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 | ||
| Below Rs. 30,000,000 |
Rs. 30 to 75,000,000 |
Rs. 75,000,000 More | |
| BANKS (Floating rates) | |||
| Axis Bank | 7.60-8.05 | 7.60-8.05 | 7.60-8.05 |
| Bank of Baroda | 7:45-8:90 a.m. | 7:45-8:90 a.m. | 7:45-8:90 a.m. |
| Bank of India | 6.90-8.75 | 6.90-8.75 | 6.90-8.75 |
| Bank of Maharashtra | 7:30-8:85 a.m. | 7:30-9:20 a.m. | 7:30-9:20 a.m. |
| Canara Bank | 7.05-9.30 | 7.05-9.30 | 7.05-9.30 |
| central bank | 6:85-7:30 a.m. | 6:85-7:30 a.m. | 6:85-7:30 a.m. |
| DBS Bank | |||
| federal bank | 8h55-8h60 | 8h55-8h65 | 8h60-8h70 |
| ICICI Bank | 7h60-8h20 | 7:60-8:35 a.m. | 7:60-8:45 a.m. |
| Indian bank | 7h40-7h90 | 7h40-7h90 | 7h40-7h90 |
| BIO | 7.05 | 7.05-7.15 | 7.15-7.3 |
| IDBI Bank | 7h50-10h65 | 7h50-10h65 | 7h50-10h65 |
| J&K Bank | 7.85-7.95 | 7.85-7.95 | 7h85-8h25 |
| Bank of Karnataka | 7.74-8.99 | 7.74-8.99 | 7.74-9.09 |
| Karur Vysia Bank | 7:15-9:35 a.m. | 7:15-9:35 a.m. | 7:15-9:35 a.m. |
| Kotak Mahindra Bank | 7.5-8.1 | 7.5-8.1 | 7.5-8.1 |
| National Bank of Punjab | 7h45-8h70 | 7h40-8h70 | 7h40-8h35 |
| Bank of Punjab and Sindh | 7h40-8h50 | 7h40-8h50 | 7h40-8h50 |
| State Bank of India ^ | 7:55 a.m. – 8:15 a.m. | 7:55 a.m. – 8:15 a.m. | 7:55 a.m. – 8:05 a.m. |
| Bank of South India | 7:75-10:50 a.m. | 7:75-10:50 a.m. | 7:75-10:50 a.m. |
| Commercial Bank of Tamilnad | 7.95 | 7.95 | 7.95 |
| UCO Bank | 6.90-7.10 | 6.90-7.10 | 6.90-7.10 |
| Union Bank of India | 7h40-8h90 | 7.40-9.10 | 7.40-9.10 |
| BANKS (fixed rates) | |||
| Axis Bank | 12 | 12 | 12 |
| 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 | >=7.75 | >=7.75 | >=7.75 |
| GNP housing | 6.99-10.0 | 6.99- 10.15 | 7.15-10.15 |
| Central Bank housing | 9h95-11h15 | 9h95-11h15 | 9h95-11h15 |
| HDFC Ltd | 7:55-8:30 a.m. | 7h55-8h55 | 7h55-8h65 |
| Indiabulls housing fin | >=7.6 | >=7.6 | >=7.6 |
| Aditya Birla housing fin | 8-12.5 | 8-12.5 | 8-12.5 |
| Bajaj Finserv | 6:75 a.m.-2:00 p.m. | 6:75 a.m.-2:00 p.m. | 6:75 a.m.-2:00 p.m. |
| GIC Housing Finance Ltd | >=7.74% | >=7.74% | >=7.74% |
| Reliance real estate financing | 9.75-13 | 9.75-13 | 9.75-11 |
| Sundaram Home Finance Ltd | >=8.15 | >=8.15 | >=8.15 |
| Piramal Capital & Housing Finance | >=10.5 | >=10.5 | >=10.5 |
| LIC Housing Finance Ltd | 6.90-7.75 | 6.90-7.95 | 6.90-8.15 |
| HOUSING FINANCING COMPANIES (Flat Rates) | |||
| HDFC Ltd | N / A | N / A | N / A |
| LIC Housing Finance Ltd | 8.90-9.75 | 8.90-9.95 | 8h90-10h15 |
–
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. ^ Card rates