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Real Estate Agent Jharkhand : Mr. Anil - 09430309681: Real Estate Agent Jharkhand : Mr. Anil - 094303096...: Contact Person: Mr.Anil - 09430309681 Area : 5 Decemil Plot, Rd. Side Location: Singhrawan NH2, Kolkata - Delh...
Saturday, September 24, 2011
HDFC Personal Loan
Whatever the occasion, the range of HDFC Personal Loans can
help. HDFC bank offers
1. Borrow up
to Rs 15,00,000 for any purpose depending on your requirements.
2. Flexible
Repayment options, ranging from 12 to 60 months.
3. Repay
with easy EMIs.
4. One of
the lowest Personal Loan Rates.
5. Hassle
free Personal Loan - No guarantor/security/collateral required.
6. Convenience
of service at your doorstep.
7. Speedy
loan approval.
8. Personal
Accident Cover Insurance.
9. Credit
Shield.
| Eligibility Criteria for HDFC Bank Personal Loan | |
| Age of Applicant | Min-21 years ; Max-60 years. |
| No. of years in employment | 2 years & above |
| Current Experience | 1 year & above |
| Net Monthly Income | Rs. 15,000/- & above (cat-A companies) Rs. 20,000/- & above (non-listed companies) |
| Loan Amount offered by HDFC Bank | |
| Minimum Funding | Rs. 50,000/- |
| Maximum Funding | Rs. 15,00,000/- |
| Loan Tenure offered by HDFC Bank | |
| Minimum Tenure | 12 months |
| Maximum Tenure | 60 months |
| Turn Around Time of HDFC Bank Personal Loan | |
| Salary below Rs. 75,000 | working days (48 hours). |
| Salary above Rs. 75,000 | 7 working days |
| Processing Fee of HDFC Bank Personal Loan | |
| Salary account holder | 2% of loan amount |
| Non–salary account holder | 2.5% of loan amount |
| Prepayment Charges of HDFC Bank Personal Loan | |
| Foreclosure Charges | 4% of outstanding principal (Can be foreclosed after 6 months only) |
| Salary available for making EMI’s | |
| Up to Rs. 25,000 p.m | 35% of salary is considered |
| Bet Rs. 25,000 to Rs. 50,000 p.m. | 40% of salary is considered |
| Above Rs. 50,000 p.m | 45% - 50% of salary is considered |
| Documents Required for HDFC Bank Personal Loan | |
| Identity Proof | Passport/ driving license/PAN card/ Photo credit card (with embossed Signature and last two months statement)/ banker’s sign verification |
| Age Proof | PAN Card/ Passport/ Driving Licence/ School leaving certificate/ Voter’s card/ BirthCertificate/ LIC policy (only for age Proof). |
| Address Proof | Passport/ Telephone bill (BSNL/MTNL)/ Electricity bill/ Title deed of property/Rental agreement/ Driving license/ Election ID card/ Photo-credit card (with last two month statements) |
| Income Proof | Latest salary slip/current dated salary Certificate with latest form 16 |
| Job Continuity Proof | Form 16/relieving letter/appointment Letter (for last two months) |
| Banking History | Bank statements of latest 2 months/ 3 months bank passbook |
Disclaimer : Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.
State Bank of India (SBI) Personal Loan
State Bank of India Personal Loan rates are competitive in market but not lowest as per popular belief. Before taking any loans compare Personal Loan Rates of all banks and then take a decision.
Enjoy the SBI Advantage :
• Low Personal Loan Interest Rates. Further, charge interest on a daily reducing balance!!
• Minimum processing charges; only 1%-2% of loan amount.
• No hidden costs or administrative charges.
• No security required.... which means minimal documentation…something that you had always wanted.
• No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan (1% of the loan amount will be charged if you repay the loan before 6 months)
• Long repayment period of up to 48 months.
Salaried (At present, only salaried individuals are covered under the scheme).
Eligibility Criteria | Loan Amount | Documents Required |
| Resident Indian National | 2.50 lakhs in Non Metros 5 lakhs in Metros Upto 10 lakhs where salaried account or current account is with Sbi It is determined by your repayment capacity. Minimum Income: Rs.24,000/- in metro and urban centres Rs.10,000/- in rural/semi-urban centres Maximum Loan Amount: 12 times Net Monthly Income for salaried individuals and pensioners subject to a ceiling of Rs.10 lacs in all centres | 1). Passport size photograph 2). Proof of official address for self employed individuals and professionals. This can include shop and establishment certificate/Lease deed/Telephone Bill 3). Latest Salary clip and Form 16, in the case of salaried persons. |
• Max Tenor : 48 months
• Processing fee : 1%
• No prepayment charges
Personal loan amount can be increased by making your spouse as co borrower.
| Interest Rates | |
| Personal Loans Scheme (SBI Saral) | 16.75% p.a. |
| SBI Loan to Pensioners | 12.25% p.a. |
| Loans to Employee to Subscribe to ESOPs | 14.00% p.a. |
Other Products from SBI
• SBI Home Loan
• SBI Home Finance
• SBI Personal Loan
• SBI Card
State Bank of India-
Head Office:
State Bank of India,
State Bank Bhawna, 8th Floor,
Madame Cama Road,
Mumbai-400021
Telephone No. 22029456 or 22029451, Fax no. 22885369.
Personal Loan Banks
Personal Loan Banks
State Bank of India (SBI)
SBI Saral - Personal Loan is the answer when you need finances. Loans for salaried and self employed individuals, Repayment tenures from 12 to 60 months, Loans are available from Rs 1 lac to Rs 20 lacs.
HDFC Bank
Borrow up to Rs 15,00,000 for any purpose depending on your requirements. Flexible Repayment options. The procedure is simple, documentation is minimal and approval is quick.
ICICI Bank
ICICI Bank Personal Loans are easy to get and absolutely hassle free. With minimum documentation you can now secure a loan for an amount upto Rs. 15 lakhs.
Barclays Finance
A loan that allows you to do what you want & when you want. Barclays believes in following a hassle free process. It offers you a flexible repayment option & a speedy loan approval.
Standard Chartered
Standard Chartered offers personal loan for expanding your business, designing your dream home, giving your children the best education, your daughters wedding, holidays and vacation.
Fullerton India
Fullerton India is a Non Banking Finance Company. The Company started its operations in January 2006.Fullerton offers you a wide range of financial products. It has more than 800 branches across India.
Axis Bank
Axis Bank Personal Loan loans will meet all your personal requirements. Loans are available from Rs 1 lac to Rs 20 lacs, Loans can be used for any purpose with no questions asked regarding the end use of the loan, Simple procedure, minimal documentation and quick approval
Deutsche Bank
With Deutsche Bank Personal loan get special interest rates for salaried customers, easy documentation, and quick approval process. For DB Personal Loan No income papers required, Easy loan tenure, Balance transfer option, convenient top-up option
ING VYSYA Bank
ING Vyaya Bank Personal loan scheme helps you to turn your dreams into reality. You can use loan for a wedding or for your holiday purpose or for any other urgent requirement.
HSBC Bank
Smooth personal loan repayment, low interest rates i.e. Lower EMI in the first year. Interest on utilised amount only, not on the entire loan. Last EMI waiver by paying a marginally higher interest rate.
Reliance Consumer Finance
An easy & hassle free method for your Personal loan requirement by Reliance Personal loans. Use the loan either for a wedding, vacation loan, or a loan to fulfill your credit needs, you can avail of them without any security.
Kotak Mahindra Bank
Kotak Banks offers you an easy & quick personal loan named as Jaldi Loan. They follow a simple & easy documentation process. Kotak gives you a flexible repayment option , also don't over burden you with heavy Emi's
Citibank
With Citibank's Personal Loan get Cash upto Rs.10 lakh at your doorstep in 48 hours. With No guarantors or security, Flexible repayment, Simple documentation.
Know more..
Personal Loan in Mumbai - India
Personal Loan
Personal Loan Trends for September 2011
Personal loan market in India hasn't grown much in last two months.In last six months there has been .5% increase in rates which is much lower in response to Rbi directives to increase rates. Banks do have margin in this portfolio so to increase demand they have not passed the entire rate hikes to customers.Most customers prefer taking personal loan from the banks where they have there banking accounts.
We at Deal4loans recommend to customers to check at others Banks also before they take such a decision as they may get lower rates and quick disbursal's. Customer should compare Emi,Processing Fee,Loan disbursal time, loan amount and emi payment date before choosing there right Bank for there best Personal Loan. Personal loan market in India is dominated by Hdfc,Fullerton,Citibank etc where as nationalized banks are hesitant to enter unsecured business or do a semi secured Personal loan product.
Personal loan market in India hasn't grown much in last two months.In last six months there has been .5% increase in rates which is much lower in response to Rbi directives to increase rates. Banks do have margin in this portfolio so to increase demand they have not passed the entire rate hikes to customers.Most customers prefer taking personal loan from the banks where they have there banking accounts.
We at Deal4loans recommend to customers to check at others Banks also before they take such a decision as they may get lower rates and quick disbursal's. Customer should compare Emi,Processing Fee,Loan disbursal time, loan amount and emi payment date before choosing there right Bank for there best Personal Loan. Personal loan market in India is dominated by Hdfc,Fullerton,Citibank etc where as nationalized banks are hesitant to enter unsecured business or do a semi secured Personal loan product.
What is a Personal loan?
Personal Loan is an unsecured loan for personal use which doesn’t require any security or collateral and can be availed for any purpose, be it a wedding expenditure, a holiday or purchasing consumer durables, the personal loan is very handy & caters to all your needs. The amount of loan can be ranged from Rs. 50,000 – Rs. 20 lakh & the tenure for repaying the loan varies from 1 to 5 years. More Information about personal loan section click articles about personal loan and Personal loan must read.
Benefits of Personal loan
1. A Loan without security : A Personal Loan is not a secured loan (bank doesn’t ask for any security or collateral) as against a Secured Loan where one is required to pledge a house or other security to acquire a loan.
2. Simple Documentation: A Personal Loan can be accessed with minimal paperwork or documentation & doesn’t take much time to procure as against a Secured Loan.
3. No specification about the end use of the loan amount : You are not required to disclose the end use of the money borrowed, Banks are concerned about the fact that whether the borrower is able to pay back the loan with interest before the due date or not and they confirm this by checking the income, employment or business & other factors of the borrower.
4. Big Loan amount : Personal Loan is a means to fulfill bigger loan requirement, you can take a loan ranging from Rs. 50,000 to Rs. 20 lakh.
Basis to Compare Personal Loans
• Compare Interest Rates : Personal Loan can be compared primarily on the basis of interest rates which vary across banks depending on your profile which is further linked to your occupation, salary/income, credit history etc. The personal loan interest rate ranges from 12% to 25%, you must go for that loan which is offering you at the minimum rate.
• Other Charges : You should also check on the other charges like processing fee, pre-payment penalties and documentation fee because they increase the overall loan cost and vary widely across banks.
• Evaluation of various Loan offers : You should first calculate the entire loan cost across banks which constitutes the rate of interest & banks other charges. Evaluate offers keeping the tenure of the loan constant & compare the rate of interest, EMIs & other charges. This process will help you get the Best Loan deal.
• EMIs : EMI is the monthly equated installment which constitutes the principal amount and the interest on the principal equally divided across each month in the loan tenure. Use our EMI Calculator to compare EMIs across banks
• Tenure : Tenure is the time frame for the personal loan payments to be paid back to the bank; it ranges from 1 year to 5 years. If you have a longer tenure you will end up paying more interest & will have lower EMI, on the other hand shorter loan tenure will carry higher EMIs & the interest amount is less. You must compare the loan offers by keeping the tenure constant.
• Eligibility Check : Before taking a personal loan you must know the eligibility criteria’s offered by various banks on the basis of which they offer loans and also compare personal loan banks. Checking the eligibility parameters will help you find the best loan deal. Check out your eligibility by various banks.
• Turnaround time : It becomes one of the most important factors in evaluation of your loan application when you are in a dire need of money. Turnaround time is the time which banks take in processing your loan application; you must check this parameter which varies from bank to bank.
Charges involved in Personal Loan
The Rate of interest alone should not be judged before you finalize your application, apart from the rate of interest, Personal Loan also constitutes other charges levied by the lender which affect the overall cost of your loan & should be considered while comparing it across banks. Following are the lists of charges:
• Processing fee : It is a fee charged by banks from the borrowers to process their loan application; it is normally between 1-2 percentage of the loan amount.
• Prepayment fee : Banks charge borrowers with a fee when they pay the loan EMIs before the tenure which normally is between 2-5% of the outstanding loan amount.
• Late penalties : When there is a delay in paying your monthly EMIs of your loan, banks charge a late payment fee with your EMIs. They normally range from 2-3% of the EMI.
• Cheque bounce charges : Banks charge between Rs. 250-500 for every bounced cheque given for the payment of the loan amount owing to the insufficient funds in your account.
• Documentation charges : These are the charges for verifying the borrower’s documents to processing the loan application. These vary from Rs. 500-Rs. 1000.
• You should note that the above charges vary across different banks; you should consider these charges before choosing the personal loan as they will determine its real costs.
Documents required in Personal Loan
The documentation process in personal loan is very fast as against secured loans. Following documents are required by financial institutions to process the loan application:
• Identity proof
• 3 to 6 months Bank statements
• Residence proof
• Salary slip
• Guarantors & their same set of documents
In case of self-employed banks require balance sheets, profit & loss account, partnership deed & other mandatory documents etc.
Personal Loan Criteria by various banks
Banks offer Personal Loan to borrowers depending on various factors such as income, employment, continuity of business so as to make sure that they repay the loan with interest before the due date. The eligibility criterion of a Personal Loan is primarily based on the work profile of a loan seeker which is broadly divided into the following two classes:
- Self-employed
- Salaried
In addition to the above factors banks also consider other aspects such as age, work experience, existing relationship with the bank, repayment capacity etc.
To find your eligibility Criteria across various banks in accordance with the above parameters; Deal4Loans has brought in the Eligibility Criteria Check for Personal Loan seekers.
How does the Cibil Score affect your loan application?
This a norm wherein the banks before giving Personal Loan checks the database of all loan borrowers in the country by the Credit Information Bureau of India (CIBIL) which is called the Cibil Score. If there has been a default in your loan payment; your loan application would certainly be rejected. Your Cibil score ranges from 100 to 999, for instance if your credit score is 100 then your loan application might be out rightly rejected. On other hand if it is higher say 800, then your loan application would be processed faster & will be rewarded with lower interest rates & discounts in processing fee & other charges.
You can improve your credit score by repaying your loan EMIs on time and always pay the minimum payment on your credit card to avert from the bad credit score.
Reducing Interest Rate or Flat Interest Rate, which is better?
The Personal loans Interest Rates vary between 14% and 25% depending on your profile & payment ability. There are basically two types of interest Rates offered by banks which are
1. Reducing Balance Interest Rate
2. Flat Interest Rate
In the Reducing Interest Rate calculation method, the interest on your loan keeps on reducing as it is calculated on the reduced principle amount which gets reduced daily, monthly, quarterly or annually.
Flat Interest Rate calculation method on other hand implies that your rate of interest remains the same & is calculated over the entire loan period. The outstanding loan amount is never reduced over the loan tenure.
It is always advised to take a loan at reducing balance interest rates as the Flat rate calculation comes out to be really expensive.
What is a Personal loan?
Personal Loan is an unsecured loan for personal use which doesn’t require any security or collateral and can be availed for any purpose, be it a wedding expenditure, a holiday or purchasing consumer durables, the personal loan is very handy & caters to all your needs. The amount of loan can be ranged from Rs. 50,000 – Rs. 20 lakh & the tenure for repaying the loan varies from 1 to 5 years. More Information about personal loan section click articles about personal loan and Personal loan must read.
Benefits of Personal loan
1. A Loan without security : A Personal Loan is not a secured loan (bank doesn’t ask for any security or collateral) as against a Secured Loan where one is required to pledge a house or other security to acquire a loan.
2. Simple Documentation: A Personal Loan can be accessed with minimal paperwork or documentation & doesn’t take much time to procure as against a Secured Loan.
3. No specification about the end use of the loan amount : You are not required to disclose the end use of the money borrowed, Banks are concerned about the fact that whether the borrower is able to pay back the loan with interest before the due date or not and they confirm this by checking the income, employment or business & other factors of the borrower.
4. Big Loan amount : Personal Loan is a means to fulfill bigger loan requirement, you can take a loan ranging from Rs. 50,000 to Rs. 20 lakh.
Basis to Compare Personal Loans
• Compare Interest Rates : Personal Loan can be compared primarily on the basis of interest rates which vary across banks depending on your profile which is further linked to your occupation, salary/income, credit history etc. The personal loan interest rate ranges from 12% to 25%, you must go for that loan which is offering you at the minimum rate.
• Other Charges : You should also check on the other charges like processing fee, pre-payment penalties and documentation fee because they increase the overall loan cost and vary widely across banks.
• Evaluation of various Loan offers : You should first calculate the entire loan cost across banks which constitutes the rate of interest & banks other charges. Evaluate offers keeping the tenure of the loan constant & compare the rate of interest, EMIs & other charges. This process will help you get the Best Loan deal.
• EMIs : EMI is the monthly equated installment which constitutes the principal amount and the interest on the principal equally divided across each month in the loan tenure. Use our EMI Calculator to compare EMIs across banks
• Tenure : Tenure is the time frame for the personal loan payments to be paid back to the bank; it ranges from 1 year to 5 years. If you have a longer tenure you will end up paying more interest & will have lower EMI, on the other hand shorter loan tenure will carry higher EMIs & the interest amount is less. You must compare the loan offers by keeping the tenure constant.
• Eligibility Check : Before taking a personal loan you must know the eligibility criteria’s offered by various banks on the basis of which they offer loans and also compare personal loan banks. Checking the eligibility parameters will help you find the best loan deal. Check out your eligibility by various banks.
• Turnaround time : It becomes one of the most important factors in evaluation of your loan application when you are in a dire need of money. Turnaround time is the time which banks take in processing your loan application; you must check this parameter which varies from bank to bank.
Charges involved in Personal Loan
The Rate of interest alone should not be judged before you finalize your application, apart from the rate of interest, Personal Loan also constitutes other charges levied by the lender which affect the overall cost of your loan & should be considered while comparing it across banks. Following are the lists of charges:
• Processing fee : It is a fee charged by banks from the borrowers to process their loan application; it is normally between 1-2 percentage of the loan amount.
• Prepayment fee : Banks charge borrowers with a fee when they pay the loan EMIs before the tenure which normally is between 2-5% of the outstanding loan amount.
• Late penalties : When there is a delay in paying your monthly EMIs of your loan, banks charge a late payment fee with your EMIs. They normally range from 2-3% of the EMI.
• Cheque bounce charges : Banks charge between Rs. 250-500 for every bounced cheque given for the payment of the loan amount owing to the insufficient funds in your account.
• Documentation charges : These are the charges for verifying the borrower’s documents to processing the loan application. These vary from Rs. 500-Rs. 1000.
• You should note that the above charges vary across different banks; you should consider these charges before choosing the personal loan as they will determine its real costs.
Documents required in Personal Loan
The documentation process in personal loan is very fast as against secured loans. Following documents are required by financial institutions to process the loan application:
• Identity proof
• 3 to 6 months Bank statements
• Residence proof
• Salary slip
• Guarantors & their same set of documents
In case of self-employed banks require balance sheets, profit & loss account, partnership deed & other mandatory documents etc.
Personal Loan Criteria by various banks
Banks offer Personal Loan to borrowers depending on various factors such as income, employment, continuity of business so as to make sure that they repay the loan with interest before the due date. The eligibility criterion of a Personal Loan is primarily based on the work profile of a loan seeker which is broadly divided into the following two classes:
- Self-employed
- Salaried
In addition to the above factors banks also consider other aspects such as age, work experience, existing relationship with the bank, repayment capacity etc.
To find your eligibility Criteria across various banks in accordance with the above parameters; Deal4Loans has brought in the Eligibility Criteria Check for Personal Loan seekers.
How does the Cibil Score affect your loan application?
This a norm wherein the banks before giving Personal Loan checks the database of all loan borrowers in the country by the Credit Information Bureau of India (CIBIL) which is called the Cibil Score. If there has been a default in your loan payment; your loan application would certainly be rejected. Your Cibil score ranges from 100 to 999, for instance if your credit score is 100 then your loan application might be out rightly rejected. On other hand if it is higher say 800, then your loan application would be processed faster & will be rewarded with lower interest rates & discounts in processing fee & other charges.
You can improve your credit score by repaying your loan EMIs on time and always pay the minimum payment on your credit card to avert from the bad credit score.
Reducing Interest Rate or Flat Interest Rate, which is better?
The Personal loans Interest Rates vary between 14% and 25% depending on your profile & payment ability. There are basically two types of interest Rates offered by banks which are
1. Reducing Balance Interest Rate
2. Flat Interest Rate
In the Reducing Interest Rate calculation method, the interest on your loan keeps on reducing as it is calculated on the reduced principle amount which gets reduced daily, monthly, quarterly or annually.
Flat Interest Rate calculation method on other hand implies that your rate of interest remains the same & is calculated over the entire loan period. The outstanding loan amount is never reduced over the loan tenure.
It is always advised to take a loan at reducing balance interest rates as the Flat rate calculation comes out to be really expensive.
Important pointers in Personal Loan
Increase your loan eligibility : You can increase your eligibility of the loan amount by clubbing your income with your spouse’s income.
Relationships with banks : You can get discounts on interest rates if you take a loan from a bank that you already deal with for your existing relationship, in this case banks will consider your past records of credit repayments and your saving account balance and you will be offered discounts on the basis of your current relationship.
Cibil Score Check : You must know that your credit history play a very important role in the acceptance of your loan application as CIBIL keeps a record of credit history by collecting your credit data from various financial institutions. A decent credit score not only gives a green signal to your loan application but also offers you lower interest rates by the bank.
Penalties : If you think of closing your loan earlier, this will invite the pre-payment charges levied by the bank which are upto 5% of the outstanding loan amount. Some banks have this norm wherein you are not allowed to close your loan within the first six months of your loan term. You should also know about the charges taken by the bank for paying your EMI late.
Increase your loan eligibility : You can increase your eligibility of the loan amount by clubbing your income with your spouse’s income.
Relationships with banks : You can get discounts on interest rates if you take a loan from a bank that you already deal with for your existing relationship, in this case banks will consider your past records of credit repayments and your saving account balance and you will be offered discounts on the basis of your current relationship.
Cibil Score Check : You must know that your credit history play a very important role in the acceptance of your loan application as CIBIL keeps a record of credit history by collecting your credit data from various financial institutions. A decent credit score not only gives a green signal to your loan application but also offers you lower interest rates by the bank.
Penalties : If you think of closing your loan earlier, this will invite the pre-payment charges levied by the bank which are upto 5% of the outstanding loan amount. Some banks have this norm wherein you are not allowed to close your loan within the first six months of your loan term. You should also know about the charges taken by the bank for paying your EMI late.
Current Home Loan Rates in India
Home Loan
Home Loan interest rates on the rise for last few months, a large part of customers are rethinking there decision to buy a home. We at deal4loans advice customers not to hold there home buying because of hike in interest rates as an individual cannot time the home loan market. In 20 years of Home loan there will be 3-7 years when interest will remain high. Floating rates started in home loan market in 1999 and still there are no trends in the market which can give data on how to time the Home loan market. We expect another .25-.50% increase in near future but we think that will be the peak of interest rates. To get customers faith back- few Banks like ICICI has come with fixed Home loan rates for two years and we hope other banks will follow the same so that customer trust can be created. So if you think Property prices are gonna rise and that your dream home is available - go for it.
Bank name
|
Interest Type
|
Interest Rates for various loan amount
| |||||
upto 5 lakh
|
5-20 lakh
|
20-30 lakh
|
30-50 lakh
|
50-75 lakh
|
>75 lakh
| ||
ICICI Bank
|
Floating
|
8.75
|
8.75
|
8.75
|
9.0
|
9.5
|
9.5
|
ICICI Bank
|
Fixed
|
16.0
|
16.0
|
16.0
|
16.0
|
16.0
|
16.0
|
HDFC
|
Floating
|
8.75
|
8.75
|
8.75
|
9.0
|
9.25
|
9.25
|
HDFC
|
Fixed
|
14.25
|
14.25
|
14.25
|
14.25
|
14.25
|
14.25
|
SBI Easy Home Loan
|
Fixed
|
8.0
|
8.0
|
8.0
|
8.0
|
8.0
|
8.0
|
SBI Easy Home Loan
|
Floating
|
8.0
|
8.0
|
8.0
|
8.0
|
8.0
|
8.0
|
SBI
|
Floating
|
9.75
|
9.75
|
9.75
|
10.25
|
10.25
|
10.5
|
Axis Bank
|
Floating
|
8.75
|
8.75
|
8.75
|
9.25
|
NA
|
NA
|
Axis Bank
|
Fixed
|
14.0
|
14.0
|
14.0
|
14.0
|
NA
|
NA
|
Bank of Baroda
|
Floating
|
9.0
|
9.0
|
9.0
|
9.75
|
9.75
|
9.75
|
Union Bank of India
|
Floating
|
9.5
|
9.5
|
9.5
|
9.75
|
10.25
|
10.25
|
LIC Fix-o-Floaty
|
Floating
|
8.9
|
8.9
|
8.9
|
8.9
|
8.9
|
8.9
|
LIC Housing Finance
|
Floating
|
9.75
|
9.75
|
9.75
|
9.75
|
9.75
|
9.75
|
Central Bank of India
|
Floating
|
9.75
|
9.75
|
9.75
|
10.25
|
10.25
|
10.25
|
IDBI Home Finance
|
Floating
|
8.25
|
8.25
|
8.25
|
8.25
|
8.25
|
8.25
|
IDBI Home Finance
|
Fixed
|
13.75
|
13.75
|
NA
|
NA
|
NA
|
NA
|
Bank of India - Floating
|
Floating
|
9.25
|
9.25
|
9.25
|
10.25
|
11.0
|
11.0
|
HSBC Bank
|
Floating
|
9.0 - 14.0
|
9.0 - 14.0
|
9.0 - 14.0
|
9.0 - 14.0
|
9.0 - 14.0
|
9.0 - 14.0
|
Kotak Bank
|
Floating
|
8.5
|
8.5
|
8.5
|
8.5
|
8.5
|
NA
|
Reliance Home Finance
|
Floating
|
8.25
|
8.25
|
8.25
|
8.25
|
8.25
|
8.25
|
IDBI Bank
|
Fixed
|
11.0
|
11.0
|
11.0
|
11.0
|
11.0
|
11.0
|
PNB Housing Finance Ltd
|
Floating
|
9.5
|
9.5
|
10.0
|
10.0
|
10.0
|
10.0
|
PNB Housing Finance Ltd
|
Fixed
|
13.0
|
13.0
|
13.0
|
13.0
|
13.0
|
13.0
|
GIC Housing Finance
|
Fixed
|
15.0
|
15.0
|
15.0
|
15.0
|
15.0
|
15.0
|
GIC Housing Finance
|
Floating
|
10.5
|
10.5
|
10.5
|
10.5
|
10.5
|
10.5
|
Dena Bank
|
Floating
|
9.25
|
9.75
|
9.75
|
9.75
|
9.75
|
9.75
|
Dena Bank
|
Fixed
|
10.25
|
10.75
|
11.0
|
11.0
|
11.0
|
11.0
|
Allahabad Bank
|
Fixed
|
12.25
|
12.25
|
12.25
|
12.25
|
12.75
|
12.75
|
Allahabad Bank
|
Floating
|
9.25
|
9.25
|
10.0
|
10.0
|
10.5
|
10.5
|
Andhra Bank
|
Floating
|
9.75
|
9.75
|
10.5
|
10.5
|
10.5
|
10.5
|
Canara Bank
|
Fixed
|
11.5
|
11.5
|
11.5
|
11.75
|
11.75
|
11.75
|
Canara Bank
|
Floating
|
9.25
|
9.25
|
9.25
|
10.0
|
10.0
|
10.0
|
Bank of Maharashtra
|
Floating
|
9.0
|
9.0
|
9.0
|
9.75
|
9.75
|
9.75
|
Bank of Rajasthan
|
Fixed
|
9.0
|
9.0
|
9.0
|
9.0
|
9.0
|
9.0
|
Bank of Rajasthan
|
Floating
|
7.5
|
7.5
|
7.5
|
8.0
|
8.0
|
8.0
|
Punjab National Bank
|
Fixed
|
10.5
|
10.5
|
10.75
|
10.75
|
10.75
|
10.75
|
Punjab National Bank
|
Floating
|
9.25
|
9.25
|
9.75
|
9.75
|
9.75
|
9.75
|
Oriental Bank of Commerce
|
Floating
|
9.25
|
9.25
|
9.5
|
10.25
|
10.25
|
10.25
|
Oriental Bank of Commerce
|
Fixed
|
10.25
|
10.25
|
10.5
|
NA
|
NA
|
NA
|
Federal Bank
|
Floating
|
8.25
|
8.5
|
8.5
|
8.75
|
9.0
|
9.0
|
Federal Bank
|
Fixed
|
9.25
|
9.5
|
9.5
|
9.75
|
10.0
|
10.0
|
Catholic Syrian Bank
|
Floating
|
11.0
|
11.0
|
13.0
|
13.0
|
NA
|
NA
|
UCO Bank
|
Floating
|
9.0 - 9.5
|
9.0 - 9.5
|
9.5 - 10.0
|
10.0 - 10.5
|
10.0 - 10.5
|
10.0 - 10.5
|
UCO Bank
|
Fixed
|
10.75 - 11.0
|
10.75 - 11.0
|
11.25 - 11.5
|
12.0 - 12.25
|
12.0 - 12.25
|
12.0 - 12.25
|
Vijaya Bank
|
Floating
|
10.0
|
10.0
|
10.0
|
10.75
|
10.75
|
10.75
|
State Bank of Mysore
|
Floating
|
9.5
|
9.5
|
9.5
|
9.75
|
9.75
|
9.75
|
Indian Bank
|
Floating
|
9.75
|
9.75
|
10.0
|
10.5
|
10.5
|
10.5
|
Indian Overseas Bank
|
Floating
|
8.75
|
8.75
|
8.75
|
10.25
|
NA
|
NA
|
State Bank of Patiala
|
Floating
|
9.25
|
9.25
|
9.25
|
10.25
|
10.25
|
10.25
|
Deutsche Postbank - New Year Bonanza - Scheme I
|
Floating
|
8.75
|
8.75
|
8.75
|
9.0
|
9.0
|
9.0
|
Deutsche Postbank - New Year Bonanza - Scheme II
|
Floating
|
9.0
|
9.0
|
9.0
|
9.25
|
9.25
|
9.25
|
Corporation Bank
|
Floating
|
9.75
|
9.75
|
9.75
|
10.5
|
10.75
|
10.75
|
Corporation Bank
|
Fixed
|
11.0
|
11.0
|
11.0
|
11.5
|
11.5
|
11.5
|
Syndicate Bank
|
Floating
|
8.75
|
8.75
|
9.5
|
10.0
|
10.0
|
10.0
|
J & K Bank
|
Floating
|
11.5
|
11.5
|
12.25
|
12.25
|
12.25
|
NA
|
DCB
|
Floating
|
NA
|
8.75
|
8.75
|
8.75
|
8.75
|
8.75
|
Punjab & Sind Bank
|
Floating
|
10.0
|
10.0
|
10.25
|
10.5
|
10.5
|
10.5
|
State Bank of Bikaner& Jaipur
|
Floating
|
9.75
|
9.75
|
9.75
|
10.25
|
10.25
|
10.25
|
State Bank of Hyderabad
|
Floating
|
9.5
|
9.5
|
9.5
|
10.75
|
10.75
|
10.75
|
State Bank of Indore
|
Floating
|
9.75
|
9.75
|
9.75
|
11.75
|
11.75
|
12.0
|
State Bank of Travancore
|
Floating
|
9.75
|
9.75
|
9.75
|
10.5
|
10.5
|
10.5
|
Dhanalakshmi Bank Ltd
|
Floating
|
12.0
|
12.0
|
13.0
|
13.0
|
13.0
|
13.0
|
South Indian Bank
|
Fixed
|
12.75
|
12.75
|
12.75
|
13.5
|
13.5
|
13.5
|
South Indian Bank
|
Floating
|
11.75
|
11.75
|
11.75
|
12.5
|
12.5
|
12.5
|
Updated as on 31 March, 2010.
The home loan interest rates given above are indicative in nature. It is based on market research conducted by the Apnaloan Research Bureau. 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.
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