Home loan rates: A home loan is called a ‘good’ loan because it helps you acquire a tangible asset that can appreciate over the long-term. Take a look at the lowest home loan interest rates of some leading banks.
A home loan is probably the biggest loan that one takes. Not only in terms of the loan one pays can be double of what was borrowed. But a home loan is among the cheapest loans available, and usually, it is the only way a person can buy a house. A home loan is called a ‘good’ loan because it helps you acquire a tangible asset that can appreciate over the long-term. It makes sense to buy a house if you plan to live in it. This is also the reason, apart from the fact that many housing projects in India continue to be delayed. Here’s a look at the lowest home loan interest rates of some leading banks.
View the table for latest home loan interest rates for different lenders.
| Bank | Home Loan Rate | Benchmark Type | Processing Fee |
|---|---|---|---|
| SBI Home Loan | 7.90% | RLLR | 0.20% , Min Rs. 4,000, Max Rs. 17,400 |
| HDFC Home Loan | 8.05% | PLR | 0.50%, Min Rs. 3,000, Max Rs. 10,000 |
| Citibank Home Loan | 8.20% | TBLR | NIL |
| Bank of Baroda | 8.15% | RLLR | Min Rs. 10,030 |
| ICICI Bank | 8.25% | RLLR | 0.25% , Min Rs. 5,000, Max Rs. 5,000 |
| Axis Bank | 8.25% | RLLR | 0.20% , Min Rs. 5,000, Max Rs. 25,000 |
| PNB Housing Finance | 8.95% | PLR | 1.00%, Min Rs. 10,000 |
| LIC Housing Finance | 8.10% | PLR | 0.25% |
| Indiabulls | 9.25% | PLR | Min Rs. 7,500, Max Rs. 10,000 |
| DBS Bank | 8.45% | RLLR | Max Rs. 10,000 |
| DHFL | 9.75% | PLR | 0.50%, Min Rs. 2,500, Max Rs. 20,000 |
| Kotak Bank | 8.60% | RLLR | Max Rs. 10,000 |
| Bank of India | 8.10% | RLLR | 0.25% , Min Rs. 1,500, Max Rs. 20,000 |
| Yes Bank | 9.85% | 1 Year MCLR | 1.00%, Max Rs. 15,000 |
| Allahabad Bank | 8.25% | RLLR | 0.40% , Max Rs. 50,000 |
| Union Bank of India | 8.25% | RLLR | 0.50% , Max Rs. 15,000 |
| South Indian Bank | 8.75% | RLLR | 1.00% , Max Rs. 10,000 |
| Punjab and Sind Bank | 8.50% | 1 Year MCLR | 0.25%, Min Rs. 1,000, Max Rs. 15,000 |
| Lakshmi Vilas Bank | 9.70% | RLLR | 0.40% , Min Rs. 10,000, Max Rs. 20,000 |
| Karnataka Bank | 8.59% | RLLR | 0.25% , Min Rs. 250 |
| Indian Bank | 8.20% | RLLR | 0.23% , Max Rs. 20,381 |
| GIC Housing Finance | 10.25% | PLR | Min Rs. 2,500 |
| Canara Bank | 8.05% | RLLR | 0.50% , Min Rs. 1,500, Max Rs. 10,000 |
| IDFC First Bank | 8.15% | RLLR | Min Rs. 5,000, Max Rs. 5,000 |
| LT Housing Finance | 9.90% | PLR | 2.00%, Min Rs. 4,999 |
| UCO Bank | 8.05% | RLLR | 0.50% , Min Rs. 1,500, Max Rs. 15,000 |
| Reliance Capital | 10.00% | PLR | 1.00%, Min Rs. 3,000, Max Rs. 6,500 |
| OBC | 8.00% | RLLR | 0.50% , Max Rs. 20,000 |
| Jammu And Kashmir Bank | 8.45% | 1 Year MCLR | 0.25%, Min Rs. 500, Max Rs. 10,000 |
| IDBI Bank | 8.25% | RLLR | 0.50% , Min Rs. 2,500 |
| Federal Bank | 8.55% | RLLR | 0.50% , Min Rs. 3,000, Max Rs. 7,500 |
| Dhan Laxmi Bank | 9.55% | RLLR | 1.00% , Min Rs. 10,000 |
| Corporation Bank | 8.35% | RLLR | 0.50% , Max Rs. 50,000 |
| Bank of Maharashtra | 8.50% | 1 Year MCLR | 0.50% |
| Tata Capital | 9.05% | PLR | 0.50% |
| Andhra Bank | 8.15% | RLLR | 0.50% , Max Rs. 10,000 |
| United Bank of India | 8.00% | RLLR | 0.59% , Min Rs. 1,180, Max Rs. 11,800 |
| Standard Chartered Bank | 9.40% | 3 Month MCLR | 1.00%, Min Rs. 5,000, Max Rs. 10,000 |
| Syndicate Bank | 8.00% | RLLR | 0.13% , Min Rs. 500, Max Rs. 5,000 |
| PNB | 7.95% | RLLR | 0.35% , Min Rs. 2,500, Max Rs. 15,000 |
| RBL Bank | 10.45% | 1 Year MCLR | Min Rs. 5,000, Max Rs. 15,000 |
| Karur Vysya Bank | 8.65% | RLLR | Min Rs. 5,000 |
| Indian Overseas Bank | 8.20% | RLLR | 0.53% , Min Rs. 8,900, Max Rs. 13,350 |
| HSBC Bank | 8.65% | RLLR | 1.00% , Max Rs. 10,000 |
| Edelweiss | 10.50% | PLR | 0.25% |
| DCB Bank | 10.24% | 1 Year MCLR | 2.00%, Min Rs. 5,000 |
| Central Bank of India | 8.00% | RLLR | 0.50% , Max Rs. 20,000 |
