Kolkata: Home loan rates are a crucial decider of the level of buoyancy in purchase of flats or houses. Analysts have pointed out that though Reserve Bank of India has slashed the Repo Rate by 100 basis points between February and June, the full transmission hasn’t yet happened due to a few factors, especially in the bond market. Data in Paisabazaar.com show that home loan rates begin from the annual rate of 7.35% in Indian banks.

However, one has to keep in mind that not everyone is eligible to get the lowest interest rate in a bank or NBFC. The interest rate that a lender charges a borrower depends on a few factors such as the credit score of the borrower, his/her credit record, repayment track record, level of income etc.

Home loan rates of PSU banks

Union Bank of India, Bank of Ind

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