Take a look at Home Loan interest rates offered by major private and public sector banks in India.
| 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-Dec-17 | |
| Axis Bank | 8.35-8.4 | 8.35- 8.7 | 8.65-8.75 | 8.15^ | NA | |
| Bank of Baroda**^ | 8.3-9.3 | 8.3-9.3 | 8.3-9.3 | 8.3 | 7-Dec-17 | |
| Bank of India | 8.35-8.4 | 8.45-8.5 | 8.45-8.5 | 8.3 | 10-Sep-17 | |
| Bank of Maharashtra | 8.65 | 8.65 | 8.65-8.75 | 8.65 | 7-Dec-17 | |
| Canara Bank | 8.35- 8.4 | 8.35- 8.5 | 8.45- 8.55 | 8.3 | 7-Sep-17 | |
| Central Bank | 8.3 | 8.3 | 8.3 | 8.3 | 1-Dec-17 | |
| Corporation Bank | 8.65 | 8.65 | 8.65- 9 | 8.65 | 1-Dec-17 | |
| Dena Bank | 8.25 | 8.25 | 8.25- 8.35 | 8.25 | 1-Oct-17 | |
| Federal Bank | 8.95-9.2 | 8.95-9.2 | 8.95-9.2 | 8.9 | 16-Dec-17 | |
| HDFC Bank | 8.35-8.5 | 8.35-8.5 | 8.35-8.6 | NA | ||
| ICICI Bank | 8.35 – 8.55 | 8.35 – 8.85 | 8.65- 8.85 | 8.2 | 3-Jan-17 | |
| Indian Bank | 8.35 | 8.35 | 8.35 | 8.35 | NA | |
| 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-Dec-17 | |
| J&K Bank | 8.8 | 8.8 | 8.8- 9.15 | 8.8 | 10-Dec-17 | |
| Karnataka Bank^* | 8.5 | 8.5 | 8.9 | 8.4 | 1-Nov-17 | |
| Karur Vysya Bank | 8.65-9 | 8.65-9 | 8.65-9 | 8.65-9 | 7-Sep-17 | |
| Punjab National Bank | 8.35-8.4 | 8.35-8.4 | 8.35- 8.45 | 8.15 | 1-Dec-17 | |
| State Bank of India | 8.3-8.5 | 8.3-8.65 | 8.3-8.7 | 7.95 | 1-Dec-17 | |
| State Bank of Mysore | 8.8 | 8.8 | 8.8 | 8.65 | 1-Mar-17 | |
| State Bank of Travancore | 8.55 | 8.55 | 8.55-8.8 | 8.55 | 1-Mar-17 | |
| Syndicate Bank | 8.55 | 8.55 | 8.55 | 8.45 | 10-Dec-17 | |
| 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 | 8.30 | 8.30 | 8.3- 8.35 | 8.20 | 1-Dec-17 | |
| 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 | NA | |||||
| Corporation Bank | 11.75-12.25 | 12.25 | 12.25 | 1-Dec-17 | ||
| Dena Bank | 11.25 | 11.75 | 11.75 | 1-Oct-17 | ||
| HDFC Bank | 8.35- 8.5 | 8.35- 8.5 | 8.35- 8.6 | NA | ||
| ICICI bank | 8.35- 9.75 | 8.35-10.1 | 8.7- 10.10 | 3-Jan-17 | ||
| Indian Bank | 9.35 | 9.35 | 9.35 | NA | ||
| IDBI bank | 10.10-10.35 | 10.10-10.35 | 10.10-10.35 | 1-Jul-17 | ||
| Punjab National Bank | 8.85- 8.9 | 8.85- 8.9 | 8.85- 8.95 | 1-Sep-17 | ||
| Union Bank of India | 11.4 | 12.4-12.65 | 12.65 | 1-Dec-17 | ||
| Vijaya Bank | Na | |||||
| Housing Finance Companies | ||||||
| Floating Rates : | ||||||
| Dewan Housing*** | 8.35 | 8.35 | 8.35 | NA | ||
| Tata Capital* | 8.75- 8.9 | 8.75- 8.9 | 8.75- 9.05 | 6-Jan-17 | ||
| PNB Housing | 8.6- 11 | 8.6- 11 | 8.6- 11 | NA | ||
| Central Bank Housing | 9.8-9.95 | 9.9- 9.95 | 9.9- 9.95 | 1-Jan-17 | ||
| HDFC Ltd | 8.35-8.9 | 8.35-8.9 | 8.35-8.95 | NA | ||
| Fixed Rates : | ||||||
| PNB Housing | 8.35- 11 | 8.35- 11 | 8.35- 11 | 1-Nov-17 | ||
| Central Bank Home Fin | 14-14.5 | 14.5 | 14.5 | 1-Oct-13 | ||
| HDFC Ltd | 8.35- 9 | 8.35- 9 | 8.4- 9.1 | NA | ||
| * Applicable Variable / Semi – Fixed for 2 to 3 years Rates* | ||||||
| ** 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 29 Dec 2017 |
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| Data taken from respective bank’s website | ||||||
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thanks, almost everything I need to know is available here.
Puja !!
Hi Puja, We’re glad we could be of help. Keep reading our blog for more insights into the world of finance. Cheers, Team BankBazaar. “