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Home Loan – Which Government Bank Is Offering The Lowest Interest Rate?

Team BankBazaar
Image source: Freepik

Take a look at home loan interest rates being offered by the major public sector banks.

Interest Rates on Home Loans ( %)
Institution Under Rs. 30 L Rs. 30 Lto 75 L Rs. 75 L plus
Allahabad Bank 8.5- 8.9 8.5- 9.05 8.6- 9.1
Andhra Bank* 8.35- 8.4 8.35- 8.4 8.35- 8.5
Bank of Baroda 8.1- 9.1 8.1- 9.1 8.1- 9.1
Bank of India 8.25- 9 8.25- 9 8.25- 9
Bank of Maharashtra 8.4- 8.9 8.4- 8.9 8.4- 9.15
Canara Bank 8.05-10.05 8.05-10.05 8.05-10.05
Central Bank 8-8.3 8-8.3 8-8.3
Corporation Bank 8.35-8.45 8.35-8.45 8.35-8.6
Dena Bank NA NA NA
Indian Bank 8.2- 8.3 8.2- 8.4 8.3- 8.55
IOB 8.2 8.2-8.45 8.3-8.45
Punjab National Bank 7.95-8.1 7.95-8.35 8.2-8.45
State Bank of India 8.2 8.2-  8.45 8.45-8.55
Union Bank of India 8.2-8.3 8.2-8.3 8.2-8.35
United Bank of India 8-8.15 8-8.15 8-8.15

Data taken from respective bank’s website as on 18 Nov 2019. Compiled by BankBazaar.com, a neutral online marketplace for loans and credit cards.