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Home Loan: Which Govt Bank Will Offer You Lowest Interest Rate?

Team BankBazaar


Home loan rates have been coming down in recent months. Banks have recently started linking their home loan interest rates with the repo rate as per the RBI’s directives. 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 8.1- 9 8.1- 9 8.1- 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* 8.2- 8.3 8.2- 8.4 8.3- 8.55
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 8.45 8.45 8.45
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 8.2-8.3 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 10 Feb 2020. Compiled by BankBazaar.com, India’s leading online marketplace for loans and credit cards.