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Home Loan Interest Rates

(Last updated on 09 February 2016)

Are you looking forward to purchase your first place? Shopping for a home is exciting, exhausting and a little terrifying, especially in this market. In the end, your plan is to end up with a home you adore at a price you can manage to pay for. Arm yourself with the list mentioned below to compare and narrow down the choices to get the best for you.
To lend a helping hand to our customers, deal4loans has consolidated all the necessary information regarding current rate of interest on home loans provided by all the major banks at one place. Please keep visiting this section to check latest rate of interest for home loans.

Home loan trends for January: In New Year all major banks keep intact festive season schemes to gain some business from market. Still most of the borrowers just want to look for the comparison of housing loan schemes from various banks on the basis of processing fees, hidden charges, pre-payment charges, applications fees, per lac emi, lowest emi, tenure period etc. For you we are providing details of all major home loan providers of India below:

Get Exact Quote on Home Loan Interest Rates From all Banks

Loan Amount
Annual income
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Check Quotes on Home Loan Interest Rates

Bank Name
Loan Amount
Loan Tenure
Bank Name
Floating Interest rate
Per lac EMI
Processing Fee Prepayment Charges % Change in last 6 mths
L&T Housing Finance 9.65% - 10.25% (for Salaried/ SEP) 9.65%-10.50%(SENP) Rs.942 - Rs.982 (for Salaried/ SEP) Rs.942 - Rs.998(SENP) 0.25% -1%OR Rs.10000 which ever is higher +ST, subject to customer profile NIL
SBI - State Bank Of India 9.50% (For Women), 9.55% (For Others) Rs.932 (For Women), Rs.935 (For Others) Festive Offer* Zero Processing Fee
*Valid till 31-03-2016
ICICI Bank Up to 5 Cr 9.50%( For women),9.55%(for others) Up to 5 Cr Rs.932( For women),Rs.935(for others) 0.50% of loan amount upto 1 crore N.A
HDFC Ltd 9.50% (For Women), 9.55% (For Others) Rs.932 (For Women), Rs.935 (For Others) 0.5% or maximum 10,000+service tax (12.36%) No prepayment charges shall be payable for partial or full prepayments irrespective of the source
LIC Housing 9.60% Rs.939 Up to 50 lacs : 10,000 +(Service tax)
50 lacs & above : 15,000 +(service tax)
Zero Processing fee for Women
(Offer Valid till 31st March 2016)* T&C apply
Nil No Change
AXIS Bank 9.50% - 9.65%
(*Republic Day offer- Valid till 28th Feb'16)
Rs.932 - Rs.942 Upto 1% of the loan amount subject to minimum of Rs.10,000/- Nil
DHFL 9.55%(upto 25lacs),then 9.65% Rs.935(upto 25lacs),then Rs.942 1% for Salaried & 1.5% for SENP NIL
IDBI 9.75% Rs.949 NIL If Balance Transfer then 2% Otherwise Nil
Union Bank of India 9.65% - 10.40% Rs.942 - Rs.992 N.A NIL
Bank of India 9.70% Rs.945 0.25% of loan amount Min.Rs.1,000 and Max. Rs.20,000/- Nil
Indiabulls Housing Finance Limited 9.55% (upto 3 cr),then 10.25% Rs.935 (upto 3 cr),then Rs.982 Below 28 lacs = Rs.7500 28 lacs- 50 lacs = 0.50% Above 50 lacs = 0.5% to 1.00% of the loan amount NIL
Corporation Bank 9.65% Rs.942 0.50% of Loan amount (Max.Rs.50,000/-) NIL No Change
United Bank of India 9.75% Rs.945 N.A N.A
Tata capital Housing Finance ltd 9.60% (Salaried), 9.80% (SEP/SENP) Rs.939 (Salaried), Rs.952 (SEP/SENP) 0.20 (Minimum Rs. 5,000) to 0.25% off the loan amount + Service tax N.A N.A
HSBC Bank 9.55% - 10.05% (for Salaried) 9.55% - 10.10%( for Self Employed) Rs.935 - Rs.968 (for Salaried)
Rs.935 - Rs.971 (for Self Employed)
1% of the loan amount applied for, subject to a minimum of Rs 10000 plus service tax. This fee is payable on application and is not refundable Nil N.A
Indian Bank 9.65% Rs.1302 0.25% of loan amount with a maximum of Rs.20,000 Nil
Deutsche Bank 10.50% Rs.998 12000 + Service Tax Nil N.A
Standard Chartered 9.75% Rs.949 0.5 % - 1.50% NIL
Federal Bank 9.68% - 9.83% Rs.944 - Rs.954 0.50% of the limit sanctioned with a minimum of 3,000+ST, maximum of 7,500+ST N.A No Change
Allahabad Bank 9.95% Rs.961 NIL NIL
Central Bank of India 9.95% Rs.962 Rs.20000/- or .50% of loan amount subject to maximum Nil
UCO Bank 9.70% Rs.945 0.5% of the loan amount, minimum Rs.1500/- & maximum Rs. 15000/- NIL
Bank of Baroda 9.65% Rs.942 0.25% of loan amount Min.Rs.1, 000 and Max. Rs.20,000/- N.A. No Change
Canara Bank 9.65% Rs.942
Kotak Bank Upto 14.5% Rs.1280 upto 1.25% 2% on Balance transfer else NIL
Dena Bank 9.70% Rs.945 0.50% of sanctioned limit Nil
Vijaya Bank 9.65% Rs.942 N.A N.A
Syndicate Bank 9.70 Rs.888 Min. Rs.500/- & Maximum up to Rs.5000/- N.A
PNB Housing Finance 9.75% - 9.95% (Salaried / S.E Prof) 9.95% - 10.25% (S.Emp Non Prof) Rs.1059 - Rs.1072(Salaried / S.E Prof) Rs.1072 - Rs.1090 (S.Emp Non Prof) 0.5% NIL No Change
Citibank 9.85% - 9.95% Rs.955 - Rs.962 Rs. 5000 (Application fee) NIL No Change
Oriental Bank of Commerce 9.90% -10.40% Rs.958 - Rs.992 NIL NIL No Change
Indian Overseas Bank 9.90% Rs.958 A flat rate of 0.58% of the loan amount- maximum of Rs. 10,190/- There is no hidden charge. This is subject to change from time to time without prior intimation. N.A
Punjab National Bank 9.60% Rs.939 NIL NIL
Development Credit Bank 11.50% Rs.1066 1% Nil N.A
State Bank of Travancore 9.95% Rs.962 upto Rs.25,000 - Nil
Rs.25,000 above to Rs.2 lacs - Rs.500/-
Rs.2 lacs above- 0.50% of the loan amount maximum Rs.10000/-
Bank of Maharastra 9.70% Rs.945 0.25% of the loan amount (subject to maximum of Rs.25000/-) Nil No Change
Dhanalakshmi Bank 11.40% Rs.1060 1.00 % of loan amount + service tax (subject to minimum of Rs. 10,000 + service tax) N.A
Before apply for home loan, Calculate your home loan emi with Home Loan EMI Calculator

Disclaimer: Please note that the interest rates given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.
Banks/ Financial Institutions can contact us at customercare@deal4loans.com for inclusions or updates.
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