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Home Loan: Government Banks That Are Offering Lowest Interest Rates

Team BankBazaar


Home loan rates have been falling after the RBI’s directive asking banks to link their home loan interest rates with the repo rate. In case you are looking to take a home loan, here are the interest rates being offered by the major public sector banks in India.

Institution Under Rs. 30 L Rs. 30 Lto 75 L Rs. 75 L plus
Allahabad Bank 8.25- 8.65 8.25- 8.65 8.25- 8.85
Andhra Bank 8.15- 8.3 8.15- 8.2 8.15- 8.3
Bank of Baroda 8.15- 9.15 8.15- 9.15 8.15- 9.15
Bank of India 8- 8.9 8- 8.9 8- 8.9
Bank of Maharashtra 8.25- 8.6 8.25- 8.6 8.25- 8.7
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 8.1-8.2 8.1-8.2 8.1-8.35
Indian Bank 8.3- 8.4 8.3- 8.5 8.4- 8.65
IOB 8.2 8.2-8.3 8.3-8.45
IDBI Bank 8.25- 9 8.25- 9 8.25- 9
Punjab National Bank 7.9-8.35 7.9-8.6 8.05-8.7
Punjab & Sind Bank 8.05-8.4 8.05-8.4 8.05-8.4
State Bank of India 7.9-8.3 7.9-  8.45 8.15-8.55
UCO Bank 8.05-8.15 8.05-8.15 8.05-8.15
Union Bank of India 8-8.3 8-8.3 8.15-8.35
United Bank of India 8-8.15 8-8.15 8-8.15

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.