Home Loan: Home loan can be used to purchase a house or apartment, purchase land for a house or to renovate, extend or maintain an existing house. It provides financial assistance at a low interest rate for a long period
Home Loan: Home loans can be used to buy a house or apartment, to buy land for a house or to renovate, extend or maintain an existing house. It provides financial assistance at a low interest rate for a long period. Home loans are paid through EMIs. The bank gives up its right on the property when the loan is fully repaid. Below are the home loan interest rates of public and private sector banks for amounts above Rs 75 lakh. These interest rates are for home loans above Rs 75 lakh. The interest rate is determined based on the credit profile, loan period and bank parameters.
Public Sector Banks
- State Bank of India: 8.50% – 9.85%
- Bank of Baroda: 8.40% – 10.90%
- Union Bank of India: 8.35% – 10.90%
- Punjab National Bank: 8.40% – 10.15%
- Bank of India: 8.40% – 10.85%
- Canara Bank: 8.40% – 11.15%
- UCO Bank: 8.45% – 10.30%
- Bank of Maharashtra: 8.35% – 11.15%
- Punjab & Sind Bank: 8.50% – 10.00%
- Indian Overseas Bank: 8.40% – 10.60%
- Central Bank of India: 8.45% – 9.80%
Private Sector Banks
- Kotak Mahindra Bank: Starting at 8.70%
- ICICI Bank: Starting from 8.75%
- Axis Bank: 8.75% – 9.65%
- HSBC Bank: Starting from 8.50%
- South Indian Bank: 8.70% – 11.70%
- Karur Vysya Bank: 9.00% – 11.05%
- Karnataka Bank: 8.50% – 10.62%
- Federal Bank: Starting from 8.80%
- Dhanlaxmi Bank: 9.35% – 10.50%
- Tamilnad Mercantile Bank: 8.60% – 9.95%
- Bandhan Bank: 9.16% – 13.33%
- RBL Bank: Starting from 8.90%
- CSB Bank: 10.49% – 12.34%
- HDFC Bank Limited: Starting at 8.75%
- City Union Bank: 8.75% – 10.50%
