1 week ago

Home Loan Rates Across Indian Banks and Housing Finance Companies

This article compares home-loan interest rates from Indian banks and housing finance companies.

Loans can have floating rates, which may change over time, or fixed rates.

Bank floating rates in the table start as low as 7.0%.

Some bank floating rates go as high as 13.20%.

Housing finance companies show floating rates ranging from 7.15% to 20%.

Fixed bank rates range from 8.20% to 14.00%.

LIC Housing Finance lists fixed rates between 10.00% and 10.25%.

A lender may later change a fixed rate according to its terms and conditions.

Key facts

Lowest listed bank floating rate: 7.0%, offered in the table by Bank of Maharashtra, Central Bank, and UCO Bank.
Highest listed bank floating rate: 13.20%, listed by HDFC Bank.
Lowest listed bank fixed rate: 8.20%, appearing for some Punjab National Bank loan bands.
Highest listed bank fixed rate: 14.00%, listed by Axis Bank.
Housing finance floating-rate range: 7.15% to 20% across the listed companies.
LIC Housing Finance fixed rate: 10.00% to 10.25%.
Important qualification: Some lenders apply floating rates after a fixed-rate period, subject to their terms and conditions.

thehindubusinessline.com · 1 week ago