Home loan interest rates are on a decline. Banks have been linking their home loan interest rates to repo rate after the RBI asked them to do so. In case you are looking to take a home loan, here are the interest rates being offered by the major private banks in India.
|Institution||Under Rs. 30 L||Rs. 30 Lto 75 L||Rs. 75 L plus|
|Federal Bank||8.55-8.6||8.55- 8.65||8.6-8.7|
|ICICI Bank||8.25-9.15||8.25 – 9.25||8.4- 9.35|
|J&K Bank||8.2- 8.3||8.2- 8.3||8.2- 8.6|
|Karur Vysya Bank||8.2-10.05||8.2-10.05||8.2-10.05|
|South Indian Bank||8.8||8.8||8.8|
|Tamilnad Mercantile Bank||9.1||9.1||9.1|
Data taken from respective bank’s website as on 17 Feb 2020. Compiled by BankBazaar.com, India’s leading online marketplace for loans and credit cards.