If you have set the flat or property, you are going to buy then hurry and find your lender. Different banks and institutions offer different interest rates and tenure, you can compare features of the loan products and choose the bank. Read this article and know how to find the best home loan in India and which are the top lenders.
State Bank of India (SBI) SBI has a wide range of home loan schemes for the home buyers. The SBI Bridge Home Loan is a short-term option where a loan is given to you for 1-2 years. The rate of interest is slightly higher than the SBI regular home loan and ranges from 9.90%-10.90%. Apart from the home purchase offers SBI also has home loan options for under-construction properties. You get a maximum tenure of 30 years for the loan payment, and SBI also provides concession on interest rate for women applicants. So, if you think SBI has the best home loan in India then apply for it by going to its branch or using its online service. The minimum age of the applicant should be 18 years and not exceed above 70 years during the repayment. HDFC Housing Finance Limited To finance 75%-90% of the property value borrow a loan from HDFC Housing Finance Ltd. which provides loan to salaried and self-employed both. You should be an Indian resident and aged between 21 to 65 years to apply for the loan. And to get a low interest rate over the borrowed fund your credit score should be 780 and above. HDFC Housing Finance loan interest rate starts from 7.3% onwards depending on the credit risk. You can pay the borrowed amount in 30 years, and can add a co-applicant if you need support for the purchase which increases the eligibility for the loan amount. ICICI Bank You can borrow anywhere between INR 5 to 10 crore from ICICI Bank. The bank offers both short and long term loans which you can pay in 3 to 30 years. Why is it one of the best home loans in India? Because it is easy to apply for an ICICI Bank home loan from the convenience of online banking. Just follow the 4 simple steps to apply for the loan.
ICICI Bank home loan interest rate ranges from 8.10%-8.55% per annum, and the loan can be paid in the tenure of 30 years. Axis Bank You can borrow from INR 3 lakh to INR 5 Crore from Axis Bank at an interest rate of 7.75%-8.55% per annum. And can use the loan amount to buy a property, construct a house, etc. The advantage is that the bank won’t charge any prepayment fee from the customer on their home loans which saves their money. And you can pay this best home loan in India in 30 years tenure. Axis Bank provides both a fixed and floating rate of interest on home loans which the customer can choose as per their repayment capacity. Kotak Mahindra Bank You can borrow a home loan from Kotak Mahindra Bank at zero processing charge with an attractive rate of interest of 7.40%-9.70% per annum. And the loan amount is paid in equated monthly installment of 20 years which you can choose as per the repayment capacity. The loan can be borrowed for purchase, construction, renovation and loan transfer as well. So, choose your best home loan in India dn buy the desired property or house. |
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Anika Sharma
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