A quick look at home loan lending rates of 6 financial institutions in India

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Home loan rates in India still continue to remain at elevated levels. Banks and housing financial institutions continue to compete with each other for this highly lucrative lending segment. We have compared the interest rates on home loans for home loan borrowers. Please note, that the rates change from time to time and do compare processing fees and other charges before taking a decision.

ICICI lending rate is 10.15 percent

ICICI Bank has recently reduced the home loan rate by 10 basis points to 10.15 percent from 10.25 percent. The limited period offer is valid till 30th June 2014. This is available only to salaried employees availing floating rate loans below Rs 75 lakhs.

Lending rate is in the range of 10.25-10.50 percent

The home loan rate offered by Axis Bank for loan amount up to Rs. 75 lakhs is 10.25 per cent. For loans above Rs. 75 lakhs the interest rate is 10.50 percent. The fixed home loan called the NISCHINT - Home Loan offers loans at 11.75 percent.

 

 

Loan rate between 10.20-10.45 percent

Canara Bank is offering a home loan rate of 10.20 percent for loan amount till Rs. 75 lakhs. Above Rs. 75 lakhs the interest rate is 10.45 percent.

Lending rate varies between 10.15-10.30 percent

For women, State Bank of India is offering home loans at interest rate of 10.10 percent for loan amount up to Rs.75 lakhs and 10.25 percent for loan amount above Rs. 75 lakhs. For other borrowers, the rate is 10.15 percent for loan amount till Rs. 75 lakhs and 10.30 percent for loan amount above R.75 lakhs.

Home loan rates of 10.25-10.50 percent

LIC Housing Finance offers a floating home loan rate of 10.25-10.50 percent. The fixed home loan rate is 10.25-10.35 percent.

Interest rates between 10.25-10.50 percent

Adjustable rate loan offered by HDFC up to Rs. 75 lakhs is 10.25-10.75 percent and from Rs 75 lakhs onwards the rate is 10.50-11 percent.

Story first published: Thursday, June 12, 2014, 9:35 [IST]
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