Latest Home Loan Interest Rates
Compare home loan offers from top banks in India.
| Bank Name | Interest Rate (p.a.) | Processing Fee | Loan Amount / Tenure | |
|---|---|---|---|---|
|
|
7.50% to 8.70% | 0.35% (Min ₹2,000 to Max ₹10,000 + GST) |
Amount: At bank's discretion Tenure: 1-30 Years |
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|
|
7.90% to 13.20% | Up to 0.50% or min ₹3,300 + GST |
Tenure: 1-30 Years |
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|
|
7.45% onwards | 0.50% (Max ₹15,000 + GST) |
Amount: Contact bank Tenure: 1-30 Years |
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|
|
Contact the Bank | 0.35% or ₹2,500 (whichever is higher), max ₹15,000 |
Amount: Up to 90% of property cost Tenure: 1-30 Years |
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|
|
7.50% onwards | Up to 0.25% (Max ₹15,000 for loans up to 1Cr) |
Amount: ₹10 Lakh to ₹30 Crores Tenure: 5-30 Years |
Enquire |
*Interest rates are subject to change and depend on the applicant's credit profile. Please check with the respective banks for the latest rates.
What is a Home Loan?
A home loan is a sum of money that an individual borrows from a bank or any other financial institution to purchase a house, apartment, or a piece of land. The borrower repays the loan amount in easy monthly installments (EMIs) over a specified period, known as the loan tenure.
The total repayment amount includes the original loan amount (principal) and the interest charged by the lender. The interest rate can be either fixed (remains the same throughout the tenure) or floating (changes based on market conditions).
Key factors that determine your home loan eligibility include your income, credit score, age, and existing financial liabilities. A good credit score is crucial for securing a loan at a favorable interest rate.
Is Your Credit Score Ready for a Home Loan?
A high credit score can get you lower interest rates. Check yours for free!
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