June 8, 2023
Business

Central Bank revises Home Loan Interest Rate

Ketan Desai
Read Time:1 Minute, 34 Second

New Delhi (India), March 23: Public sector lender Central bank of India changes the Home loan interest rate. The revised rate for interest rate for the Home loans is applicable from 4th March, 23. Central Bank of India offers a rate of an interest rates for Home loans up to 30 lahks is 4.45  to 9.80. Earlier, it was 8.35 to 9.55. There are also changes in interest rate for Home loan above 30  lakh upto 75 lakh i.e. 8.45 to 9.80. Earlier, the rate was 8.35 to 9.55. The Rate of interest of Home loan above 75 lakh is revised from 4th March, 23. The revised rate is 8.45 to 9.80

Rate of Interest on Fixed Deposit
  Highest Slab 1 year tenure 3 year tenure 5 year tenure
Previous w.e.f. 10.02.2023 8.60 7.25 6.75 6.75
Revised w.e.f. 10.03.2023 8.60 7.25 6.75 6.75

Central bank also cleared that there is no changes in Rate of Interest on Fixed Deposit. Highest Slab s 8.60, for 1 year tenure is 7.25, for 3 year tenure it was 6.75 and for 5 year tenure it was 6.75.

Rate of Interest on Home Loan
  Up to 30 lakh Above 30 lakh &

up to 75 lakh

 Above 75 lakh
Previous w.e.f. 04.01.2023 8.35 to 9.55 8.35 to 9.55 8.35 to 9.55
Revised w.e.f. 04.03.2023 8.45 to 9.80 8.45 to 9.80 8.45 to 9.80

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