Home Loan Interest Rates

Owning a home is the dream of every citizen of India. Earlier people had to wait till they were 40-50 years of age to buy a home. Fortunately, home loan eligibility and availability has improved vastly these days to enable more people to realize their dreams sooner. A home loan is also sometimes called as a Mortgage. The home loan interest rates are also called mortgage rates. If you are a new home buyer all these terms can seem complex. But don’t worry, FinVizer is here to help you.

But what is the cost of a home loan or mortgage? It is the home loan interest rates that you have to pay.
So how do you decide which of these are the best home loans for you? FinVizer has accumulated below all the key information required to compare major home loan providers in India. This will save time, money and effort for you. You can now pick the home loan provider based on the lowest home loan interest rates, along with other parameters presented in the article 7 tips to find the best Home Loan

Loan amount – 30-70 lakhs ; Tenure – 15-20 years

Sl#
Bank Name
Home Loan Interest rates
- Floating
Home Loan -
Per lac EMI
Home Loan Processing Fee
Home Loan -
Prepayment Charges
1SBI 8.35% - 8.65%Rs.858 - Rs.8770.35% of Loan Amount or Rs 10000 plus service tax whichever is less, subject to minimum of Rs 2000 plus taxesNil
2ICICI Bank8.35% - 8.80%Rs.858 - Rs.8860.50% - 1.00% of the loan amount or Rs. 1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore), whichever is higher + applicable Service Tax & SurchargeN.A
3HDFC Limited8.35% - 8.55%Rs.858 - Rs.871Up to 1.25% of the loan amount or ₹ 3,000 whichever is higher, plus applicable taxesNil
4LIC Housing8.35% - 8.80%Rs.858 - Rs.886Upto 1 crore - 5000 + Service Tax
1 crore & above - 10000 + Service Tax
Nil
5Bank of Baroda 8.35% - 8.55%Rs.858 - Rs.871Upto Rs.50 lacs 0.5 % of loan amount (min Rs.7500 & Rs.12500) + service tax
Above Rs.50 lacs 0.25% of loan amount(min Rs.7500 & Rs.20000) + service tax
NA
6Axis Bank8.35% - 8.75%Rs.858 - Rs.884Up to 1% of the Loan amount subject to minimum of Rs.10,000/-Nil
7DHFL8.35%Rs.858 Rs.5,000 to Rs.20000 + document charges + Service TaxNil
8Canara Bank8.65% - 8.75%Rs.877 - Rs.884Not AvailableNot Available
9Vijaya Bank8.90%Rs.893NANA
10IDBI8.35% - 8.40%Rs.858 - Rs.861NILNil
11Union Bank of India8.75% - 8.80%Rs.884 - Rs.887N.ANIL
12Indiabulls Housing Finance Limited8.35% - 8.80%Rs.858 - Rs.886Upto 28 lacs = Rs.7500 - Rs.10000
28 lacs - 1.5 Cr = Rs. 10000 - 0.5%
1.5 Cr - 3 Cr = Rs. 25000 - 0.5%
Above 3 Cr - 0.5% - 1%
NIL
13Tata capital Housing Finance ltd8.65%(For Women) - 8.90%(For Others)Rs.877(For Women) - Rs.893(For Others)0.20% - 0.25% of the loan amount + Service taxN.A
14HSBC Bank8.85%Rs.8901% of the loan amount applied for, subject to a minimum of Rs 10000 plus service tax. This fee is payable on application and is not refundableNil
15Indian Bank8.60%Rs.8740.25% of loan amount with a maximum of Rs.20,000Nil
16Federal Bank9.57% - 9.82%Rs.937 - Rs.9530.50% of the limit sanctioned with a minimum of 3,000+ST, maximum of 7,500+STN.A
17Allahabad Bank8.55% - 8.65%Rs.871 - Rs.877NILNIL
18Central Bank of India8.50%Rs.868Rs.20000/- or .50% of loan amount subject to maximumNil
19Kotak Bank8.75%Rs.884ZeroNil
20Syndicate Bank8.75%Rs.884Min. Rs.500/- & Maximum up to Rs.5000/-N.A
21PNB Housing Finance8.50% - 8.70%Rs.868 - Rs.8810.25% - 0.5%NIL
22Oriental Bank of Commerce8.60% - 8.70%Rs.874 - Rs.881NILNIL
23Bank of Maharastra8.75% - 8.85%Rs.884 - Rs.8900.25% of the loan amount (subject to maximum of Rs.25000/-)NIL
24Andhra Bank9.50% - 9.70%Rs.932 - Rs.9450.50% of the loan amount or maximum of Rs.10,000 + service taxNIL
25Reliance Home Finance Private Ltd.10.60%Rs.10051% of the loan amount + taxesNA
Disclaimer: Please note that the home loan interest rates given here are based on FinVizer internal research. Users are advised to recheck the accuracy of these home loan interest rates with the individual companies / organizations. FinVizer does not take any responsibility for inaccurate data or any sudden / uninformed changes in home loan interest rates.
Banks/ Financial Institutions can contact us at info(at)finvizer(dot)com for inclusions or updates.