Home Loan Interest Rates
| Bank | Interest Rate | Per lac EMI | Processing fee | Prepayment Charges |
|---|---|---|---|---|
| SBI (State Bank of India) | 8.35% – 8.65% | Rs.855 – Rs.874 | 0.35% of Loan Amount or Rs 10000 plus GST whichever is less, subject to a minimum of Rs 2000 plus taxes | Nil |
| HDFC Ltd. | 8.40% – 9.10% | Rs.858 – Rs.871 | Up to 1.25% of the loan amount or ₹ 3,000 whichever is higher, plus applicable taxes | Nil |
| Bank of Baroda | 8.30% | Rs.855 | Up to 0.5 % of loan amount + GST | N.A. |
| AXIS Bank | 8.35% – 8.75% | Rs.858 – Rs.884 | Up to 1% of the Loan amount subject to minimum of Rs.10,000/- | Nil |
| Union Bank of India | 8.30% – 8.35% | Rs.855 – Rs.858 | Nil till 31.03.2018 | NIL |
| Corporation Bank | 8.65% – 9.15% | Rs.877 – Rs.909 | NIL | NIL |
| HSBC Bank | 8.65% – 8.75% | Rs.877 – Rs.884 | N.A | Nil |
| Federal Bank | 8.95% – 9.20% | Rs.897 – Rs.913 | Upto Rs.7500 + GST | N.A |
| Allahabad Bank | 8.30% – 8.40% | Rs.855 – Rs.861 | NIL under All bank Utsav till 31.03.2018 | NIL |
| Central bank of India | 8.30% | Rs.855 | 0.50% of the loan amount + GST | Nil |
| Canara Bank | 8.35% – 8.55% | Rs.858 – Rs.871 | 0.50% of the loan amount + GST | Nil |
| Kotak Bank | 8.35% | Rs.858 | Upto 1.25% of Loan amount | Nil |
| Syndicate Bank | 8.45% | Rs.865 | N.A | N.A |
| Citibank | 8.60% – 8.85% | Rs.874 – Rs.890 | Rs. 5000 (Application fee) | NIL |
| Punjab National Bank | 8.35% – 8.45% | Rs.858 – Rs.865 | 0.50% of loan amount + GST | NIL |
| Bank of Maharashtra | 8.65% – 8.75% | Rs.877 – Rs.884 | As applicable at the time of disbursement | Nil |
| Indian Overseas Bank | 8.40% – 8.65% | Rs.862 – Rs.877 | 0.50% of the loan amount + GST | N.A |
| Oriental Bank of Commerce | 8.35% – 8.45% | Rs.858 – Rs.865 | 0.50% of the loan amount + GST | NIL |
| Dena Bank | 8.25% – 8.35% | Rs.852 – Rs.858 | N.A | Nil |
| ICICI Bank | 8.35% – 8.80% | Rs.858 – Rs.886 | 0.50% – 1.00% of the loan amount or Rs. 1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore) + GST | N.A |
Look at Home credit rates of every significant bank of India. Check Interest Rates 2018, Processing fee, Per lakh EMI from Nationalized/Government Banks/Private Banks. It is necessary to plan home loan monthly installments.
How to calculate interest rates?
Without calculation the interest rate the borrower can not take the home loan. There are different rates and the way of calculating the interest rate is differ from bank to bank. On the basis of reducing balance, the bank decides the interest rates.
Are you looking to buy your first house?
Looking for a house is energizing, debilitating and a touch of frightening, particularly in this market. You will probably wind up with a home you love at a value you can figure out how to pay for. Take a look at the above table and choose the best for you. Finbuket has solidified all the vital data with respect to the current rate of enthusiasm on home advances given by all the significant banks at one place. The borrower can go for the home loan agreement in order to reduce burden.
Which bank is best to take a home loan in India
- Approx all the banks at present offer home loan at 8.35% per annum.
- However, it is difficult to decide which bank is best.
- Compare the bank account according to your eligibility, do not forget to check out the bank processing fee.
- Check out for the bank who is providing maximum loan with the lowest processing fee.
- Go through the banks and choose the best lender for you.
How to get lowest home loan interest rates?
- Housing loan depends on two things
- Eligibility of the borrower
- The property for which the loan is taken
- The lender takes few factors into account like
- The age
- The value of the property
- Income of the applicant
- Eligibility of the applicant for the lower rate.
- Your better profile will help you in getting the loan at low-interest rates.
The borrower can get home loan at cheap rates.
