Take a look at the interest rates offered by different banks in the country.
| Interest Rates on Home Loans ( %) | ||||||
| Institution | Loan | Loan 30 Lac | Loan >=Rs 75 Lac | MCLR** | Wef | |
| Banks | ||||||
| Floating Rates : | ||||||
| Allahabad Bank | 8.35 | 8.35 | 8.35- 8.85 | 8.3 | 01-May-18 | |
| Andhra Bank | 8.55-8.6 | 8.55-8.6 | 8.55-8.7 | 8.5 | 15-May-18 | |
| Axis Bank^ | 8.4-8.45 | 8.4- 8.7 | 8.65-8.75 | 8.3 | 18-Apr-18 | |
| Bank of Baroda**^ | 8.45-9.45 | 8.45-9.45 | 8.45-9.45 | 8.45 | 06-Jun-18 | |
| Bank of India | 8.4 | 8.4-8.5 | 8.4-8.5 | 8.4 | 10-Apr-18 | |
| Bank of Maharashtra | 8.75 | 8.75 | 8.75-8.85 | 8.75 | 07-May-18 | |
| Canara Bank | 8.55- 8.6 | 8.55- 8.7 | 8.65- 8.75 | 8.5 | 07-Jun-18 | |
| Central Bank | 8.45 | 8.45 | 8.45 | 8.45 | 01-Jun-18 | |
| Corporation Bank | 8.4-8.85 | 8.4-8.85 | 8.4-9.1 | 8.3^^ | 15-Mar-18 | |
| Dena Bank | 8.4-8.45 | 8.4-8.45 | 8.4-8.55 | 8.4 | 01-Jun-18 | |
| Federal Bank | 9-9.25 | 9-9.25 | 9-9.25 | 8.95 | 16-May-18 | |
| HDFC Bank | 8.5-8.6 | 8.5-8.7 | 8.6-8.7 | 04-Jun-18 | ||
| ICICI Bank | 8.55-8.75 | 8.55-8.9 | 8.85- 9.05 | 8.4 | NA | |
| Indian Bank | 8.4 | 8.4 | 8.4-8.5 | 8.4 | 09-Apr-18 | |
| IOB | 8.5 | 8.5-8.6 | 8.6-8.75 | 8.5 | 10-Apr-18 | |
| IDBI Bank^* | 8.45- 8.5 | 8.45- 8.65 | 8.6-8.75 | 8.45 | 12-May-18 | |
| J&K Bank | 8.65- 8.75 | 8.65- 8.75 | 8.65- 9.05 | 8.65^ | 10-May-18 | |
| Karnataka Bank^* | 8.55 | 8.55 | 8.55-8.95 | 8.5 | 01-Dec-18 | |
| Karur Vysya Bank* | 8.65-9.2 | 8.65-9.2 | 8.65-9.2 | 9.2 | 07-May-18 | |
| Punjab National Bank | 8.6-8.65 | 8.6-8.65 | 8.6-8.7 | 8.4 | 01-Jun-18 | |
| Punjab & Sind Bank | 8.5 | 8.5 | 8.5- 8.75 | 8.5 | 16-May-18 | |
| State Bank of India | 8.45- 8.75 | 8.45-9 | 8.6-9 | 8.25 | 01-Jun-18 | |
| South Indian Bank^^^ | 8.6-9.0 | 8.6-9.0 | 8.6-9.0 | 8.5^ | 20-May-18 | |
| Syndicate Bank | 8.6 | 8.6 | 8.6 | 8.5 | 10-May-18 | |
| Tamilnad Mercantile Bank | 8.95 | 8.95 | 8.95 | 8.95 | Dec-17 | |
| UCO Bank | 8.45 | 8.45-8.55 | 8.55-8.7 | 8.45 | 10-Sep-17 | |
| Union Bank of India | 8.55 | 8.55 | 8.55- 8.6 | 8.45 | 01-Jun-18 | |
| United Bank of India | 8.5 | 8.5 | 8.5 | 8.5^ | 11-Apr-18 | |
| Vijaya Bank | 8.5 | 8.5 | 8.5 | 8.5 | 20-Sep-17 | |
| Fixed Rates : | ||||||
| Axis Bank | 11.75 | 11.75 | 11.75 | NA | ||
| Corporation Bank | 11.85-12.35 | 12.35 | 12.35 | 15-Mar-18 | ||
| Dena Bank | 11.25 | 11.75 | 11.75 | 01-Feb-18 | ||
| HDFC Bank | 8.6-8.7 | 8.6-8.8 | 8.7- 8.8 | 04-Jun-18 | ||
| ICICI bank | 8.55-9.95 | 8.55-10.30 | 8.9-10.3 | NA | ||
| Indian Bank | 9.4 | 9.4 | 9.4-9.5 | 09-Apr-18 | ||
| IDBI bank | 10.10-10.35 | 10.10-10.35 | 10.10-10.35 | 01-Jul-17 | ||
| Punjab National Bank | 9.1- 9.15 | 9.1- 9.15 | 9.1- 9.2 | NA | ||
| Union Bank of India | 11.4 | 12.4-12.65 | 12.65 | 01-Apr-18 | ||
| Vijaya Bank | Na | |||||
| Housing Finance Companies | ||||||
| Floating Rates : | ||||||
| Dewan Housing*** | 8.35 | 8.35 | 8.35 | NA | ||
| Tata Capital | 8.5- 8.75 | 8.5- 8.95 | 8.65- 9.05 | 13-Apr-18 | ||
| PNB Housing | 8.85- 11.75 | 8.85- 11.75 | 8.85- 11.75 | NA | ||
| Central Bank Housing | 9.8-9.95 | 9.9- 9.95 | 9.9- 9.95 | 01-Jan-17 | ||
| HDFC Ltd | 8.5-9.1 | 8.5-9.2 | 8.6-9.2 | NA | ||
| Indiabulls Housing Finance Ltd | 8.5-9.85 | 8.5-9.85 | 8.5-10.75 | NA | ||
| Fixed Rates : | ||||||
| PNB Housing | 8.4- 11.75 | 8.4- 11.75 | 8.55- 11.75 | NA | ||
| HDFC Ltd | 8.6-9.2 | 8.6-9.3 | 8.7-9.3 | NA | ||
| Indiabulls Housing Finance Ltd | 9.05-10.1 | 9.05-10.1 | 9.05-11 | NA |
| ^^3 Month MCLR | ||||||
| ** 1 Year MCLR ref rate | ||||||
| ***8.35% onwards | ||||||
| ^MCLR Reset frequency for Home Loans – Half Yearly | ||||||
| ^*For Plain Home Loan with MCLR Reset frequency for Home Loans – 6 Months | ||||||
| **^additional charge as per risk rating of applicant | ||||||
| ^^^ Interest range consider rate on the basis of 6 month and 1 year MCLR both | ||||||
| * Interest range consider rate on the basis of 3 month and 1 year MCLR both | ||||||
| Note : | ||||||
| Fixed/Floating Rates that vary with tenures within the specified loan amounts are indicated as a range. Fixed interest rates may be subject to a revision after a specified tenure depending on the bank’s t&c. Some banks/FIs allows fixed rate only for a definite period and thereafter prevailing floating rates are made applicable. (Rates as on 8 Jun 18 | ||||||
| Data taken from respective bank’s website | ||||||
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