Cheapest Home Loans: Banks Offer Low Rates, Compare to Save Lakhs!

• Indian banks are offering highly competitive home loan rates, starting from 7.10%, driven by RBI repo rate cuts.
• Bank of Maharashtra, Bank of India, and Indian Overseas Bank provide some of the lowest rates, from 7.10% to 7.15%.
• State Bank of India (SBI) offers loans at 7.50% with benefits like processing fee waivers and no pre-payment charges.
• A high CIBIL score (above 800), being a salaried employee, or a woman customer can secure even lower interest rates.
• For a Rs. 50 lakh loan over 15 years, a 7.10% rate results in an EMI of Rs. 45,221; always compare all costs to save.

Why It Matters: Compare home loan rates and all associated costs across banks to secure the best deal and save significantly.