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Applying For A Home Loan? Know The Interest Rates

Team BankBazaar


Take a look at the interest rates offered by different banks in the country.

Interest Rates on Home Loans ( %)
Institution Loan <= Rs 30 Lac Loan 30 Lac<= Rs 75 Lac Loan >=Rs 75 Lac MCLR** Wef
Banks
Floating Rates :
Allahabad Bank 8.55 8.55 8.55- 9.05 8.5 01-Sep-18
Andhra Bank 8.75- 8.8 8.75- 8.8 8.75- 8.9 8.7 16-Aug-18
Axis Bank^ 8.5-8.55 8.5- 8.7 8.65-8.75 8.5 18-Aug-18
Bank of Baroda**^ 8.55-9.55 8.55-9.55 8.55-9.55 8.55 07-Sep-18
Bank of India 8.7- 8.75 8.7- 8.75 8.7- 8.75 8.55 10-Aug-18
Bank of Maharashtra 8.75- 8.85 8.75- 8.85 8.75- 8.95 8.75 07-Aug-18
Canara Bank 8.65- 8.7 8.65- 8.8 8.75- 8.85 8.6 07-Aug-18
Central Bank 8.6 8.6 8.6 8.6 01-Sep-18
Corporation Bank* 8.5-8.95 8.5-8.95 8.5-9.2 8.4 01-Aug-18
Dena Bank 8.6- 8.65 8.6- 8.65 8.6- 8.75 8.6 01-Sep-18
Federal Bank^ 9.1-9.2 9.1-9.2 9.1-9.2 9.1 16-Aug-18
HDFC Bank 8.7-8.8 8.7-8.9 8.8-8.9 01-Aug-18
ICICI Bank 8.85- 8.95 8.85- 9.05 8.95-  9.1 8.55 01-Sep-18
Indian Bank 8.6 8.6 8.6- 8.7 8.6 02-Aug-18
IOB 8.5 8.5-8.6 8.6-8.75 8.5 10-Apr-18
IDBI Bank^ 8.6- 8.65 8.6- 8.8 8.75- 8.9 8.6 12-Aug-18
J&K Bank 8.65- 8.75 8.65- 8.75 8.65- 9.05 8.65^ 10-Aug-18
Karnataka Bank^ 8.6 8.6 8.6- 9 8.55 01-Aug-18
Karur Vysya Bank* 8.9- 9.55 8.9- 9.55 8.9- 9.55 9.55 07-Aug-18
Punjab National Bank 8.65-8.7 8.65-8.7 8.65-8.75 8.45 01-Sep-18
Punjab & Sind Bank 8.7 8.7 8.7- 8.95 8.7 16-Aug-18
State Bank of India# 8.45- 8.75 8.45- 8.9 8.6-9 8.45 01-Sep-18
South Indian Bank^^^ 8.8-9.25 8.8-9.25 8.8-9.25 8.75^ 20-Aug-18
Syndicate Bank 8.75 8.75 8.75 8.65 10-Jul-18
Tamilnad Mercantile Bank 9.1 9.1 9.1 9.1 Jul-18
UCO Bank 8.55 8.55-8.65 8.65-8.8 8.55 10-Jun-18
Union Bank of India 8.65 8.65 8.65- 8.7 8.55 01-Aug-18
United Bank of India^ 8.6 8.6 8.6 8.6 05-Jul-18
Vijaya Bank 8.55 8.55 8.55 8.55 05-Jul-18
Fixed Rates :
Axis Bank 11.75 11.75 11.75 NA
Corporation Bank 11.95-12.45 12.45 12.45 01-Aug-18
Dena Bank 11.25 11.75 11.75 01-Feb-18
HDFC Bank 8.8- 8.9 8.8- 9.0 8.8- 9.0 01-Aug-18
ICICI bank 8.85- 9.95 8.85-  10.3 8.95- 10.3   NA
Indian Bank 9.6 9.6 9.6-9.7 20-Jul-18
IDBI bank 10.25-10.5 10.25-10.5 10.25-10.5 18-Jun-18
Punjab National Bank 9.15- 9.2 9.15- 9.2 9.15- 9.25 NA
Union Bank of India 11.4 12.4-12.65 12.65 01-Aug-18
Vijaya Bank Na
Housing Finance Companies
Floating Rates :
Dewan Housing*** 8.7 8.7 8.7 NA
Tata Capital 8.7- 8.85 8.7- 9.15 8.85- 9.15 08-Jun-18
PNB Housing 8.99- 12.0 8.99- 12.0 8.99- 12.0 NA
Central Bank Housing 9.8-9.95 9.9- 9.95 9.9- 9.95 01-Jan-17
HDFC Ltd 8.7- 9.3 8.7- 9.4 8.8- 9.4 NA
Indiabulls Housing Finance Ltd 8.7- 10.05 8.7- 10.05 8.7- 10.95 NA
Fixed Rates :
PNB Housing 9.25- 12.0 9.25- 12.0 9.25- 12.0 NA
HDFC Ltd 8.8- 9.4 8.8- 9.5 8.9- 9.5 NA
Indiabulls Housing Finance Ltd 9.25-10.3 9.25-10.3 9.25-11.2 NA
#SBI has increased the MCLR rate but interest rate not updated on its website
^^3 Month MCLR
** 1 Year MCLR ref rate
***8.7% Pa. onwards
^MCLR Reset frequency for Home Loans – Half Yearly
**^additional charge as per risk rating of applicant
^^^ Interest range consider rate on the basis of 6 month and 1 year MCLR both
* Interest range consider rate on the basis of 3 month and 1 year MCLR both
Note :
Fixed/Floating Rates that vary with tenures within the specified loan amounts are indicated as a range. Fixed interest rates may be subject to a revision after a specified tenure depending on the bank’s t&c. Some banks/FIs allows fixed rate only for a definite period and thereafter prevailing floating rates are made applicable.          
Data taken from respective bank’s website  (Rates as on 07 Sep 18)

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