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



Rajesh Goyal 


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(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 2016 ? 


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 June 2016]




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Name of Bank

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



For Other Borrowers


9.35 % to 9.90 %



9.40% to 9.95 %






9.40 %



9.45 %


Canara Bank Upto Rs.100 Lacs

> Rs 100 Lacs

9.65 %

9.75 %


Indian Bank Upto Rs. 75 Lakhs

Above Rs. 75 Lakhs




Dena Bank up to 75 lakh 9.70%
Bank of Baroda Upto Rs. 75 Lakhs

Above Rs. 75 Lakhs



9.65%  to  9.90%
Axis Bank For salaries:

Loan amount upto Rs. 28 lacs

Loan amount above Rs. 28 lacs

All Loans;

For Self Employed

Loan amount upto Rs 28 lacs


Loan amount above Rs 28 lacs


All Top up Loans


9.45 %

9.50 %



9.55 %


9.60 %


11.60 %


HDFC Bank   9.40 % (For Women)


9.45 % (For Others)


Corporation Bank upto Rs. 2 crore

Above Rs. 2 crore

9.65 %



IDBI Bank   9.75%  to 10.05 %


United Bank of India All amounts and All Tenures




Union Bank of India upto Rs. 75 Lack

above Rs. 75 lack


9.60 %



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.






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
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

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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