Interest on mortgage loans | New Delhi: Home loans have been an area of great interest to people in India. It allows you to buy a house of your choice and also helps you save taxes. Various banks in India offer home loans at different interest rates in India.Read also – EPFO Latest Update | Rules around TDS on interest changed. Check full details here
Currently, according to bankbazaar.com, Bank of Maharashtra, Kotak Mahindra Bank, Bank of Baroda and Bank of India offer the cheapest home loans. The full list can be viewed here. Read also – Employment News | UPSC, ESIC, SBI recruitment: The best government jobs to apply for this week
Interest on Home Loans: Complete List of Interest Rates at All Banks in India
(Rates were taken from bankbazaar.com) Also Read – Good News For Homebuyers: Home Loan To Get Cheaper As RBI Relaxes Lending To Value Rules Until March 2023
| Banks | Starting interest rate (per year) | Processing fee |
| Kotak Mahindra Bank | 6.55% | 0.5% |
| Citibank | 6.75% | 10,000 rupees |
| Union Bank of India | 6.60% | – |
| Bank of Baroda | 6.50% | Rs 8,500-Rs 25,000 |
| Bank of India | 6.50% | – |
| National Bank of India | 6.75% | 0-0.35% |
| central bank of india | 6.85% | 20,000 rupees |
| HDFC Bank | 6.70% | Rs 3,000- Rs 5,000 (+ Tax) |
| LIC | 6.90% | Rs 10,000-Rs 15,000 |
| Axis Bank | 6.90% | 10,000 rupees |
| Canara Bank | 6.90% | Rs 1,500-Rs 10,000 |
| Bandhan Bank | 6.40% – 13.50% | 1 percent |
| Yes Bank | 8.95% | 1 percent |
| GNP housing finance | 6.75% | 0.25-0.50% |
| Standard Chartered Bank | 7.99% | 1 percent |
| HSBC Bank | 6.45% | 1 percent |
| IDBI Bank | 6.75% | 0.50 percent |
| National Bank of Punjab | 6.50% | 0.35% |
| Bank of Punjab and Sindh | 6.85% | – |
| Overseas Indian Bank | 7.05% | 0.50 percent |
| First IDFC Bank | 6.50% | 5,000 rupees |
