Cheaper home loan news: If you are a salaried person and you have a dream home. To make your dream come true, you need a cheap home loan. Union Bank of India (UBI), one of the PSU banks in the country, offers you a home loan at a cheaper rate than the country’s largest public sector bank, SBI, but its two One of the small conditions is that if a woman is included in the application, then the loan will be easily available.
Union Bank of India (UBI) has reduced the home loan interest rate to 6.7 percent for the salary class. Due to this, his interest rate has also come down from SBI. It is generally believed that SBI, the country’s largest bank, provides home loans to people at the lowest rate. Both Union Bank and SBI are among the public sector banks.
To get loan, it is necessary to be a woman among the applicants
Union Bank of India provides a home loan of up to Rs 30 lakh to the salary class, on which interest is charged at the rate of 6.7 percent. However, he has put two small conditions for this. The first condition is that the credit score of the customer should be at least 700 and the second is that it is necessary to have a female applicant simultaneously. In addition, the interest rate for home loans above 30 lakh and up to Rs 75 lakh is 6.95 percent. The initial interest rate for a home loan of more than this amount is 7 percent.
This condition for male salaried
In addition, if the applicants are male only, the bank has set a home loan interest rate of 6.75 per cent for them. This is equal to the fixed interest rate for non-salary class customers. At the same time, the interest rate of SBI’s home loan of Rs 30 lakh starts from Rs 6.95 lakh.
This is the interest rate of these banks and financial institutions
Apart from this, LIC Housing Finance has also reduced the home loan interest rate to 6.85 per cent last month. This is the lowest interest rate on his home loan. At the same time, the initial interest rate of Bank of Baroda home loan is 6.85. HDFC, the largest home loan company, takes 6.95 interest on loans up to Rs 30 lakh, but its condition is also that the applicant must be a woman. From 30 lakh to 75 lakh rupees, his interest rate on home loan is 7.2 percent.