6 Banks And Housing Finance Companies That have Cut Home Loan Interest Rates

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The Reserve Bank of India twice cut interest rates this year, but banks have been slow to cut their own lending rates.

    6 Banks And Housing Finance Companies That have Cut Home Loan Interest Rates
    After the recent credit policy, the RBI nudged banks to drop interest rates. Here are banks and housing finance companies that have cut their interest rates on home loans.
    Interest Rate Cut Current Interest Rate on Home Loan
    ICICI Bank 0.25% 9.90%
    State Bank of India 0.25% 9.90%
    HDFC 0.20% 9.90%
    Axis Bank 0.20% 9.95%
    IndiaBulls 0.25% 9.90%
    Dewan Housing 0.20% 9.90%

    It is widely expected that many other banks in the country would follow the largest lenders in the business and drop interest rate. A few of them have already cut their prime lending rates.

    Interest rates in the economy have already begun falling as the RBI has twice cut interest rates this year. The first set of loans that tend to fall are home loans, followed by a host of other loans.

    The fall in home loan interest rates will help reduce the EMI for home loan borrowers and would also help new borrowers, avail loans at lower rates.

    Analysts are by and large expecting another drop of 0.25 per cent in interest rate and an overall drop of 0.50 per cent by the end of the year.

    This is expected to make home loans even cheaper going forward. All in all if you are looking to avail of home loans it may not be a bad time as interest rates are falling.

    GoodReturns.in

    Read more about: home loans
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more