InvestorQ : What is intrest charged on home loan.
Akhilesh Upadhyay made post

What is intrest charged on home loan.

Answer
user profile image
tanvi Patel answered.
1 year ago


Home loan are the favorite products offered by the banks as people are continuously try to buy home. Interest rate charged on home loans by any banks is the least when compared to their interest rate charged on other loan, like personal loan, commercial loan, etc.


Interest rate of every bank differs from each other however, interest rate charged by banks  for home in current scenario range between 8.75% to 10.25%. Below are the  interest rates charged by different banks and Financial Institutions (FIs): 


Bank

Home Loan Rate

Processing Fee

SBI Home Loan

8.75%

0.50% 

Min Rs. 10,000 - Max Rs. 10,000

HDFC Home Loan

8.90%

0.50% 

Min Rs. 3,000 - Max Rs. 10,000

ICICI Bank Home Loan

9.10%

0.50% 

Min Rs. 5,000 - Max Rs. 5,000

Axis Bank

8.85%

0.50% 

Min Rs. 1,000 - Max Rs. 25,000

PNB Housing Finance

9.10%

1.00% 

Min Rs. 10,000 - Max Rs. 10,000

Bank of Baroda

8.75%

0.50% 

Min Rs. 7,500 - Max Rs. 20,000

LIC Housing Finance

8.70%

0.50% 

Indiabulls

8.80%

Min Rs. 1,000 - Max Rs. 5,000

Citibank

8.75%

Nil

DBS Bank

9.65%

Max Rs. 10,000

DHFL

8.70%

0.50% 

Min Rs. 2,500 - Max Rs. 20,000

Kotak Bank

8.95%

Max Rs. 10,000

Bank of India

8.85%

0.25% 

Min Rs. 1,000 - Max Rs. 20,000

Vijaya Bank

8.75%

0.50% 

Min Rs. 1,000 - Max Rs. 20,000

Allahabad Bank

8.80%

0.40% 

Max Rs. 50,000

UCO Bank

8.70%

0.50% 

Min Rs. 1,500 - Max Rs. 15,000

Reliance Capital

10.00%

1.00% 

Min Rs. 3,000 - Max Rs. 6,500

OBC

8.75%

0.50% 

Max Rs. 20,000

Jammu And Kashmir Bank

8.85%

0.25% 

Min Rs. 500 - Max Rs. 10,000

IDBI Bank

8.65%

0.50% 

Min Rs. 2,500

Federal Bank

8.75%

0.50% 

Min Rs. 3,000 - Max Rs. 7,500

Dhan Laxmi Bank

9.90%

1.00% 

Min Rs. 10,000

Tata Capital

9.05%

0.50% 

Canara Bank

8.75%

0.50% 

Min Rs. 1,500 - Max Rs. 10,000

IDFC Bank

9.25%

Min Rs. 5,000 - Max Rs. 5,000

United Bank of India

8.65%

0.59% 

Min Rs. 1,180 - Max Rs. 11,800

Syndicate Bank

8.75%

0.13% 

Min Rs. 500 - Max Rs. 5,000

RBL Bank

10.45%

Min Rs. 5,000 - Max Rs. 15,000

Karur Vysya Bank

9.65%

Min Rs. 5,000

Indian Overseas Bank

8.70%

0.53% 

Min Rs. 8,900 - Max Rs. 13,350

HSBC Bank

8.75%

1.00% 

Max Rs. 10,000

Edelweiss

10.50%

0.25% 

DCB Bank

10.24%

2.00% 

Min Rs. 5,000

Corporation Bank

9.05%

0.50% 

Min Rs. 1,000 - Max Rs. 50,000

Yes Bank

9.35%

0.75% 

Max Rs. 10,000

Bank of Maharashtra

8.75%

0.50% 

LT Housing Finance

9.90%

2.00% 

Min Rs. 4,999

Andhra Bank

8.80%

0.50% 

Max Rs. 10,000

IIFL

9.50%

1.00% 

Max Rs. 10,000

Standard Chartered Bank

9.25%

1.00% 

Min Rs. 5,000 - Max Rs. 10,000

South Indian Bank

9.45%

1.00% 

Max Rs. 10,000

PNB

8.65%

0.50% 

Min Rs. 20,000 - Max Rs. 50,000

Punjab and Sind Bank

8.85%

0.25% 

Min Rs. 1,000 - Max Rs. 15,000

Lakshmi Vilas Bank

9.90%

0.40% 

Min Rs. 10,000 - Max Rs. 20,000

Karnataka Bank

8.70%

0.25% 

Min Rs. 250

Indian Bank

8.60%

0.23% 

Max Rs. 20,381

GIC Housing Finance

10.25%

Min Rs. 2,500

Dena Bank

8.75%

0.50% 

Central Bank of India

8.60%

0.50% 

Max Rs. 20,000

United Bank of India

8.65%

0.59% 

Min Rs. 1,180 - Max Rs. 11,800


Source: www.myloancare.in