Request of home loan

[sarangkumthekar008@gmail.]

I am looking for home loan which bank is giving at lesser interest rate can any one help me out

 

[aakashkapoor]

If you’re looking for a home loan with the lowest possible interest rate, the truth is that rates change based on your credit score, income, profile, and the city/property type. But here’s a quick idea of where to start:

Banks that generally offer lower rates:

• SBI Home Loan: Usually one of the cheapest for salaried applicants.
• HDFC Bank: Good rates + faster processing.
• ICICI Bank: Competitive if your profile is strong.
• Union Bank/Bank of Baroda: Public banks with attractive interest slabs.

What actually affects your rate:

1. Credit Score: 750+ usually gets the best rates.
2. Salary & stability: Higher + stable salary = better rate.
3. Property type: Approved projects get quicker, cheaper loans.
4. Loan amount: Larger loans sometimes get lower rates.

Practical steps you can take right now:

1. Check your CIBIL score first. If it’s low, improve it before applying.
2. Get quotes from at least 3 banks, never go with the first offer.
3. Ask for processing fee waiver, many banks offer it on request.
4. Compare effective rate after all charges, not just the advertised one.
5. If salaried, apply through your salary account bank, they often give a discount.

If you share your salary range, city, and CIBIL score, people here can suggest a much more accurate bank for your profile.