festive season Banks are giving a big gift to home buyers. In fact, many government banks have announced to waive the processing fees on home loans this festive season. According to the information given on their websites, many banks including Central Bank of India, Canara Bank, Indian Overseas Bank, Bank of Baroda and Punjab National Bank have completely waived the processing fees for the period from December 2024 to March 2025. Done.
These banks are giving cheap home loans
- Central Bank of India – 8.5% to 9.5%
- Punjab National Bank- 8.4% (Floating)
- Bank of Baroda – 8.4% to 10.6% (depending on CIBIL score)
- Indian Overseas Bank – 9.35% (linked to repo rate)
- State Bank of India- 8.50% to 9.65%
- HDFC Bank- 8.75%
- ICICI Bank- 9.25% to 9.65%
- Kotak Mahindra Bank- 8.75% (Starting from Rs.
Private sector banks are not giving discounts
Like government banks, private sector banks have not yet announced processing fee waiver on home loans. Public sector banks generally offer more attractive home loan rates, making them the preferred institutions for borrowers. The lowest rate offered by some private banks on loans up to Rs 30 lakh is 8.70%, while government banks are offering the same loan for up to 30 years at 8.35%.
