Getting a home loan is not as difficult at this time. A salaried or self-employed person gets instant home loans to make a dream home. Enjoy a home loan interest rate at 8.35% p.a. Also, compare another lender to get the best rate from 24hr Loan.
Home Loan Interest Rate All Banks
| Banks | Interest Rates |
| HDFC Bank | 8.50% p.a. – 10.70% p.a. |
| WeRize | 9.65% p.a. – 18.00% p.a. |
| Tata Capital Housing | 8.95% p.a. onwards |
| LIC Housing Finance | 8.90% p.a. – 10.75% p.a. |
| Bajaj Housing Finance | 8.70% p.a. onwards |
| Union Bank of India | 8.35% p.a. onwards |
| Piramal Finance | 9.50% p.a. – 12.00% p.a. |
| Bandhan Bank | 9.15% p.a. to 15.00% p.a. |
| Punjab & Sind Bank | 8.85% p.a. – 9.95% p.a. |
| Punjab National Bank | 8.65% p.a. – 9.50% p.a. |
| State Bank of India | 9.15% p.a. – 10.15% p.a. |
| Indian Overseas Bank | 9.55% p.a. – 10.95% p.a. |
| Hero Fincorp | 9.50% p.a. – 11.95% p.a. |
| L&T Housing Finance | 8.60% p.a. onwards |
| Aditya Birla Capital | 8.80% p.a. – 14.75% p.a. |
| GIC Housing Finance | 8.45% p.a. onwards |
| ICICI Bank | 9.20% p.a. onwards |
| Chola Finance | 9.00% p.a. – 20.00% p.a. |
| Yes Bank | 9.40% p.a. – 10.25% p.a. |
| Kotak Mahindra Bank | 8.70% p.a. onwards |
| Axis Bank | 8.70% p.a. onwards |
| IndusInd Bank | 8.40% p.a. – 10.66% p.a. |
| HSBC Bank | 8.45% p.a. onwards |
| IDFC First Bank | 8.75% p.a. onwards |
| Repco Home Finance | 9.60% p.a. onwards |
| Bajaj Housing Finance | 8.70% p.a. onwards |
| Citi Bank | 8.45% p.a. onwards |
| Standard Chartered | 8.75% p.a. onwards |
| Karnataka Bank | 8.75% p.a. – 12.75% p.a. |
| Bank of Baroda | 9.15% p.a. – 10.65% p.a. |
| Federal Bank | 8.80% p.a. onwards |
| IIFL Bank | 8.90% p.a. onwards |
| Bank of India | 9.25% p.a. – 10.75% p.a. |
| SMFG India Credit | 9.50% p.a. – 10.50% p.a. |
| IDBI Bank | 8.45% p.a. onwards |
| Karur Vysya Bank | 9.00% p.a. – 11.05% p.a. |
| South Indian Bank | 8.25% p.a. – 11.00% p.a. |
| RBL Bank | 8.90% p.a. onwards |
| Bank of Maharashtra | 8.35% p.a. onwards |
| Central Bank of India | 8.35% p.a. – 9.35% p.a. |
| DMI Housing Finance | 11.00% p.a. – 15.50% p.a. |
| J&K Bank | 8.75% p.a. onwards |
| Sundaram Home Finance | 8.75% p.a. onwards |
| Dhanalaxmi Bank | 9.35% p.a. – 15.00% p.a. |
| Hudco Home Loan | 9.25% p.a. onwards |
| India Shelter Finance | 10.50% p.a. – 20% p.a. |
Fixed vs. Variable Interest Rate
Two types of home loan interest rates are available on the market. Borrowers should be aware of these rates.
Fixed Interest Rate
The fixed rate is a constant interest rate. The borrower pays the fixed EMI per month for the loan repayment term.
Variable Interest Rate
Variable rates may be changed depending on a market index. The monthly EMI may fluctuate if the repayment rate.
Factors Depend on Home Loan Interest Rates
Sometimes the borrower gets an 8.65% rate on a house loan, and sometimes another customer obtains a home loan at a 9.25% rate. What is the cause of the difference in interest rates? Know more about this:
Income Profile: The borrower’s income profile is one of the common factors of interest rate. A government employee gets the lowest interest compared to a private sector company. Also, self-employed persons obtain housing loans at a cheap rate if they show proper vintage documents (GST File, ITR File, Trade License).
Credit Score: Your CIBIL score is the main key to opening the door. That means, get a cheap house loan interest if you have a good CIBIL track. The 750+ or above credit score will get a lower interest rate compared to others.
Loan Amount: Home loan interest rates may differ based on the loan amount. If one person takes a Rs. 5 lakh home loan, the interest will be a little higher compared to a person taking a Rs. 20 lakh loan. A higher loan amount comes with cheap ROI (Rate of Interest).
Also Read: Gold Loan Interest Rate
How to Calculate Home Loan Interest Rate
Calculating house loan interest is easy for everyone. With a single click, get the result of your home loan.
Calculate EMI
Borrowers take advantage of the Home Loan EMI Calculator to compare home loan rates. Required to fill in the blanks to get the result of the calculation. Once you fill in the details, click on the “Calculate “ button for instant results.
- Loan Amount
- Interest Rate
- Loan Tenure (Months)
Our home loan calculator will show the original results that will help you compare with other lenders.
FAQs on Home Loan Interest Rates
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How to get a cheap home loan interest rate?
Secure a house loan at cheap rates through comparison with other lenders. Use 24hr Loan calculator to calculate interest rates and understand the best lender that provides lower rates.
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What is the LTV Ratio?
The full form of LTV is the loan-to-value ratio. The bank will calculate the property and provide a loan based on the property valuation. Lenders give up to 90% loan amount on the property value. This way, Banks calculate the LTV ratio.
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What is the rate of the SBI Home Loan?
State Bank of India provides cheap interest rates of 9.15% p.a. to 10.15% p.a.
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What is the interest of the Central Bank of India?
Central Bank of India offers affordable house loan interest from 8.35% p.a. to 9.35% p.a.
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What is the interest rate of IDFC First Bank Home Loan?
Get a lower home loan interest rate from IDFC First Bank at 8.75% p.a. onwards.