Home Loan Interest Rates – November 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 8.70% 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 31.012.18 N/a
2 ICICI Bank 8.85% 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 8.80% Rs.858 – Rs.871 Up to 0.50% of the loan amount or ₹ 3,000 whichever is higher, plus applicable taxes N/a
4 LIC Housing 8.70% Rs.858 – Rs.886 0.50%on loan amount.Up to 1 crore – 5000 + Service Tax
1 crore & above – 10000 + Service Tax
N/a
5 Bank of Baroda 8.55%. Rs.855 Upto 0.5% of loan amount + GST N/a
6 Axis Bank 8.80% Rs.858 – Rs.884 Up to 0.50% of the Loan amount subject to a minimum of Rs.10,000/- N/a
7 DHFL 8.70% Rs.858 0.50% on loan amount.Up to Rs.5,000 to Rs.20000 + document charges + Service Tax N/a
8 Canara Bank 8.75% Rs.858 – Rs.871 0.50%  on loan amount.
Min Rs. 1,500 – Max Rs. 10,000
N/a
9 Vijaya Bank 8.55%. Rs.868 0.50%  on loan amount.
Min Rs. 1,500 – Max Rs. 20,000
N/a
10 IDBI 8.60% Rs.858 – Rs.861 0.50%  on loan amount.
Min Rs. 2,500
N/a
11 Union Bank of India 8.75% Rs.855 – Rs.858 0.50%  on loan amount.
Max Rs. 15,000
N/a
12 Indiabulls Housing Finance Limited 8.80% Rs.858 – Rs.886 Up to 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%
N/a
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  8.75% Rs.877 – Rs.884 1.00%  on loan amount.
Max Rs. 10,000
N/a
15 Indian Bank 8.60 Rs.858 – Rs.922 0.23%
Max Rs. 20,381
N/a
16 Federal Bank 8.60 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 8.70% Rs.855 – Rs.861 0.40%
Max Rs. 50,000
N/a
18 Central Bank of India 8.60%. Rs.855 0.50%
Max Rs. 20,000
N/a
19 Kotak Bank 8.90%. Rs.858 Up to 1.25% of the loan amount N/a
20 Syndicate Bank 9.90%. Rs.865 0.13%
Min Rs. 500 – Max Rs. 5,000
N/a
21 PNB Housing Finance 9.00% Rs.858 – Rs.916 1.00% or 10,000 + GST, Whichever is higher N/a
22 Oriental Bank of Commerce 8.65% Rs.858 – Rs.865 0.50%
Max Rs. 20,000
N/a
23 Bank of Maharastra 8.75% Rs.877 – Rs.884 0.50%
Max Rs. 20,000
N/a
24 Andhra Bank 8.75% – Rs.877 – Rs.884 0.50% of the loan amount or maximum of Rs.10,000 + service tax N/a
25 Reliance Home Finance Private Ltd. 10.00%. Rs.858 1% of the loan amount + taxes N/a
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.