Buying your first home can seem intimidating, especially when faced with many different loan types. Don’t worry. Use this list to know which is the best.

To help its customers get the best interest rates on home loans flatons has consolidated all the information regarding current rate of interest for all the banks at one place. Please keep visiting this section to check updated rate of interest for home loans.

Bank Name Floating Interest rate Processing Fee Prepayment Charges
State Bank Of India
9.95%
Up to 25 lacs : 0.125% of loan amount minimum Rs.1000/-
25-75 lacs : Rs.3,250/-
75 & above : 5,000/-
Nil
ICICI Bank
Scheme I :10.25% (Fixed 1 yr)
Scheme II : 10.25% (Fixed 2yrs)
Scheme III : 10.50% (Fixed 3yrs)
then 10.25%
0.50% of loan amount upto 1 crore N.A
HDFC Ltd
10.15%
0.5% or maximum 10,000+service tax (12.36%) No prepayment charges shall be payable for partial or full prepayments irrespective of the source
HSBC Bank
10% to 13%
1% of the loan amount applied for, subject to a minimum of Rs 10000 plus service tax. This fee is payable on application and is not refundable Nil
LIC Housing
Scheme I : 10.25% (Fixed for 2 yrs)
Scheme II : 10.95%(Fixed for 10 yrs)
Up to 50 lacs : 10,000 +(Service tax)
50 lacs & above : 15,000 +(service tax)
Nil
AXIS Bank
10.25% (Upto 25 Lacs), then 10.50%
1% of the Loan Amount Nil
IDBI
10.25%
Up to .50%of loan amount
(Rs 2500 to be collected at login and balance at the time of sanction )
If Balance Transfer then 2% Otherwise Nil
PNB Housing Finance
10.75%(SEP), 11%(SENP)
0.5% Nil
ING Vysya
10.75%
0.5% of the loan amount Nil
Standard Chartered
9.99% (Upto 25Lacs), then 10.15%-10.25%
Rs.7500/- + Service tax Nil
Fedbank
10.25%
Max charges 5618/- inclusive taxes Nil
Citibank
10.50% (Upto 25Lacs), then 10.75%
0.25% (for salaried ), 0.50% ( for Self Employed) Nil
Deutsche Bank
10.50%
12000 + Service Tax Nil
DHFL
11%
1% for Salaried & 1.5% for SENP Nil
India Bulls
10.15% (Upto 25Lacs), then 10.75%
Up to 30 lacs 5,000+12.36%(Service tax)
30 lacs & above : 15,000+12.36%(Service tax)
Nil
Federal Bank
10.48%
N.A N.A
Allahabad Bank
10.20% (Upto 25Lacs), then 10.45%
0.50% of loan amount, Maximum Rs. 10,000/- Nil
Bank of Maharastra
10.55% (Upto 25lacs), then 10.75%
0.50% (Max. Rs. 50,000/-) Nil
Central Bank of India
10.25%
0.50% of the loan amount subject to maximum of Rs.20,000/- Nil
Corporation Bank
10.25%
0.50% of Loan amount (Max.Rs.50,000/-) Nil
Bank of India
10.25%
0.25% of loan amount. Min.Rs.1,000 and Max. Rs.20,000 Nil
Union Bank of India
10.25%
Processing charges are 0.50% of the loan amount subject to maximum of Rs. 15,000 Nil
United Bank of India
10.75% (upto 25 lacs) then 10.55%
0.50% of the loan amount N.A
UCO Bank
10.20%
0.5% of the loan amount, minimum Rs.1500/- & maximum Rs. 15000/- NIL
Bank of Baroda
11%
Loan upto Rs.30 Lacs – 0.50% (Minimum Rs.5,000/-)
Above 30 Lacs – 0.40% (Min. Rs.15,000/- & Max. Rs.50,000/-)
N.A
Canara Bank
10.75%
N.A N.A
Oriental Bank of Commerce
10.25%
0.50% of the loan amount, subject to maximum of Rs. 20000/- plus service tax NIL
Kotak Bank
10.75%
0.25% – 0.5% 2% on Balance transfer else NIL
Dena Bank
10.30%
N.A N.A
Punjab National Bank
10.25%
N.A N.A
First Blue Home Finance
10.25% (for Salaried / SEP), 10.75% (For Self Employed) (Upto 25Lacs), Then 10.75% (for Salaried / SEP), 11.25% (For Self Employed)
Salaried: Up to 30 lacs :7300
30 – 75 lacs : 11800
75 lacs & above : 15,000 + service tax(12.36%)
Nil
Vijaya Bank
10.50%
N.A N.A
Syndicate Bank
10.25% ( upto 25 lacs ), then 10.50%
upto Rs.25 lacs – 0.25% (Min Rs 1000 – Max Rs 5000)
26 lacs to 75 lacs – 0.55% (Max.Rs.500/-)
above Rs.75 lacs – 0.55% (Max Rs.10000/-)
N.A
Indian Overseas Bank
10.25%
A flat rate of 0.58% of the loan amount- maximum of Rs. 10,190/- There is no hidden charge. This is subject to change from time to time without prior intimation. N.A
Reliance
11.50% – 11.75%
0.75% of loan amount NIL
Development Credit Bank
11.50%
1% Nil
State Bank of Travancore
10.25%-10.50%
Processing fees stands reduced by50% of normal charges during the campaign period NIL
Tata capital Housing Finance ltd
10.75%
0.5 to 1% off the loan amount. N.A
Dhanalakshmi Bank
Scheme I: 11.50% (Fixed for 1 yr), Then 12%
Scheme II: 12%
1% + service tax N.A
Indian Bank
10.20%
Nil Nil