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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