Home Loan Interest Rates
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Home Loan Interest Rates are the main factors to consider before availing the housing loan. When people secure the lowest Home Loan Interest Rates, it reduces the overall cost of housing loan and minimizes monthly payments. Home buyers should consider various factors, like interest rates, fees and terms, to procure the best home loan.
Home Loan Interest Rates - Updated
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Bank |
Home Loan Interest Rates |
Processing Fees |
Prepayment Charges |
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HDFC Ltd Home loan Interest Rates |
Variable Rates: Up to and including Rs 30 lacs: 10.50%, Over Rs. 30 lacs: 10.40% Fixed Rates: Up to and including Rs 10 lacs: 10.75, Rs.10 lacs to Rs.75 lacs: 11.00%, Over Rs.75 lacs: 11.25% |
0.5% of the loan amount applied plus applicable service taxes and cess. |
NIL |
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State Bank Of India Home loan Interest Rates |
Only Floating Rate: 10.25% p.a. to 10.75% |
Up to Rs. 25 Lacs: 0.125% of loan amount, minimum Rs. 1,000/- Above Rs. 25 Lacs and up to Rs. 75 Lacs: Rs. 3,250/- Above Rs. 75 Lacs: Rs. 5,000/- Takeover: Rs. 1,000/- per account, irrespective of the loan amount. |
NIL |
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ICICI Bank Home loan Interest Rates |
Floating Rate: 10.25% p.a. to 11.50% p.a. Fixed Rate: 10.25% to 10.75% |
0.5% of loan amount as Administrative Fee or Rs. 2,000, whichever is higher |
NIL |
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LIC Housing Finance Interest Rates |
Up to 30 Lacs: Scheme-I : 10.80%
From 75 lacs to 1.5 Crore: Scheme-I : 11.15% |
Up to 50 lacs : 10,000 +(Service tax) |
NIL |
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DHFL Home loan Interest Rates |
11.25% p.a. |
For Salaried individuals: It is 1% of the loan amount For Self – employed Professionals / Non Professionals: It is charged at 1.5% of the loan amount, plus Service Tax and Cess as applicable. |
NIL |
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Axis Bank Home Loan Interest Rates |
Floating Rate: 10.25% p.a. to 11% p.a. Fixed Rate: 11.75% |
Up to 1% of the loan amount |
Fixed rate: 2% of outstanding principal/amount prepaid Floating Rate: NIL |
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Punjab National Bank Home loan Interest Rates |
10.25% |
NIL |
NIL |
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Bank of Baroda Home loan Interest Rates |
Up to Rs. 30 Lacs: 10.50% to 11.00%, Above Rs. 30 Lacs and below Rs. 75 Lacs: 11.25% to 11.75%, 75 Lacs and above: 11.50% to 12.00% |
NIL |
NIL |
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IDBI Home loan Interest Rates |
Floating Rate: 10.50% to 11.00% Fixed Rate: 11.25% |
Up to .50%of loan amount |
If Balance Transfer then 2% Otherwise Nil |
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PNB Housing Finance |
10.25% p.a |
0.5% + 12.36% (Service Tax) |
NIL |
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11% p.a. to 11.75% p.a. |
Rs. 10000 + 12.36% (Service Tax) |
3% |
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Reliance Capital Home loan Interest Rates |
12.25% p.a. to 13.25% |
1% + 12.36% (Service Tax |
NIL
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Bank of India Home loan Interest Rates |
UPTO RS.30 LACS : 10.50%, OVER RS.30 LACS and BELOW RS.75 LACS: 10.60%, RS.75 LACS & ABOVE: 10.75% |
@0.25% of loan amount Min.Rs.1,000 and Max. Rs.20,000 |
NIL |
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Syndicate Bank Home loan Interest Rates |
Fixed Rate: Floating Rate: 10.50%to 12.75% |
Rs.700/- per lac or part thereof with a minimum of Rs.1000/- at present. (Processing charges are subject to change from time to time) |
NIL |
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First Blue Home loan Interest Rates |
10.25% p.a. to 11.50% p.a. |
Salaried: Up to 30 lacs :7304 30 – 75 lacs : 11800 75 lacs & above : 15,500 + service tax(12.36%) |
NIL |
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Indiabulls Home loan Interest Rates |
Risk Class-I: 10.25% to 11.50% Risk Class-II: 10.50 to 12.00% Risk Class –III: 13.00% |
Upto and including Rs 30 lacs: Risk Class-I: Rs 5000, Risk Class-II & III: 0.50% Rs 25.01 lacs to Rs 150 lacs: Risk Class-I: Rs 15000, Risk Class-II & III: 1.00% Over Rs 150 lacs: Risk Class-I: 0.50%, Risk Class-II & III: 1.00% |
NIL |
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Citibank Home loan Interest Rates |
10.5% p.a. to 12% p.a. |
0.25% (for salaried ), 0.50% ( for Self Employed) |
NIL |
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Central Bank of India Home loan Interest Rates |
Upto Rs.30 lakh and above Rs.30 lakh & < Rs.75 lakh: 10.25%, Rs.75 lakh & above: 10.50% |
NIL |
NIL |
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Oriental Bank of Commerce Home loan Interest Rates
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10.50% |
0.50% of the loan amount, subject to maximum of Rs. 20000/- plus service tax, if any |
NIL |
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Canara Bank Home loan Interest Rates |
Up to Rs.75 lakhs: 10.25% to 10.50%, above Rs.75 lakhs: 10.50% |
Nominal processing fee of 0.50% (Min Rs.500/- and Max. Rs.10,000/-) is charged. |
NIL |
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Corporation Bank Home loan Interest Rates
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Floating Rate: Upto Rs.50 lakh: 10.50%, Above Rs.50 lakh & upto Rs. 1 crore: 10.75%, Above Rs.1 crore: 11.00 Fixed Rate: Upto Rs.25 lakh: 13.35%, Above Rs.25 lakh: 13.85% |
0.50% of Loan amount (Maximum Rs.50,000/-) |
NIL |
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Allahabad Bank Home loan Interest Rates |
Above Rs. 30 Lac and up to Rs. 75 Lac: 10.45%, Above Rs. 75 Lac and up to Rs. 300 Lac: 10.70%, Above Rs. 300 Lac and up to Rs. 500 Lac: 10.95% |
0.50% of loan amount, Maximum Rs. 10,000/- |
NIL |
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Union Bank of India Home loan Interest Rates |
Floating Rate: Upto 75 Lakh: 10.50%, 75 to 500 Lakh: 10.75% Fixed Rate: Up to 30 Lakh: 12.25%, 30 Lakh to 50 Lakh: 13.25%, 50 Lakh to 200 Lakh: 13.50% |
Processing charges are 0.50% of the loan amount subject to maximum of Rs. 15,000. (Processing charges waived upto 31/03/2013) |
NIL |
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Indian Overseas Bank Home loan Interest Rates |
Up to Rs.30 lakh: 10.50%, Above Rs.30 lakh & up to Rs.75 lacs: 10.75, Above Rs.75 lacs: 10.75% to 11.25% |
A flat rate of 0.58% of the loan amount- maximum of Rs. 10,190/- There is no hidden charge.(Processing charges are subject to change from time to time) |
NIL |
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Bank of Maharastra Home loan Interest Rates |
10.50% |
Loan above Rs. 25 Lakh: 0.50% (Max. Rs. 50,000/-) |
NIL |
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ING Vysya Home loan Interest Rates |
10.50% p.a. to 12% p.a. |
0.5% of the loan amount |
NIL |
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UCO Bank Home loan Interest Rates |
12.25% p.a. to 12.75% p.a. |
NIL |
NIL |
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Kotak Bank Home loan Interest Rates |
10.75% |
0.25% to 0.5% + 12.36% (Service Tax) |
2% on Balance transfer otherwise NIL |
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United Bank of India Home loan Interest Rates |
Upto Rs. 25 lac: 10.70%, Above Rs. 25 lac & upto Rs. 75 lac: 10.75%, Above Rs. 75 lac & upto Rs. 150 lac: 11.00% |
Waived |
2% pre-payment charges is levied on outstanding balance under fixes interest rate. |
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Deutsche Bank Home loan Interest Rates |
10.5% p.a. to 11% p.a. |
Rs. 10000 + 12.36% (Service Tax) |
2.50% |
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Barclays Bank Home loan Interest Rates |
11% p.a. to 11.25% p.a. |
0.25% to 0.5% + 12.36% (Service Tax) |
NIL |
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Federal Bank Home loan Interest Rates |
10.50% |
0.50% |
NIL |
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Vijaya Bank Home loan Interest Rates |
11.50% p.a. to 12.55% |
NIL |
NIL |
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Development Credit Bank |
11.5% p.a. |
0.5% + 12.36% (Service Tax) |
2% |
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11.25% p.a. |
NIL |
2% |
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Tata capital Housing Finance ltd |
10.75% p.a. |
0.5% to 1% + 12.36% (Service Tax) |
NIL |
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12.25% p.a. to 12.75% p.a. |
Rs.3500 to Rs.5000 + 12.36% (Service Tax) |
2% |
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11.25% p.a. |
0.25% to 0.5% + 12.36% (Service Tax) |
2% |
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Dena Bank Home loan Interest Rates |
10.30% |
NIL |
NIL |
Tips for availing best home loan interest rates
Determine the loan type: Home Loan Interest Rates is the main consideration while comparing the various loans. Fixed and adjustable rates are the two various categories of interest rate. People have to consider the rate according to their requirements, but fixed rate is the best option to choose.
Credit Rating and Financially Stability: Various lending institutions assign the interest rate on the basis of the credit score of the consumers. Consumers who have a high credit rating score, will get the low housing loan interest rates. Find and compare interest rates through online tools of comparison, which permit borrowers to compare rates of different financial institutions.
Fees and Charges: Various lending institutions charge fees including settlement fees, appraisal fees, broker fees and loan processing fees. Compare fees of different lenders before availing the housing loan. Select the loan that provides the lowest Home Loan Interest Rates.
Types of Interest Rates:
- Fixed interest rates
- Floating interest rates
Fixed interest rates: Fixed interest rates mean a person can give the constant rate throughout the tenure period. It does not vary according to the market fluctuation.
Floating interest rates: Floating interest rate mean interest rates vary according to the market fluctuation. Person does not give same interest rate throughout the tenure period.
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Disclaimer:The data provided above is based on market research by www.dialabank.com. Customers are advised to re-confirm the rates with the respective institutions before taking any decision. www.dialabank.com will not be responsible for any changes wrt interest rates or other terms and conditions of the products provided by these institutions.
In case of any queries please write at booking@dialabank.com
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