Syndicate Bank, Indian Overseas Bank and Union Bank are offering 15-year Rs. 20-lakhfloating rate home loans at 10.50 per cent while the rate for same would be at least 0.25 per cent more if taken from private banks like Axis or Kotak Mahindra Bank.
A potential customer can take a 15-year floating rate loan of Rs. 20 lakh from SBI at an interest rate of 10.25 per cent,while a similar one from ICICI Bank would cost 10.50 per cent.