All Top Banks Interest Rates 2020304221 views
How do you define a home? A home is a place where the times spent today become beautiful memories that are cherished forever. But, how many people are able to buy a home without loan? Not many and that’s fine. We are living in a time when dreams are expensive and when you have top lenders offering home loans at a rate within your budget, everything seems sorted. To build a dream home of your own or to buy a fully furnished home, housing loans have played a very significant role. You just have to make sure your eligibility matches and have a positive credit history. Maintaining these two can fetch lower rate of interest or alteast the chance to negotiate with the lender. Below are some of the best home loans in India where you can get lowest interest rate and enjoy paying within your budget.
Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure
Table of Contents
Compare Home Loan Interest Rates of All Banks in India 2020
If you have been wasting your time in looking for housing loan interest rates at different portals, here is a home loan interest rates comparison table. Have a look at the lowest home loan interest rates at top banks in India where you can apply.
|List of Banks||Home Loan Interest Rates|
|Allahabad Bank||8.25% - 8.85%|
|Andhra Bank||8.15% - 8.30%|
|Axis Bank||8.55% - 9.40%|
|Bandhan Bank||8.75% - 12.00%|
|Bank of Baroda||7.25% - 8.25%|
|Bank of India||8.00% - 8.90%|
|Bank of Maharashtra||8.50% - 9.00%|
|Canara Bank||8.05% - 10.05%|
|Central Bank of India||8.00% - 8.10%|
|Citibank||Starting from 8.20%|
|Corporation bank||8.10% - 8.90%|
|Dena bank||8.55% - 8.65%|
|Federal Bank||8.55% - 8.70%|
|HSBC Bank||8.70% - 8.80%|
|ICICI Bank||8.10% - 9.20%|
|IDBI Bank||8.25% - 9.00%|
|IDFC Bank||9.05% - 12.15%|
|IndusInd Bank||8.80% - 9.55%|
|Jammu & Kashmir Bank||7.60% - 8.00%|
|Karnataka Bank||8.55% - 12.10%|
|Karur Vysya Bank||8.20% - 10.05%|
|Kotak Mahindra Bank||8.20% - 9.25%|
|Lakshmi Vilas Bank||9.70%|
|Nainital Bank||8.15% - 9.20%|
| Oriental Bank of Commerce||8.25% - 8.80%|
|Punjab & Sind Bank||8.05% - 8.40%|
|RBL Bank||10.30% - 11.65%|
|SBI||7.15% - 7.80%|
|Standard Chartered Bank||9.16% Onwards|
|Syndicate Bank||8.00% - 8.70%|
|UCO Bank||8.05% - 8.15%|
|United Bank of India||8.00% - 8.15%|
|Vijaya Bank||8.40% - 9.40%|
Housing Loan Interest Rates at NBFCs in India 2020
Below is the table showing interest rates offered by top housing finance companies in India.
|List of NBFCs||Home Loan Interest Rates|
|Bajaj Finance/Finserv||9.05% - 11.15%|
|DHFL||9.05% - 9.95%|
|Fullerton India||8.99% - 12.00%|
|HDFC Ltd||8.00% - 8.85%|
|Indiabulls HFL||8.80% - 11.05%|
|LIC Housing Finance Ltd||8.10% - 8.95%|
|PNB Housing Finance Ltd||9.25% - 12.00%|
|Reliance Home Finance||8.75% - 14.00%|
|Tata Capital||9.20% - 9.35%|
|Starting from 9.65%|
Best Home Loans in India 2020
Almost all top banks in India are presently offering home loans at 8.70% per annum. It thus becomes quite difficult to decide which bank is best to take home loan in India. You can, however, compare which bank is offering the highest loan amount based on your eligibility. Also, you can check which bank has the lowest processing fee. So, when you have banks where the rate offered is same but one of them is offering the maximum loan amount with lowest processing fee applicable, that lender would be best for you.
How to get lowest home loan interest rates 2020?
Just like other loans, housing loans are also offered based on your eligibility for a housing loan as well as the property for which the loan is being taken. The lender takes into account some factors like the age, the property value, the income of the applicant, and others to check if the applicant is eligibility for a lower rate. The better your overall profile will be, the higher are the chances to get the lowest housing loan interest rates. Wishfin is an online portal where you can apply for a home loan and get best rates along with the instant approval facility.
What is the lowest interest rate on home loans?
At present, all the top lenders such as SBI, HDFC, LIC, Axis Bank, Bank of Baroda, DHFL, ICICI Bank among others are offering low-interest rates on home loans. The lowest rate is 8.50% per annum is available at these banks. So, if you match the eligibility, you can get the loan at these rates.