Home Loan Interest Rates – March 2018

A home loan is also sometimes called as a Mortgage. The home loan interest rates today are also called mortgage rates. Owning a home today 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.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
1 SBI 8.30% – 8.60% Rs.855 – Rs.874 0.35% of Loan Amount or Rs 10000 plus service tax whichever is less, subject to minimum of Rs 2000 plus taxes.. Festival Bonanza : 0% Processing Fee, on Top up and Home Loan (New & Take Over).Offer Valid till 31.03.18 Nil
2 ICICI Bank 8.35% – 8.80% Rs.858 – Rs.886 0.50% – 1.00% of the loan amount or Rs. 1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore), whichever is higher + applicable Service Tax & Surcharge N.A
3 HDFC Limited 8.35% – 8.55% Rs.858 – Rs.871 Up to 1.25% of the loan amount or ₹ 3,000 whichever is higher, plus applicable taxes Nil
4 LIC Housing 8.35% – 8.80% Rs.858 – Rs.886 Upto 1 crore – 5000 + Service Tax
1 crore & above – 10000 + Service Tax
Nil
5 Bank of Baroda 8.30%. Rs.855 Upto 0.5% of loan amount + GST N.A
6 Axis Bank 8.35% – 8.75% Rs.858 – Rs.884 Up to 1% of the Loan amount subject to minimum of Rs.10,000/- Nil
7 DHFL 8.35%. Rs.858 Rs.5,000 to Rs.20000 + document charges + Service Tax Nil
8 Canara Bank 8.35% – 8.55% Rs.858 – Rs.871 Nil till 31.12.2017 Not Available
9 Vijaya Bank 8.5%. Rs.868 Nil till 31.12.2018 NA
10 IDBI 8.35% – 8.40% Rs.858 – Rs.861 NIL Nil
11 Union Bank of India 8.30% – 8.35% Rs.855 – Rs.858 Nil under festive offer till 31.12.2017 NIL
12 Indiabulls Housing Finance Limited 8.35% – 8.80% Rs.858 – Rs.886 Upto 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
13 Tata capital Housing Finance ltd 8.65%(For Women) – 8.90%(For Others) Rs.877(For Women) – Rs.893(For Others) 0.20% – 0.25% of the loan amount + Service tax N.A
14 HSBC Bank 8.65% – 8.75% Rs.877 – Rs.884 N.A Nil
15 Indian Bank 8.35% – 9.35% Rs.858 – Rs.922 N.A Nil
16 Federal Bank 8.95% – 9.20% Rs.897 – Rs.913 0.50% of the limit sanctioned with a minimum of 3,000+ST, maximum of 7,500+ST N.A
17 Allahabad Bank 8.30% – 8.40% Rs.855 – Rs.861 NIL under All bank Utsav till 31.03.2018 NIL
18 Central Bank of India 8.30%. Rs.855 Nil till 31.12.2017 Nil
19 Kotak Bank 8.35%. Rs.858 Upto 1.25% of loan amount Nil
20 Syndicate Bank 8.45%. Rs.865 Nill till 31.12.2017 N.A
21 PNB Housing Finance 8.35% – 9.25% Rs.858 – Rs.916 0.50% or 10,000 + GST, Whichever is higher NIL
22 Oriental Bank of Commerce 8.35% – 8.45% Rs.858 – Rs.865 Nill till 31.12.2017 NIL
23 Bank of Maharastra 8.65% – 8.75% Rs.877 – Rs.884 Nill till 31.12.2017 NIL
24 Andhra Bank 8.75% – 8.85% Rs.877 – Rs.884 0.50% of the loan amount or maximum of Rs.10,000 + service tax NIL
25 Reliance Home Finance Private Ltd. 8.35%. Rs.858 1% of the loan amount + taxes NA
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.