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.
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| 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 |
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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
Published on March 19, 2019
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