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

By Bank Bazaar | April 16, 2018

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

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All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.

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