- 01 March 2021: The State Bank of India (SBI) has reduced its housing loan interest rate from 6.80% to 6.70%. For loans of up to Rs 75 lakh, home loan interest rates will start at 6.70 percent. Whereas, for loans in the range of Rs 75 lakh to Rs 5 crore, the interest rate charged will be 6.75 percent onwards.
Home Loan Interest Rates. Check your Eligibility! Compare the lowest home loan interest rate starting from 6.70% p.a. and apply for the best home loan. Get the complete list of current housing loan rate of interest in India from all leading banks and financial institutions.
Contents
- 1 Which bank home loan is best in India?
- 2 What is the current home loan interest rate in India?
- 3 What is the EMI for 20 lakhs home loan?
- 4 What is the EMI for 30 lakhs home loan?
- 5 Which home loan is better SBI or HDFC?
- 6 Which is better SBI or LIC Home Loan?
- 7 What is the EMI for 15 lakhs home loan?
- 8 Which type of home loan is best?
- 9 What is the EMI for 10 lakhs home loan?
- 10 How much loan I can get if my salary is 25000?
- 11 How much loan can I get on 35000 salary?
- 12 How much home loan can I get if my salary is 15000?
- 13 How much loan can I get on 50000 salary?
- 14 How much loan can I get on 60000 salary?
- 15 What is the interest of 10 lakh in SBI?
Which bank home loan is best in India?
Best Bank for Home Loan in India 2021 #1. ICICI Bank Home Loan. #2. State Bank of India Home Loan. #3. HDFC Ltd . Home Loan. #4. Axis Bank Home Loan. #5. Union Bank of India Home Loan. #6. Indiabulls Housing Finance Home Loan. #7. LIC Housing Finance Home Loan. #8. PNB Housing Finance Home Loan.
What is the current home loan interest rate in India?
Current Home Loan Interest Rates India
Lenders | Lowest Interest Rate | EMI/Lakh** |
---|---|---|
HDFC Bank | 6.80% | Rs. 651 |
ICICI Bank | 6.90% | Rs. 659 |
Union Bank of India | 6.80% | Rs. 651 |
Punjab National Bank | 6.80% | Rs. 651 |
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What is the EMI for 20 lakhs home loan?
EMIs on a 20 lakh home loan for 30 years
Loan Amount | Interest rate | EMI |
---|---|---|
Rs. 20 lakh | 10% | Rs.17,551 |
What is the EMI for 30 lakhs home loan?
Current EMI for ₹ 25 Lakh loan is ₹ 16,215 and EMI for ₹ 30 Lakh loan is ₹ 19,458 for a 30 year loan at the minimum interest rate.
Which home loan is better SBI or HDFC?
SBI being a public sector bank, its home loan rates are benchmarked with RLLR. For HDFC , the home loan rates are benchmarked to PLR. Which is a better bank for Home Loan – SBI or HDFC ?
Category | SBI | HDFC |
---|---|---|
Amount of Loan | Rs.5 L – Rs.10 Cr | Up to Rs 10 Cr |
Interest Rate (Annual) | 6.95% – 7.50% | 6.95% – 8% |
Which is better SBI or LIC Home Loan?
As per the current rates, SBI offers a lower interest rate of 6.80% on Home Loan when compared to LIC Housing Finance which offers a Home Loan at 6.90%.
What is the EMI for 15 lakhs home loan?
EMI Calculations for a Home Loan of Rs. 15 Lakh with Different Tenors
Loan Amount | EMI when Tenor is 10 Years | EMI when Tenor is 15 Years |
---|---|---|
Rs. 15 ,00,000 | 19,823 | 16,119 |
Which type of home loan is best?
Best Bank for Lowest Home Loan Interest Rate Citibank, Axis Bank , Kotak Bank banks are the best choice for home loans with their lowest interest on home loan starting from 6.75%. Axis bank , ICICI Bank , and Kotak Bank are the best banks for home loan as they have quick loan disbursal with low-interest rates.
What is the EMI for 10 lakhs home loan?
Banks which are offering 10 Lakh home loan amount at low rate of interest. Emi Calculated on 6.80%.
Monthly Payment ( EMI ) | Total Interest Payable in 20 years | Total Payment (Principal + Interest) after 20 years for 10 Lakh of loan amount |
---|---|---|
Rs.7633 | Rs.832015 | Rs.1832015 |
How much loan I can get if my salary is 25000?
If your earning Rs. 25,000 per month, your maximum EMI towards a personal loan can be up to Rs. 12,500. Most lenders determine the maximum loan amount up to 10 times of your monthly salary .
How much loan can I get on 35000 salary?
“ How much home loan can I get on my salary ?” If you are a salaried employee and you plan to own a house, this is the first question that pops up in your mind. Understand your salary :
Net Monthly Income (₹) | Loan Amount (₹) |
---|---|
₹ 30,000 | ₹ 17,09,806 |
₹ 35,000 | ₹ 20,46,586 |
₹ 40,000 | ₹ 23,83,366 |
₹ 50,000 | ₹ 30,56,926 |
How much home loan can I get if my salary is 15000?
Salary of 15000, Am I eligible for Loan? Check here online
Product | Salary | Max. loan amount |
---|---|---|
Personal Loan | 15000 | 140000 |
Home Loan | 15000 | 850000 |
Car Loan | 15000 | 310000 |
Credit Card | 15000 |
How much loan can I get on 50000 salary?
How much home loan can I get on my salary?
Net Monthly income | Home Loan Amount |
---|---|
Rs.30,000 | Rs.22,37,206 |
Rs.40,000 | Rs.29,82,941 |
Rs. 50,000 | Rs.37,28,676 |
Rs.70,000 | Rs.52,20,146 |
How much loan can I get on 60000 salary?
If you take a personal loan for a maximum of 5 years, then your loan amount will be ₹ 36,000*12*5 = ₹ 21, 60,000 . However, the multiplier is 20, then the loan amount will be ₹ 60,000 *20 = ₹ 12,00,000. Therefore, the amount you will get on ₹ 60,000 salary is ₹ 12,00,000.
What is the interest of 10 lakh in SBI?
SBI FDs have tenures ranging from 5 years to 10 years with maximum rate of interest of 5.40%. Interest rates for senior citizens are higher than the normal rates and ranges upto 6.20% . SBI Fixed Deposit Calculator 2021.
Tenure | Rates | Maturity Amount for ₹ 1 Lakh |
---|---|---|
5 years to 10 years | 5.40% to 6.20% | ₹ 1,30,760 – ₹ 1,85,011 |