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Compare Home Loan Interest Rates - A Due Diligence You Can’t Miss Out on

To be owning a possession where you can have a freewheel experience without anyone telling you to limit your joy is the feeling that excites all, isnu2019t it? At a time when lenders are approaching people with attractive home loan offers with an impressive quantum of finance, the home dream is all but achievable. The fact that lenders are only large in numbers gives you a wide range of choices for a home loan. However, if you fail to do the due diligence properly, you may struggle to cope with the repayment pressure. So, itu2019s imperative you compare home loan interest rates of different lenders before choosing out from them. A careful selection based on interest rate and other important considerations would make sure you enjoy paying the loan and not taking it as a burden to carry on month after month, year after year. Letu2019s start comparing the rates and pick the best one by reading the information presented below.

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Compare Home Loan Interest Rates - A Due Diligence You Can’t Miss Out on

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  1. Compare Home Loan Interest Rates - A Due Diligence You Can’t Miss Out on

  2. To be owning a possession where you can have a freewheel experience without anyone telling you to limit your joy is the feeling that excites all, isn’t it? At a time when lenders are approaching people with attractive home loan offers with an impressive quantum of finance, the home dream is all but achievable. The fact that lenders are only large in numbers gives you a wide range of choices for a home loan. However, if you fail to do the due diligence properly, you may struggle to cope with the repayment pressure. So, it’s imperative you compare home loan interest rates of different lenders before choosing out from them. A careful selection based on interest rate and other important considerations would make sure you enjoy paying the loan and not taking it as a burden to carry on month after month, year after year. Let’s start comparing the rates and pick the best one by reading the information presented below.

  3. SBI Home Loan Interest Rates SBI offers home loans at competitive interest rates based on the loan amount an individual applies for. The loan rates also take into account the individual’s gender and profession. Loans up to ₹30 lakh can be granted at interest rates of 8.55%-8.65% to salaried women applicants. Self-employed women applicants can get loans up to ₹30 lakh at 8.70%-8.80% per annum. Salaried and self-employed men need to pay the loan at 8.60%-8.70% and 8.75%-8.85% per annum, respectively.

  4. As the loan remains above ₹30 lakh-75 lakh, the interest rate applicable is 8.80%-8.90% and 8.95%-9.05% to salaried and self-employed women, respectively. While salaried men will have to pay interest at 8.85%-8.95%, self-employed need to do so at 9.00%-9.10% p.a. Loans when remain above ₹75 lakh will have to be serviced by female salaried at 8.90%-9.00% per annum. Female self-employed need to pay the home loan of such quantum at 9.05%-9.15% p.a. Male salaried and self-employed would pay loan above ₹75 lakh at 8.95%-9.05% and 9.15%-9.25% p.a.

  5. HDFC Home Loan Interest Rates HDFC Limited is a premier mortgage finance company offering a slew of secured loans such as home loans to help individuals buy, construct, renovate or extend a housing unit. HDFC home loan rates are also based on the loan amount, as well as the individual’s gender and profession. Salaried and self-employed professionals are offered the same rate across the loan amount. Loans up to ₹30 lakh can be provided to salaried women at 8.60%-9.10% and men at 8.65%-9.15% per annum. Self-employed non-professionals need to pay the loan at 8.75%-9.25% (women) and 8.65%-9.15% (men).

  6. Loans above ₹30 lakh-75 lakh come with an interest rate of 8.85%-9.35% and 8.90%-9.40% to salaried female and male, respectively. The rate for the same loan range falls between 9.00%-9.50% and 9.05%-9.55%, respectively, for self-employed non-professionals women and men, respectively. As the loans go past ₹75 lakh, salaried women and men have to pay interest at 8.90%-9.40% and 8.95%-9.45%, respectively. The interest rate for self-employed non-professionals women and men is 9.05%-9.55% and 9.10%-9.60%, respectively.

  7. ICICI Home Loan Interest Rates ICICI Bank offers home loans at interest rates according to the loan amount applied as well as the profession of an individual. Loans up to ₹35 lakh come at an interest rate of 9.05% to salaried and 9.10% to self-employed. Loans above ₹35 lakh-75 lakh are offered at 9.15% to salaried and 9.20% to self-employed. The rate for loans above ₹75 lakh is 9.20% and 9.30% to salaried and self-employed, respectively. Now, you can compare the home loan interest rates of top lenders and see which offers the lowest.

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