Home Loan Rate Of Interest

home loan interest rate

Home loans can be availed not only for purchasing a house, but for constructing as well as renovating an existing house for residential purposes.

Many banks offered attractive home loan schemes at fixed or floating rates.

Here are the interest rates of home loans offered by nationalized banks in India.

HOME LOAN INTEREST RATES

Home Loan Interest Rate Axis Bank

Axis Bank is one of the leading banks that offer attractive home loan schemes in India at the interest rates offered in both fixed and floating rates. interest rates vary from 6.90% to 12% per annum. 

AXIS BANK HOME LOAN SCHEMES

 INTEREST RATES

Axis Bank Home Loan (floating rate)For Salaried: 6.90% p.a. -8.40% p.a.
For Self-employed: 7.00 p.a.% – 8.55% p.a. 
Axis Bank Home Loan (fixed rate)12.00% p.a.
Axis Bank Asha Home Loan
For Salaried: 10.05% pa. – 11% p.a.
For Self-employed: 10.30% – 11.50% p.a.
Axis Bank Super Saver Home Loan
6.90% p.a. onwards
Axis Bank Fast Forward Home Loan6.90% p.a. onwards
Axis Bank QuikPay Home Loan6.90% p.a. onwards
Axis Bank Power Advantage Home Loan
6.90% p.a. onwards
Axis Bank Shubh Aarambh Home Loan6.90% p.a. onwards
Top-up Home Loan8.65% p.a. onwards
PMAY CLSS6.90% p.a. onwards

HDFC Bank Home Loan Interest Rate

The home loan interest rate of HDFC Ltd. starts as low as 6.70% p.a. for women and generally starts at 7% for the general public. The loan tenure can extend up to 30 years.

The various home loan interest rates offered by HDFC bank are:

HDFC HOME LOAN SCHEMESINTEREST RATES
HDFC Home Loan6.70% p.a. – 7.85% p.a.
HDFC Plot Loan7.05% p.a. – 8.10% p.a.
HDFC Home Improvement Loan6.70% p.a. – 8.0% p.a.
HDFC Home Loan Top Up8.30% p.a. – 8.80% p.a.
HDFC Home Extension Loan6.70% p.a. – 8.0% p.a.
HDFC Home Loan Balance Transfer6.70% p.a. – 8.00% p.a.
HDFC Reach Home Loan78.75% p.a. – 14% p.a.
HDFC NRI Home Loan6.70% p.a. – 8.0% p.a.
HDFC Rural Housing Loan6.95% p.a. – 8.70% p.a.

ICICI Bank Home Loan Interest Rates

ICICI Ltd provides eligible borrowers with affordable home loan which starts as low as 6.90% p.a. exclusive of other charges. The repayment tenure can be extended up to 30 years with flexible repayment options.

ICICI bank also offers PMAY (Pradhan Mantri Awas Yojana) scheme on housing loans. 

LOAN AMOUNTINTEREST RATE (Salaried)INTEREST RATE
(Self-Employed)
Up to ₹35 lakh6.90% to 7.60% p.a. 7.05% p.a. to 7.85% p.a.
₹35 lakh – ₹75 lakh7% p.a. to 7.75% p.a.7.10% p.a. to 7.95% p.a.
Above ₹75 lakh7% p.a. to 7.95% p.a.7.10% p.a. to 8.05% p.a.

SBI Home Loan Rate Of Interest

The State Bank Of India is offering attractive packages of home loans at floating rates with the lowest interest rate at 6.70% per annum.

The SBI rates vary based on two employment types –

  1. Salaried
  2. Self-employed
SBI HOME LOAN SCHEMES INTEREST RATE
(Salaried)
INTEREST RATE
(Self-Employed)
SBI Home Loans (Term Loan)  6.70% – 7.35% p.a. 6.70% – 7.50% p.a.
SBI MaxGain (Floating Interest Card Rate) 7.30 – 7.70% p.a. 7.45% – 7.85% p.a.
SBI Insta Home Top Up Loan 8.20% p.a. 8.20% p.a.
SBI Home Top Up Loan (Term Loan) 7.50% – 9.55% p.a. 7.65% – 9.70% p.a.
SBI Home Top Up Loan (Overdraft) 8.40% – 8.65% p.a. 8.55% – 8.80% p.a.
SBI Smart Home Top-Up Loan (Term Loan) 8.05% p.a. 8.55% p.a.
SBI Smart Home Top-Up Loan (Overdraft) 8.55% p.a. 9.05% p.a.
SBI CRE Home Loan 50 bps + Final rate – 
SBI Tribal Plus/CRGFT 10 bps + Final rate – 
SBI Reverse Mortgage Loan Public: 9.05% p.a.
SBI Pensioners: 8.05% p.a.
– 
SBI Bridge Home Loan First Year: 9.60% p.a.
Second Year: 10.50% p.a.
– 
SBI Privilege and Shaurya Starts at 6.95% p.a. – 
SBI Realty Starts at 7.65% p.a. – 

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