Home Loan Interest Rate in India
Home Loan Interest Rate in India
Home loans can be provided for the purchase of a house/flat, construct a house, renovate/repair an existing house, or purchase a plot for the construction of a house/flats.
These are provided by public and private sector banks as well as housing finance companies as listed on National Housing Bank's website Banks and HFCs (housing financial companies) based on interest rate in India. There are two types of home loan interest rates charged by most of the banks, Fixed interest rates and Floating Interest Rate.
In comparison the lowest home loan interest rate starts from 6.65% p.a. and applying for the best home loans.
Home Loan Interest Rate of all Banks 2022
There are some banks from India with their interest rates on home loans that are given below:
Banks Starting Interest Rate (p.a.) Processing Fees
Kotak Mahindra Bank 7.50% p.a. onwards 0.50%
Citibank 6.65% p.a. onwards Rs. 10,000
Union Bank of India 7.40% p.a. onwards -
Bank of Baroda 7.45% p.a. onwards Contact the bank for information
Central Bank of India 7.40% p.a. onwards Rs. 20,000
Bank of India 6.90% -
State Bank of India 7.55% p.a. onwards 0.35% onwards
HDFC LTD 7.55%* 0.5% or Rs.3,000 whichever is higher
LIC Housing Finance 7.55% p.a. onwards Rs. 10,000 -Rs. 15,000
Axis Bank 7.60% p.a. onwards Rs. 10,000
Canara Bank 7.05% p.a. to 9.30% p.a. 0.50% of the loan amount subject to a minimum of Rs. 1,500, and a maximum of Rs. 10,000
Punjab and Sind Bank 7.40% p.a. onwards Full Waiver
IDFC First Bank 7.50% p.a. onwards Rs. 5,000 - Rs. 5,000