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Applying For A Home Loan? Know The Interest Rates

Team BankBazaar
A quick look at the latest Home Loan interest rates offered by banks.

Here’s a quick look at the latest Home Loan interest rates offered by banks.

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 8.35 8.35 8.35- 8.85 8.3 01-May-18
Andhra Bank 8.45-8.5 8.45-8.5 8.45-8.6 8.4 16-Apr-18
Axis Bank^ 8.4-8.45 8.4- 8.7 8.65-8.75 8.3 18-Apr-18
Bank of Baroda**^ 8.4-9.4 8.4-9.4 8.4-9.4 8.4 07-May-18
Bank of India 8.4 8.4-8.5 8.4-8.5 8.4 10-Apr-18
Bank of Maharashtra 8.65 8.65 8.65-8.75 8.65 07-Apr-18
Canara Bank 8.5- 8.55 8.5- 8.65 8.6- 8.7 8.45 07-May-18
Central Bank 8.45 8.45 8.45 8.45 01-May-18
Corporation Bank 8.4-8.85 8.4-8.85 8.4-9.1 8.3^^ 15-Mar-18
Dena Bank 8.35-8.4 8.35-8.4 8.35-8.5 8.35 01-Apr-18
Federal Bank 8.95-9.2 8.95-9.2 8.95-9.2 8.9 16-Apr-18
HDFC Bank 8.4-8.5 8.4-8.6 8.5-8.6 25-Apr-18
ICICI Bank 8.45 – 8.8 8.45 – 8.85 8.75- 8.95 8.3 NA
Indian Bank 8.4 8.4 8.4-8.5 8.4 09-Apr-18
IOB 8.5 8.5-8.6 8.6-8.75 8.5 10-Apr-18
IDBI Bank^* 8.35- 8.4 8.35-8.55 8.5-8.65 8.35 12-Apr-18
J&K Bank 8.65- 8.75 8.65- 8.75 8.65- 9.05 8.65^ 10-May-18
Karnataka Bank^* 8.55 8.55 8.55-8.95 8.5 01-Dec-18
Karur Vysya Bank 8.65-9.15 8.65-9.15 8.65-9.15 9.15 07-Mar-18
Punjab National Bank 8.5-8.55 8.5-8.8.55 8.5- 8.6 8.3 01-May-18
Punjab & Sind Bank 8.5 8.5 8.5- 8.75 8.5 16-Apr-18
State Bank of India 8.35- 8.65 8.35-8.8 8.5-8.9 8.15 01-Apr-18
South Indian Bank^^^ 8.6-9.0 8.6-9.0 8.6-9.0 8.5^ 20-Apr-18
Syndicate Bank 8.6 8.6 8.6 8.5 10-May-18
Tamilnad Mercantile Bank 8.95 8.95 8.95 8.95 Dec-17
UCO Bank 8.45 8.45-8.55 8.55-8.7 8.45 10-Sep-17
Union Bank of India 8.45 8.45 8.45- 8.5 8.35 01-Apr-18
United Bank of India 8.5 8.5 8.5 8.5^ 11-Apr-18
Vijaya Bank 8.5 8.5 8.5 8.5 20-Sep-17
Fixed Rates : 
Axis Bank 11.75 11.75 11.75 NA
Corporation Bank 11.85-12.35 12.35 12.35 15-Mar-18
Dena Bank 11.25 11.75 11.75 01-Feb-18
HDFC Bank 8.5- 8.6 8.5- 8.7 8.6- 8.7 25-Apr-18
ICICI bank 8.45-9.8 8.45-10.2 8.8-10.2 NA
Indian Bank 9.4 9.4 9.4-9.5 09-Apr-18
IDBI bank 10.10-10.35 10.10-10.35 10.10-10.35 01-Jul-17
Punjab National Bank 9- 9.05 9- 9.05 9- 9.1 NA
Union Bank of India 11.4 12.4-12.65 12.65 01-Apr-18
Vijaya Bank Na
Housing Finance Companies
Floating Rates : 
Dewan Housing*** 8.35 8.35 8.35 NA
Tata Capital 8.5- 8.75 8.5- 8.95 8.65- 9.05 13-Apr-18
PNB Housing 8.85- 11.75 8.85- 11.75 8.85- 11.75 NA
Central Bank Housing 9.8-9.95 9.9- 9.95 9.9- 9.95 01-Jan-17
HDFC Ltd 8.4-9 8.4-9.1 8.5-9.1 NA
Indiabulls Housing Finance Ltd 8.4-9.75 8.4-9.75 8.4- 11.25 NA
Fixed Rates :
PNB Housing 8.4- 11.75 8.4- 11.75 8.55- 11.75 NA
HDFC Ltd 8.5-9.1 8.5-9.2 8.6- 9.2 NA
Indiabulls Housing Finance Ltd 8.95-10 8.95-10 8.95-11.5 NA
^^3 Month MCLR
** 1 Year MCLR ref rate
***8.35% onwards
^MCLR Reset frequency for Home Loans – Half Yearly
^*For Plain Home Loan with MCLR Reset frequency for Home Loans – 6 Months
**^additional charge as per risk rating of applicant
^^^ Interest range consider rate on the basis of 6 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.            (Rates as on 11 May 18
Data taken from respective bank’s website

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