Housing Loan Interest Rates In India 2020

The prevailing covid 19 pandemic has forced the reserve bank of india to cut the repo rate on multiple occasions in the recent past which in turn has resulted in record low home loan interest.

Housing loan interest rates in india 2020. Rates to be reset 6 monthly. Currently the interest rate on sbi home loans vacillates between 6 95 per cent to 7 45 per cent for salaried customers and 7 10 per cent to 7 60 per cent for self employed. Sep 04 2020 04 20 pm ist. Sbi to pass on interest rate changes faster to home loan borrowers.

There is good news for state bank of india home loan borrowers. 15 000 union bank of india 6 70 0 50 of loan amount max. The home loan interest rate given in the table are subject to change anytime without. Even as the reserve bank of india rbi has cut the repo rate by 250 basis points bps from 6 5 per cent to 4 per cent in the 17 month period between february 2019 and june 2020 there is very little that existing borrowers have gained from the same.

Union bank of india home loan interest rate at 6 70 is available for salaried women customers with cibil score above 700 applying for a loan up to 30 lakh. 10 000 whichever is higher note. Home loans interest rates current home loans. Home loan interest rates for all banks sep 2020 hdfc ltd home loans interest rate at 6 95 p a.

Onwards is for women. Data from the rbi shows that in the 15 month. Floating interest card rates w e f 01 07 2020 a home loan interest card rate structure floating. Et online last updated.