All Banks Home Loan Interest Rate / Percentage Rate Today: If you are from any bank Home Loan and you are not aware about the interest rates of that loan, then this article is for you .
Before taking a loan from any bank, it is very important for us to know about the interest rate of that home loan . Just as Personal Loan before we take Personal Loan Interest Rate 2024 In the same way, it is important to know about the home loan interest rate before taking a home loan .
If you do not have information about the interest rate of home loan, then you may have to face trouble at the time of loan repayment . Home Loan Interest Rate Along with this, in this article , we will also provide you information about the processing fee charged on that loan . For this you are requested to read this article till the end .
Home Loan Interest Rates of all Banks 2023
Here we will give you information about the home loan interest rate of all the banks . You can compare all the interest rates and apply for the home loan with the lowest interest rate . If you are an existing customer of a bank and your income and your CIBIL Score If it is high then you can take advantage of the attractive interest rates of that bank .
Prime Minister’s Housing Scheme Under this, you can also get home loan subsidy of Rs 2.67 lakh from the central government by taking home loan from these banks . The interest rate keeps changing from time to time, so you keep checking the interest rate from time to time by visiting the official website of the bank . As you know that home loan is a Secured Loan To get it, you have to pledge something to the lender .
Home loan interest rate 2023 of all banks
of all banks Home Loan Interest Rates 2023 It is given here , along with information about the processing fee of that loan, you can see it:
| banks‘ name | Interest Rate (pa) | Processing Fees |
| SBI Home Loan | 6.80% | 0% – 0.35% |
| Central Bank of India home loan | 6.85% | Rs. 20,000 |
| Kotak Mahindra Bank Home Loan | 6.50% | 0.50% |
| HDFC Home Loan | 6.75% | 0.50%, Min ₹ 3,000, Max ₹ 10,00 0 |
| Union Bank of India Home loan | 6.80% | |
| Bank of Baroda Home Loan | 6.75% | Min ₹ 7,50 0 |
| Citibank Home Loan | 6.75% | Rs. 10,000 |
| Axis Bank Home Loan | 6.66% | 0.20% , Min ₹ 10,000, Max ₹ 25,00 0 |
| Canara Bank Home loan | 6.90% | Rs. 1,500 – Rs. 10,000 |
| Bandhan Bank Home loan | 8.5% | 1% (Rs.5,000) |
| Punjab and Sind Bank Home loan | 6.85% | full discount |
| Bank of Maharashtra Home loan | 6.90% | Rs. 10,000 |
| Bank of India Home Loan | 6.95% | Rs. 1,500 – Rs. 20,000 |
| Indian Overseas Bank Home loan | 7.05% | 0.50% (Max Rs. 20,000) |
| Tata Capital Home Loan | 6.90% | 0.50% |
| United Bank of India | 8.00% | 0.59% (Rs. 1,180 – Rs. 11,800) |
| Aditya Birla Home Loan | 9% | 1% of the loan amount |
| UCO Bank Home Loan | 6.90% | 0.15% (Rs. 1,500 – Rs. 15,000) |
| DBS Bank | 7.30% | 0.25% (Rs. 10,000) |
| Bajaj Finserv Home Loan | 6.75% | 0.35% |
| IDBI Home loan | 6.95% | 0.50% (Rs. 2,500 – Rs.5,000) |
| ICICI Bank Home Loan | 6.75% | up to 1.00% |
| HSBC home loan | 6.64% | 1% (Rs. 10,000) |
| Karur Vysya Bank Home loan | 7.20% | Rs. 5,000 |
| IDFC Home loan | 6.90% | 3% of the loan amount |
| Saraswat Bank Home Loan | 6.70% | Nill |
| IndusInd Bank Home loan | 8% | 0.50% of loan amount |
| Jammu and Kashmir Bank | 7.20% | Rs. 500 – Rs. 10,000 |
| PNB Home Loan | 7.35% | 0.35% of the loan amount |
| South Indian Bank | 7.85% | 0.50% (Rs. 5,000 – Rs. 10,000) |
| RBL Bank Home Loan | 9.50% | 1.50% of the loan amount |
| Federal Bank Home loan | 7.65% | Rs. 3,000 – Rs. 7,500 |
| Standard Chartered Bank Home loan | 7.99% | 1% |
| Aavas Financiers home loan | 8.00% | 1.00% |
| Dhanlaxmi Bank | 7.85% | Rs. 10,000 |
| Sundaram Finance Home loan | 6.95% | Rs.3,000 (for salaried) |
| Karnataka Bank | 7.50% | Rs. 250 |
| Indiabulls home loan | 8.65% | 2% |
| Hudco Home Loan | 9.45% | NA |
| Yes Bank Home Loan | 8.95% | 1% (Rs. 10,000) |
| DHFL home loan | 8.75% | Rs. 2500 |
| IIFL home loan | 10.50% | 1.25% |
| India Shelter Home loan | 12.00% | 2.00% |
| Shriram Finance Home loan | 8.90% | NA |
| Reliance home loan | 9.75% | Rs. 3,000 – Rs. 6,500 |
| GIC Home loan | 7.45% | Rs. 2,500 |
How to Calculate Home Loan Interest Rate ?
All Banks Home Loan Interest Rate: Can calculate your loan interest with the help of Home Loan EMI Calculator by visiting the official website of the bank from which you are taking home loan . Before taking a home loan, you should calculate the interest on that loan so that you do not face any problem while paying EMI (Equated Monthly Installment) . To calculate the interest rate , you have to enter the following information in the Home Loan EMI Calculator :
- home loan amount
- loan repayment period
- Rate of interest
After entering all the information given in the home loan EMI calculator, you have to click on the calculator . After clicking, the information will come in front of you .
Alternatively to this formula of EMI EMI = [P xrx (1+r)^n]/[(1+r)^n-1] You can also calculate the interest rate by using It contains the following:
- P is Principal
- r is rate of interest
- n is number of installments or loan tenure in months
Types of Home Loan Interest Rates
There are two main types of Home Loan Interest Rates . Many banks offer home loans at both these interest rates . Some of the types of home loan interest rates are as follows:
- Fixed Interest Rate
- Floating Interest Rate
Fixed Interest Rate:
This interest rate remains constant during the loan tenure . There is no change in the interest rate as it remains constant . In this interest rate, your loan is protected from frequent fluctuations . If this interest rate has advantages, then it also has disadvantages . If the interest rate falls, then you will not get the benefit because your loan is taken at a fixed interest rate .
Floating Interest Rate:
This interest rate is opposite to the Fixed Interest Rate . In this the interest rate is not fixed but it fluctuates from time to time . In this, the interest rate is linked to the latest published rate of the bank which depends on many factors such as RBI’s monetary policy and revision in lending rate, the bank’s response to the revision etc. The biggest advantage of Floating Interest Rate is that if there is a fall in the interest rate, then your interest charges are less because this is the latest rate. is based on But the disadvantage is that if interest rates go up, your interest charges also increase .
Conclusion:
In this article we have you Full information has been provided about Home Loan Interest Rates of all Banks 2023 ( Home Loan Interest Rate All Banks) . You can calculate the interest rate of various banks by reading this article completely .
You can apply for the home loan of the bank whose home loan interest rate is low . To see the latest interest rate, visit the official website of the bank once . Hope you friends have found this article informative .
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FAQ’s
Q. What is Home Loan ?
Ans. When we take a loan to build a house , buy a house or renovate a house, it is a home loan . With the help of home loan, we can fulfill our dream of home .
Q. How to take loan for home ?
Ans. By visiting the official website of the bank from which you want to take home loan, you have to apply online or offline by visiting the bank . After applying, you can get the home loan amount .
Q. What is SBI home loan interest rate ?
Ans. SBI home loan interest rate starts from 6.80% p.a.
Q. Up to how much lakh can I get a home loan ?
Ans. The loan amount is different in different banks . But generally the applicant can take as much loan as he wants depending on his repayment capacity .
Q. Which bank is offering the cheapest home loan ?
Ans. In this article, a comparison has been made between the home loans of all the banks . By reading these, you can find out which bank is offering the cheapest home loan .