Many large banks, mortgage firms, and housing financial institutions have slashed interest rates on home loans over the festival season
Money9 Helpline hosted Harshvardhan Rungta of Roongta Securities to resolve the queries related to buying a home during the offer season.
The recent round of pruning of interest rates by major banks have taken home loans to historic lows.
HDFC home loan rates: Customers can avail of HDFC home loan starting at 6.70% pa effective 20th September 2021
SBI has announced a festive offer that will let borrowers avail of a home loan for any amount at a rate as low as 6.7%
The revised interest rate on loans after the reduction is 7.45%. This will come as a relief to the customers and their wallets.
Home loans: The rate announced by the bank for the festive season is applicable from September 10, 2021, to November 8, 2021.
Under the festive offer, the processing fee for loan against HDFC Bank Securitieshas been reduced to flat Rs 750