Home loans are probably the most sought after and expensive loans are taken by an individual. Expensive not only in terms of the amount borrowed but also its tenure. An individual can continue paying a home loan for as far as 15 years, if not more. Hence, it becomes imperative to reduce our overall costs by seeking the lowest interest rates possible. Given the spate of repo rate cuts given by the RBI in a bid to boost a flagging economy, this may be a sufficiently easy search.

Given below are a list of banks with some of the lowest interest rates in the country-

Source: Banking websites
LendersInterest rates offered
State Bank of India7-7.85%
Canara Bank6.9-8.90%
HDFC Bank6.95-7.85%
ICICI Bank6.95-8.05%
Punjab National Bank7-7.6%
Bank of Baroda6.85-8.35%
Central Bank of India6.85-9.05%
Punjab & Sind Bank6.9-7.25%
Union Bank of India6.7-7.15%
Bank of India6.85- 7.85%
Bank of Maharashtra7.05-8.45%
UCO Bank7.15-10.45%
IDBI Bank7.5-9%
Indian Bank7%
Indian Overseas Bank7.05-7.3%