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Which Banks Charge Lowest Rate of Interest on Home Loans / Housing Loans ?

 

by

Rajesh Goyal 

 
 

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COMPARISON OF HOME LOAN / HOUSING LOAN INTEREST RATES BY INDIAN BANKS - 2014

(Check Lowest Rate of Interest charged  by Banks in India / Minimum Rate of Interest charged  by Indian Banks. Best Home Loan Interest)

 

 

Which Banks Charges the Lowest Interest on Home Loans / Housing Loans in 2014 ? 

 

Best Rate of Interest on Housing Loans  in India ? Comparative Housing Loan Interest Rates.  Latest Home Loan Interest by Banks in India

 

Different banks charge different interest rates for Housing / Home Loans.   The rate of interest also vary based on (a) the quantum of the loan; (b) period for which loan is intended to be availed etc.  It becomes extremely important for the consumers who wish to avail Housing Loan that they are able to get the loan at lowest rate of interest so that they can save on EMI.

 

It is not possible to give the name of  one bank which charges the lowest rate of interest for all tenures and all levels of loan amount.     Moreover, these rates are frequently changed by banks and that too without informing media.  Sometimes the details are not even updated on the website or they are so confusing that it becomes impossible to decipher the details.    Therefore, we are giving below a broad idea as to the banks which are charging lowest rate of interest in a particular category.  Readers are advised to check the same by clicking on the link of relevant bank from where they intend to avail the loan and they check the websites of the following banks too to ensure that they get the best deals.  [The following rates have been updated in the last week of October 2014)

 

 

 

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Name of Bank

Tenure of Loan/Amount of Loan Rate of Interest
State Bank of India For Women Borrowers

10 bps above the BR i.e. 10.10% p.a.

 

For Other Borrowers

15 bps above the Base Rate i.e. 10.15% p.a.

 

10.10%

 

 

10.15%

Canara Bank upto Rs. 75 lakh

Above Rs. 75 lakh

10.20%

10.45%

Indian Bank Upto Rs. 75 Lakhs

Above Rs. 75 Lakhs

10.25%

10.50%

Bank of Baroda Upto Rs. 30 Lakhs

Above Rs. 30 Lakhs

Upto Rs. 75 Lakhs & Above Rs. 75 Lakhs

10.25%

10.25%

10.25%

Central Bank of India Upto Rs. 75 Lakhs

Above Rs. 75 Lakhs

10.25%

10.50%

Dena Bank

Upto Rs. 75 Lakhs

Above Rs. 75 Lakhs

10.25%

10.50%

Axis Bank For Salaried

Loans upto Rs. 75 Lacs

Loans above Rs. 75 Lacs

For Self Employed

Loan upto Rs. 25 Lacs

Loan above Rs. 25 Lacs

 

10.15%

10.40%

 

10.40%

10.90%

Corporation Bank upto Rs. 50 Lakh

Above Rs. 50 Lakhs

10.25%

10.50%

IDBI Bank   10.25%
Bank of India Limits upto Rs. 75 Lac

For limits over Rs.75 Lacs & above

10.20%

10.45%

State Bank of Hyderabad Upto Rs. 30 Lakhs

Above Rs. 30 Lakhs

10.50%

10.75%

United Bank of India Upto Rs. 25 Lakhs

Above Rs. 25 Lakhs & upto Rs. 75 Lakhs

Above Rs. 75 lakhs & upto Rs. 150 Lakhs

10.50%

10.55%

10.80%

Punjab and Sind Bank Upto Rs. 30 lakhs

Above Rs. 30 Lakhs & upto Rs. 75 lakhs

Above Rs. 75 lakhs

10.50%

10.75%

11.00%

Allahabad Bank Above Rs. 30 lakhs and upto Rs. 75 lakhs

Above Rs. 75 lakhs and upto 300 Lakhs

Above Rs. 300 Lac and upto Rs. 500 Lac

10.25%

10.25%

10.50%

 

 

 

 

Note:- The above rates are floating rates, and are linked to base rate. Thus, these rates are liable to be changed by bank even during the tenor of the loan.

 

 

 

DIRECT  LINKS  FOR  Home Loans / Housing Loans FOR DIFFERENT BANKS

 

S.No. Name of the Bank
1 Allahabad Bank
2 Andhra Bank
3 Axis Bank
4 Bank of Baroda
5 Bank of India
6 Bank of Maharashtra
7 Canara Bank
8 Catholic Syrian Bank
9 Central Bank of India
10 Corporation Bank
11 Corporation Bank
12 City Union Bank
13 Dena Bank
14 Federal Bank
15 HDFC Bank
16 ICICI Bank
17 IDBI Bank
18 Indian Bank
19 Indian Overseas Bank
20 Indus Ind Bank
21 J&K Bank
22 Karnataka Bank
23 Karur Vysya Bank
24 Kotak Bank
25 Lakshmi Vilas Bank
26 Oriental Bank Of Commerce
27 Punjab National Bank
28

Punjab and Sind Bank

29 South Indian Bank
30 State Bank of Mysore
31 State Bank of Hyderabad
32 State Bank of India
33 State Bank of Patiala
34 State Bank of Travancore
35 Syndicate Bank
36 The Ratnakar Bank
37 UCO Bank
38 United Bank of India
39 Union Bank of India
40 Vijay Bank

 

 

 

 

 

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