Home Loan Interest Rates

Home loan makes the dream of having your own home come true. Here you can borrow a lump sum amount against 70%—80% of your property value and repay the amount in easy EMIs in the given tenure of the loan.
 

Home Loan Interest Rates Summary 

The home loan interest rate varies from one lender to the other. It depends on your property’s location, amount being borrowed, existing EMIs and your monthly salary. The normal range of Home loan interest rates are from 8.35% to 12.75%. Many banks offer concession to women.
 

Home Loan Interest Rate Details
Interest Rate Starting from 8.35% to 12%
Processing Fees Upto 1% of loan amt
Loan Tenure 1 Year to 30 Years
Partial pre-payment Charges Varies with bank
Pre-closure Chargest NIL in Maximum Banks

Check and Compare Home Loan Interest Rates of All Leading Banks in India

Home Loan Provider Home Loan Interest Rates Per Lac EMI  Home Loan Processing Fees Prepayment Charges
YES BANK 9.35% onwards 864 0.5% of loan amt. or Rs.10,000 whichever is higher (+GST) NIL for floating rate loans
SBI 8.35% onwards 858 Rs. 0 – 10,000 NIL
HDFC Bank 8.35% onwards 858 Up to 0.5% of loan amt NIL
ICICI Bank 8.35% onwards 858 0.5% – 1.00% of loan amt. NIL
IDFC Bank 8.55% onwards 870 Rs 10000 NIL
IndiaBulls 8.35% onwards 858 Up to 1% of loan amt NIL
LIC Housing Finance 8.35% onwards 858 For up to 1 Cr – Rs 5000 , Above 1 Cr Rs 10,000 NIL
PNB Housing Finance 8.60% onwards 874 Up to 1% of loan amt NIL
DHFL 8.70% onwards 880 Up to 1% of loan amt NIL
Axis Bank 8.35% onwards 858 Up to 1% of loan amt NIL
IDBI Bank 9.30% onwards 858 0.5% of loan amount NIL
Tata Capital 8.70% onwards 880 0.2% of loan amt. NIL
Punjab National Bank 8.90% onwards 893 Nil NIL
Bank of India 8.65% onwards 877 Min. 1000 and Max. Rs. 20,000 NIL
Syndicate Bank 8.75% onwards 883 Min. 500 to Max. 5,000 NIL
Canara Bank 9.10% onwards 906 Varies based on applicant profile NIL
United Bank of India 9.10% onwards 906 Varies based on applicant profile NIL
IIFL 8.85% onwards 890 0.75% of the loan amount (minimum Rs. 5,000) NIL


Home Loan Interest Rate Calculator
 

For getting the appropriate approximation of the interest rate that would be offered on your loan, you should use the home loan interest rate calculator. In addition to your existing loan EMIs, salary and loan amount, interest rate is also calculated on the basis of your CIBIL score. 

 

SBI Home Loan Interest Rate

The State Bank of India gives quick approval for home loan with concession in rates for women customer.
 

Borrowers' category Home Loan interest rate, irrespective of loan limit EMI per Lac for 30 year Tenor Maxgain above Rs. 1 crore CRE Maxgain, irrespective of loan limit
Women 20 bps above the BR i.e. 9.50% p.a. Rs. 841 45 bps above the BR i.e. 9.75% p.a. 65 bps above the BR i.e. 9.95% p.a.
Others 25 bps above the BR i.e. 9.55% p.a. Rs. 845 50 bps above the BR i.e. 9.80% p.a. 70 bps above the BR i.e. 10% p.a.
  • The woman should be the sole applicant or first co-applicant of Home Loan and also
  • The property proposed to be financed should be either in the sole name of the woman borrower or she should be the first owner in case of joint ownership


HDFC Bank Home Loan Interest Rate

HDFC home loan can be availed when purchasing a flat, row house, bungalow from private developers in approved projects or properties from development authorities such as DDA, MHADA etc.


Adjustable Rate Loan – Festive Offer


RPLR: 16.30%
 

Loan Slab Interest Rates (% p.a.) RPLR Minus Spread
For Women* (Any Loan Amount) 9.50 to 10.00 RPLR – (6.80 to 6.30)
Any Loan Amount 9.55 to 10.05 RPLR – (6.75 to 6.25)


TruFixed Plus Loan – 2 & 3 Year Fixed Rate Variant – Festive Offer
 

RPLR: 16.30%
 

Loan Slab Interest Rates During The 2 & 3 Year Fixed Rate Term (% p.a.) Post The Fixed Rate Term The Applicable Interest Rates Shall Be The Prevailing Rate Of Interest Under Adjustable Rate
For Women* (Any Loan Amount) 9.50 to 10.00 RPLR – (6.80 to 6.30)
Any Loan Amount 9.55 to 10.05 RPLR – (6.75 to 6.25)

TruFixed Plus Loan – 10 Year Fixed Rate Variant – Festive Offer


RPLR: 16.30%
 

Loan Slab Interest Rates During The 10 Year Fixed Rate Term(% p.a.) Post The Fixed Rate Term The Applicable Interest Rates Shall Be The Prevailing Rate Of Interest Under Adjustable Rate
For Women* (Any Loan Amount) 9.70 to 10.20 RPLR – (6.60 to 6.10)
Any Loan Amount 9.75 to 10.25 RPLR – (6.55 to 6.05)

Axis Bank Home Loan Interest Rate

Type of Loan Base Rate + Markup Effective ROI (floating)
Loan Against Self-Occupied Residential Property (Standard Product) Base Rate + 2.25% 11.75%
Loan Against Property -Residential (other than Self-occupied) & Commercial(Standard Product) Base Rate + 3.25% 12.75%
Purchase Of Commercial Property (Standard Product) Base Rate + 3.25% 12.75%
Reverse Mortgage Loan Base Rate + 3.25% 12.75%
Lease Rental Discounting Base Rate + 3.25% 12.75%
Overdraft Facility Against Property Base Rate + 4.00% 13.50%

** Base Rate – 9.50%


IDBI Home Loan Interest Rate

Base Rate (BR)

9.75%p.a.

Home loans

Facility /Interest Type

For all loan amounts

Home Loan (Floating)

9.75% (BR+0.00%)

Home Loan Interest Saver (Floating)

9.90% (BR+0.15%)

Home Loan (Fixed ) for 3 to 10 years

Below Rs. 30 lac

Rs.30 lac & above

 

10.25% (BR+0.50%)

10.50% (BR+0.75%)

 

YES BANK Home Loan Interest Rate

Loan Category Rate of Interest Prepayment/Part Payment Charges Home Loan Processing Fees Switch charges (Fixed to prevailing floating rate) Switch charges (Floating to prevailing fixed rate)
Home Loans for All 9.35% – 10.50% NIL for floating rate loans 0.5% of the loan amount or Rs.10,000 whichever is higher (+GST) 1% of the loan amount outstanding 0.5% of the loan amount outstanding
2.5% on the principal outstanding for fixed rate loans.
YES BANK KHUSHI for Affordable Housing 10.25% -13.50% NIL for floating rate loans. 1% of the loan amount or Rs.10,000 whichever is higher (+GST) 1% of the loan amount outstanding 0.5% of the loan amount outstanding
2.5% on the principal outstanding for fixed rate loans

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