With the RBI raising the repo rate, all banks will now have to raise interest rates on home loans. Obviously, all loans will be expensive now, loans were cheaper in the Corona era. Debts are still within the reach of the common man. However, the decision taken by the Reserve Bank will make them a bit more expensive. Therefore, EMI will also increase. Which bank is in the current situation?

Let’s see what the interest rate is …

Name of the bank                        Interest Rate

State Bank of India                         6.65%

Union Bank of India                       6.60%

Bank of Baroda                              6.50%

HDFC Limited                                6.70%

Central Bank of India                     6.85%

Punjab National Bank                    6.50%

Bank of Maharashtra                    6.40%

Axis Bank                                       6.90%

LIC Housing                                  6.90%

(The above interest rate is till 4th May 2022 and now It will increase by 0.4 percent)