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Friday, July 19, 2024

Low-Interest Rate Home Loan

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Start comparing house loan interest rates beginning at 6.65 percent per annum and apply for the perfect interest home loan. Get a comprehensive list of existing home loan interest rates in India from all major banks and financial organizations.

Low-Interest Rate Home Loan
BanksStarting Interest Rate (p.a.)Processing Fees
Kotak Mahindra Bank7.00% p.a. to 7.60% p.a.0.50%
Citibank6.75%Rs. 10,000
Union Bank of India6.90%
Bank of Baroda6.90% to 8.25%
Central Bank of India6.85%Rs. 20,000
Bank of India6.90%
State Bank of India7.05% p.a. -10.85% p.a0.35% onwards
HDFC LTD7.00%*Rs. 3,000 – Rs. 5,000 (plus taxes)*
LIC Housing Finance6.90%Rs. 10,000 -Rs. 15,000
Axis Bank6.90%Rs. 10,000
Canara Bank7.05% p.a. to 9.30% p.a.0.50%
Punjab and Sind Bank6.85%Full Waiver
IDFC First Bank6.50%Rs. 5,000 – Rs. 5,000
Bank of Maharashtra6.80%Rs. 10,000
Indian Overseas Bank7.05%0.50% (Max Rs. 20,000)
Punjab National Bank6.50%0.35% (Max Rs. 15,000)
United Bank of India8.00%0.59% (Rs. 1,180 – Rs. 11,800)
UCO Bank6.50%0.15% (Rs. 1,500 – Rs. 15,000)
DBS Bank7.30%0.25% (Rs. 10,000)
IDBI Bank6.75%0.50% (Rs. 2,500 – Rs.5,000)
HSBC Bank6.45%1% (Rs. 10,000)
Karur Vysya Bank7.20%Rs. 5,000
Saraswat Bank Home Loan6.70%Nil
Jammu and Kashmir Bank7.20%Rs. 500 – Rs. 10,000
South Indian Bank7.85%0.50% (Rs. 5,000 – Rs. 10,000)
PNB Housing Finance6.99%Up to 0.50%
Federal Bank7.65%Rs. 3,000 – Rs. 7,500
Standard Chartered Bank7.99%1%
Aavas Financiers8.00%1.00%
Karnataka Bank7.50%Rs. 250
Sundaram Home Finance6.95%Rs.3,000 (for salaried)
Dhanlaxmi Bank7.85%Rs. 10,000
Tata Capital6.90%0.50%
Tamilnad Mercantile Bank8.25%Rs. 15,000
IIFL10.50%1.25%
DHFL Housing Finance8.75%Rs. 2500
Bandhan Bank6.40% -13.50%1% (Rs.5,000)
Yes Bank8.95%1% (Rs. 10,000)
Hudco Home Loan9.45%NA
Indiabulls7.60%0.50% onwards
Aditya Birla9.00%1%
GIC Housing Finance7.45%Rs. 2,500
Reliance Home Finance9.75%Rs. 3,000 – Rs. 6,500
Shriram Housing8.90%NA
India Shelter Finance12.00%2.00%

Although interest rates given by banks might change at any time, the State Bank of India now provides a lower home loan interest rate of 6.65 percent p.a. to its borrowers. It should be noted, however, that this rate applies solely to house loans for women borrowers. 

Because house mortgage rates are at a 15-year low, practically all institutions are giving their lowest interest rates on housing loans as compared to their preceding financial season. To discover the perfect house loan rates, investigate rates from several banks before zeroing down on one.

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