Home Loan Interest Rates

Home Loan Interest Rates

BankInterest RatePer lac EMIProcessing feePrepayment Charges
SBI (State Bank of India)8.35% – 8.65%Rs.855 – Rs.8740.35% of Loan Amount or Rs 10000 plus GST whichever is less, subject to a minimum of Rs 2000 plus taxesNil
HDFC Ltd.8.40% – 9.10%Rs.858 – Rs.871Up to 1.25% of the loan amount or ₹ 3,000 whichever is higher, plus applicable taxesNil
Bank of Baroda8.30%Rs.855Up to 0.5 % of loan amount + GSTN.A.
AXIS Bank8.35% – 8.75%Rs.858 – Rs.884Up to 1% of the Loan amount subject to minimum of Rs.10,000/-Nil
Union Bank of India8.30% – 8.35%Rs.855 – Rs.858Nil till 31.03.2018NIL
Corporation Bank8.65% – 9.15%Rs.877 – Rs.909NILNIL
HSBC Bank8.65% – 8.75%Rs.877 – Rs.884N.ANil
Federal Bank8.95% – 9.20%Rs.897 – Rs.913Upto Rs.7500 + GSTN.A
Allahabad Bank8.30% – 8.40%Rs.855 – Rs.861NIL under All bank Utsav till 31.03.2018NIL
Central bank of India8.30%Rs.8550.50% of the loan amount + GSTNil
Canara Bank8.35% – 8.55%Rs.858 – Rs.8710.50% of the loan amount + GSTNil
Kotak Bank8.35%Rs.858Upto 1.25% of Loan amountNil
Syndicate Bank8.45%Rs.865N.AN.A
Citibank8.60% – 8.85%Rs.874 – Rs.890Rs. 5000 (Application fee)NIL
Punjab National Bank8.35% – 8.45%Rs.858 – Rs.8650.50% of loan amount + GSTNIL
Bank of Maharashtra8.65% – 8.75%Rs.877 – Rs.884As applicable at the time of disbursementNil
Indian Overseas Bank8.40% – 8.65%Rs.862 – Rs.8770.50% of the loan amount + GSTN.A
Oriental Bank of Commerce8.35% – 8.45%Rs.858 – Rs.8650.50% of the loan amount + GSTNIL
Dena Bank8.25% – 8.35%Rs.852 – Rs.858N.ANil
ICICI Bank8.35% – 8.80%Rs.858 – Rs.8860.50% – 1.00% of the loan amount or Rs. 1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore) + GSTN.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.

By | 2018-04-25T11:27:08+00:00 April 23rd, 2018|Home Loan|0 Comments