What is best rate at which i can get Home loan

I don't think you can get a loan if you are a non-resident.

(have to be in the country atleast 6 months in a year to be considered a resident)

I remember some people talking about bob having home loan interest below 7%.

I don't remember who or when.

Even if that's a bust, try psu s, they usually give competitive rates. But I personally would not trust any psu other than sbi.

Sure, I can provide some general guidance, but keep in mind that interest rates can vary based on several factors including market conditions, your credit score, and the policies of individual banks. Since you have a good credit score (CIBIL above 760) and stable employment, you're likely to qualify for competitive rates.

Here are a few steps you can take to explore options for reducing your home loan interest rate:

1. Research Different Banks: Start by researching different banks and financial institutions that offer home loans. Look for ones that advertise competitive interest rates.
2. Check Current Interest Rates: Visit the websites of these banks or contact them directly to inquire about their current home loan interest rates. You can also check financial news websites for updates on prevailing interest rates in the market.
3. Negotiate with Your Current Bank: Before switching banks, it's worth contacting your current lender (AXIS) to see if they're willing to negotiate a lower interest rate. Sometimes, banks are willing to offer better rates to retain existing customers, especially if you have a good repayment history.
4. Consider Balance Transfer: If you find a bank offering a lower interest rate, you can explore the option of transferring your existing home loan balance to the new bank. This process is known as a balance transfer, and it can help you take advantage of lower interest rates without changing your property or loan terms.
5. Compare Loan Terms: Apart from the interest rate, consider other loan terms such as processing fees, prepayment charges, and loan tenure. Sometimes, a lower interest rate may come with higher fees, so it's essential to evaluate the overall cost of the loan.
6. Consult a Financial Advisor: If you're unsure about the best course of action, consider consulting a financial advisor who can provide personalized guidance based on your financial situation and goals.

Remember to thoroughly review the terms and conditions of any new loan offer before making a decision. Additionally, keep in mind that interest rates can fluctuate over time, so it's essential to stay informed about market trends even after you've secured a new loan.

You need to do overall analysis whether it's worth transferring  your loan to other bank just because it's less than 9.4%.

Check how much outstanding you have now, how much % rate new bank is ready to give, processing fees, tax, other charges bla bla bla.

Also since you are NRI , check if all process can be done online OR you need to physically visit india to do it. So add cost of travelling to /fro india.

Calculate if this is all worth hassle.

My suggestion will be - since you are NRI , to pay your outstanding as fast as possible with your savings.

Try canara bank

8.4-8.5% home loan