ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Atal Pension Yojana rule change: Big setback for taxpayers - know how it will impact your savings
  • Home loans, EMIs to get more expensive: Now, this PSU bank hikes interest rates by .20%
  • Mask mandatory in Delhi as Covid-19 cases rise again: Check new rules and penalty
  • US inflation data: Break on 40-year peak, global markets rally - key highlights
  • Microsoft layoffs 2022: IT giant sacks around 200 more employees as recession fears rise
Read in App
Business News » Personal Finance News

SBI home loan interest rate is lowest! HDFC Bank, ICICI Bank, Axis Bank and others may feel the heat

SBI home loan is available at 8.05 per cent from 1 st September 2019, which is lowest among all Indian commercial banks.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
SBI home loan interest rate is lowest! HDFC Bank, ICICI Bank, Axis Bank and others may feel the heat
SBI home loan pattern is making a win-win situation for the potential homebuyers in the coming festival season. Photo: Reuters

SBI home loan is available at 8.05 per cent from 1 st September 2019, which is the lowest among all Indian commercial banks. If we go by the list of various Indian banks and their home loan interest rates, SBI home loan emerges as the cheapest in terms of EMI and SBI home loan processing fee is also the lowest. This way, SBI home loan pattern is making a win-win situation for potential homebuyers in the coming festival season. So, major banks like ICICI Bank, HDFC Bank, Axis Bank, Punjab National Bank and other home loan providers may feel the heat of competition soon. 

Comparing SBI home loan interest rate with other major home loan lenders, its nearest competitor is Punjab National Bank, whose home loan is available at 8.1 per cent. However, in terms of tough competition that SBI home loan faces, is from HDFC Bank, ICICI Bank, Axis Bank and some NBFCs like LIC Housing Finance, Indiabulls etc. Citi Bank home loan interest rate is 8.5 per cent and its processing fee is nil. But, comparing the kind of clientele Citi Bank caters to and the SBI home loan department addresses, there seems no competition between these banks.

See Zee Business Live TV streaming below:

Among major home loan lending banks in India, HDFC Bank home loan interest rate is 8.4 per cent, Axis Bank home loan interest rate is 8.6 per cent, Bank of Baroda home loan interest rate is 8.45 per cent while ICICI Bank home loan interest rate is 9.25 per cent, which is almost 1.2 per cent higher than the SBI home loan interest rate.

Source: MyLoanCare

Recently, India's largest commercial bank SBI had cut down its home loan interest rate from 8.25 per cent to 8.05 per cent. SBI also reduced MCLR by 0.15 per cent that resulted in overall SBI home loan interest rate reduction by 0.35 per cent since April 2019. Currently, SBI offers the cheapest home loan as repo rate linked home loan and this home loan interest rate is applicable to all existing and new loan from 1st September 2019.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
State Bank of IndiaSBI home loanhome loanHDFC BankICICI BankAxis BankPersonal Finance
Written By: Asit Manohar
Edited By: Harish Dugh
Updated: Wed, Sep 04, 2019
03:09 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Why RBI does not allow public sector bank chiefs to serve till 70 years, wonders former SBI chairman Arundhati Bhattacharya Why RBI does not allow public sector bank chiefs to serve till 70 years, wonders former SBI chairman Arundhati Bhattacharya
Fed can borrow RBI template to control rampaging US inflation: SBI Report Fed can borrow RBI template to control rampaging US inflation: SBI Report
7th Central Pay Commission Latest News: Online application window for SBI's specialist cadre officers ends on 12 June; details here 7th Central Pay Commission Latest News: Online application window for SBI's specialist cadre officers ends on 12 June; details here
New SBI MD: Alok Kumar Choudhary takes charge as Managing Director of State Bank of India New SBI MD: Alok Kumar Choudhary takes charge as Managing Director of State Bank of India
Sector Spotlight: PSU banks poised for upside; stocks to buy are SBI, Bank of Baroda, Canara Bank, says this analyst Sector Spotlight: PSU banks poised for upside; stocks to buy are SBI, Bank of Baroda, Canara Bank, says this analyst

LATEST NEWS

General insurance sector logs 21% premium growth in July: IRDAI

Anil Singhvi's strategy on Aug 12: Support zone on Nifty is 17525-17575, Bank Nifty is 38500-38650

Delhivery share price falls almost 14% in 3 straight sessions amid poor Q1 show – know what brokerage says

Government reappoints four independent directors on central board of RBI

Syrma SGS Technology IPO: Issue opens on Friday; from price band to full timeline, all you need to know

Aamir Khan Movie Laal Singh Chaddha Review By Taran Adarsh: DISAPPOINTS! Lacks captivating screenplay, fire in totality - 2 star rating

Stocks to buy today: HDFC AMC, Mphasis, Infosys, Voltas among 20 stocks for profitable trade on August 12

7th Pay Commission Central government employees latest news: DA formula changed – know how it will impact your salary

Next Bank Holiday August 2022: Independence Day on Monday; here is a full list of holidays this month in major Indian cities

Long weekend: Hospitality sector in focus; hotels, travel agencies see surge in demand for holidays in August

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV