Compare Home Loan Interest Rates: Latest Offers from SBI, PNB, ICICI & HDFC Bank
People can go through the guide as it has given an in-depth comparison of the latest home loan interest rates. If you are a person buying a home for the first time or looking to refinance your existing loan.
Compare Home Loan Interest Rates: It is difficult to Navigate the housing loan market, probably in a time of fluctuating interest rates that can significantly impact your long-term financial plans. For the person who is considering buying a home or refinancing, It's important to keep track of the current interest rates offered by India's leading banks— ICICI Bank, State Bank of India (SBI), Punjab National Bank (PNB), and HDFC Bank.
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People can go through the guide as it has given an in-depth comparison of the latest home loan interest rates. If you are a person buying a home for the first time or looking to refinance your existing loan, this guide will help you the great decisions in today’s dynamic home loan.
SBI or The State Bank of India provides various options for home loans. The rate of interest ranges from 8.50% to 11.55%. Follow the chart given below.
PNB or Punjab National Bank provides seamless and swift loans according to variants of needs which include home purchases, construction, renovations, and extensions.
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PNB Housing can approve and provide financing for up to 90% of the house’s value. The amount of funding depends on the loan amount. It also offers its customers 30-year housing loans (up to the age of 70).
PNB’s rate of interest ranges from 8.50% to 11.45%. Follow the chart given below.
Up to 35 lakh
|
Credit Score |
Salaried |
Non Salaried |
|
>=825 |
8.5% to 9% |
8.8% to 9.3% |
|
>800 to 825 |
8.8% to 9.3% |
8.95% to 9.45% |
|
>775 to 799 |
9.1% to 9.6% |
9.65% to 10.15% |
|
>750 to <=775 |
9.25% to 9.75% |
9.8% to 10.3% |
|
> 725 to < =750 |
9.55% to 10.05% |
10.25% to 10.75% |
|
> 700 to <= 725 |
9.85% to 10.35% |
10.55% to 11.05% |
|
>650 to <=700 |
10.25% to 10.75% |
10.75% to 11.25% |
|
Upto 650 |
10.25% to 10.75% |
10.75% to 11.25% |
|
NTC Cibil >=170 |
10.25% to 10.75% |
10.65% to 11.15% |
|
NTC Cibil <170 |
10.15% to 10.65% |
10.55% to 11.05% |
Above up to 35 lakh
|
Credit Score |
Salaried |
Non Salaried |
|
>=825 |
8.5% to 9% |
8.8% to 9.3% |
|
>800 to 825 |
8.8% to 9.3% |
8.95% to 9.45% |
|
>775 to 799 |
9.2% to 9.7% |
9.8% to 10.3% |
|
>750 to <=775 |
9.35% to 9.85% |
10.15% to 10.65% |
|
> 725 to < =750 |
9.7% to 10.2% |
10.3% to 10.8% |
|
> 700 to <= 725 |
10.05 % to 10.55% |
10.75% to 11.25% |
|
>650 to <=700 |
10.45% to 10.95% |
10.95% to 11.45% |
|
Upto 650 |
10.45% to 10.95% |
10.95% to 11.45% |
|
NTC Cibil >=170 |
10.45% to 10.95% |
10.85% to 11.35% |
|
NTC Cibil <170 |
10.35 to 10.85% |
10.75% to 11.25% |
ICICI Bank provides special home loan interest rates which are customizable according to your credit score. It plays an important role in determining the interest applicable to your home loan which makes sure a fair and personalized lending.
|
Credit Score |
Salaried |
Self-Employed |
|
800 |
9.00% |
9.00% |
|
750-800 |
9.00% |
9.10% |
Standard Home Loan Interest Rates
|
Loan Slab |
Salaried |
Self-Employed |
|
Up to Rs 35 lakhs |
9.25% – 9.65% |
9.40% –
9.80% |
|
Rs 35 lakhs to Rs 75
lakhs |
9.50% – 9.80% |
9.65% – 9.95% |
|
Above Rs 75
lakhs |
9.60% – 9.90%
|
9.75% -10.05% |
HDFC Bank provides home finance interest rates starting from 8.60% per annum. These rates are applicable to home extension loans, balance transfer loans, home loans, and house renovation loans. It offers both adjustable-rate and fixed loans.
All interest rates are currently based on the 6.50% Policy Repo Rate.
Special Home Loan Rates for Salaried & Self-Employed (Professionals & Non-Professionals)
|
Loan Slab |
Interest Rates (%
p.a.) |
|
For All Loans
|
Policy Repo Rate + 2.25% to 3.15% = 8.75% to 9.65% |
Standard Home Loan Rates for Salaried Self-Employed (Professionals Non-Professionals
|
Loan Slab
|
Interest Rates (%
p.a.) |
|
For All
Loans |
Policy Repo Rate +
2.90% to 3.45% = 9.40% to 9.95% |
HDFC Banks’ rates may vary throughout the loan tenure.
This information of home loan interest rates for SBI, PNB, ICICI Bank, and HDFC Bank is provided just for information purposes only.
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