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.
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| 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 | 8h60-8h95 | 8h60-8h95 | 8h60-8h95 |
| Bank of Baroda | 8h45-9h90 | 8h45-9h90 | 8h45-9h90 |
| Bank of India | 8h30-10h25 | 8h30-10h25 | 8h30-10h25 |
| Bank of Maharashtra | 8-9.85 | 8-10.35 | 8-10.35 |
| Canara Bank | 8h55-10h80 | 8h55-10h80 | 8h55-10h80 |
| central bank | >=7.50 | >=7.50 | >=7.50 |
| DBS Bank | |||
| federal bank | 9h55-9h60 | 9h55-9h65 | 9h60-9h70 |
| ICICI Bank* | 8h60-9h50 | 8h60-9h50 | 8h60-9h60 |
| Indian bank | 8h40-8h80 | 8h40-8h80 | 8h40-8h80 |
| BIO | 8.85 | >=8.0 | >=8.0 |
| IDBI Bank | 8.5-11.65 | 8.5-11.65 | 8.5-11.65 |
| J&K Bank | 8.85-8.95 | 8.85-8.95 | 8h95-9h25 |
| Bank of Karnataka | 8h24-9h49 | 8h24-9h49 | 8.24-9.59 |
| Karur Vysia Bank | 8.05-10.25 | 8.05-10.25 | 8.05-10.25 |
| Kotak Mahindra Bank | 8.49-9.10 | 8.49-9.10 | 8.49-9.10 |
| National Bank of Punjab | 8h35-8h85 | 8h20-8h85 | 8h20-8h75 |
| Bank of Punjab and Sindh | 8:35-9:35 a.m. | 8:35-9:35 a.m. | 8:35-9:35 a.m. |
| National Bank of India | 8:40 a.m. – 9:15 a.m. | 8.40 – 9.05 | 8.40 – 9.05 |
| Bank of South India | 9.25-12 | 9.25-12 | 9.25-12 |
| Commercial Bank of Tamilnad | 8.3 | 8.3 | 8.3 |
| UCO Bank | 8h40-8h60 | 8h40-8h60 | 8h40-8h60 |
| Union Bank of India | 8h25-9h90 | 8.25-10.10 | 8.25-10.10 |
| BANKS (fixed rates) | |||
| Axis Bank | 14 | 14 | 14 |
| 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 | >=8.60 | >=8.60 | >=8.60 |
| GNP Housing | 8:25 a.m. – 11:45 a.m. | 8:25 a.m. – 11:70 a.m. | 8:35 a.m. – 11:70 a.m. |
| Central Bank housing | 9h95-11h15 | 9h95-11h15 | 9h95-11h15 |
| HDFC Ltd | 8h40-9h25 | 8h40-9h50 | 8h40-9h60 |
| Indiabulls housing fin | >=8.95 | >=8.95 | >=8.95 |
| Aditya Birla housing fin | 8h50-13h50 | 8h50-13h50 | 8h50-13h50 |
| Bajaj Finserv | 8.30-14.00 | 8.30-14.00 | 8.30-14.00 |
| GIC Housing Finance Ltd | >=8.10 | >=8.10 | >=8.10 |
| Reliance real estate financing | 9.75-13 | 9.75-13 | 9.75-11 |
| Sundaram Home Finance Ltd | >=9.15 | >=9.15 | >=9.15 |
| Piramal Capital & Housing Finance* | >=10.5 | >=10.5 | >=10.5 |
| LIC Housing Finance Ltd | 8.0-9.50 | 8.0-9.70 | 8.0-9.90 |
| HOUSING FINANCING COMPANIES (Flat Rates) | |||
| HDFC Ltd | N / A | N / A | N / A |
| LIC Housing Finance Ltd | 10.00-11.50 | 10.00-11.70 | 10.00-11.90 |
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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. ^ Card rates
Posted on March 19, 2019