What are the different fixed and variable interest rates offered for home loans today? Let’s take a detailed look at the interest rates of banks and housing finance companies.
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Institution | Amount of the loan | ||
Below Rs. 30,000,000 |
Rs. 30 to 75,000,000 |
Rs. 75,000,000 More | |
BANKS (Floating rates) | |||
Axis Bank | 6h75-7h20 | 6h75-7h20 | 6h75-7h20 |
Bank of Baroda | 6:90-8:35 a.m. | 6:90-8:35 a.m. | 6:90-8:35 a.m. |
Bank of India | 6h50-8h35 | 6h50-8h35 | 6h50-8h35 |
Bank of Maharashtra | 6.40-7.95 | 6.40-8.45 | 6.40-8.45 |
Canara Bank | 6.65-8.9 | 6.65-8.9 | 6.65-8.9 |
central bank | 6:85-7:30 a.m. | 6:85-7:30 a.m. | 6:85-7:30 a.m. |
DBS Bank | |||
federal bank | 8.05-8.10 | 8.05-8.15 | 8.10-8.20 |
HDFC Bank | 6.75-7.50 | 6.75-7.75 | 7.00-7.85 |
ICICI Bank | 6.70-7.30 | 6:70-7:45 a.m. | 6h70-7h55 |
Indian bank | 6.50-7.0 | 6.50-7.0 | 6.50-7.0 |
BIO | 7.05 | 7.05-7.15 | 7.15-7.3 |
IDBI Bank | 6.75-9.90 | 6.75-9.90 | 6.75-9.90 |
J&K Bank | 6.95-7.05 | 6.95-7.05 | 7.05-7.35 |
Bank of Karnataka | 7.5-8.75 | 7.5-8.75 | 7.5-8.85 |
Karur Vysia Bank | 7:15-9:35 a.m. | 7:15-9:35 a.m. | 7:15-9:35 a.m. |
Kotak Mahindra Bank | 6.60-7.20 | 6.60-7.20 | 6.60-7.20 |
National Bank of Punjab | 6.55-7.8 | 6.5-7.8 | 6.5-7.45 |
Bank of Punjab and Sindh | 6.5-7.60 | 6.5-7.60 | 6.5-7.60 |
State Bank of India ^ | 6.65 – 7.15 | 6.65 – 7.15 | 6.65 – 7.15 |
Bank of South India | 7:35-10:10 a.m. | 7:35-10:10 a.m. | 7:35-10:10 a.m. |
Commercial Bank of Tamilnad | 8.25 | 8.25 | 8.25 |
UCO Bank | 6.50-6.70 | 6.50-6.70 | 6.50-6.70 |
Union Bank of India | 6.5-8.0 | 6.5-8.2 | 6.5-8.2 |
BANKS (fixed rates) | |||
Axis Bank | 12 | 12 | 12 |
HDFC Bank | 7h40-7h95 | 7.40-8.10 | 7h55-8h20 |
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 FINANCING COMPANIES (Variable Rates) | |||
Floating rates: | |||
Tata Capital | >=6.85 | >=6.85 | >=6.85 |
GNP housing | 6.75- 9.60 | 6.75-9.75 | 6.90-9.75 |
Central Bank Housing | 9h95-11h15 | 9h95-11h15 | 9h95-11h15 |
HDFC Ltd | 6h70-7h65 | 6.70-7.90 | 6.70-8.0 |
Indiabulls housing fin | >=7.6 | >=7.6 | >=7.6 |
Aditya Birla housing fin | 9-12.5 | 9-12.5 | 9-12.5 |
Bajaj Finserv | 6.70-14.00 | 6.70-14.00 | 6.70-14.00 |
GIC Housing Finance Ltd | >=7.24% | >=7.24% | >=7.24% |
Reliance real estate financing | 9.75-13 | 9.75-13 | 9.75-11 |
Sundaram Home Finance Ltd | >=7.85 | >=7.85 | >=7.85 |
Piramal Capital & Housing Finance | >=10.5 | >=10.5 | >=10.5 |
LIC Housing Finance Ltd | 6.70-7.60 | 6.70-7.80 | 6.7-7.90 |
HOUSING FINANCING COMPANIES (Flat Rates) | |||
HDFC Ltd | 7.40-8.10 | 7h40-8h25 | 7:55-8:35 a.m. |
LIC Housing Finance Ltd | 10.05 | 10.05-10.15 | 10:15 a.m. |
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Compiled by BankBazaar.com from the respective bank’s website on the date mentioned above. Note that fixed interest rates may be subject to revision after a fixed term depending on the general conditions of the bank.
Some banks/FIs only allow fixed rates for a fixed period, after which the prevailing floating rates apply. ^ Card rates