Click it and Unblock the Notifications
Latest Interest Rates on Home Loans
Home loans enable us to accomplish the dream of owning a home. In terms of tax implications this might seem like a good proposal, however, interest rates can take a toll on your financial goals.
Even if you have already taken a home loan, you might be aware that you can change your home loan lender if you find a cheaper, better option with another bank/ financial institution to benefit your expenses. Check the latest interest rates on home loans below to make a better decision. Also Read: What is the Ideal Age to Buy a House?
Floating Interest Rates (%) on Home Loans provided by Housing Finance Institutions:
| Financial Institution | Over or equal to Rs 30 lakh | Rs 30 to 75 lakh | Over Rs 75 lakh | Last Updated on |
|---|---|---|---|---|
| Dewan Housing | 8.35 | 8.35 | 8.35 | Not Available |
| Tata Capital | 8.45- 8.9 | 8.45- 8.9 | 8.45- 8.9 | 03/10/18 |
| PNB Housing | 8.85- 11.75 | 8.85- 11.75 | 8.85- 11.75 | Not Available |
| Central Bank Housing | 9.8-9.95 | 9.9- 9.95 | 9.9- 9.95 | 01/01/17 |
| HDFC Ltd | 8.4-8.95 | 8.4-9.1 | 8.55-9.2 | Not Available |
| Indiabulls Housing Finance Ltd | 8.4-9.75 | 8.4-9.75 | 8.4- 11.25 | Not Available |
Also Read: How And When Does Floating Interest On Home Loan Change?
Fixed Interest Rates (%) on Home Loans provided by Housing Finance Institutions:
| Financial Institution | Over or equal to Rs 30 lakh | Rs 30 to 75 lakh | Over Rs 75 lakh | Last Updated on |
|---|---|---|---|---|
| PNB Housing | 8.4- 11.75 | 8.4- 11.75 | 8.55- 11.75 | Not Available |
| Central Bank Home Fin | 14-14.5 | 14.5 | 14.5 | 10/01/13 |
| HDFC Ltd | 8.4-9.1 | 8.4-9.25 | 8.55- 9.35 | Not Available |
| Indiabulls Housing Finance Ltd | 8.95-10 | 8.95-10 | 8.95-11.5 | Not Available |
Floating Interest Rates (%) on Home Loans provided by Banks:
| Bank | Over or equal to Rs 30 lakh | Rs 30 to 75 lakh | Over Rs 75 lakh | MCLR | Last Updated on |
|---|---|---|---|---|---|
| Allahabad Bank | 8.3 | 8.3 | 8.3- 8.8 | 8.25 | 12/01/17 |
| Andhra Bank | 8.45-8.5 | 8.45-8.5 | 8.45-8.6 | 8.4 | 03/15/18 |
| Axis Bank | 8.35-8.4 | 8.35- 8.7 | 8.65-8.75 | 8.3 | 02/17/18 |
| Bank of Baroda** | 8.4-9.4 | 8.4-9.4 | 8.4-9.4 | 8.4 | 04/07/18 |
| Bank of India | 8.4 | 8.4 | 8.4 | 8.4 | 04/10/18 |
| Bank of Maharashtra | 8.65 | 8.65 | 8.65-8.75 | 8.65 | 04/07/18 |
| Canara Bank | 8.45- 8.5 | 8.45- 8.6 | 8.55- 8.65 | 8.4 | 03/07/18 |
| Central Bank | 8.45 | 8.45 | 8.45 | 8.45 | 04/01/18 |
| Corporation Bank | 8.75 | 8.75 | 8.75- 9.1 | 8.75 | 03/15/18 |
| Dena Bank | 8.35-8.4 | 8.35-8.4 | 8.35-8.5 | 8.35 | 04/01/18 |
| Federal Bank | 8.95-9.2 | 8.95-9.2 | 8.95-9.2 | 8.9 | 03/16/18 |
| HDFC Bank | 8.4-8.6 | 8.4-8.75 | 8.55-8.85 | Not Available | |
| ICICI Bank | 8.45 - 8.8 | 8.45 - 8.85 | 8.75- 8.95 | 8.3 | Not Available |
| Indian Bank | 8.4 | 8.4 | 8.4-8.5 | 8.4 | 04/09/18 |
| IOB | 8.4 | 8.4-8.5 | 8.5-8.65 | 8.4 | 10/10/17 |
| IDBI Bank#* | 8.35- 8.4 | 8.35-8.55 | 8.5-8.65 | 8.35 | 02/12/18 |
| J&K Bank | 8.55- 8.65 | 8.55- 8.65 | 8.55- 8.95 | 8.55# | 04/10/18 |
| Karnataka Bank#* | 8.5 | 8.5 | 8.9 | 8.4 | 11/01/17 |
| Karur Vysya Bank | 8.65-9.15 | 8.65-9.15 | 8.65-9.15 | 9.15 | 03/07/18 |
| Punjab National Bank | 8.5-8.55 | 8.5-8.8.55 | 8.5- 8.6 | 8.3 | 04/01/18 |
| Punjab & Sind Bank | 8.4 | 8.4 | 8.4- 8.65 | 8.4 | 03/07/18 |
| State Bank of India | 8.35- 8.65 | 8.35-8.8 | 8.5-8.9 | 8.15 | 04/01/18 |
| Syndicate Bank | 8.55 | 8.55 | 8.55 | 8.45 | 04/10/18 |
| Tamilnad Mercantile Bank | 8.95 | 8.95 | 8.95 | 8.95 | 12/17/18 |
| UCO Bank | 8.45 | 8.45-8.55 | 8.55-8.7 | 8.45 | 09/10/17 |
| Union Bank of India | 8.45 | 8.45 | 8.45- 8.5 | 8.35 | 04/01/18 |
| United Bank of India | 8.45 | 8.45 | 8.45 | 8.45 | 11/06/17 |
| Vijaya Bank | 8.5 | 8.5 | 8.5 | 8.5 | 09/20/17 |
Fixed Interest Rates (%) on Home Loans provided by Banks:
| Bank | Over or equal to Rs 30 lakh | Rs 30 to 75 lakh | Over Rs 75 lakh | Last Updated on |
|---|---|---|---|---|
| Axis Bank | 11.75 | 11.75 | 11.75 | Not Available |
| Corporation Bank | 11.75-12.25 | 12.25 | 12.25 | 12/01/17 |
| Dena Bank | 11.25 | 11.75 | 11.75 | 02/01/18 |
| HDFC Bank | 8.4- 8.6 | 8.4- 8.75 | 8.55- 8.85 | Not Available |
| ICICI bank | 8.45-9.8 | 8.45-10.2 | 8.8-10.2 | Not Available |
| Indian Bank | 9.4 | 9.4 | 9.4-9.5 | 04/09/18 |
| IDBI bank | 10.10-10.35 | 10.10-10.35 | 10.10-10.35 | 07/01/17 |
| Punjab National Bank | 9- 9.05 | 9- 9.05 | 9- 9.1 | Not Available |
| Union Bank of India | 11.4 | 12.4-12.65 | 12.65 | 04/01/18 |
Also Read: Smart Ways to Manage your EMI on Home Loans
Notes:
- MCLR (marginal cost of funds based lending rate) is one-year ref rate.
- The fixed or floating rate will vary as per the tenure of the home loan.
- Some institutions allow fixed rate only for a period of the tenure and then switch to floating rate.
#: The frequency of resetting MCLR is half-yearly.
#*: The frequency of resetting MCLR is half-yearly for a plain home loan.
**: Includes additional charges as per the risk rating of the applicant.
Source: Websites of the institution.
Sign in with Google