Bank of Baroda , a Public Sector Bank is very agressively marketing Home Loans these days. This is for the very first time in the history of Banking, that the bank is offering lowest rate in the market. Home Loan .15 basis below then the market leader State Bank of Indiaand other financial institutions. Bank of Baroda is offering this rate only to the customers which has a CIBIL score of 760+ , otherwise the rate is 8.85%. The purpose is to attract only customers with a Clean track record.
The Bank also has a unique offering in the form of " Baroda Home Loan Advantage" this schemes has the potential of saving 50% percent on interest cost , according to the market estimates. SBI offers this scheme as " Maxgain " and Standard chartered Bank offers it as Home Credit.
- Purchase of new / old dwelling unit.
- Construction of house.
- Purchase of plot of land for construction of a house.
- Repaying a loan already taken from other Housing Finance Company / Bank.
- Repayment period up to 30 years (floating rate option).
- Reimbursement of cost of plot of land (purchased within 24 months)
The Prevailing Home Loan interest rates are given below :
| Bank Name | Interest Rate |
| HDFC LTD | 8.50% - 8.55% |
| ICICI Bank | 8.65% - 8.85% |
| SBI Home Loan | 8.50% - 8.70% |
| PNB Housing | 8.50% - 9.10% |
| Axis Bank | 8.65% - 8.70% |
| LIC Housing | 8.50% - 8.70% |
| Fed Bank | 9.68% - 10.08% |
| PNB Home Loan | 8.65% - 8.70% |
| IDBI Home Loan | 8.55% - 8.60% |
| DHFL Home Loan | 8.60% |
| Indiabulls Home Loan | 8.50% – 8.85% |
| Union Bank | 8.60% |
| Vijaya Bank | 8.90% |
| Bank of Baroda | 8.35% - 8.55% |
| Indian Bank | 8.60% – 8.80% |
| Shubham Housing | 12%-14%(For Salaried) - 15%-17%(For Self-employed) |
Bank of Baroda is the lowest as of now.
The Bank has also tied - up with many builders in Delhi NCR and is funding these projects. The Bank with the pricing of 8.35% is very aggressively marketing the Home Loan product. With new innovative products offering it is also creating a niche for itself in the mortgage loans.
If you are looking for New Home Loan or Planning to Transfer your existing Home Loan in Delhi NCR, please speak to us at 9540862210 and leave the rest on us.
#Home_Loan_Delhi_NCR #Loan_Against_property #Home_Loan #Construction_Loan
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