2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Axis Bank
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SBI Bank
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ICICI Bank
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HDFC Bank
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Detailed explanation-1: -1. Which bank takes the lowest interest rate on home loans? HSBC provides people with the lowest interest rate on home loans which range from 6.85% to 7.5 % p.a.
Detailed explanation-2: -State Bank of India (SBI) offers Shaurya Home Loan scheme to the army and other defense personnel. The interest rates of SBI Shaurya Home Loan start from 8.60% p.a. for tenures of up to 30 years.
Detailed explanation-3: -For central government and state government employees, the House Building Advance (HBA) scheme provides a home loan for the construction of a new home. Previously, government employees were entitled to take an HBA of up to INR 7.5 lacs. However, due to recent policy changes, you can now get a loan of up to INR 25 lacs.