{"id":2023,"date":"2023-07-17T09:12:45","date_gmt":"2023-07-17T09:12:45","guid":{"rendered":"https:\/\/www.basichomeloan.com\/blog\/?p=2023"},"modified":"2025-04-02T09:50:49","modified_gmt":"2025-04-02T09:50:49","slug":"securing-lowest-home-loan-interest-rate","status":"publish","type":"post","link":"https:\/\/www.basichomeloan.com\/blog\/home-loans\/securing-lowest-home-loan-interest-rate","title":{"rendered":"Securing Lowest Home Loan Interest Rate: Cracking the Code for You"},"content":{"rendered":"<p>Buying your own house in today\u2019s time can be a challenging financial proposition, and that is where home loans come to your rescue. However, another challenge awaits you when you plan to secure a loan from a bank or financial institution and that is the difficulty in finding the lowest home loan interest rate deal. The reason to look for loans with low interest rates is that the tenure of home loans is 20-30 years, generally. Now imagine being in a situation, where you have to shell out a sizeable amount of money just to pay the interest on the principal amount of your loan, for all these years. It can be burdensome for anybody. Therefore, financial experts advise home buyers to pick up loans from those lending organizations, that offer competitive interest rates on home loans.<\/p>\n<p><strong>Table of Contents<\/strong><\/p>\n<ul>\n<li><strong><a href=\"#1\">Comparing Housing Loan Interest Rates<\/a><\/strong><\/li>\n<li><strong><a href=\"#2\">Factors that determine whether you can land with the Lowest House Loan Rates<\/a><\/strong>\n<ol>\n<li><strong><a href=\"#3\">Loan amount<\/a><\/strong><\/li>\n<li><strong><a href=\"#4\"> Type of Interest Rate<\/a><\/strong><\/li>\n<li><strong><a href=\"#5\">Employment and Income<\/a><\/strong><\/li>\n<li><strong><a href=\"#6\">Credit Score<\/a><\/strong><\/li>\n<li><strong><a href=\"#7\">Concession on Interest rates for Women borrowers<\/a><\/strong><\/li>\n<\/ol>\n<\/li>\n<\/ul>\n<h2><strong><span id=\"1\">Comparing Housing Loan Interest Rates<\/span><\/strong><\/h2>\n<p>As a home buyer, you must understand the criticalities of availing a loan and one of the factors to focus on is the home loan interest rate. Remember, the interest rates will have a significant impact on the overall cost of your house. Since house loans have long repayment tenure, even minor differences in the rate of interest can have considerable financial implications. Thus, it becomes a necessity for a housing loan buyer to compare interest rates offered by various financial institutions and zero down on the ones that offer the lowest home loan rates.<\/p>\n<p><strong>Suggested read: <a href=\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/fixed-vs-variable-home-loan-interest-rates\">Fixed vs Variable Home Loan Interest Rates<\/a><\/strong><\/p>\n<p><strong>Here is the latest home loan interest rate list of Top Public Banks of India (July 2025)<\/strong><\/p>\n<table style=\"border-collapse: collapse; width: 100%; border-width: initial;\" border=\"1\">\n<colgroup>\n<col style=\"width: 25%;\" \/>\n<col style=\"width: 25%;\" \/>\n<col style=\"width: 25%;\" \/>\n<col style=\"width: 25%;\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"text-align: center; border-width: initial;\" data-sheets-value=\"{\"><strong>Bank<\/strong><\/td>\n<td style=\"text-align: center; border-width: initial;\" data-sheets-value=\"{\"><strong>Up to Rs. 30 Lakh<\/strong><\/td>\n<td style=\"text-align: center; border-width: initial;\" data-sheets-value=\"{\"><strong>Above Rs. 30 Lakh &amp; Up to Rs. 75 Lakh<\/strong><\/td>\n<td style=\"text-align: center; border-width: initial;\" data-sheets-value=\"{\">\n<div>\n<div><strong>Above Rs. 75 Lakh<\/strong><\/div>\n<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">UCO Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.45% \u2013 10.30%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.45% \u2013 10.30%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.45% \u2013 10.30%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Bank of India<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.45% \u2013 10.75%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.45% \u2013 10.75%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.45% \u2013 10.75%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Union Bank of India<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.50% \u2013 10.75%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.50% \u2013 10.95%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.50% \u2013 10.95%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">State Bank of India<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.50% \u2013 10.15%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.50% \u2013 10.05%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.50% \u2013 10.05%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Bank of Baroda<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.60% \u2013 10.65%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.60% \u2013 10.65%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.60% \u2013 10.90%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Bank of Maharashtra<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.60% \u2013 11.05%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.60% \u2013 11.05%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.60% \u2013 11.05%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Punjab National Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.65% \u2013 9.60%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.60% \u2013 9.50%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.60% \u2013 9.50%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Punjab &amp; Sind Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.85% \u2013 9.95%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.85% \u2013 9.95%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.85% \u2013 9.95%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Canara Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.85% \u2013 11.25%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.75% \u2013 11.25%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.55% \u2013 11.15%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Indian Overseas Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.85% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.85% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.85% onwards<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin: 0cm; text-align: justify; background: white;\"><strong><span lang=\"EN-US\" style=\"color: #222222; mso-ansi-language: EN-US;\"><br \/>\nHere is the current list of rates of interest on Home Loans of Top Private Banks in India (July 2025)<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<table style=\"border-collapse: collapse; width: 100%; border-width: initial;\" border=\"1\">\n<colgroup>\n<col style=\"width: 25%;\" \/>\n<col style=\"width: 25%;\" \/>\n<col style=\"width: 25%;\" \/>\n<col style=\"width: 25%;\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"text-align: center; border-width: initial;\" data-sheets-value=\"{\"><strong>Bank<\/strong><\/td>\n<td style=\"text-align: center; border-width: initial;\" data-sheets-value=\"{\"><strong>Up to Rs. 30 Lakh<\/strong><\/td>\n<td style=\"text-align: center; border-width: initial;\" data-sheets-value=\"{\"><strong>Above Rs. 30 Lakh &amp; Up to Rs. 75 Lakh<\/strong><\/td>\n<td style=\"text-align: center; border-width: initial;\" data-sheets-value=\"{\">\n<div>\n<div><strong>Above Rs. 75 Lakh<\/strong><\/div>\n<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Kotak Mahindra Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.75% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.75% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.75% onwards<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Karnataka Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.75% \u2013 10.43%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.75% \u2013 10.43%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.75% \u2013 10.43%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">ICICI Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.00% \u2013 9.80%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.00% \u2013 9.95%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.00% \u2013 10.05%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Axis Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.00% \u2013 13.30%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.00% \u2013 13.30%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.00%- 9.40%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">RBL Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.15% \u2013 11.55%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.10% \u2013 11.30%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.10% \u2013 11.30%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Bandhan Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.15% \u2013 15.00%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.15% \u2013 13.32%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.15% \u2013 13.32%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Karur Vysya Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.23% \u2013 12.13%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.23% \u2013 12.13%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.23% \u2013 12.13%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Tamilnad Mercantile Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.35% \u2013 9.85%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.35% \u2013 9.85%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.35% \u2013 9.85%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Dhanlaxmi Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.35% \u2013 10.50%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.35% \u2013 10.50%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.35% \u2013 10.50%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">South Indian Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.85% \u2013 12.60%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.85% \u2013 12.60%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.85% \u2013 12.60%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Federal Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">10.15% \u2013 10.20%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">10.20% \u2013 10.25%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">10.25% \u2013 10.30%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin: 0cm; text-align: justify; background: white;\"><span style=\"color: #222222;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0cm; text-align: justify; background: white;\"><strong><span lang=\"EN-US\" style=\"color: #222222; mso-ansi-language: EN-US;\">Here is the latest home loan interest rate list of Housing Finance Companies in India (July 2025)<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<table style=\"border-collapse: collapse; width: 100%; border-width: initial;\" border=\"1\">\n<colgroup>\n<col style=\"width: 25.0478%;\" \/>\n<col style=\"width: 25.0478%;\" \/>\n<col style=\"width: 25.0478%;\" \/>\n<col style=\"width: 24.8566%;\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"text-align: center; border-width: initial;\" data-sheets-value=\"{\"><strong>Housing Finance Company<\/strong><\/td>\n<td style=\"text-align: center; border-width: initial;\" data-sheets-value=\"{\"><strong>Up to Rs. 30 Lakh<\/strong><\/td>\n<td style=\"border-width: initial; text-align: center;\" data-sheets-value=\"{\"><strong>Above Rs. 30 Lakh &amp; Up to Rs. 75 Lakh<\/strong><\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">\n<div>\n<div style=\"text-align: center;\"><strong>Above Rs. 75 Lakh<\/strong><\/div>\n<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">LIC Housing Finance<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.50% \u2013 10.35%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.50% \u2013 10.55%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.50% \u2013 10.75%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">HDFC Bank<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.50% \u2013 10.35%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.50% \u2013 10.60%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.50% \u2013 10.70%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Bajaj Housing Finance<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.50% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.50% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.50% onwards<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Tata Capital Housing Finance<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.60% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.60% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.60% onwards<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">L&amp;T Housing Finance<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.60% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.60% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.60% onwards<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Godrej Housing Finance<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.64% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.64% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.64% onwards<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Indiabulls Housing Finance<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.75% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.75% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.75% onwards<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">PNB Housing Finance<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.75% \u2013 14.50%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.75% \u2013 11.50%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.75% \u2013 11.45%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">GIC Housing Finance<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.80% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.80% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.80% onwards<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Aditya Birla Capital<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.80% \u2013 14.75%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.80% \u2013 14.75%<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">8.80% \u2013 14.75%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">ICICI Home Finance<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.20% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.20% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.20% onwards<\/td>\n<\/tr>\n<tr>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">Repco Home Finance<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.80% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.80% onwards<\/td>\n<td style=\"border-width: initial;\" data-sheets-value=\"{\">9.80% onwards<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Based on the interest rate lists mentioned above, you should pick at least 5 financial institutions, and then not just compare their rates but also compare their eligibility and other requisites to see whether you meet their criteria.<\/p>\n<p><strong>Suggested read: <a href=\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/why-fixed-interest-rate-home-loans-are-not-constant\">Fixed Interest Rate Home Loans<\/a><\/strong><\/p>\n<h2><strong><span id=\"2\">5 Factors that determine whether you can Land with the Lowest House Loan Rates<\/span><\/strong><\/h2>\n<h3><strong><span id=\"3\">1. Loan amount\u00a0<\/span><\/strong><\/h3>\n<p>A major factor that determines the interest rate on a house loan is the loan amount itself. The more the loan amount, the higher the rate. Therefore, loan experts advise that it is better to apply for loans up to \u20b930 lakh as these usually have the lowest rates of interest, and to do so, borrowers should try to make maximum down-payment for their property.<\/p>\n<h3><strong><span id=\"4\">2. Type of Interest Rate<\/span><\/strong><\/h3>\n<p>Another factor that defines whether you pay a low interest rate is the type of interest you end up choosing. In the case of fixed interest rates, the interest on the EMIs remains constant for the entire tenure of the loan, and usually, banks charge a higher rate of interest on it. On the other hand, in the case of variable interest rates, banks charge lower rates than fixed ones. Also, since there is a change in interest rates about the Repo Linked Lending Rate, you may end up paying low interest.<\/p>\n<h3><strong><span id=\"5\">3. Employment and Income<\/span><\/strong><\/h3>\n<p>Financial institutions while evaluating home loan applications focus on the applicant\u2019s type of employment, income, and work profile. Those working with PSUs or government or those employed with reputed private sector firms have more chances of getting their loan approved and second, a chance to get the lowest interest rates on home loans as banks see less uncertainty of non-repayment of loan in such cases. This becomes the opposite if the applicants have insufficient or irregular income sources.<\/p>\n<h3><strong><span id=\"6\">4. Credit Score\u00a0<\/span><\/strong><\/h3>\n<p>A good credit score is an indication for financial institutions about your credit history. If you have diligently paid your credit card bills or EMIs of other loans on time, then it will work in your favor to get you low-interest rates on home loans. Banks prefer those applicants, who have a credit score of 750 or above and are likely to lower their interest rates.<\/p>\n<h3><strong><span id=\"7\">5. Concession on Interest rates for Women borrowers<\/span><\/strong><\/h3>\n<p>A few lending institutions have the provision of giving a concession of up to 0.05% on home loans to women borrowers. Therefore, married couples planning to apply for a loan should consider taking a joint loan in the name of the wife, making her the primary applicant to avail this concession. Also, taking a joint loan increases the chances of securing a house loan but there are many benefits attached to it, one of them being the low interest rates.<\/p>\n<p>So, if you have plans to apply for a home loan shortly, do follow these tips, sit back, and wait for the loan approval letter with the lowest interest rate!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buying your own house in today\u2019s time can be a challenging financial proposition, and that is where home loans come to your rescue. However, another challenge awaits you when you plan to secure a loan from a bank or financial institution and that is the difficulty in finding the lowest home loan interest rate deal. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lowest Home Loan Interest Rate of All Banks\/HFCs<\/title>\n<meta name=\"description\" content=\"In this blog we&#039;ll explore financial experts advice home buyers to pick up loans from those lending organizations, who offer competitive interest rates on home loans.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/securing-lowest-home-loan-interest-rate\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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