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Home Loan Interest Rates

(Last updated on 16 December 2018)
Compare Home loan rates of all major banks of India. Check Interest Rates 2018, Processing fee ✓ Per lakh EMI ✓ ROI floating Rates ✓ Lowest fixed rates for salaried, Women and Self-employed/Professionals from Nationalised / Government Banks / Private Banks through Deal4loans.

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 Update December 2018 - RBI hike key rates second time continuously. New repo rates are 6.50% after hike of 25 basis points (0.25%) on 01 August 2018. If banks pass all the burden to consumers or borrowers than Interest rates on home loans would start from 8.65% which is 8.40% present.

How your EMIs are likely to be affected for home loans:

Assume you have taken a Rs 10 lakh home loan, which currently carries an interest rate of 8.40 per cent for 20 years tenure. That means that your EMI at present is Rs 8,615. But if your bank hikes its interest rate by 25 bps to pass on the burden of the repo rate hike, at 8.65 per cent interest rate your EMI will go up by Rs. 158 to Rs. 8773. For entire tenure the impact would be bigger as the borrower would need to pay Rs 38,007 more as interest of the loan.

Get instant quotes on Home Loan Interest Rates from top 17 banks online & your CIBIL score absolutely FREE.

Loan Amount
Occupation
Annual Income
City
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Check Home Loan Interest Rates of all major banks of India instantly

Bank Name
Loan Amount
Loan Tenure
Bank Name
Floating Interest rate
Per lac EMI
MCLR Rates Processing Fee Prepayment Charges % Change in last 6 mths
SBI - State Bank Of India 8.75% - 8.90% Rs.884 - Rs.893 8.55% Special Offer : 0% (all home loan application)*.
*till 31st December
Nil
1.52%
ICICI Bank 9.10% - 9.15% Rs.906 - Rs.909 8.65% 0.50% - 1.00% of the loan amount or Rs. 1500 + GST N.A
1.44%
HDFC Ltd 8.80% - 9.05% Rs.887 - Rs.903 16.45% Up to 1.25% of the loan amount or ₹ 3,000 whichever is higher, plus applicable taxes Nil
1.98%
LIC Housing 8.85% - 9.05% Rs.890 - Rs.903 14.60% Upto 1 crore - 5000 + GST 1 crore & above - 10000 + GST Nil No Change
Bank of Baroda 8.55% Rs.871 8.55% Upto 0.5 % of loan amount + GST N.A. No Change
AXIS Bank 8.70% - 9.05% Rs.858 - Rs.903 8.70% Up to 1% of the Loan amount subject to minimum of Rs.10,000/- Nil
0.9%
DHFL 8.70% Rs.858 18.82% RPLR Upto Rs. 20,000 + document charges + GST Nil
2.46%
IDBI 8.90% Rs.886 8.85% NIL Nil
0.97%
Union Bank of India 8.75% - 8.90% Rs.884 - Rs.886 8.65% 0.50% of loan amount subject to a maximum of 15000 + GST NIL
2.5%
Bank of India 8.70% - 8.75% Rs.880 - Rs.884 8.55% 0.25% of loan amount Min.Rs.1,000/- and Max. Rs.20,000/- Nil
2.45%
Indiabulls Housing Finance Limited 8.70% - 10.95% Rs.880 - Rs.1029 9.50% 0.50% to 1.00% + GST NIL
2.46%
Corporation Bank 8.65% - 9.15% Rs.877 - Rs.909 8.65% NIL NIL No Change
L&T Housing Finance 8.35% Rs.858 0.25% plus taxes (for salaried & for self employed) NIL
United Bank of India 8.60% Rs.874 8.80% 0.59%, Minimum Rs.1180/-; Maximum Rs.11800/- N.A
Tata capital Housing Finance ltd 8.65%(For Women) - 8.90%(For Others) Rs.877(For Women) - Rs.893(For Others) Upto 0.5% of loan amount + GST N.A N.A
Shubham Housing Development Finance Company 12%-14%(For Salaried) - 15%-17%(For Self-employed) Rs.1101-Rs.1244(For Salaried) - Rs.1317-Rs.1466(For Self-employed) up to 3% of loan amount + GST N.A
HSBC Bank 8.65% - 8.75% Rs.877 - Rs.884 8.15% N.A Nil N.A
Deutsche Bank 10.50% Rs.998 9.35% 12000 + Service Tax Nil N.A
Standard Chartered 8.51% Rs.868 8.95% Rs.10000 + GST NIL
1.55%
Federal Bank 8.95% - 9.20% Rs.897 - Rs.913 8.9% Upto Rs.7500 + GST N.A No Change
Allahabad Bank 8.50% - 8.90% Rs.868 - Rs.886 8.45% N.A NIL
2.92%
Central Bank of India 8.50% Rs.868 8.50% 0.50% of the Loan Amount subject to maximum Rs.20,000/- Nil
2.38%
UCO Bank 8.55% - 8.80% Rs.871 - Rs.887 8.55% Nil till 30.09.2018 NIL
2.45%
Canara Bank 8.65% - 8.85% Rs.877 - Rs.890 8.60% 0.50% of loan amount + GST
1.96%
Kotak Bank 8.75% Rs.884 8.95% Upto 1.25% of Loan amount Nil
4.65%
Dena Bank 8.50% - 8.65% Rs.868 - Rs.877 8.50% N.A Nil
2.5%
Vijaya Bank 8.50% Rs.868 8.50% Upto Rs.4000 + GST N.A
0.49%
Syndicate Bank 9.75% Rs.948 8.65% N.A N.A
2.43%
Citibank 8.90% - 9.40% Rs.893 - Rs.926 8.45% Rs. 5000 (Application fee) NIL No Change
PNB Housing Finance 9.00% - 9.50% Rs.900 - Rs.932 0.50% Or 10,000 + GST , whichever is higher. NIL No Change
Oriental Bank of Commerce 8.65% - 8.75% Rs.877 - Rs.884 8.65% 0.50% of the loan amount, subject to maximum of Rs.20000/- plus GST NIL No Change
Indian Overseas Bank 8.50% - 8.75% Rs.868 - Rs.884 8.50% 0.50 % (max. Rs.25,000/-) N.A
1.95%
Indian Bank 8.60% - 9.70% Rs.874 - Rs.945 8.60% 0.230% on loan amount + GST or Max Rs.20470/- Nil
2.92%
Punjab National Bank 8.65% - 8.70% Rs.877 - Rs.880 8.45% 0.50% of loan + GST NIL
2.43%
State Bank of Travancore 8.30% - 8.60% Rs.855 - Rs.874 7.95% 0.35% of Loan Amount or Rs 10000 plus GST whichever is less, subject to minimum of Rs 2000 plus taxes NIL N.A
Bank of Maharastra 8.75% - 8.95% Rs.884 - Rs.896 8.75% As per applicable Nil No Change
Dhanalakshmi Bank 9.70% - 10.00% Rs.880 - Rs.965 9.70% 1.00% of loan amount + GST N.A
Development Credit Bank 8.50% - 16.00% Rs.868 - Rs.1391 9.72% 1.00 % of loan amount + GST Nil N.A
DHFL Vyasa Housing Finance 9.75% - 10.25% Rs.945 - Rs.982 1% of the loan amount N.A
GIC Housing Finance 10.25% Rs.982 Rs.2500 + GST N.A
Gruh Finance Limited 8.35% - 15.05% Rs.858 - Rs.1320 Upto 1% of loan amount + GST N.A
India Infoline Housing Finance Ltd. 8.50% Rs.868 Upto 1% of loan amount + GST N.A
Karnataka Bank 8.60% - 9.00% Rs.874 - Rs.900 8.95% N.A N.A
Sundaram BNP Paribas Home Finance Ltd. 9.80% - 11.05% Rs.952 - Rs.1036 Upto 0.75% of loan amount + GST N.A
National Trust Housing Finance Ltd. 13.5% - 15.5% Rs.1207 - Rs.1354 2.50% of the amount Or Rs.5000/- N.A
Orange City Housing Ltd. 14% Rs.1244 Upto 1% of loan amount + GST N.A
Reliance Home Finance Private Ltd. 8.35% Rs.884 - Rs.1244 18.40% PLR Up to 2% + GST N.A
Repco Home Finance Ltd. 8.75% Rs.884 8.75% 1% of loan amount + GST N.A
You can compare all the home loan banks on the basis of loan amount for upto 30 lakh, above 30 lakh to 75 lakh and above 75 lakhs. Most of the banks offer different rates as per the loan amount.

Home Loan Interest Rates for Women in India by Top Banks - December 2018

Here's the list of best housing loan providers to women at lower interest rates you can check which is the bank who offered home loan on lowest interest rates. Interest rates for both salaried and self-employed womens.
Women (Salaried) Women (Self Employed)
SBI Home Loan 8.65% - 9.00% 8.80% - 9.15%
HDFC Ltd Home Loan 8.70% - 9.30% 8.70% - 9.35%
ICICI Home Loan 8.65% - 8.70% 8.70% - 8.75%
PNB Home Loan 8.65% - 8.70% 8.65% - 8.70%
Axis Bank Home Loan 8.50% - 8.70% 8.50% - 8.70%
Bank of Baroda Home Loan 8.50% - 9.50% 8.50% - 9.50%
DHFL Home Loan 8.50% onwards 8.50% onwards
LIC Home Loan 8.40% onwards 8.40% onwards
 

Home Loan Interest Rates in India by Top Banks - December 2018

Here's the list of best housing loan providers to male or men / others at lower interest rates you can check which is the bank who offered home loan on lowest interest rates. Interest rates for both salaried and self-employed.
For Others (Salaried) For Others (Self Employed)
SBI Home Loan 8.70% - 9.05% 8.85% - 9.20%
HDFC Ltd Home Loan 8.75% - 9.35% 8.75% - 9.40%
ICICI Home Loan 8.70% - 8.75% 8.75% - 8.80%
PNB Home Loan 8.70% - 8.85% 8.70% - 8.85%
Axis Bank Home Loan 8.50% - 8.70% 8.50% - 8.70%
Bank of Baroda Home Loan 8.50% - 9.50% 8.50% - 9.50%
DHFL Home Loan 8.50% onwards 8.50% onwards
LIC Home Loan 8.40% onwards 8.40% onwards
 

Top Banks for Home Loans in India

  1. SBI
  2. HDFC Ltd
  3. DHFL Housing
  4. PNB Housing
  5. Bank of Baroda
  6. Indian Bank
  7. ICICI Bank
  8. Axis Bank
  9. PNB Bank
  10. LIC Housing Finance
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.