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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