Government Scheme For Home Loan With Low Interest Rates | Compare All 30 Banks Interest Rates 🤝📜📃⚖️💵

Urban residents dreaming of buying their own homes will soon receive financial relief in the form of Home Loan With Low Interest Rate, thanks to a new government scheme. Union Minister for Housing and Urban Affairs, Hardeep Singh Puri, announced that a plan is underway to provide Home Loan with low Interest Rates to those aspiring to own homes in cities across India.

Since Prime Minister Narendra Modi’s announcement on August 15th, citizens have been eagerly anticipating details about the scheme’s launch date and implementation.

Hardeep Singh Puri Unveils Timelines for Affordable Home Loan with low Interest Rates Hardeep Singh Puri, the Minister for Housing and Urban Affairs, shared that the government is planning to introduce the scheme in September, with the goal of alleviating the burden of high-interest rates on home loans for urban homebuyers. Currently, work is being carried out to finalize the scheme’s details and ensure its effective implementation.

Scheme to Launch in September Home Loan with low Interest Rates, Confirms Ministry Secretary The Secretary of the Ministry of Housing and Urban Affairs, Manoj Joshi, confirmed that the government aims to launch the affordable loan scheme in September with cheap interest rates. This initiative aligns with Prime Minister Narendra Modi’s announcement on Independence Day, targeting middle-class families residing in urban areas who do not yet have their own homes.

Prime Minister Modi’s August 15th Announcement – Affordable Home Loan with low Interest Rates Prime Minister Narendra Modi, in his Independence Day address, unveiled plans for a scheme to provide Home Loan with low Interest Rates for urban families who currently reside in rented accommodations, slums, or low-income housing. The scheme is designed to bring much-needed relief to the large urban population living in subpar housing conditions and without the prospect of homeownership.

This forthcoming government initiative is expected to play a pivotal role in making homeownership a reality for countless urban citizens, offering Home Loan with low Interest Rates. As September approaches, eager homebuyers are keeping a close eye on further announcements regarding the scheme’s eligibility criteria and application process, with hopes of finally turning their dreams of homeownership into reality.

Home best Loan with low Interest Rates:

Public Sector Banks

State Bank of India (SBI):

Up to ₹30 lakh: 8.40% – 10.15%

₹30 lakh to ₹75 lakh: 8.40% – 10.05%

Over ₹75 lakh: 8.40% – 10.05%

Bank of Baroda:

Up to ₹30 lakh: 8.60% – 10.65%

₹30 lakh to ₹75 lakh: 8.60% – 10.65%

Over ₹75 lakh: 8.85% – 10.90%

Punjab National Bank (PNB):

Up to ₹30 lakh: 8.55% – 10.25%

₹30 lakh to ₹75 lakh: 8.50% – 10.15%

Over ₹75 lakh: 8.50% – 10.15%

Punjab & Sind Bank:

Up to ₹30 lakh: 8.85% – 9.95%

₹30 lakh to ₹75 lakh: 8.85% – 9.95%

Over ₹75 lakh: 8.85% – 9.95%

Union Bank of India:

Up to ₹30 lakh: 8.50% – 10.75%

₹30 lakh to ₹75 lakh: 8.50% – 10.95%

Over ₹75 lakh: 8.50% – 10.95%

Bank of India:

Up to ₹30 lakh: 8.50% – 10.75%

₹30 lakh to ₹75 lakh: 8.50% – 10.75%

Over ₹75 lakh: 8.50% – 10.75%

UCO Bank:

Up to ₹30 lakh: 8.45% – 10.30%

₹30 lakh to ₹75 lakh: 8.45% – 10.30%

Over ₹75 lakh: 8.45% – 10.30%

Bank of Maharashtra:

Up to ₹30 lakh: 8.50% – 10.92%

₹30 lakh to ₹75 lakh: 8.50% – 10.92%

Over ₹75 lakh: 8.50% – 10.92%

Canara Bank:

Up to ₹30 lakh: 8.85% – 11.25%

₹30 lakh to ₹75 lakh: 8.75% – 11.25%

Over ₹75 lakh: 8.55% – 11.15%

Indian Overseas Bank (IOB):

Interest rates start at 8.85%

Private Sector Banks best Home Loan with low Interest Rates:

HDFC Bank:

Up to ₹30 lakh: 8.50% – 10.20%

₹30 lakh to ₹75 lakh: 8.50% – 10.20%

Over ₹75 lakh: 8.50% – 10.20%

Kotak Mahindra Bank:

Interest rates start at 8.75%

ICICI Bank:

Up to ₹30 lakh: 9.00% – 9.80%

₹30 lakh to ₹75 lakh: 9.00% – 9.95%

Over ₹75 lakh: 9.00% – 10.05%

Axis Bank:

Interest rates range from 9.00% to 13.30%

Yes Bank:

Up to ₹30 lakh: 9.23% – 10.73%

₹30 lakh to ₹75 lakh: 9.23% – 10.73%

Over ₹75 lakh: 9.23% – 10.73%

IDFC FIRST Bank:

Interest rates start at 8.85%

Federal Bank:

Interest rates start at 8.80%

Dhanlaxmi Bank:

Up to ₹30 lakh: 9.35% – 10.50%

₹30 lakh to ₹75 lakh: 9.35% – 10.50%

Over ₹75 lakh: 9.35% – 10.50%

Tamilnad Mercantile Bank:

Up to ₹30 lakh: 9.45% – 9.95%

₹30 lakh to ₹75 lakh: 9.45% – 9.95%

Over ₹75 lakh: 9.45% – 9.95%

Bandhan Bank:

Up to ₹30 lakh: 9.15% – 15.00%

₹30 lakh to ₹75 lakh: 9.15% – 13.32%

Over ₹75 lakh: 9.15% – 13.32%

RBL Bank:

Up to ₹30 lakh: 9.15% – 11.55%

₹30 lakh to ₹75 lakh: 9.10% – 11.30%

Over ₹75 lakh: 9.10% – 11.30%

Housing Finance Companies (HFCs) best Home Loan with low Interest Rates:

LIC Housing Finance:

Up to ₹30 lakh: 8.50% – 10.35%

₹30 lakh to ₹75 lakh: 8.50% – 10.55%

Over ₹75 lakh: 8.50% – 10.75%

Tata Capital:

Interest rates start at 8.70%

Bajaj Housing Finance:

Interest rates start at 8.50%

PNB Housing Finance:

Up to ₹30 lakh: 8.75% – 14.50%

₹30 lakh to ₹75 lakh: 8.75% – 11.45%

Over ₹75 lakh: 8.75%– 11.45%

Repco Home Finance:

Interest rates start at 9.80%

GIC Housing Finance:

Interest rates start at 8.80%

IndiaBulls Housing Finance:

Interest rates start at 8.75%

Aditya Birla Capital:

Up to ₹30 lakh: 8.80% – 14.75%

₹30 lakh to ₹75 lakh: 8.80% – 14.75%

Over ₹75 lakh: 8.80% – 14.75%

ICICI Home Finance:

Interest rates start at 9.20%

Godrej Housing Finance:

Interest rates start at 8.64%

L&T Housing Finance:

Interest rates start at 8.60%

Foreign Banks Home Loan with low Interest Rates:

HSBC:

Interest rates start at 8.60%

Standard Chartered Bank:

Interest rates start at 8.75%

These competitive interest rates offered by both public and private sector banks, as well as housing finance companies, provide homebuyers with a wide range of options to choose from. Whether you’re a first-time homebuyer or looking to upgrade to a larger property, these rates make homeownership more accessible than ever before.

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