Yes, depending on the financial institution, loan amount, and other factors, the interest rate on a home loan can vary. Most banks and mortgage lenders provide home loans with interest rates ranging from 6% to 10%. Some banks also provide fixed interest rates for the first few years, which may be higher than floating rates. Before choosing a home loan, it is critical to compare the interest rates and other fees and charges of various lenders. A home loan interest rate can also be affected by factors such as credit score, loan tenure, and loan-to-value ratio.
