In this article you will find the interest rates provided by major banks in India on the home loans provided by them.

These interest rates are as on last updated by the respective websites.

Given below are the interest rates offered by banks on their home loans:-

Bank Name

Up to Rs. 30 lakhs

Above Rs. 30 lakhs
SalariedSelf EmployedSalaried

Self Employed

WomenOthersWomenOthersWomenOthersWomenOthers
HDFC Bank8.70%8.75%8.75%8.80%8.80%8.85%8.85%8.90%
ICICI Bank8.70%8.75%8.75%8.80%8.80%8.85%8.85%8.90%
Axis Bank8.50%8.50%8.55%8.55%8.65%8.65%8.70%8.70%
State Bank of India8.45%8.50%8.60%8.65%8.60%8.65%8.75%8.80%
Canara Bank8.65%8.70%8.65%8.70%8.75%8.80%8.75%8.80%
IDBI Bank8.55%8.60%8.60%8.65%8.75%8.80%8.80%8.85%
Bank of India8.70%8.75%8.70%8.75%8.70%8.75%8.70%8.75%
Oriental Bank of Commerce8.70%8.70%8.70%8.70%8.75%8.75%8.75%8.75%
Citibank9.30% to 9.80%9.40% to 10.05%9.30% to 9.80%9.40% to 10.05%
Bank Name

Up to Rs. 30 lakhs

Above Rs. 30 lakhs
SalariedSelf EmployedSalaried

Self Employed

WomenOthersWomenOthersWomenOthersWomenOthers
Bank of Maharashtra

8.75%

8.90%

Union Bank of India

8.65%

8.70%

RBL

10.30%

11.65%

Bank of Baroda

9.50%

10.25%

Indian Overseas Bank

8.50%

8.70%

Yes Bank

9.35% to 10.50%

Punjab National Bank

8.99% to 11.50%

DBS Bank

9.45% to 9.6%

Bandhan Bank

12.41% to 14.09%

Federal Bank

8.95% to 9.20%

NA

Note:-

  • The above details are as specified by the banks on their website.
  • Some banks have only mentioned a range of the interest rate offered by them. For a more detailed specification will have to contact the bank.
  • The above way of presentation of interest rates is not common to all the banks. It has been standardized for a neat presentation of interest rates. Some banks may have presented the information differently.

Summary:-

  • State Bank of India offers the lowest interest rates on home loans.
  • Axis bank, Canara bank and IDBI bank also offer lower interest rates on home loans provided by them.

The above list of interest rates on home loans of major banks can help you decide which bank to choose. You can choose the bank which provides lowest interest rates and also which you think has good reputation, great service and easy accessibility.

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