There are various factors that can impact your home loan interest rate. These include:
Home Location: Depending on the state of residence in India, the rate of interest on your home loan may vary.
Home Loan Amount: Your Home Loan amount has a direct impact on the interest rate.
Loan Tenure: The loan tenure will affect the loan interest rate.
Type of Interest: Fixed interest rates are typically higher than floating rates of interest.
Loan Type: Rates of interest may differ depending on the category of home loan you choose to avail.