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Planning To Take A Home Loan? Here Are The Interest Rates

Team BankBazaar


Take a look at the interest rates offered by different banks in the country.

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 8.7 8.7 8.7- 9.1 8.5 01-Sep-18
Andhra Bank 8.75- 8.8 8.75- 8.8 8.75- 8.9 8.7 15-Sep-18
Axis Bank^ 8.7-8.75 8.7- 8.95 8.85- 9.05 8.6 18-Sep-18
Bank of Baroda**^ 8.55-9.55 8.55-9.55 8.55-9.55 8.55 07-Sep-18
Bank of India 8.75- 8.8 8.75- 8.8 8.75- 8.8 8.6 10-Sep-18
Bank of Maharashtra 8.75- 8.85 8.75- 8.85 8.75- 8.95 8.75 07-Aug-18
Canara Bank 8.65- 8.7 8.65- 8.8 8.75- 8.85 8.6 07-Aug-18
Central Bank 8.6 8.6 8.6 8.6 01-Sep-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-Sep-18
Federal Bank^ 8.6-9.2 8.6-9.2 8.6-9.2 9.1 16-Sep-18
HDFC Bank 8.7-8.9 8.7- 9.05 8.85- 9.1 10-Sep-18
ICICI Bank 8.85- 8.95 8.85- 9.05 8.95-  9.1 8.55 01-Sep-18
Indian Bank 8.6 8.6 8.6- 8.7 8.6 07-Sep-18
IOB 8.5 8.5-8.6 8.6-8.75 8.5 10-Apr-18
IDBI Bank^ 8.6- 8.65 8.6- 8.8 8.75- 8.9 8.6 12-Sep-18
J&K Bank 8.7- 8.8 8.7- 8.8 8.7- 9.10 8.7^ 10-Sep-18
Karnataka Bank^ 8.6 8.6 8.6- 9 8.55 01-Aug-18
Karur Vysya Bank* 8.9- 9.55 8.9- 9.55 8.9- 9.55 9.55 07-Aug-18
Punjab National Bank 8.65-8.7 8.65-8.7 8.65-8.75 8.45 01-Sep-18
Punjab & Sind Bank 8.8 8.8 8.8- 9.05 8.8 16-Sep-18
State Bank of India 8.65- 8.95 8.65-  9.1 8.8-9.25 8.45 01-Sep-18
South Indian Bank^^^ 8.9-9.35 8.9-9.35 8.9-9.35 8.9^ 20-Sep-18
Syndicate Bank 8.9 8.9 8.9 8.8 10-Sep-18
Tamilnad Mercantile Bank 9.1 9.1 9.1 9.1 Jul-18
UCO Bank 8.65 8.65- 8.75 8.75- 8.9 8.65 10-Sep-18
Union Bank of India 8.65 8.65 8.65- 8.7 8.55 01-Aug-18
United Bank of India^ 8.65 8.65 8.65 8.65 14-Sep-18
Vijaya Bank 8.55 8.55 8.55 8.55 05-Jul-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 8.8- 8.9 8.8- 9.0 8.8- 9.0 01-Aug-18
ICICI bank 8.85- 9.95 8.85-  10.3 8.95- 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-Aug-18
Vijaya Bank Na
Housing Finance Companies
Floating Rates :
Dewan Housing*** 8.7 8.7 8.7 NA
Tata Capital 8.7- 8.85 8.7- 9.15 8.85- 9.15 08-Jun-18
PNB Housing 8.99- 12.0 8.99- 12.0 8.99- 12.0 NA
Central Bank Housing 9.8-9.95 9.9- 9.95 9.9- 9.95 01-Jan-17
HDFC Ltd 8.7- 9.4 8.7- 9.55 8.85- 9.6 NA
Indiabulls Housing Finance Ltd^* 8.7- 10.05 8.7- 10.05 8.7- 10.95 NA
Fixed Rates :
PNB Housing 9.25- 12.0 9.25- 12.0 9.25- 12.0 NA
HDFC Ltd 9.2- 9.9 9.2- 10.05 9.35- 10.1 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
^^3 Month MCLR
** 1 Year MCLR ref rate
***8.7% 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 21 Sep 18)

 

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