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Saturday, 3 July 2021

Cheap loans LIC has reduced the interest rate on home loans, now you will get a home loan at 6.66% interest

 Cheap loans

LIC has reduced the interest rate on home loans, now you will get a home loan at 6.66% interest


    The scheme will continue till August 31

    The first installment of the loan should be paid before September 30



LIC Housing Finance Limited has reduced the interest rate on home loans. Under a special LIC scheme, a loan of Rs 50 lakh can be taken till August 31. According to the notification issued by LIC, the new interest rate is for job seekers.


The special thing about this scheme is:


    The interest rate on loans up to Rs 50 lakh has been reduced to 6.66%.

    The scheme will continue till August 31 and the first installment of the loan should be paid before September 30.

    The new interest rate will depend on the ability to borrow. The Sibyl score will be the basis for that.


Kotak Mahindra is offering loans at an interest rate of 6.65%

Kotak Mahindra Bank is offering the cheapest home loan. It offers loans at an interest rate of 6.65%. State Bank of India, the country's largest bank, offers loans at an interest rate of 6.70%. At present, many banks are offering loans at less than 7% interest.


How much interest does another bank lend?

Bank interest rate (%)

Kotak Mahindra 6.65

LIC Housing Finance Ltd. 6.66

SBI 6.70

ICICI 6.70

HDFC Bank 6.70

Axis 6.75

Union Bank of India 6.80

Punjab National Bank 6.80

Bank of Baroda 6.85

Bank of India 6.85

   Read in gujarati


Understand here, how much interest and installment will have to be paid on taking loan from Kotak Mahindra, LIC and SBI?

Loan Amount (in Rupees) Term Interest Rate (in%) Installment (EMI) Total Interest (in Rupees)

10 lakh 20 years 6.65 7,544 8.11 lakh

10 lakh 20 years 6.66 7,550 8.12 lakh

10 lakh 20 years 6.70 7,574 8.18 lakh

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