Home Loan: Which government bank is giving home loans at the lowest interest rate? know here...

Today it is everyone's dream to buy a house, but the rising property prices in metro cities are a big challenge for working people. In such a situation, a home loan is a big support. Different banks in the country offer home loans at different interest rates, but if you want to take a loan at a low interest rate, then government banks can be a better option for you. Today we are going to tell you about some such government banks, which are offering home loans at an interest rate of less than 7.50 percent.

If you are looking for a home loan at the lowest interest rate, then the Bank of Maharashtra can be a great option for you. Here the starting interest rate of a home loan is only 7.35%. However, this rate depends on your loan amount, tenure, and CIBIL score. You can get an even better deal if you have a good CIBIL score. (Bank Of Maharashtra)

Apart from this, the processing fee of the Bank of Maharashtra is also very affordable. It starts from 0.25 percent, which can be slightly higher depending on the loan amount. If you want a loan with low monthly EMI and low interest rates, then you can contact this bank.

Central Bank of India-
Central Bank of India is also not behind in terms of home loans. The starting interest rate of this bank is also 7.35 percent. This bank gives attractive offers to its customers based on the loan amount and their credit history. If your CIBIL score is above 750, then your chances of getting a loan at a low interest rate increase. (Central Bank of India)

Indian Overseas Bank-
Indian Overseas Bank is also one of those government banks, which offers home loans to its customers at an initial interest rate of 7.35 percent. The loan process of this bank is quite easy and fast so you do not have to wait much for loan approval. (Indian Overseas Bank)

Union Bank of India-
Union Bank of India is also a popular government bank for home loans. Its starting interest rate is 7.35 percent, which makes it a great option for those who want to take a loan at a low interest rate. Union Bank offers flexible loan options to its customers so that you can choose the loan period and amount according to your needs.

Canara Bank-
Canara Bank is one of the leading government banks in the country and is a popular choice for home loans. Its starting interest rate is 7.40%, which is affordable even though it is slightly higher than other government banks. The bank charges 0.50% of the loan amount as processing fee. (Canara Bank)

The special thing about Canara Bank is that it gives complete transparency to its customers in the loan process. Also, this bank is known for approving the loan amount quickly. If you want to take a loan from a big and reliable bank, then Canara Bank can be a good option for you. (Canara bank updates)

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