Relief: Kotak Mahindra Bank will continue to provide home loans at 6.65%, see here how much interest you have to pay on a loan at this interest rate
Relieving home loan borrowers, Kotak Mahindra Bank said it would continue to provide loans at an interest rate of 6.65%. Kotak Mahindra is currently offering home loans at the lowest interest rates. Kotak Mahindra Bank has decided to provide loans at an interest rate of 6.65% till March 31 under a special offer. Which the bank has now decided to take forward.
SBI's home loans became more expensive
this month. Earlier this month, the SBI raised interest rates on home loans from 6.70 to 6.95%. Earlier, the bank was offering loans at a rate of 6.70% under a special offer till March 31.
At what interest rate is the other bank lending?
| Bank | Interest rate (%) |
| ICICI | 6.70 |
| HDFC Bank | 6.70 |
| Citibank | 6.75 |
| Union Bank of India | 6.80 |
| Punjab National Bank | 6.80 |
| Bank of Baroda | 6.85 |
| Bank of India | 6.85 |
Understand here how much interest and installments you have to pay on taking loans from Kotak Mahindra, ICICI and SBI.
| Loan Amount (in Rs.) | Duration | Interest rate (in%) | Installment (EMI) | Total interest (in Rs.) |
| 10 lakhs | 20 years | 6.65 | 7,544 | 8.10 lakh |
| 10 lakhs | 20 years | 6.70 | 7,574 | 8.17 lakh |
| 10 lakhs | 20 years | 6.95 | 7,723 | 8.53 lakhs |
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