What are the different fixed and variable interest rates on home loans today? Let’s take a comprehensive look at interest rates from banks and home finance lenders.
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| institution | loan amount | ||
| Under Rs. 30 lakhs |
Rs. 30 to 75 lakhs |
Rs. 75 lakh plus | |
| BANKS (variable interest rates) | |||
| axis bench | 7.60-8.05 | 7.60-8.05 | 7.60-8.05 |
| Bank of Baroda | 7.45-8.90 | 7.45-8.90 | 7.45-8.90 |
| Bank of India | 7.40-9.25 | 7.40-9.25 | 7.40-9.25 |
| Bank of Maharashtra | 7.30-8.85 | 7.30-9.20 | 7.30-9.20 |
| Canara bench | 7.05-9.30 | 7.05-9.30 | 7.05-9.30 |
| central bank | 7.75-8.20 | 7.75-8.20 | 7.75-8.20 |
| DBS bank | |||
| Federal Bank | 8.55-8.60 | 8.55-8.65 | 8.60-8.70 |
| ICICI bank | 7.60-8.20 | 7.60-8.35 | 7.60-8.45 |
| Indian bank | 7.40-7.90 | 7.40-7.90 | 7.40-7.90 |
| IOB | 7.05 | 7.05-7.15 | 7.15-7.3 |
| IDBI bank | 7.50-10.65 | 7.50-10.65 | 7.50-10.65 |
| J&K Bank | 7.85-7.95 | 7.85-7.95 | 7.85-8.25 |
| Karnataka Bank | 7.89-9.14 | 7.89-9.14 | 7:89-9:24 |
| Karur Vysya Bank | 7.15-9.35 | 7.15-9.35 | 7.15-9.35 |
| Kotak Mahindra Bank | 7.5-8.1 | 7.5-8.1 | 7.5-8.1 |
| Punjab National Bank | 7.45-8.70 | 7.40-8.70 | 7.40-8.35 |
| Punjab & Sind Bank | 7.40-8.50 | 7.40-8.50 | 7.40-8.50 |
| State Bank of India | 7.55 – 8.15 | 7.55 – 8.15 | 7.55 – 8.05 |
| South Indian Bank | 8.25-11 | 8.25-11 | 8.25-11 |
| Tamilnad Mercantile Bank | 7.95 | 7.95 | 7.95 |
| UCO bench | 7.40-7.60 | 7.40-7.60 | 7.40-7.60 |
| Union Bank of India | 7.40-8.90 | 7.40-9.10 | 7.40-9.10 |
| BANKS (Fixed Interest) | |||
| axis bench | 12 | 12 | 12 |
| IDBI bank | 9.85-10.10 | 9.85-10.10 | 9.85-10.10 |
| Union Bank of India | 11.4 | 11.4-12.4 | 12.4-12.65 |
| HOUSING FINANCE COMPANIES (variable interest rates) | |||
| Variable interest rates: | |||
| Tata Capital | >=7.75 | >=7.75 | >=7.75 |
| PNB housing | 7.50 – 10.45 | 7.50 – 10.70 | 7.60-10.70 |
| Central Bank Housing | 9.95-11.15 | 9.95-11.15 | 9.95-11.15 |
| HDFC Ltd | 7.55-8.30 | 7.55-8.55 | 7.55-8.65 |
| Indiabull’s Housing Fin | >=7.6 | >=7.6 | >=7.6 |
| Aditya Birla Housing Fin | 8-12.5 | 8-12.5 | 8-12.5 |
| Bajaj Finserv | 7.20-14.00 | 7.20-14.00 | 7.20-14.00 |
| GIC Housingl Finance Ltd | >=8.20 | >=8.20 | >=8.20 |
| Reliance Home Finance | 9.75-13 | 9.75-13 | 9.75-11 |
| Sundaram Home Finance Ltd | >=8.65 | >=8.65 | >=8.65 |
| Piramal Capital & Home Finance | >=10.5 | >=10.5 | >=10.5 |
| LIC Housing Financing GmbH | 7.50-8.35 | 7.50-8.55 | 7.50-8.75 |
| HOUSING FINANCING COMPANIES (fixed rates) | |||
| HDFC Ltd | N / A | N / A | N / A |
| LIC Housing Financing GmbH | 9.50-10.35 | 9.50-10.55 | 9.50-10.75 |
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Compiled by BankBazaar.com from each bank’s website as of the above date. Note that fixed interest rates can be changed after a certain term depending on the bank’s terms and conditions.
Some banks/FIs only allow fixed interest rates for a certain period of time and thereafter the prevailing variable interest rates apply. ^ Card Tariffs
