India Markets closed

Applying For A Home Loan? Know The Interest Rates

Team BankBazaar
Image source: jcomp/Freepik

Here are the home loan rates being offered by the major private, public sector banks and housing finance companies in India.

Interest Rates on Home Loans ( %)
Institution Under Rs. 30 lakh Rs. 30 lakh to 75 lakh Rs. 75 lakh plus WEF
Banks
Floating Rates:
Allahabad Bank 8.55- 9.55 8.55- 9.55 8.55- 9.55 14-Jun-19
Andhra Bank 8.45- 8.5 8.45- 8.5 8.45- 8.6 16-Aug-19
Axis Bank 8.9-8.95 8.9- 9.1 9.05- 9.15 18-Jul-19
Bank of Baroda 8.4-9.4 8.4-9.4 8.4-9.4 07-Sep-19
Bank of India 8.5- 8.55 8.5- 8.55 8.5- 8.55 10-Sep-19
Bank of Maharashtra 8.5- 9 8.5- 9 8.5- 9.25 07-Sep-19
Canara Bank 8.4- 8.5 8.4- 8.6 8.55- 8.65 07-Sep-19
Central Bank 8.25 8.25 8.25 19-Sep-19
Corporation Bank 8.45-9 8.45-9 8.45-9 15-Sep-19
Dena Bank NA NA NA NA
Federal Bank 8.9-8.95 8.9- 9.05 9.0-9.1 16-Sep-19
HDFC Bank 8.35- 9.05 8.35- 9.35 8.65-9.45 16-Aug-19
ICICI Bank 8.8-9.1 8.8 – 9.2 8.9-  9.25 01-Sep-19
Indian Bank 8.55- 8.65 8.55- 8.75 8.65- 8.9 03-Sep-19
IOB 8.65 8.65- 8.75 8.75-8.9 10-Aug-19
IDBI Bank 8.65- 8.75 8.65- 8.9 8.8- 9.3 12-Sep-19
J&K Bank 8.5- 8.6 8.5- 8.6 8.5-  8.9 10-Sep-19
Karnataka Bank 8.9 8.9 8.9- 9 01-Aug-19
Karur Vysya Bank 8.8- 11.55 8.8- 11.55 8.8- 11.55 NA
Punjab National Bank 8.5-8.55 8.5-8.55 8.5-8.6 01-Sep-19
Punjab & Sind Bank 8.5 8.5 8.5 16-Sep-19
State Bank of India 8.25- 8.55 8.25-  8.8 8.5-8.95 10-Sep-19
State Bank of Mysore NA NA NA NA
State Bank of Travancore NA NA NA NA
South Indian Bank 8.95-9.25 8.95-9.25 8.95-9.25 20-Sep-19
Syndicate Bank 8.35 8.35 8.35 13-Sep-19
Tamilnad Mercantile Bank 9.2 9.2 9.2 Oct-18
UCO Bank 8.45 8.45- 8.55 8.55- 8.7 10-Sep-19
Union Bank of India 8.45- 8.55 8.45- 8.55 8.45- 8.6 01-Sep-19
United Bank of India 8.45 8.45 8.45 NA
Vijaya Bank NA NA NA NA
Fixed Rates: 
Axis Bank 12 12 12 NA
Corporation Bank 11.75- 12.25 11.75- 12.25 11.75- 12.25 15-Sep-19
Dena Bank NA NA NA NA
HDFC Bank 8.7- 9.4 8.7- 9.7 9- 9.8 16-Sep-19
ICICI bank NA NA NA NA
Indian Bank NA NA NA NA
IDBI bank 10.25-10.5 10.25-10.5 10.25-10.5 13-Aug-19
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-Sep-19
Vijaya Bank NA NA NA NA
Housing Finance Companies
Floating Rates: 
Dewan Housing >=9.75 >=9.75 >=9.75 NA
Tata Capital 9.25 9.25 9.25 06-Aug-19
Piramal Capital & Housing Finance >=9 >=9 >=9 NA
PNB Housing 9.25- 11.5 9.25- 11.5 9.25- 11.5 NA
Central Bank Housing  10.1- 11.3 10.1- 11.8 10.1- 11.8 01-Dec-18
HDFC Ltd 8.35- 9.05 8.35- 9.35 8.65- 9.45 NA
Indiabulls Housing Finance Ltd 8.8- 12 8.8- 12 8.8- 12 NA
Fixed Rates:
PNB Housing NA NA NA NA
Central Bank Home Fin NA NA NA NA
HDFC Ltd 8.7- 9.25 8.7- 9.55 9- 9.65 NA
Indiabulls Housing Finance Ltd NA NA NA NA
Note:
Fixed interest rates may be subject to a revision after a specified tenure depending on the bank’s T&Cs. Some banks/FIs allow fixed rate only for a definite period and thereafter prevailing floating rates are made applicable. Data taken from respective bank’s website as on 20 Sep 2019. Compiled by BankBazaar.com