8. Union Bank: Like Bank of Baroda even the union bank is offering 10.25 percent of interest rates on the home loans. To avail Union Bank’s home loans there are certain eligibility requirements. The individual seeking a home loan should be an Indian citizen, and above 21 years of age; he can apply for home loan either single or jointly with other family members, for example, father, mother, son or spouse; one who have regular sources of income as co-applicants; and NRIs are also eligible for the home loan. Repayment period of this home loan is up to 30 years and the procedure of this repayment is comparatively flexible.

9. Bank of India: The current interest rates provided on home loan by Bank of India range from 10.20 percent to 10.45 percent. Salaried employees, professionals like doctors, lawyers, engineers, chartered accountants, self-employed persons, NRIs, PIOs and HUF are eligible for this home loan. Benefits and features consist of purchasing or constructing house or flat or renovate or extend or repair existing house or flat, , no extra charges like commitment or administrative, option for different EMI amounts for different periods, you can prepay the loan, interest is calculated on daily balance basis which is of great relief for customers as it results in lower interest amount.

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