Home Loan Interest Rate of All Banks
Spread the love

Home loan (Housing Loan) rate of interest is very low when compared to other type of loans such as Mortgage loan, Personal Loan, Business loan etc. It is because of the housing loan is being a priority sector lending, all banks and Housing Finance Companies are required to give home loan at lowest interest rate. In this post, we have compiled all bank’s home loan interest rate list to give you an overview in finding best interest rate for your Housing loan.

Home Loan Interest Rate of Public Sector Banks

Presently there are 12 Public sector banks are functioning in India. All the banks are offering Home Loan (Housing Loan) to their customers at a affordable rate of interest. Here, we have compiled the list of home loan rate of interest of various public sector banks for easy selection of your lender. The list is last updated on 13th December 2021.

S.NoName of the BankHome Loan Interest Rate
1Bank of Baroda 6.50 onwards
2Bank of India6.50% to 8.35%
3Bank of Maharashtra6.40% onwards
4Canara Bank6.90% to 8.90%
5Central Bank of India7.10% to 7.30%
6Indian Bank 7.00% to 8.50%
7Indian Overseas Bank7.05% to 9.80%
8Punjab & Sind Bank6.85% to 7.80%
9Punjab National Bank6.95% to 7.85%
10State Bank of India 6.80% to 7.50%
11UCO Bank6.50% to 7.25%
12Union Bank of India 6.50% to 7.40%

From the above given details, you can identify that which bank offers lowest home loan rate of interest among the listed public sector banks. At present, Bank of Baroda (BOB) and State Bank of India (SBI) are offering lowest interest rate than other public sector banks.

Private Sector Banks’ Home Loan Interest Rate

The following table contains the details of Housing loan interest rate of various private sector banks in India. Presently, as per RBI, there are 22 private sector banks are functioning in our Country. All these banks are offering housing loan as their flagship products at the affordable rate of interest. Find below your favorite bank which offer best housing loan interest rate.

S.NoName of the BankHome Loan Interest Rate
1Axis Bank Ltd6.75% to 11.00%
2Bandhan Bank Ltd. 8.50% to 11.75%
3CSB Bank Ltd8.30% to 9.05%
4City Union Bank Ltd10.25% to 12.75%
5DCB Bank Ltd.8.05% Onwards
6Dhanlaxmi Bank Ltd. 7.85% to 9.00%
7Federal Bank Ltd. 7.65% to 7.80%
8HDFC Bank Ltd 6.75% onwards
9ICICI Bank Ltd.6.75% onwards
10Induslnd Bank Ltd8.60% to 15.00%
11IDFC First Bank Ltd. 6.90% onwards
12Jammu & Kashmir Bank Ltd. 7.20% to 7.60%
13Karnataka Bank Ltd. 7.50% to 8.75%
14Karur Vysya Bank Ltd. 7.05% to 9.35%
15Kotak Mahindra Bank Ltd6.55% to 7.30%
16Lakshmi Vilas Bank Ltd. 8.55% onwards
17Nainital Bank Ltd.9.75% onwards
18RBL Bank Ltd.9.25% onwards
19South Indian Bank Ltd. 7.95% to 9.45%
20Tamilnad Mercantile Bank Ltd8.25% onwards
21YES Bank Ltd.9.50% to 11.80%
22IDBI Bank Ltd6.95% to 10.05%

From the above given details, you can identify that which bank offers lowest home loan rate of interest among the listed Private sector banks. At present, Kotak Mahindra Bank, Axis Bank, HDFC Bank and ICICI Bank are offering very lowest interest rate than all other private sector banks.

Housing Loan interest rate

Housing Loan Interest Rate of Small Finance Banks

Presently, as per RBI, there are 11 Small Finance Banks are functioning in our Country. They are all offering Housing loan to their customer at the best of their rate of interests. The following table contains the list of Housing loan interest rate of all small finance banks. You can find the best interest rate of small finance banks here:

S.NoName of the BankHome Loan Interest Rate
1Au Small Finance Bank Limited8.50% onwards
2Capital Small Finance Bank Limited9.50% to 10.35%
3Equitas Small Finance Bank Limited10.00% to 17.00%
4Suryoday Small Finance Bank Limited10.50% to 16.00%
5Ujjivan Small Finance Bank Limited13.75% to 15.75%
6Utkarsh Small Finance Bank Limited9.00% to 14.00%
7ESAF Small Finance Bank Limited8.26% to 15.85%
8Fincare Small Finance Bank Limited9.99% to 10.99%
9Jana Small Finance Bank Limited11.50% to 18.75%
10North East Small Finance Bank Limited10.90% onwards
11Shivalik Small Finance Bank Limited10.00% onwards

From the above given details, you can identify that which bank offers lowest home loan rate of interest among the listed Small Finance Banks. At present, ESAF Small Finance Bank Limited and Au Small Finance Bank Limited are offering very lowest interest rate for home loans than other Small Finance Banks.

Housing Finance Companies’ HL Interest Rate

Apart from commercial banks and small finance banks, there are some Non Banking Finance Companies (NBFC) also offer housing loan facility to their customer. We have also given the list of Housing loan interest of all Housing finance companies here for your better decision making.

S.NoHome Finance Companies NameHome Loan Interest Rate
1Repco Home Finance Ltd7.75% Onwards
2LIC Housing Finance Ltd6.90% to 7.90%
3Can Fin Homes Ltd7.25% to 9.25%
4Bajaj Finserve6.75% to 9.00%
5Sriram Housing Finance8.90% Onwards
6Sundaram Home Finance Ltd6.50% to 15.00%
7L & T Finance7.70% to 8.45%
8Indiabulls Housing Finance Ltd8.65% onwards

Which bank offers lowest interest rate for Housing loan?

Among the above listed four categories, the following banks offer best interest rate when compared to other banks and NBFCs

  • Bank of Baroda (BOB)
  • State Bank of India (SBI)
  • Kotak Mahindra Bank
  • Axis Bank
  • ICICI Bank
  • LIC Housing Finance
  • Sundaram Home Finance

The above mentioned interest details are gathered form the respective bank’s official website. Though we are collected these details very recently, you are advised to cross check the same in their official websites.

One thought on “Home Loan Interest Rate of all Banks”

Leave a Reply

Your email address will not be published.