Home Loan Interest Rate

Buying a house in India is no more an easy job. It requires a lot of paper work and huge sums of money. But many banks and NBFCs offer attractive home loan to their customers. By taking a home loan, a person can fulfill his/her dream of putting a roof over their head. By taking home loan, one can easily get a house of their dreams without facing much financial crunches. Banks and NBFCs offer to pay back the loan via EMIs.

The home loan EMIs are formed on three factors: home loan principal amount, tenure & interest rate.

Banks and NBFCs offer two types of interest rates to its customers: fixed interest rate and floating interest rate. The loan borrower can choose any one as per his/her requirements. The interest rate on home loans starts from 8.35%* onwards.

Following is a list of personal loan interest rates offered by various banks and NBFCs in India:

Bank/NBFC Name Interest Rate*
Aadhar Housing Ltd. 11% Onwards
Aditya Birla Home Finance Ltd. 8.55% Onwards
Axis Bank Ltd. 8.65% Onwards
Capital First Home Fin Ltd. 8.60% Onwards
Citi Bank 8.35% Onwards
DBS Bank Ltd. 8.25% Onwards
DCB Bank Ltd. 10.48% Onwards
Deutsche Bank 9.35% Onwards
Dewan Housing Finance Ltd. 9.35% Onwards
DMI Housing Finance Pvt. Ltd. 12.75% Onwards
Edelweiss Housing Finance Ltd. 10.50% Onwards
Fedbank Financial Services Ltd. 8.95% Onwards
Fullerton India Housing Fin. Ltd. 8.50% Onwards
HDFC Bank Ltd. 8.35% Onwards
HSBC Ltd. 8.65% Onwards
ICICI Bank Ltd. 8.35% Onwards
IIFL (India Infoline Finance Ltd.) 9.55% Onwards
Indiabulls Housing Finance Ltd. (IBHFL) 8.35% Onwards
L & T Finance Ltd. 9.90% Onwards
Magma Housing Fin. Ltd. 8.50% Onwards
PNB Housing Finance Ltd. 8.50% Onwards
Reliance Home Finance Ltd. 10% Onwards
Religare Housing Dev. Fin. Serv. Ltd 12% Onwards
Standard Chartered Bank 8.55% Onwards
Shriram Housing Finance Ltd. 15% Onwards
Tata Capital Housing Finance Ltd. 8.70% Onwards

*The above mentioned statistics are as of March 2018. These can change as per the bank/NBFCs policy terms and the loan borrower’s profile.

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