Home Loan Interest Rates Reference Chart

Published: September 11, 2009
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With so many options for home loans available in the market, choosing the right one seems a cumbersome job. You can use this list wherein we have gathered the data from different banks and consolidated them all at one place for your quick reference.

Bank Name Floating Interest rate Processing Fee Prepayment Charges
Allahabad Bank 10.00% 0.50% of loan amount, Maximum Rs. 10,000/- N.A
AXIS Bank 9.25% 0.5%+10.30%(Service Tax) N.A
Bank of Baroda 9.00% N.A N.A
Bank of India 9.25% For loans upto Rs.30 lacs One time @ 0.55% of loan amount min. Rs. 3000/- and max. Rs.10000/-
For Loan over Rs.30 Lacs upto Rs.50 lacs – One time flat Rs.15,000/-
For Loan over Rs.50 Lacs upto Rs.1.00 crore – One time flat Rs.20,000/-
N.A
Bank of Maharastra 9.25% N.A N.A
Canara Bank 8%(for 1 years),9%(for next 2 years),10% (above 60 months) N.A. N.A.
Central Bank of India 10.00% 1% of Loan Amount, minimum Rs.1000/- N.A
Corporation Bank 9.75% Upto Rs.5 lakhs
0.50% of loan subject to min. Rs.1,000/- & max. Rs.2,500/-
Above Rs.5 lakhs & upto Rs.15 lakhs
0.50% of loan subject to min. Rs.2,500/- & max. Rs.7,500/-
Above Rs.15 lakhs & upto Rs.20 lakhs
0.50% of loan subject to min. Rs.7,500/- & max. Rs.10,000/-
Above Rs.20 lakhs
0.50% of loan subject to min. Rs.10,000/- & max. Rs.50,000/-
N.A
Deutsche Bank 9% Rs. 10,000/- + Service Tax No Charges
DHFL 9.25% 1%( below 10 lacs), 0.75%(above 10 lacs) Before 5 years -2%,For Balance Transfer -3%
HDFC 9% Rs. 10,000/- or 0.5% of loan amount(whichever is lesser) + Service Tax If 25% of outstanding amount is paid every year till 3 years - No Penalty , otherwise 2% of outstanding amount
ICICI Bank 9.25% 0.50% 2%
ICICI Home Finance 9.25% 0.50% of loan amount upto 1 crore Rs.10,000/- above 1 crore If Full Payment - 2% of outstanding amount If Part Payment - No Penalty
IDBI 9% 0.50% of loan amount If Balance Transfer then 2.5% Otherwise Nil
ING Vysya 9.25% For Cat -A company 10,000+10.30%(Service tax) ,for Non Listed 0.5% 3% of out standing balance
LIC Housing 8.9%(Fixed rate for 3 years) Floating 8.75% 1% of loan amount 2% of out standing Payment
SBI-EASY Home Loans 8% (1st yr), 8.5% (2nd and 3rd yr) then market rate 0.50% of loan amount with a cap of Rs.10,000 + service tax N.A
Standard Chartered 9.50% 0.25%-0.50% 0f loan amount 2% of out standing Payment
UCO Bank 8.75% to 9.25% N.A. N.A
Union Bank of India 8%(Fixed rate for 1 year) Up to 50 Lacs ,9.50% N.A N.A
United Bank of India 10.00% N.A N.A

Indicative figures based on market research. Recheck the data with the individual companies / organizations for accurate data. We do not take any responsibility for any sudden / uninformed changes in interest rates.


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