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Home loans: Compare bank interest rates

Zee Media Bureau

New Delhi: Buying your dream house requires a lot of research, more so when you opt for home loans.

It is very important for the home buyers to carefully choose banks and compare the rate of interest that the banks offer on home loans. Though the rate of interest differs from bank to bank, the tenure of loan is also different in various banks.

Top Up – All loans, Renovations: 12.00% p.a.(Effective Rate Of Interest)

Fixed Rate

11.75% p.a.(Effective Rate Of Interest)

ICICI

(Floating rate)

HL 10.15% (Effective Rate of Interest)

HL Rs. 3.0 million: 10.40% to 11.00% (Effective Rate of Interest)

(Fixed Rate)

One year Two year (s) fixed rate:

HL 10.15% (Fixed rate for first 12/24 months), I-Base + 0.40% (Floating rate pricing from second third year onwards (from 13th/25th month)

HL Rs. 3.0 million and 10.40% (Fixed rate for first 12/24 months), I-Base + 0.65% (Floating rate pricing from second third year onwards (from 13th/25th month)

HL 10.50% (Fixed rate for first 36 months), I-Base + 0.40% (Floating rate pricing from fourth year onwards (from 37th month)

HL Rs. 3.0 million and 10.75% (Fixed rate for first 36 months), I-Base + 0.65% (Floating rate pricing from fourth year onwards (from 37th month)

Courtsey: Bank Websites, rates may vary from time to time


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