This is the Home Loan Interest Rate of all Banks 2024

Home Loan Interest Rate All Bank 2024

The proportion of the principal amount that the lender charges the borrower for utilizing the principal amount is known as the home loan interest rate. The cost of your house loan is determined by the interest rate that banks and other non-financial entities charge. The amount you owe your lender each month for your home loan is therefore determined by the interest rate that is applied to your payment (also known as the equivalent monthly installment). Interest rates can differ amongst lenders and are typically correlated with repo rates. 

Home Loan Interest Rate of all Banks 2024

Banks	Starting Interest Rate (p.a.)	Processing Fees
Kotak Mahindra Bank	8.70% p.a. onwards	Salaried: 0.5% Plus taxes; Self-Employed/Commercial: 1.0% Plus taxes.
Union Bank of India	8.35% p.a. onwards	100% processing fee waived for Union Home loans, valid from 16 November 2023 to 31 December 2023, CIC Score 700+
Bank of Baroda	8.40% p.a. onwards	No processing fee; discounted upfront fee.
Central Bank of India	8.50% p.a. onwards	0.50% up to Rs.20,000 Plus GST (waived till 31 March 2024)
Bank of India	8.30% p.a. onwards	Full waiver on processing fees for new home loans until 31 December 2023.
State Bank of India	8.60% p.a. onwards	Clean Overdraft: No charges. SBI Pension Loan: 1% or Rs.1000-10000 Plus GST. Jai Jawan Pension Loan: No charges. Xpress Credit: 1.50% or Rs.1000-15000 Plus GST.
HDFC Home Loans	8.50% p.a. onwards	Up to 0.50% or Rs.3000 Plus taxes, whichever is higher. Minimum retention: 50% or Rs.3000 Plus taxes, whichever is higher.
LIC Housing Finance	8.85% p.a. onwards	For amounts up to Rs.1 crore, it is 0.25% of the loan amount, with a maximum of Rs.15,000 Plus GST.For amounts above Rs.1 crore and up to Rs.2 cr0re, the fee is Rs.20,000 Plus GST.For amounts above Rs.2 crore and up to Rs.5 crore, the fee is Rs.25,000 Plus GST.For amounts above Rs.5 crore and up to Rs.15 crore, the fee is Rs.50,000 Plus GST.
Axis Bank	8.70% p.a. onwards	Up to 1% or min. Rs.10,000 Plus GST
Canara Bank	8.55% p.a. onwards	Contact bank
Punjab and Sind Bank	8.55% p.a. onwards	0.15% of the loan amount will be charged, with a minimum of Rs.1000 and a maximum of Rs.3750. For loans above Rs.25 lakh and up to Rs.50 lakh, the fee is 0.25% of the loan amount, capped at a maximum of Rs.12500. Similarly, loans above Rs.50 lakh but less than Rs.75 lakh incur a fee of 0.25% of the loan amount, with a maximum limit of Rs.15000. Loans of Rs.75 lakh and above carry a charge of 0.25% of the loan amount.
IDFC First Bank	8.75% p.a. onwards	Up to 3% of the overall loan amount.
Bank of Maharashtra	8.35% p.a. onwards	No processing fees.
Indian Overseas Bank	8.85% p.a. onwards	Processing charges are completely waived, entailing a 100% exemption.
Punjab National Bank	8.40% p.a. onwards	Nill
UCO Bank	8.45% p.a. onwards	Contact Bank.
IDBI Bank	8.45% p.a. onwards	0.50% (Rs. 2,500 - Rs.5,000)
HSBC Bank	8.45% p.a. onwards	1% of loan amount or Rs.10,000, whichever is higher.
Karur Vysya Bank	8.95% p.a. onwards	Loans up to Rs.25 Lakhs incur a charge of Rs.2,500 Plus GST.Loans ranging from Rs.25 Lakhs to Rs.50 Lakhs carry a processing fee of Rs.5,000 Plus GST.For loans exceeding Rs.50 Lakhs, the processing fee is Rs.7,500 Plus GST.
Saraswat Bank Home Loan	8.60% p.a. onwards	Up to Rs.35 lakh: NlRs.35 lakh - Rs.50 lakh: 0.30% of loan amountRs.50 lakh - Rs.70 lakh: 0.40% of loan amountRs.70 lakh - Rs.1.40 lakh: 0.50% of loan amount
Jammu and Kashmir Bank	8.75% p.a. onwards	0.50% Plus GST (min. Rs.2,000 and max. Rs.50,000)
South Indian Bank	8.50% p.a. onwards	0.50% of the loan amount or a minimum of Rs. 5,000 + GST
PNB Housing Finance Limited	8.50% p.a. onwards	Up to 1.00%
Federal Bank	8.80% p.a. onwards	Contact bank
Standard Chartered Bank	8.65% p.a. onwards	Contact bank
Aavas Financiers	Contact bank	1.00%
Karnataka Bank	8.58% p.a. onwards	Contact bank
Sundaram Home Finance	Contact bank	Up to 0.75% of the loan amount plus applicable GST.
Dhanlaxmi Bank	Contact bank	1.00% of the loan amount, Plus service tax (with a minimum of Rs.10,000 Plus service tax).
Tata Capital	8.70% p.a. onwards	Rs.999 Plus GST
Tamilnad Mercantile Bank	9.45% p.a. onwards	0.50% of loan amount Plus GST
Bandhan Bank	9.16% p.a. onwards	0.25% to 1.00% plus GST
Yes Bank	9.40% p.a. to 10.25% p.a.	1.5% of the loan amount plus GST or Rs.10,000, whichever is higher
Hudco Home Loan	9.25% p.a. onwards	Nil
Indiabulls	9.30% p.a. onwards	0.50% onwards
Aditya Birla	Contact bank	Up to 1%
GIC Housing Finance	8.80% p.a. onwards	Rs.2,500 Plus Applicable GST
Reliance Home Finance	9.75% p.a. onwards	Up to 1.5%
Shriram Housing	9.50% p.a. onwards	Up to 2.5% of the loan amount Plus applicable taxes.
India Shelter Finance	10.50% p.a. to 20% p.a.	2.50% Plus Taxes as processing fee

*Home loan interest rates updated in January 2024