Home Loan Interest Rate June 2025: If you are dreaming of buying a house or want to get relief from the EMI of an existing loan, then this news can prove to be very beneficial for you. The Reserve Bank of India (RBI) reduced its repo rate by 50 basis points (0.50%) in June 2025. After this, 7 big banks in the country have reduced their Repo Linked Lending Rate (RLLR) and External Benchmark Lending Rate (EBLR). Its direct benefit will be given to those customers who want to take or have already taken a floating home loan.
Indian Overseas Bank has reduced the interest rates from 8.85% to 8.35% RLLR in June, the new interest rates are applicable from June 12, 2025.
SBI has reduced RLLR from 8.25% to 7.75% + Credit Risk Premium (CRP). The new rate is effective from June 15, 2025.
Union Bank of India has reduced both EBLR and RLLR by 50 basis points to make EBLR 8.25%. This came into effect from June 11, 2025. This change will also apply to home, personal and MSME loans.
Canara Bank has reduced RLLR from 8.75% to 8.25%, which will be effective from June 12, 2025.
PNB has reduced RLLR from 8.85% to 8.35% from June 9, 2025, including a bank spread of 20 basis points.
BoB has reduced its BRLLR from 8.65% to 8.15%. The new rates are effective from June 7, 2025.
Bank of India has also reduced the RBLR from 8.85% to 8.35%. This has become effective from June 6, 2025.
You may also like
Suryavanshi becomes fastest and youngest centurion in Youth ODIs
Trump's 50% tariff threat looms: EU considers temporary trade deal with US; Von der Leyen pushes for 'agreement in principle'
Ryanair passengers break bones to escape plane after 'loud bang and utter chaos'
Tripura: TMP leaders to meet HM Amit Shah over tripartite accord
Amit Shah justifies TSU naming, mocks Congress objections