Home Loan: Interest Rates: Overview
Interest rates charged on different loans vary across various banks. There are several kinds of interest rates, some of which may not be available in the market currently. Most commonly offered rates are
- Fixed interest rate with reset clause
- Floating interest rate
- Mixed interest rate home loan
Some other interest rates are not available in the market.
- 'Pure' fixed interest rate
- 'Transparent' floating interest rate loan
Tools and Calculators
Home Loan Comparator
Use the home loan comparator to compare various home loan lenders as per your specifications.
Home Loan Eligibility Calculator
If you are salaried, this calculator will tell you the amount of home loan you are likely to get.
Floating or Fixed Interest Rate Calculator
Use this calculator to find out whether you should opt for a fixed or floating interest rate on your home loan.
Use the home loan comparator to compare various home loan lenders as per your specifications.
Home Loan Eligibility Calculator
If you are salaried, this calculator will tell you the amount of home loan you are likely to get.
Floating or Fixed Interest Rate Calculator
Use this calculator to find out whether you should opt for a fixed or floating interest rate on your home loan.
Home loan interest rate (20 year loan) below 20 Lakhs as on Dec 4, 2008
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Banks | Floating | Current Benchmark Rate | Markup/Markdown to Benchmark rates | Fixed(For the entire tenure) | Fixed(With reset clause) | Reset clause after how many months | |
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Allahabad Bank | 10.5 | 13.25 | 2.75 | NA | 12.25 | 36 | |
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Andhra Bank | 11.0 | 13.25 | 2.25 | NA | NA | 0 | |
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Axis Bank | 11.0 | 15.75 | 4.75 | 14.0 | NA | 0 | |
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Bank of Baroda | 9.75 | 13.25 | 3.5 | NA | NA | 0 | |
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Bank of India | 9.25 | 13.25 | 4.0 | NA | NA | 0 | |
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Bank of Maharashtra | 10.25 | 13.25 | 3.0 | NA | NA | 0 | |
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Bank of Rajasthan | 12.5 | 16.0 | 3.5 | 13.5 | NA | 0 | |
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BHW Home Finance | 12.5 | 15.0 | 3.25 | NA | NA | 0 | |
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Canara Bank | 10.0 | 13.25 | 3.25 | NA | 12.0 | 0 | |
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Catholic Syrian Bank | NA | 15.75 | NA | 12.25 | NA | 0 | |
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Central Bank of India | 10.0 | 13.25 | 3.25 | NA | NA | 0 | |
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Dena Bank | 11.0 | 13.5 | 2.5 | NA | NA | 0 | |
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Deutsche Bank | 11.25 | NA | NA | 13.5 | NA | NA | |
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Federal Bank | 11.75-12.0 | 15.25 | 2.75 - 3.5 | NA | 13.75-14.0 | 24 | |
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HDFC | 11.75 | 15.0 | 4.0 | 14.0 | NA | 0 | |
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ICICI Bank | 12.0-12.25 | 16.25 | 4.75 - 5.0 | 14.75 | NA | 0 | |
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IDBI Bank | 10.75 | 13.5 | 2.75 | NA | NA | 0 | |
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IDBI Home Finance | 11.25-12.0 | NA | NA | NA | NA | NA | |
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Indian Bank | 10.0 | 13.25 | 3.25 | NA | NA | 0 | |
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Indian Overseas Bank | 10.75 | 13.25 | 2.5 | NA | NA | 0 | |
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Karnataka Bank | 11.75 | 14.5 | 2.75 - 1.75 | NA | NA | 0 | |
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LIC Housing Finance | 11.25-11.5 | 14.0 | 2.75 - 2.5 | NA | NA | 0 | |
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Moneyline Credit Ltd | 15.0 | NA | NA | NA | NA | NA | |
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Oriental Bank of Commerce | 10.25 | 14.0 | 2.5 - 3.5 | NA | 11.25 | 24 | |
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PNB Housing Finance Ltd | 12.0 | 12.5 | 0.5 | NA | 13.75 | 36 | |
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Punjab National Bank | 10.25 | 13.5 | 3.25 | NA | 11.75 | 60 | |
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Reliance Consumer Finance | 12.0-14.5 | NA | NA | NA | NA | NA | |
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SBI Bank | 10.25 | 13.0 | 2.75 | NA | NA | 0 | |
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State Bank of Mysore | 11.5 | 14.25 | 2.75 | NA | NA | 0 | |
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UCO Bank | 10.25-10.75 | 13.75 | 3.0 - 2.5 | 12.25-12.5 | NA | 0 | |
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Union Bank of India | 10.5 | 13.25 | 2.75 | NA | NA | 0 | |
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Vijaya Bank | 10.5 | 13.25 | 2.75 | NA | NA | 0 | |
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The home loan interest rates given above are indicative in nature. It is based on market research conducted by the Apnaloan Research Bureau every week. The actual rates at which an individual will be able to get a home loan depend on the individual's financial profile and negotiating ability.