Let us have a look at the latest interest rates that we can get while availing a Home Loan from different Banks and NBFCS in India

 

Interest rates on Home Loans (%)
Institution Loan <= Rs. 30 Lakhs Loan > Rs. 30 Lakhs < Rs. 75 Lakhs Loan >=Rs. 75 Lakhs MCLR** Wef
Banks
Floating Rates:
Allahabad Bank 8.3 8.3 8.3- 8.8 8.25 01-Dec-17
Andhra Bank 8.45-8.5 8.45-8.5 8.45-8.6 8.4 16-Apr-18
Axis Bank^ 8.4-8.45 8.4- 8.7 8.65-8.75 8.3 18-Apr-18
Bank of Baroda**^ 8.4-9.4 8.4-9.4 8.4-9.4 8.4 07-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 07-Apr-18
Canara Bank 8.45- 8.5 8.45- 8.6 8.55- 8.65 8.4 07-Apr-18
Central Bank 8.45 8.45 8.45 8.45 01-Apr-18
Corporation Bank 8.4-8.85 8.4-8.85 8.4-9.1 8.3^^ 15-Mar-18
Dena Bank 8.35-8.4 8.35-8.4 8.35-8.5 8.35 01-Apr-18
Federal Bank 8.95-9.2 8.95-9.2 8.95-9.2 8.9 16-Apr-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 09-Apr-18
IOB 8.5 8.5-8.6 8.6-8.75 8.5 10-Apr-18
IDBI Bank^* 8.35- 8.4 8.35-8.55 8.5-8.65 8.35 12-Apr-18
J&K Bank 8.55- 8.65 8.55- 8.65 8.55- 8.95 8.55^ 10-Apr-18
Karnataka Bank^* 8.55 8.55 8.55-8.95 8.5 01-Dec-18
Karur Vysya Bank 8.65-9.15 8.65-9.15 8.65-9.15 9.15 07-Mar-18
Punjab National Bank 8.5-8.55 8.5-8.8.55 8.5- 8.6 8.3 01-Apr-18
Punjab & Sind Bank 8.5 8.5 8.5- 8.75 8.5 16-Apr-18
State Bank of India 8.35- 8.65 8.35-8.8 8.5-8.9 8.15 01-Apr-18
South Indian Bank^^^ 8.6-9.0 8.6-9.0 8.6-9.0 8.5^ 20-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 01-Apr-18
United Bank of India 8.45 8.45 8.45 8.45 06-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 11.85-12.35 12.35 12.35 15-Mar-18
Dena Bank 11.25 11.75 11.75 01-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 09-Apr-18
IDBI bank 10.10-10.35 10.10-10.35 10.10-10.35 01-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 01-Apr-18
Vijaya Bank Na
Housing Finance Companies
Floating Rates:
Dewan Housing*** 8.35 8.35 8.35 NA
Tata Capital 8.5- 8.75 8.5- 8.95 8.65- 9.05 13-Apr-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 01-Jan-17
HDFC Ltd 8.4-9 8.4-9.1 8.5-9.1 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
HDFC Ltd 8.5-9.1 8.5-9.2 8.6- 9.2 NA
Indiabulls Housing Finance Ltd 8.95-10 8.95-10 8.95-11.5 NA
^^ 3-month MCLR
** 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 the applicant
^^^ Interest range consider rate on the basis of 6-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/financial institutions allow fixed rate only for a definite period and thereafter prevailing floating rates are made applicable.
(Rates as on 27 April 2018)
Data were taken from respective bank’s website
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By | 2018-06-18T09:18:00+00:00 May 25th, 2018|Blog|
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