India Markets open in 4 hrs 21 mins

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

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

Owning a home is a dream that almost everyone harbours at some point or another throughout the course of their lives. While it can certainly be a daunting prospect, especially from a financial point of view, it can certainly be overcome with the help of a Home Loan and some careful financial planning on your part.

Therefore, if you’re looking to apply for a Home Loan, 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 8.3 8.3 8.3- 8.8 8.25 1-Dec-17
Andhra Bank 8.45-8.5 8.45-8.5 8.45-8.6 8.4 15-Mar-18
Axis Bank 8.35-8.4 8.35- 8.7 8.65-8.75 8.3 17-Feb-18
Bank of Baroda**^ 8.4-9.4 8.4-9.4 8.4-9.4 8.4 7-Apr-18
Bank of India 8.4 8.4 8.4 8.4 10-Apr-18
Bank of Maharashtra 8.65 8.65 8.65-8.75 8.65 7-Apr-18
Canara Bank 8.45- 8.5 8.45- 8.6 8.55- 8.65 8.4 7-Mar-18
Central Bank 8.45 8.45 8.45 8.45 1-Apr-18
Corporation Bank 8.75 8.75 8.75- 9.1 8.75 15-Mar-18
Dena Bank 8.35-8.4 8.35-8.4 8.35-8.5 8.35 1-Apr-18
Federal Bank 8.95-9.2 8.95-9.2 8.95-9.2 8.9 16-Mar-18
HDFC Bank 8.4-8.6 8.4-8.75 8.55-8.85 NA
ICICI Bank 8.45 – 8.8 8.45 – 8.85 8.75- 8.95 8.3 NA
Indian Bank 8.4 8.4 8.4-8.5 8.4 9-Apr-18
IOB 8.4 8.4-8.5 8.5-8.65 8.4 10-Oct-17
IDBI Bank^* 8.35- 8.4 8.35-8.55 8.5-8.65 8.35 12-Feb-18
J&K Bank 8.55- 8.65 8.55- 8.65 8.55- 8.95 8.55^ 10-Apr-18
Karnataka Bank^* 8.5 8.5 8.9 8.4 1-Nov-17
Karur Vysya Bank 8.65-9.15 8.65-9.15 8.65-9.15 9.15 7-Mar-18
Punjab National Bank 8.5-8.55 8.5-8.8.55 8.5- 8.6 8.3 1-Apr-18
Punjab & Sind Bank 8.4 8.4 8.4- 8.65 8.4 7-Mar-18
State Bank of India 8.35- 8.65 8.35-8.8 8.5-8.9 8.15 1-Apr-18
Syndicate Bank 8.55 8.55 8.55 8.45 10-Apr-18
Tamilnad Mercantile Bank 8.95 8.95 8.95 8.95 Dec-17
UCO Bank 8.45 8.45-8.55 8.55-8.7 8.45 10-Sep-17
Union Bank of India 8.45 8.45 8.45- 8.5 8.35 1-Apr-18
United Bank of India 8.45 8.45 8.45 8.45 6-Nov-17
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 11.75-12.25 12.25 12.25 1-Dec-17
Dena Bank 11.25 11.75 11.75 1-Feb-18
HDFC Bank 8.4- 8.6 8.4- 8.75 8.55- 8.85 NA
ICICI bank 8.45-9.8 8.45-10.2 8.8-10.2 NA
Indian Bank 9.4 9.4 9.4-9.5 9-Apr-18
IDBI bank 10.10-10.35 10.10-10.35 10.10-10.35 1-Jul-17
Punjab National Bank 9- 9.05 9- 9.05 9- 9.1 NA
Union Bank of India 11.4 12.4-12.65 12.65 1-Apr-18
Vijaya Bank Na
Housing Finance Companies
Floating Rates :
Dewan Housing*** 8.35 8.35 8.35 NA
Tata Capital 8.45- 8.9 8.45- 8.9 8.45- 8.9 10-Mar-18
PNB Housing 8.85- 11.75 8.85- 11.75 8.85- 11.75 NA
Central Bank Housing 9.8-9.95 9.9- 9.95 9.9- 9.95 1-Jan-17
HDFC Ltd 8.4-8.95 8.4-9.1 8.55-9.2 NA
Indiabulls Housing Finance Ltd 8.4-9.75 8.4-9.75 8.4- 11.25 NA
Fixed Rates :
PNB Housing 8.4- 11.75 8.4- 11.75 8.55- 11.75 NA
Central Bank Home Fin 14-14.5 14.5 14.5 1-Oct-13
HDFC Ltd 8.4-9.1 8.4-9.25 8.55- 9.35 NA
Indiabulls Housing Finance Ltd 8.95-10 8.95-10 8.95-11.5 NA
** 1 Year MCLR ref rate
***8.35% onwards
^MCLR Reset frequency for Home Loans – Half Yearly
^*For Plain Home Loan with MCLR Reset frequency for Home Loans – 6 Months
**^additional charge as per risk rating of applicant
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.            (Rates as on 13 Apr 18
Data taken from respective bank’s website

BankBazaar.com is a leading online marketplace in India that helps consumers compare and apply for Credit Card, Personal Loan, Home Loan, Car Loan, and insurance.

The post Want To Take A Home Loan? Here Are The Latest Interest Rates appeared first on BankBazaar - The Definitive Word on Personal Finance.