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    Home Loan Interest Rates

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.45% Floating
    0.35% (max. ₹10,000)
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.45% - 10.25% Floating
    0.5% (min. ₹7500) One time fee
    2L - 3Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.65% - 11.25% Fixed/Floating
    5,000 to 0.25% One time fee
    5L - 5Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

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    Home Loan BYTES FROM OUR KITCHEN

    Home is the basic and the most expensive necessity that a man has to fulfil in his life. With an increase in prices and the reduction in purchasing power, a man cannot accumulate huge funds at a time. So, in order to fulfil its basic necessity, a man has to go for a home loan. As the repayment of home loan comprises of a large portion of interest rates, here we’ll quickly follow up the Home loan interest rates offered by major banks in Home loan segment. Take a quick look below:


    Bank Name Home loan interest rates Processing Fee

    Aditya Birla Housing Finance Home loan
    9.60% ₹5,000

    Andhra Bank Home loan
    9.75% to 10.00% ₹0

    Aspire Home Finance Corporation Limited
    14.00% 2%

    Au Housing Finance
    12.50% to 19.00% 2%

    Axis Bank Home loan
    9.60% to 11.75% ₹10,000+S.T.

    DBS Bank
    9.50% ₹0

    Dena Bank
    9.70% to 9.95% 0.5%

    Federal Bank
    9.59% to 9.84% 0.5% (min. ₹7,500)

    Gruh Finance Limited
    11.12% 1%

    HDFC LTD Bank Home loan
    9.55% to 9.60% 0% to 0.5% (max. ₹10,000)

    ICICI Bank Home loan
    9.45% to 9.70% 0.5% (min. ₹10,000)

    Indiabulls Home loan
    9.45% to 10.25% 0.5% (min. ₹7500)

    India Shelter Finance Home loan
    11.75% 2% to 3%

    Kotak Mahindra Bank
    9.55% to 9.65% 0.25% (max. ₹10,000)

    PNB Housing Finance Limited Home loan
    9.65% to 11.25% ₹5,000 to 0.25%

    State Bank of Bikaner and Jaipur Home loan
    9.70% 0.5% (max. ₹10,000)

    SBI Home loan
    9.45% 0.35% (max. ₹10,000)

    Tata Capital Home loan
    9.45% to 9.55% ₹5,000 to ₹10,000

    Therefore, these are the Home loan interest rates offered by different banks to its customers. The normal range of Home loan interest rates are from 10.10% to 12.75%. In this race, Government banks along with some private numbers and financial institutions are running in a front panel by offering lowest interest rates on home loans @ 10.10%. The front runners are SBI, ICICI, Standard chartered bank and LIC. SBI and ICICI bank has given a privilege to its women borrowers by providing them a home loan interest rate at 10.10% which is 0.05% lesser than the home loan interest rate provided to the male borrowers. So, women are going to be benefited with this revolution in home loan interest rate and this will encourage women to put a hand for buying her own house.

    BankBazaar facilitates you to compare the home loan interest rates offered by different banks and then to take the most important decision of your life. After comparing the interest rates offered by different banks, you can also calculate your EMI based upon that by just entering few particulars in the EMI calculator provided by the BankBazaar. This calculation will help you decide the loan amount that you can easily pay off and the loan tenure in which you can easily pay off the debt without compromising on your other needy expenses.


    Before going for a home loan, you must be careful enough to see the nature of its interest rates. There are two types of interest rates i.e. fixed interest rates and floating interest rates. You have to carefully choose between the two. Fixed home loan interest rates will remain fixed all over the tenure and floating home loan interest rate will keep on changing with the change in the base rate. But, the floating home loan interest rates are cheaper than the fixed home loan interest rates on the first front.


    So, check and compare your home loan interest rates at BankBazaar and get your dream home at just few simple steps.

    News About Home Loan Interest Rates

    • Repo cut by 25 bps, resulting in the lowest point seen in the last five years

      On Tuesday, the Reserve Bank of India (RBI) cut its policy interest rate to 6.50 %, which is the lowest it has been in the last five years. The prospect of it being cut further this year is also at large, as long as the trend of inflation stays.

      This cut of 25 bps on Tuesday did not meet the market expectations of 50 bps cut. The reason behind this market expectation was the fact that the government stuck to the fiscal consolidation path in the Budget. Also there was reduced rates on small savings schemes.

      26th April 2016

    • Home buyers can rejoice: RBI cut rates by 25 bps

      RBI has yet again cut the repo rate. On Tuesday the cut of 25 bps was made. This means that banks will have to reduce the interest rates that they charge borrowers. If this happen, borrowers can benefit from the reduced interest rate. When and how much change will happen is yet to be seen.

      The repo rate cut of 0.25 per cent and the reduction in small savings rate means that banks will be under pressure to reduce lending rates. However, borrowers should ideally wait a while before these changes take effect. If the bank that one has already taken a loan does not cut rates, it’s possible to get it refinanced from a bank which has the changes in effect.

      18th April 2016

    • RBI Repo Rate Cut – A Relief to Homebuyers

      In a welcome move by the Reserve Bank of India, the institution announced the 25 basis points drop in repo rates to 6.50 percent in the first bi-monthly policy. There is a possibility of further easing of policy rates resulting in a renewed interest in the real estate sector. This decision is expected to bring some relief to the homebuyers as the drop in repo rates will in turn reduce the home loan interest rates.

      In order to encourage prospective homebuyers, the banks will have to extend the same benefit, enabling them to book themselves their dream house. Passing on the benefits to the buyers would mean a reduction in the EMIs (Equated Monthly Installments) as interest rate is directly linked to it. This is sure to accelerate the demand for housing and purchase of new properties.

      7th April 2016

    • According to Keki Mistry, home loan rebate may be hiked in the Budget 2016

      Chief Executive Officer and Vice Chairman of HDFC, Keki Mistry says it is crucial that tax exemptions on home loans should be increased. According to him, even a small hike will encourage home-buyers. This is mainly because house prices have shot up while exemptions have not changed on par. Thus, even a little increase of around Rs. 50000 will boost up the morale of home buyers. Although Mr. Mistry expects changes in the income tax norms, changes in tax rates and tax slabs may or may not come around.

      6th April 2016

    • Zero interest Home Loan Scheme Introduced by Investors Clinic

      Home loan buyers have a great reason to rejoice! Investors Clinic, one of India’s trusted property consultants have launched the ‘Byaaj Mukt Awas Yojana’, an exciting new scheme introduced for home buyers which eliminates the interest component from home loans. This essentially means that home loan takers will not be required to pay any interest on their home loan principal amount. To provide this scheme, Investors Clinic has partnered with IndiaBulls, one of India’s most trusted Non-banking Finance Company, and several other well-known builders like Supertech, Jaypee Group, ABA Corp, Lotus Greens and more to facilitate the sale of over 7,000 housing units.

      Honey Katiyal, CEO of Investors Clinic Infratech Ltd., said that buyers will only have to repay the principal loan amount in 100 equated monthly installments, other wise to be known as Equal Principal Repayment. On being asked whether or not the cost of interest is compensated for in the total cost of the flat, the company has assured buyers that the interest amount is being adjusted and shared between the developers and IndiaBulls itself. Also, strict penalty clauses for the developers have been are included in the agreement if there is a delay in possession of the housing units i.e. house and flats which are located across several areas in Faridabad, Ghaziabad, Noida, etc.

      4th April 2016

    • HDFC Not to Offer Interest-Only Home Loans

      HDFC has announced that it will not offer State Bank of India-style ‘interest-only’ mortgages. However, the housing finance company allows ‘step-up’ repayment products, under which borrowers can pay lower EMIs in the initial years and later increase the instalment amounts.

      HDFC will also not reduce interest rates until after the budget, despite the Reserve Bank of India keeping its repo rates unchanged. Keki Mistry, VC and MD of HDFC, told the Times of India that if the budget was in line with expectations, the interest rates could go down by around 25-50 basis points.

      The SBI’s new interest-only home loan allows borrowers to avail larger loans by making smaller repayments in the first few years.

      14th March 2016

    • Property Developers Call for Lower Housing Loan Interest Rates

      CREDAI expressed its disappointment with the unchanged key rate policy for housing loans. The property developer body is of the opinion that the rates should be set below 9% so as to increase demand.

      The RBI chose to keep key rates unchanged on the back of concerns regarding growth and inflation, speaking of an easing of the fiscal policy on budget proposals by the government.

      The news was met with disappointment within the industry, who were hoping for a 25 point cut to boost the flagging market.

      The real estate sector is pinning its hopes on rate cuts and sops being announced in the forthcoming budget.

      Big players such as Mahindra have also expressed their disappointment, stating that a cut in repo rates would have lowered rates, thereby encouraging buyers to invest in properties and drive growth in the market.

      01st March 2016

    • RBI to Introduce Options for Interest Rates

      RBI is planning to introduce vanilla rates of interest options, in a move that would make it easier for lenders to control asset-liability discrepancies.

      The central bank had earlier introduced home loan rate swaps, which would allow an investor to swap from a fixed loan liability to that of a floating rate. This would be squared off by the parties entering into opposite transactions, with the payments being made during the contract period.

      Options would require just one payment when the contract begins, and is easy to cancel. The options would be simple at the outset, with caps, collar and swaptions to be allowed. These could be used in trading during an exchange or Over the Counter (OTC) market.

      The OTC segment would only have European structures initially, in which options can be exercised on the contract’s expiry date. American options, where they can be exercised at any time, would be introduced gradually.

      A list would be released by the Fixed Income Money Markets and Derivatives Association, which would serve as a benchmark debt market rates.

      The minimum figure is pegged at Rs. 2 lakh. And no documentation would be required up to Rs. 5 crore.

      16th February 2016

    • RBI’s Home Loan repo rate cut Savior to Hyderabad Builders

      The dip in the interest rates on housing loans has offered a fresh spell of life to the fraught real estate dealers and constructors in the IT hub, Hyderabad. With the AP capital city’s housing sector being in stagnation phase for the last five years, the latest interest rate reduction is accepted with great enthusiasm. The relief was evident in Mr. K Goapala Krishna’s words, the director of Gowda Hallmark Townships and financial officer of Telangana Real Estate Developers Association (TREDA). Expecting this move to create a positive influence on prospective house/ apartment owners, the likes of SBI, Axis Bank, HDFC, and ICICI were quick to slash their rates as well. The effect of the interest rate cut has become plain at the lately-held TREDA Property Exhibition, where booths of housing financiers and banks gotten queries in bulk from potential purchasers.

      28th October 2015

    • RBI step on LTV proportion to reduce home loan rates even more

      The RBI's step to bring down mortgage-to-value ratios and risk assessments for home loans can lower rates by yet another 25-30 bps over the coming months as per a reliable report. This can actually succeed in lowering risk assessment criteria on house loans of certain kinds (less than INR 75 lacs), where loan users are prepared to pay more cash in EMIs and consequently decrease the loan-to-value (LTV) ratio. Last week, the concerned banking official informed that for individual home loans of up to INR 30 lacs, the LTV ratio can be up to 90 percent compared to the previous INR 20 lacs. For assets worth between INR 30 lacs and INR 75 lacs, it is up to 80 percent and for loans more than INR 75 lacs, LTV ratio will be 75 percent.

      21st October 2015

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