Non-Banking Finance Company (NBFC) Bajaj Finserv Limited has cut home loan interest rates by 0.05%. Now the interest rate will start from 6.70% p.a., which was earlier 6.75% p.a. The applicant can apply for a loan up to Rs 5 crore under this. Bajaj Finserv offers home loans with tenures up to 30 years.
The company has said that applicants with strong credit and income profiles have a good chance of availing a loan at this promotional rate. The home loan EMI will be as low as Rs 645 per lakh. Existing home loan customers can also avail this new interest rate by transferring their home loan to Bajaj Finserv.
Who can avail this offer
Existing home loan customers can also avail this new interest rate by transferring their home loan to Bajaj Finserv. Not only do they save on interest, but they also have the option of availing a top-up loan.
Bank of Baroda and Kotak Mahindra Bank are giving the cheapest loan
Bank of Baroda and Kotak Mahindra Bank are offering home loans at 6.50% under festival offers. These interest rates are less than any other bank. At the same time, the country’s largest bank SBI is giving loans at 6.70% interest rate.