Compare Home Loan Interest Rates

Best home loan with low interest rates provider

Home Loan Interest Rates Comparison in India

Bank Home Loan Rate Processing Fee
HDFC BANK 8.80% To 9.05% 0.25% of loan amt subject to max. fees of rs.10,000/-
LIC HFL 8.80% To 9.05% 0.25% of loan amt subject to max. fees of rs.10,000/-
ICICI HFC 9.25% To 10.50% 0.5% + Gst
ICICI BANK 9.10% To 9.30% 0.5% + Gst
PNB Housing Finance Limited. 9.10% To 12.00% 10,000/- To .25% + Gst
Piramal H.F. 8.8% 0.50%
YES BANK 9.85% To 11.85% 1% + Gst
AXIS BANK 8.90% To 9.15% (salaried)-5000 + Gst / Selfemployed 0.20%
IIFL 9.5% 2500/-
IDBI BANK 8.70% To 9.15% 7500/- To 10000/- + Gst
Bajaj Finance 9.75% To 11% 1%
Fullerton India H.F. 10.30% (NATP) 10.75% - 11.00% (GP) 1% + GST
HDFC (LTD) BANK 8.75% To 9.80% 0.5% + Gst 0%
Hero Fincorp 8.90% Max Rs. 10,000
Edelweiss H.F. 10.15% To 11.00% 0.25% to 0.50% + gst
Hinduja H.F. 12% To 13.50% 1%
The South Indian Bank 8.85% To 10.25% 0.5%
Bank Of Baroda 8.65% - 9.50% 8850/-
KOTAK MAHINDRA BANK 8.95% To 9.00% 0.25% + Gst
IDFC FIRST BANK 9.50% To 12% 0.20% To 1% Gst
SBI BANK 8.55% To 9.10% 4910 /-
RBL 9.65% Min Rs. 5,000
ADHAR HOUSUING FINANCE LTD (GP PROPERTYS LOAN) 11.75% To 16.00% 1.25% +Gst
UJJIVAN SMALL FINANACE BANK LTD 12% TO 15% 1.25% To 2% + gst
AAVAS FINANCIERS LIMITED 9.5% % TO 10% 1% To 2%

As per the current rates, SBI, Bank of Baroda, United Bank of India, PNB offer the lowest home loan interest rate of 8.65%. These rates can vary depending upon the value of the property and your repayment capacity. Higher the loan amount, higher will be the rate of interest. After the latest home loan rate revision announced by SBI, Bank of Baroda, United Bank of India, PNB in 2019, new home loan interest rates start from 8.65% for home buyers as well as for those who want to transfer their loan from other banks.

Quick Guide on Home Loan

Purpose : Home loan can be used for purchasing a new house, construction of house on a plot, home improvement, extension and renovation of your existing house.

Key Features :

  • Eligibility : Loan available for both salaried and self-employed borrowers within the age group of 18 and 70 years.
  • Security : Mortgage of home you are planning to purchase, renovate or construct.
  • Loan Amount : In the range of Rs. 1 Lakh to Rs. 15 Cr.
  • Loan to Property Value Ratio : Varies from 65% to 90%.
  • Loan Tenure : Can range from 5 to 30 years.
  • Interest rates : Home loan Interest Rates starting from 8.65%. Special rates for women borrowers.
  • Lowest EMI : Lowest EMI of Rs. 780 per lakh.
  • Processing Fees : Up to 1% of loan amount or Maximum Rs. 10,000.
  • Prepayment Charges : Nil charges on floating rate home loans
  • Other Charges : Legal charges, technical charges etc.
  • Documents Required : Address Proof, Identity Proof, Income

Top Home Loan Providers : Banks and Home loan companies such as SBI, ICICI Bank, HDFC Bank, Axis Bank, HDFC, PNB Housing, DHFL, Indiabulls Home Finance.

Popular Home Loan offers : Banks offer schemes for special category of borrowers including women borrowers, senior citizens, NRIs etc. Banks also offer overdraft facility to save interest on house loan. Some of the popular home loan schemes are SBI special rates for women, HDFC Reach, Axis Bank 12 EMIs offer, Bank of Baroda pre-approved loans, Indiabulls e-home loans etc.

List of Documents for Home Loan

Documents required Salaried Self Employed
Application FormSigned with photographsSigned with photographs
Identity ProofPAN card, Passport, Driving License, Aadhaar Card, Voter id, Govt issued i-cardPAN card, Passport, Driving License, Aadhaar Card, Voter id, Govt issued i-card
Certificate and Proof of Business ExistencePAN, Sales tax/ Excise/ VAT/ Service tax registration, Copy of partnership deed, Trade license, Certificate of practice, Registration certificate issued by RBI, SEBI
Address ProofPassport, Driving License, Election ID card, Electricity/ Telephone/ Mobile bill/ Bank statement (not more than 3 months old) Bank statement, Utility bill, Registry copy, Lease or rent agreement, TAN allotment letter
Income ProofForm 16, Latest 6 months salary slip, Last 6 months bank statementLast 2 years ITR, Last 6 months bank statement
Age ProofPAN card, Passport, Driving License, Voter id card, Birth certificate, Employee ID card (only for PSU/ Government employees), School/ college leaving certificate PAN card, Passport, Driving License, Voter id card, Birth certificate, Employee ID card (only for PSU/ Government employees), School/ college leaving certificate
Property DocumentsPast title chain - Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extensionPast title chain - Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension