What are the different fixed and variable interest rates offered for home loans today? Let’s take a detailed look at the interest rates of banks and housing finance companies.
–
| Institution | Amount of the loan | ||
|
Under Rs. 30,000,000 |
Rs. 30 to 75,000,000 |
Rs. 75,000,000 more | |
| BANKS (Floating rates) | |||
| Axis Bank | 6h75-7h20 | 6h75-7h20 | 6h75-7h20 |
| Bank of Baroda | 6.5-7.85 | 6.5-7.85 | 6.5-7.85 |
| Bank of India | 6h50-8h35 | 6h50-8h35 | 6h50-8h35 |
| Bank of Maharashtra | 6.40-7.95 | 6.40-8.45 | 6.40-8.45 |
| Canara Bank | 6.9-8.9 | 6.9-8.9 | 6.9-8.9 |
| central bank | 6:85-7:30 a.m. | 6:85-7:30 a.m. | 6:85-7:30 a.m. |
| DBS Bank | |||
| federal bank | 7.65- 7.70 | 7.65- 7.75 | 7.70- 7.80 |
| HDFC Bank | 6.75-7.50 | 6.75-7.75 | 7.00-7.85 |
| ICICI Bank | 6.70-7.30 | 6:70-7:45 a.m. | 6h70-7h55 |
| Indian bank | 6.50-7.2 | 6.50-7.2 | 6.50-7.0 |
| BIO | 7.05 | 7.05-7.15 | 7.15-7.3 |
| IDBI Bank | 6.75-9.90 | 6.75-9.90 | 6.75-9.90 |
| J&K Bank | 6.95-7.05 | 6.95-7.05 | 7.05-7.35 |
| Bank of Karnataka | 7.5-8.75 | 7.5-8.75 | 7.5-8.85 |
| Karur Vysia Bank | 7:15-9:35 a.m. | 7:15-9:35 a.m. | 7:15-9:35 a.m. |
| Kotak Mahindra Bank | 6.55-7.10 | 6.55-7.10 | 6.55-7.10 |
| National Bank of Punjab | 6.55-7.8 | 6.5-7.8 | 6.5-7.45 |
| Bank of Punjab and Sindh | 6.5-7.60 | 6.5-7.60 | 6.5-7.60 |
| State Bank of India ^ | 6.70 – 7.15 | 6.70 – 6.90 | 6.70 – 6.90 |
| Bank of South India | 7.30-10.05 | 7.30-10.05 | 7.30-10.05 |
| Commercial Bank of Tamilnad | 8.25 | 8.25 | 8.25 |
| UCO Bank | 6.50-6.70 | 6.50-6.70 | 6.50-6.70 |
| Union Bank of India | 6.4-7.35 | 6.4-7.4 | 6.4-7.4 |
| BANKS (fixed rates) | |||
| Axis Bank | 12 | 12 | 12 |
| HDFC Bank | 7h40-7h95 | 7.40-8.10 | 7h55-8h20 |
| 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 FINANCING COMPANIES (Variable Rates) | |||
| Floating rates: | |||
| Tata Capital | >=6.7 | >=6.7 | >=6.7 |
| GNP Housing | 6.99-8.75 | 6.99- 8.90 | 7.15- 8.90 |
| Central Bank housing | 9h95-11h15 | 9h95-11h15 | 9h95-11h15 |
| HDFC Ltd | 6h70-7h65 | 6.70-7.90 | 6.70-8.0 |
| Indiabulls housing fin | >=8.65 | >=8.65 | >=8.65 |
| Aditya Birla housing fin | 9-12.5 | 9-12.5 | 9-12.5 |
| Bajaj Finserv | 6.70-14.00 | 6.70-14.00 | 6.70-14.00 |
| GIC Housing Finance Ltd | 9.10-12.50 | 9.10-12.50 | 9.10-12.50 |
| Reliance real estate financing | 9.75-13 | 9.75-13 | 9.75-11 |
| Sundaram Home Finance Ltd | >=7.85 | >=7.85 | >=7.85 |
| Piramal Capital & Housing Finance | >=10.5 | >=10.5 | >=10.5 |
| LIC Housing Finance Ltd | 6.75-7.60 | 6.70-7.80 | 6.7-7.90 |
| HOUSING FINANCING COMPANIES (Flat Rates) | |||
| HDFC Ltd | 7.40-8.10 | 7h40-8h25 | 7:55-8:35 a.m. |
| LIC Housing Finance Ltd | 10.05 | 10.05-10.15 | 10:15 a.m. |
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Compiled by BankBazaar.com from the respective bank’s website on the date mentioned above. Note that fixed interest rates may be subject to revision after a fixed term depending on the general conditions of the bank.
Some banks/FIs only allow fixed rates for a fixed period, after which the prevailing floating rates apply. *Including balance transfer rate
Published on
January 09, 2022