What are the various fixed and floating interest rates on offer for home loans today? Let's take a comprehensive look at interest rates across banks and housing finance companies.
–
| Institution | Loan amount | ||
| Under Rs. 30 lakh | Rs. 30 to 75 lakh | Rs. 75 lakh Plus | |
| BANKS (Floating rates) | |||
| Axis Bank | 8.75-9.15 | 8.75-9.15 | 8.75-9.15 |
| Bank of Baroda | 8.60-10.60 | 8.60-10.60 | 8.60-10.60 |
| Bank of India | 8.65-10.75 | 8.65-10.75 | 8.65-10.75 |
| Bank of Maharashtra | 8.60-10.80 | 8.60-10.80 | 8.60-10.80 |
| Canara Bank | 8.85-11.25 | 8.85-11.25 | 8.85-11.25 |
| Central Bank | 8.40-9.35 | 8.40-9.35 | 8.40-9.35 |
| DBS Bank | <=10.20 | <=10.20 | <=10.20 |
| Federal Bank | 10.15-10.20 | 10.15-10.25 | 10.20-10.30 |
| ICICI Bank | 9-9.80 | 9-9.95 | 9-10.05 |
| Indian Bank^ | 8.45-9.4 | 8.45-9.4 | 8.45-9.4 |
| IOB | 9.55 | >=8.85 | >=8.85 |
| IDBI Bank | 8.65-12.25 | 8.65-12.25 | 8.65-12.25 |
| J&K Bank | 9.45-9.55 | 9.45-9.55 | 9.45-9.85 |
| Karnataka Bank | 8.75-10.43 | 8.75-10.43 | 8.75-10.43 |
| Karur Vysya Bank | 9.23-12.13 | 9.23-12.13 | 9.23-12.13 |
| Kotak Mahindra Bank | 8.85-9.40 | 8.85-9.40 | 8.85-9.40 |
| Punjab National Bank | 8.65-9.45 | 8.60-9.45 | 8.60-9.35 |
| Punjab & Sind Bank | 8.85-9.95 | 8.85-9.95 | 8.85-9.95 |
| RBL Bank | 9.15-11.55 | 9.10-11.55 | 9.10-11.30 |
| State Bank of India | 8.50 – 9.75 | 8.50 – 9.75 | 8.50 – 9.65 |
| South Indian Bank | 9.85-12.60 | 9.85-12.60 | 9.85-12.60 |
| Tamilnad Mercantile Bank | 9.35-9.85 | 9.35-9.85 | 9.35-9.85 |
| UCO Bank | 8.85-10.40 | 8.85-10.40 | 8.85-10.40 |
| Union Bank of India | 8.7-10.50 | 8.7-10.70 | 8.7-10.80 |
| BANKS (Fixed rates) | |||
| Axis Bank | 14 | 14 | 14 |
| IDBI bank | 9.85-10.10 | 9.85-10.10 | 9.85-10.10 |
| Union Bank of India | 11.4 | 11.4-12.4 | 12.4-12.65 |
| HOUSING FINANCE COMPANIES (Floating rates) | |||
| Floating Rates: | |||
| Tata Capital | >=8.75 | >=8.75 | >=8.75 |
| PNB Housing | 8.75- 11.15 | 8.75- 11.35 | 8.75- 11.35 |
| Central Bank Housing | 9.95-11.15 | 9.95-11.15 | 9.95-11.15 |
| HDFC Ltd | 8.50-9.60 | 8.50-9.60 | 8.50-9.60 |
| Indiabulls Housing Fin | >=9.30 | >=9.30 | >=9.30 |
| Aditya Birla Housing Fin | 8.80-14.75 | 8.80-14.75 | 8.80-14.75 |
| Bajaj Finserv | 8.50-14.00 | 8.50-14.00 | 8.50-14.00 |
| GIC Housing Finance Ltd | >=8.80 | >=8.80 | >=8.80 |
| Reliance Home Finance | 9.75%-13% | 9.75%-11% | 9.75%-11% |
| Sundaram Home Finance Ltd* | >=10 | >=10 | >=10 |
| Piramal Capital & Housing Finance | >=11 | >=11 | >=11 |
| LIC Housing Finance Ltd | 8.60-10.10 | 8.60-10.30 | 8.60-10.50 |
| HOUSING FINANCE COMPANIES (Fixed rates) | |||
| HDFC Ltd | NA | NA | NA |
| LIC Housing Finance Ltd | 10-10.25 | 10-10.25 | 10-10.25 |
–
Compiled by BankBazaar.com from respective bank's website as on the date mentioned above. Note that fixed interest rates may be subject to a revision after a specified tenure depending on the bank's T&Cs.
Some banks/FIs allow fixed rate only for a definite period and thereafter prevailing floating rates are made applicable. *Annual percentage rate; ** 10bps additional concession for serving defense personnel; *include spl rates for govt employees; ^ include rate offered to govt employees
Comments
SHARE
- Copy link
- Telegram
Published on March 19, 2019
COMMENT NOW
This article is closed for comments.
Please Email the Editor
Please Email the Editor
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.