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Here Are The Banks Offering Lower Interest Rate On Home Loan

Team BankBazaar


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 Loan <= Rs 30 Lac Loan 30 Lac<= Rs 75 Lac Loan >=Rs 75 Lac MCLR** Wef
Banks
Floating Rates :
Allahabad Bank 8.75 8.75 8.75- 9.15 8.55 01-Nov-18
Andhra Bank 8.75- 8.8 8.75- 8.8 8.75- 8.9 8.7 15-Nov-18
Axis Bank^ 8.8-8.85 8.8- 9.0 8.95- 9.05 8.65 17-Oct-18
Bank of Baroda**^ 8.65-9.65 8.65-9.65 8.65-9.65 8.65 07-Nov-18
Bank of India 8.75- 8.8 8.75- 8.8 8.75- 8.8 8.6 10-Oct-18
Bank of Maharashtra 8.75- 8.85 8.75- 8.85 8.75- 8.95 8.75 07-Nov-18
Canara Bank 8.75- 8.8 8.75- 8.9 8.85- 8.95 8.7 07-Nov-18
Central Bank 8.6 8.6 8.6 8.6 01-Nov-18
Corporation Bank* 8.5-8.95 8.5-8.95 8.5-9.3 8.5^^ 15-Sep-18
Dena Bank 8.6- 8.65 8.6- 8.65 8.6- 8.75 8.6 01-Nov-18
Federal Bank^ 8.6-9.2 8.6-9.2 8.6-9.2 9.1 16-Oct-18
HDFC Bank 8.8-9 8.8- 9.15 8.95- 9.2 01-Oct-18
ICICI Bank 9.0- 9.1 9.0- 9.2 9.10-  9.25 8.7 01-Oct-18
Indian Bank 8.7 8.7 8.7- 8.8 8.7 09-Nov-18
IOB 8.7 8.7- 8.8 8.8-8.95 8.7 10-Sep-18
IDBI Bank^ 8.65- 8.7 8.65- 8.85 8.8- 8.95 8.65 12-Nov-18
J&K Bank 8.75- 8.85 8.75- 8.85 8.75- 9.15 8.75^ 10-Nov-18
Karnataka Bank^ 8.7 8.7 8.7- 9.1 8.65 01-Nov-18
Karur Vysya Bank* 8.9- 9.65 8.9- 9.65 8.9- 9.65 9.65 07-Nov-18
Punjab National Bank 8.7-8.75 8.7-8.75 8.7-8.8 8.5 01-Nov-18
Punjab & Sind Bank 8.8 8.8 8.8- 9.05 8.8 16-Oct-18
State Bank of India 8.7- 9 8.7-  9.15 8.85-9.3 8.5 01-Nov-18
South Indian Bank^^^ 8.95-9.35 8.95-9.35 8.95-9.35 8.9^ 20-Oct-18
Syndicate Bank 8.8 8.8 8.8 8.8 10-Oct-18
Tamilnad Mercantile Bank 9.2 9.2 9.2 9.2 Oct-18
UCO Bank 8.65 8.65- 8.75 8.75- 8.9 8.65 10-Sep-18
Union Bank of India 8.75- 8.85 8.75- 8.85 8.75- 8.9 8.65 01-Nov-18
United Bank of India^ 8.65 8.65 8.65 8.65 14-Sep-18
Vijaya Bank 8.75 8.75 8.75 8.75 08-Nov-18
Fixed Rates :
Axis Bank 12 12 12 NA
Corporation Bank 12.05- 12.55 12.55 12.55 15-Sep-18
Dena Bank 11.25 11.75 11.75 01-Feb-18
HDFC Bank 9.3- 9.5 9.3- 9.65 9.45- 9.7 01-Oct-18
ICICI bank 9.25- 9.95 9.25- 10.3 9.35- 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-Sep-18
Vijaya Bank Na
Housing Finance Companies
Floating Rates :
Dewan Housing*** 10 10 10 NA
Tata Capital 9.05- 9.2 9.05- 9.45 9.2- 9.45 05-Oct-18
Piramal Capital & Housing Finance*^* 8.65% 8.65% 8.65% NA
PNB Housing 9- 12.5 9- 12.5 9.1- 12.5 NA
Central Bank Housing 9.8-9.95 9.9- 9.95 9.9- 9.95 01-Jan-17
HDFC Ltd 8.8- 9.5 8.8- 9.65 8.95- 9.7 NA
Indiabulls Housing Finance Ltd 8.8- 10.35 8.8- 10.35 8.8- 11 NA
Fixed Rates :
PNB Housing^*^ 9.25- 12.0 9.25- 12.0 9.25- 12.0 NA
HDFC Ltd 9.3- 10 9.3- 10.15 9.5- 10.2 NA
Indiabulls Housing Finance Ltd^* 9.25-10.3 9.25-10.3 9.25-11.2 NA
^* rate updated as on 14 Sep 18; ^*^as on 12 Oct 2018
^^3 Month MCLR
** 1 Year MCLR ref rate; *^* 8.65% Onwards
***10% 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 16 Nov 18)

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