Know these home loan interest rates and how to calculate rate of interest
In India, most of the home loans are offered by the banks and the interest rates offered vary from bank to bank. The normal range of home loan interest rates are from 8.35% to 14.00%. The front runners are SBI, ICICI, Standard chartered bank and LIC. Some banks such as SBI and ICICI bank give a privilege to its women borrowers. This encourages women o put a hand for buying her own house. There are many platforms for you in internet to compare the home loan interest rates offered by different banks and then to decide. Apart from this you can also calculate your EMI by just entering some particulars. This calculation will help you decide the loan amount and home loan interest rates that you can pay easily without compromising on your daily expenses. You must be careful enough to observe home loan interest rates before going for a home loan. There are two types of interest rates i.e. fixed and floating. Choose the best interest rate as per the mode of repayment you would choose.