Want to take a home loan? These 7 banks reduced interest rates in June, so know how much benefit you will get on EMI. India-employmentnews  |  21/06/2025 22:15:02

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.

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