The Big Loan Bazaar! Find the cheapest loans at these banks

With the festive season approaching, banks have started to reduce interest rates, some to the lowest in a decade. The trend started with Kotak Mahindra Bank but the big boy SBI has beena disruptor slashing the rates across the board. Only with the launch of festive deals, borrowers can now get a home loan for any amount at a rate as low as 6.7 with a concession of 45 basis points. Processing costs have been waived and balance transfer loans are also eligible for the 6.7 percent home loan deal of the bank. Here's a list of the top 10 banks with the lowest interest rates:

Also read/watch: SBI home loan rate cut: Cheaper rates for all loan amounts

1. Citi Bank: 6.5%
2. Kotak Bank: 6.5%
3. Axis: 6.66%
4. LIC Housing Finance: 6.66%
5. SBI: 6.70%
6. HDFC: 6.75%
7. Bank of Baroda: 6.75%
8. ICICI Home Loan: 6.75%
9. Bajaj Home Finance: 6.80%
10. Corporation Bank: 6.80%