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Want To Take A Home Loan? Here Are The Latest Interest Rates

Team BankBazaar


Take a look at the home loan 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 8.5 8.5 8.5- 9 8.45 01-Jul-18
Andhra Bank 8.6-8.65 8.6-8.65 8.6-8.75 8.55 16-Jul-18
Axis Bank^ 8.5-8.55 8.5- 8.7 8.65-8.75 8.5 18-Jun-18
Bank of Baroda**^ 8.5-9.5 8.5-9.5 8.5-9.5 8.5 07-Jul-18
Bank of India 8.65- 8.7 8.65- 8.7 8.65- 8.7 8.5 10-Jul-18
Bank of Maharashtra 8.75- 8.85 8.75- 8.85 8.75- 8.95 8.75 07-Jul-18
Canara Bank 8.55- 8.6 8.55- 8.7 8.65- 8.75 8.5 07-Jul-18
Central Bank 8.5 8.5 8.5 8.5 01-Jul-18
Corporation Bank 8.5-8.95 8.5-8.95 8.5-9.2 8.4 15-Jul-18
Dena Bank 8.45-8.5 8.45-8.5 8.45-8.6 8.45 01-Jul-18
Federal Bank^ 9.05-9.15 9.05-9.15 9.05-9.15 9.05 16-Jul-18
HDFC Bank 8.5-8.6 8.5-8.7 8.6-8.7 04-Jun-18
ICICI Bank 8.55-8.65 8.55-8.8 8.65- 8.85 8.4 NA
Indian Bank 8.5 8.5 8.5-8.6 8.5 11-Jun-18
IOB 8.5 8.5-8.6 8.6-8.75 8.5 10-Apr-18
IDBI Bank^ 8.5- 8.55 8.5- 8.7 8.65-8.8 8.5 12-Jul-18
J&K Bank 8.65- 8.75 8.65- 8.75 8.65- 9.05 8.65^ 10-Jul-18
Karnataka Bank^ 8.6 8.6 8.6- 9 8.55 01-Jul-18
Karur Vysya Bank* 8.65-9.3 8.65-9.3 8.65-9.3 9.3 07-Jun-18
Punjab National Bank 8.65-8.7 8.65-8.7 8.65-8.75 8.45 01-Jul-18
Punjab & Sind Bank 8.65 8.65 8.65- 8.9 8.65 16-Jul-18
State Bank of India 8.45- 8.75 8.45-9 8.6-9 8.25 01-Jul-18
South Indian Bank^^^ 8.8-9.25 8.8-9.25 8.8-9.25 8.75^ 20-Jul-18
Syndicate Bank 8.75 8.75 8.75 8.65 10-Jul-18
Tamilnad Mercantile Bank 8.95 8.95 8.95 8.95 Dec-17
UCO Bank 8.55 8.55-8.65 8.65-8.8 8.55 10-Jun-18
Union Bank of India 8.55 8.55 8.55- 8.6 8.45 01-Jul-18
United Bank of India^ 8.6 8.6 8.6 8.6 05-Jul-18
Vijaya Bank 8.5 8.5 8.5 8.5 20-Sep-17
Fixed Rates :
Axis Bank 11.75 11.75 11.75 NA
Corporation Bank 11.95-12.45 12.45 12.45 15-Jul-18
Dena Bank 11.25 11.75 11.75 01-Feb-18
HDFC Bank 8.6-8.7 8.6-8.8 8.7- 8.8 04-Jun-18
ICICI bank 8.55-9.95 8.55-10.30 8.9-10.3 NA
Indian Bank 9.5 9.5 9.5-9.6 09-Apr-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-Apr-18
Vijaya Bank Na
Housing Finance Companies
Floating Rates :
Dewan Housing*** 8.35 8.35 8.35 NA
Tata Capital 8.7- 8.85 8.7- 9.15 8.85- 9.15 08-Jun-18
PNB Housing 8.99- 11.75 8.99- 11.75 8.99- 11.75 NA
Central Bank Housing 9.8-9.95 9.9- 9.95 9.9- 9.95 01-Jan-17
HDFC Ltd 8.5-9.45 8.5-9.45 8.6-9.5 NA
Indiabulls Housing Finance Ltd 8.5-9.85 8.5-9.85 8.5-10.75 NA
Fixed Rates :
PNB Housing 9.25- 11.75 9.25- 11.75 9.25- 11.75 NA
HDFC Ltd 8.6-9.45 8.6-9.45 8.7-9.5 NA
Indiabulls Housing Finance Ltd 9.05-10.1 9.05-10.1 9.05-11 NA
^^3 Month MCLR
** 1 Year MCLR ref rate
***8.35% 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 20 Jul 18)

 

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