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 | 7.60-8.05 | 7.60-8.05 | 7.60-8.05 |
| Bank of Baroda | 7h95-9h40 | 7h95-9h40 | 7h95-9h40 |
| Bank of India | 7:80-9:65 a.m. | 7:80-9:65 a.m. | 7:80-9:65 a.m. |
| Bank of Maharashtra | 7:80-9:70 a.m. | 7:80-9:70 a.m. | 7:80-9:70 a.m. |
| Canara Bank | 8.05-10.30 | 8.05-10.30 | 8.05-10.30 |
| central bank | 7:20 a.m.-7:65 a.m. | 7:20 a.m.-7:65 a.m. | 7:20 a.m.-7:65 a.m. |
| DBS Bank | |||
| federal bank | 9.05-9.20 | 9.05-9.20 | 9.05-9.20 |
| ICICI Bank | 8.10-9.0 | 8.10-9.0 | 8.10-9.10 |
| Indian bank | 7h40-7h90 | 7h40-7h90 | 7h40-7h90 |
| BIO | 8.45 | 8h45-8h55 | 8h55-8h70 |
| IDBI Bank | 7h50-10h65 | 7h50-10h65 | 7h50-10h65 |
| J&K Bank | 8h35-8h45 | 8h35-8h45 | 8:35-8:75 |
| Bank of Karnataka | 7.96-9.31 | 7.96-9.31 | 7.96-9.31 |
| Karur Vysia Bank | 8.05-10.25 | 8.05-10.25 | 8.05-10.25 |
| Kotak Mahindra Bank | 7.99-8.6 | 7.99-8.6 | 7.99-8.6 |
| National Bank of Punjab | 7:95-9:20 a.m. | 7.90-9.20 | 7.90-8.85 |
| Bank of Punjab and Sindh | 7.90-9.0 | 7.90-9.0 | 7.90-9.0 |
| National 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 | 8.25-11 | 8.25-11 | 8.25-11 |
| Commercial Bank of Tamilnad | 7.95 | 7.95 | 7.95 |
| UCO Bank | 7.90-8.10 | 7.90-8.10 | 7.90-8.10 |
| Union Bank of India | 7:90-9:40 a.m. | 7:90-9:60 a.m. | 7:90-9:60 a.m. |
| 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 | 7:50 a.m. – 10:45 a.m. | 7:50 a.m. – 10:70 a.m. | 7:60 a.m. – 10:70 a.m. |
| Central Bank housing | 9h95-11h15 | 9h95-11h15 | 9h95-11h15 |
| HDFC Ltd | 8h15-8h75 | 8.15-9.0 | 8:35-9:10 a.m. |
| Indiabulls housing fin | >=7.6 | >=7.6 | >=7.6 |
| Aditya Birla housing fin | 8-12.5 | 8-12.5 | 8-12.5 |
| Bajaj Finserv | 7.20-14.00 | 7.20-14.00 | 7.20-14.00 |
| GIC Housing Finance Ltd | >=8.20 | >=8.20 | >=8.20 |
| Reliance real estate financing | 9.75-13 | 9.75-13 | 9.75-11 |
| Sundaram Home Finance Ltd | >=8.65 | >=8.65 | >=8.65 |
| Piramal Capital & Housing Finance | >=10.5 | >=10.5 | >=10.5 |
| LIC Housing Finance Ltd | 7h50-8h35 | 7h50-8h55 | 7h50-8h75 |
| HOUSING FINANCING COMPANIES (Flat Rates) | |||
| HDFC Ltd | N / A | N / A | N / A |
| LIC Housing Finance Ltd | 9h50-10h35 | 9h50-10h55 | 9h50-10h75 |
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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