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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


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


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 


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 



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

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