Home Loan / Housing Loan interest rates:In India all most all Public and Private sector banks are providing home loans but different banks charge different interest rates on Housing / Home Loans. The rate of interest also varies based on two different things like (a) the quantum of the loan; (b) period for which loan is intended to be availed etc. It becomes very important for the consumers who wish to benefit housing loan that they are able to get the loan at lowermost rate of interest so that they can save on EMI.So many banks are providing lowest rate on home load so it is not possible to give the name of one bank which concerns the lowest rate of interest for all terms and all levels of loan amount. Moreover, these rates are often changed by concern banks and that too without any informing customers. Occasionally the details were not even updated on the website or they are so puzzling that it becomes impossible to decode the details.
How to Apply Home Loan or Housing loan
Therefore, we are providing below a comprehensive idea as to the banks which are charging lowest rate of interest in a specific category. Customers are advised to check the same by clicking on the official link of relevant bank from where they intend to benefit the loan and they check the websites of the following banks too to safeguard that they get the best transactions. Below are some of the bank rates as on the first week of September 2014. So many people are having so many questions like which banks charges the lowest interest on Home Loans / Housing Loans in 2014 so in order to solve those questions we are providing latest home loan interest by Public sector banks in India.
Housing Loan Interest Rates india
Name
of Bank
|
Tenure
of Loan/Amount of Loan
|
Rate
of Interest
|
State Bank of India
|
For
Women Borrowers
Upto Rs.
75.00 Lakhs
Above
Rs. 75.00 Lakhs
For
Other Borrowers
Upto Rs.
75.00 Lac
Above
Rs. 75.00 Lac
|
10.10%
10.25%
10.15%
10.30%
|
Indian
Bank
|
Upto Rs.
75 Lakhs
Above
Rs. 75 Lakhs
|
10.25%
10.50%
|
Canara Bank
|
upto Rs.
75 lakh
Above
Rs. 75 lakh
|
10.30%
10.50%
|
Central Bank of India
|
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%
|
Dena Bank
|
Upto Rs.
75 Lakhs
Above
Rs. 75 Lakhs
|
10.25%
10.50%
|
Axis Bank
|
Loan up
to Rs. 75 Lac
Loan
above Rs. 75 Lac
|
10.25%
10.50%
|
Oriental Bank Of Commerce
|
Upto Rs.
75 Lakhs
Above
Rs.75 Lakhs - Rs. 3 Crore
|
10.25%
10.75%
|
Corporation Bank
|
upto Rs.
50 Lakh
Above
Rs. 50 Lakhs
|
10.25%
10.50%
|
IDBI Bank
|
Upto
Rs. 75 Lakhs
|
10.25%
|
State Bank of Hyderabad
|
Upto Rs.
30 Lakhs
Above
Rs. 30 Lakhs
|
10.50%
10.75%
|
Bank of India
|
Limits
upto Rs. 75 Lakhs
For
limits over Rs.75 Lakhs & above
|
10.20%
10.45%
|
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%
|
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%
|
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%
|
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