All Banks Home Loan Interest Rates

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.

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    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 BanksHome Loan Interest Rates
    Allahabad Bank8.25% - 8.85%
    Andhra Bank8.15% - 8.30%
    Axis Bank8.55% - 9.40%
    Bandhan Bank8.75% - 12.00%
    Bank of Baroda7.25% - 8.25%
    Bank of India8.00% - 8.90%
    Bank of Maharashtra8.50% - 9.00%
    Canara Bank8.05% - 10.05%
    Central Bank of India8.00% - 8.10%
    CitibankStarting from 8.20%
    Corporation bank8.10% - 8.90%
    Dena bank8.55% - 8.65%
    Federal Bank8.55% - 8.70%
    HSBC Bank8.70% - 8.80%
    ICICI Bank8.10% - 9.20%
    IDBI Bank8.25% - 9.00%
    IDFC Bank9.05% - 12.15%
    IndusInd Bank8.80% - 9.55%
    Jammu & Kashmir Bank7.60% - 8.00%
    Karnataka Bank8.55% - 12.10%
    Karur Vysya Bank
    8.20% - 10.05%
    Kotak Mahindra Bank8.20% - 9.25%
    Lakshmi Vilas Bank9.70%
    Nainital Bank8.15% - 9.20%
    Oriental Bank of Commerce
    8.25% - 8.80%
    Punjab & Sind Bank8.05% - 8.40%
    RBL Bank10.30% - 11.65%
    SBI7.15% - 7.80%
    Standard Chartered Bank9.16% Onwards
    Syndicate Bank8.00% - 8.70%
    UCO Bank8.05% - 8.15%
    United Bank of India8.00% - 8.15%
    Vijaya Bank8.40% - 9.40%
    Yes Bank10.35%

    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 NBFCsHome Loan Interest Rates
    Bajaj Finance/Finserv9.05% - 11.15%
    DHFL9.05% - 9.95%
    Fullerton India8.99% - 12.00%
    HDFC Ltd8.00% - 8.85%
    Indiabulls HFL8.80% - 11.05%
    LIC Housing Finance Ltd8.10% - 8.95%
    PNB Housing Finance Ltd9.25% - 12.00%
    Reliance Home Finance8.75% - 14.00%
    Tata Capital9.20% - 9.35%
    Housing Finance
    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.

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    Personal Loan Interest Rates April 2020
    Bajaj Finserv10.99% - 16.00%
    Fullerton India14.00% - 33.00%
    HDFC Bank10.75% - 21.45%
    ICICI Bank10.99% - 18.40%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank10.99% - 18.00%
    Tata Capital10.99% - 18.00%

    Home Loan Interest Rates April 2020
    Axis Bank8.55% - 9.40%
    Bank of Baroda7.25% - 8.25%
    HDFC8.00% - 8.85%
    ICICI Bank8.10% - 9.20%
    Indiabulls Housing Finance Limited8.80% - 11.05%
    Kotak Bank8.20% - 9.25%
    LIC Housing8.10% - 8.95%
    Piramal Capital & Housing Finance9.00% - 9.10%
    PNB Housing Finance9.25% - 12.00%
    Reliance Home Finance8.75% - 14.00%
    State Bank of India/SBI7.15% - 7.80%
    Tata Capital9.20% - 9.35%