home loan interest rate in india

Home Loan Interest Rate in India 

Home loans can be provided for the purchase of a house/flat, construct a house, renovate/repair an existing house, or purchase a plot for the construction of a house/flats.

These are provided by public and private sector banks as well as housing finance companies as listed on National Housing Bank's website Banks and HFCs (housing financial companies) based on interest rate in India. There are two types of home loan interest rates charged by most of the banks, Fixed interest rates and Floating Interest Rate. In   comparison the lowest home loan interest rate starts from 6.65% p.a. and applying for the best home loans. 

Home Loan Interest Rate of all Banks 2022 

There are some banks from India with their interest rates on home loans that are given below: 

Banks   Starting Interest Rate (p.a.)   Processing Fees  

Kotak Mahindra Bank  7.50% p.a. onwards   0.50%  

Citibank   6.65% p.a. onwards   Rs. 10,000  

Union Bank of India  7.40% p.a. onwards   -  

Bank of Baroda   7.45% p.a. onwards   Contact the bank for information  

Central Bank of India   7.40% p.a. onwards   Rs. 20,000  

Bank of India   6.90%   -  

State Bank of India   7.55% p.a. onwards   0.35% onwards  

HDFC LTD   7.55%*   0.5% or Rs.3,000 whichever is higher  

LIC Housing Finance   7.55% p.a. onwards   Rs. 10,000 -Rs. 15,000  

Axis Bank   7.60% p.a. onwards   Rs. 10,000  

Canara Bank   7.05% p.a. to 9.30% p.a.   0.50% of the loan amount subject to a minimum of Rs. 1,500, and a maximum of Rs. 10,000  

Punjab and Sind Bank   7.40% p.a. onwards   Full Waiver  

IDFC First Bank   7.50% p.a. onwards   Rs. 5,000 - Rs. 5,000