e home loan space, PSU banks still have an interest rate edge and th.competition is also set to get hotter.
While HDFC and ICICI Bank offer floating rate home loans at 9.5%, banks like SBI and Bank of Baroda offer rates between 8.75 to 9%.
This is the first time in the past five years, that PSU bank's interest rates are nearly 0.5% cheaper than their private counterparts. Bankers are not willing to rule out any more price hikes, which may mean higher EMIs.
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