Latest Interest Rates on Home Loans

Written By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Home loans enable us to accomplish the dream of owning a home. In terms of tax implications this might seem like a good proposal, however, interest rates can take a toll on your financial goals.

    Even if you have already taken a home loan, you might be aware that you can change your home loan lender if you find a cheaper, better option with another bank/ financial institution to benefit your expenses. Check the latest interest rates on home loans below to make a better decision. Also Read: What is the Ideal Age to Buy a House?

    Latest Interest Rates on Home Loans

    Floating Interest Rates (%) on Home Loans provided by Housing Finance Institutions:

    Financial InstitutionOver or equal to Rs 30 lakhRs 30 to 75 lakhOver Rs 75 lakhLast Updated on
    Dewan Housing8.358.358.35Not Available
    Tata Capital8.45- 8.98.45- 8.98.45- 8.903/10/18
    PNB Housing8.85- 11.758.85- 11.758.85- 11.75Not Available
    Central Bank Housing9.8-9.959.9- 9.959.9- 9.9501/01/17
    HDFC Ltd8.4-8.958.4-9.18.55-9.2Not Available
    Indiabulls Housing Finance Ltd8.4-9.758.4-9.758.4- 11.25Not Available

    Also Read: How And When Does Floating Interest On Home Loan Change?

    Fixed Interest Rates (%) on Home Loans provided by Housing Finance Institutions:

    Financial InstitutionOver or equal to Rs 30 lakhRs 30 to 75 lakhOver Rs 75 lakhLast Updated on
    PNB Housing8.4- 11.758.4- 11.758.55- 11.75Not Available
    Central Bank Home Fin14-14.514.514.510/01/13
    HDFC Ltd8.4-9.18.4-9.258.55- 9.35Not Available
    Indiabulls Housing Finance Ltd8.95-108.95-108.95-11.5Not Available

    Floating Interest Rates (%) on Home Loans provided by Banks:

    BankOver or equal to Rs 30 lakhRs 30 to 75 lakhOver Rs 75 lakhMCLR  Last Updated on
    Allahabad Bank8.38.38.3- 8.88.2512/01/17
    Andhra Bank8.45-8.58.45-8.58.45-8.68.403/15/18
    Axis Bank8.35-8.48.35- 8.78.65-8.758.302/17/18
    Bank of Baroda**8.4-9.48.4-9.48.4-9.48.404/07/18
    Bank of India8.48.48.48.404/10/18
    Bank of Maharashtra8.658.658.65-8.758.6504/07/18
    Canara Bank8.45- 8.58.45- 8.68.55- 8.658.403/07/18
    Central Bank8.458.458.458.4504/01/18
    Corporation Bank8.758.758.75- 9.18.7503/15/18
    Dena Bank8.35-8.48.35-8.48.35-8.58.3504/01/18
    Federal Bank8.95-9.28.95-9.28.95-9.28.903/16/18
    HDFC Bank8.4-8.68.4-8.758.55-8.85 Not Available
    ICICI Bank8.45 - 8.88.45 - 8.858.75- 8.958.3Not Available
    Indian Bank8.48.48.4-8.58.404/09/18
    IOB8.48.4-8.58.5-8.658.410/10/17
    IDBI Bank#*8.35- 8.48.35-8.558.5-8.658.3502/12/18
    J&K Bank8.55- 8.658.55- 8.658.55- 8.958.55#04/10/18
    Karnataka Bank#*8.58.58.98.411/01/17
    Karur Vysya Bank8.65-9.158.65-9.158.65-9.159.1503/07/18
    Punjab National Bank8.5-8.558.5-8.8.558.5- 8.68.304/01/18
    Punjab & Sind Bank8.48.48.4- 8.658.403/07/18
    State Bank of India8.35- 8.658.35-8.88.5-8.98.1504/01/18
    Syndicate Bank8.558.558.558.4504/10/18
    Tamilnad Mercantile Bank8.958.958.958.9512/17/18
    UCO Bank8.458.45-8.558.55-8.78.4509/10/17
    Union Bank of India8.458.458.45- 8.58.3504/01/18
    United Bank of India8.458.458.458.4511/06/17
    Vijaya Bank8.58.58.58.509/20/17

    Fixed Interest Rates (%) on Home Loans provided by Banks:

    BankOver or equal to Rs 30 lakhRs 30 to 75 lakhOver Rs 75 lakhLast Updated on
    Axis Bank11.7511.7511.75Not Available
    Corporation Bank11.75-12.2512.2512.2512/01/17
    Dena Bank11.2511.7511.7502/01/18
    HDFC Bank8.4- 8.68.4- 8.758.55- 8.85Not Available
    ICICI bank8.45-9.88.45-10.28.8-10.2Not Available
    Indian Bank9.49.49.4-9.504/09/18
    IDBI bank10.10-10.3510.10-10.3510.10-10.3507/01/17
    Punjab National Bank9- 9.059- 9.059- 9.1Not Available
    Union Bank of India11.412.4-12.6512.6504/01/18

    Also Read: Smart Ways to Manage your EMI on Home Loans

    Notes:

    • MCLR (marginal cost of funds based lending rate) is one-year ref rate.
    • The fixed or floating rate will vary as per the tenure of the home loan.
    • Some institutions allow fixed rate only for a period of the tenure and then switch to floating rate.

    #: The frequency of resetting MCLR is half-yearly.
    #*: The frequency of resetting MCLR is half-yearly for a plain home loan.
    **: Includes additional charges as per the risk rating of the applicant.

    Source: Websites of the institution.

    Read more about: home loan
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more