2024 Home Loan Interest Rates in India: Top Banks, Rates & Eligibility
Home Loan Interest Rates in India 2024: Top Banks & More: If you are considering purchasing an individual house or flat this year, you have come to the right place to discover the interest rates offered by various financial institutions in India for the year 2024. The interest rate plays a pivotal role in determining the feasibility of acquiring a flat or house in your lifetime. It is crucial to thoroughly research and gather all pertinent information on this subject before making a final decision. Good luck on this significant endeavor! Let’s explore the latest interest rates provided by Public Sector and Private banks, as well as financial institutions in India as of 2024.
2024 Top Banks for Home Loan Interest Rates – Find the Best Rates!
SBI Bank Home Loan Interest Rate 2024
The State Bank of India offers competitive interest rates starting from 8.50% per annum for various loan products. Additionally, there is a processing fee of 0.35% of the loan amount, plus GST, which is applicable at the time of availing the loan.
Bank of Baroda Home Loan Interest Rate 2024
Bank of Baroda offers attractive interest rates starting at 10.15% per annum, ensuring competitive returns for your investments. Moreover, there are no processing fees involved, and the upfront fee is discounted to provide you with cost-effective financial solutions tailored to your needs.
PNB Bank Home Loan Interest Rate 2024
Punjab National Bank offers competitive interest rates starting from 9.40% per annum onwards, ensuring attractive returns on your investments. Additionally, the bank charges no processing fees, making it a cost-effective option for managing your finances.
Bank of India Home Loan Interest Rates 2024
The Bank of India offers competitive interest rates starting at 8.30% per annum and requires no minimum deposit to open an account.
HDFC Bank Home Loan Interest Rates 2024
HDFC Home Loans offers competitive interest rates starting from 8.70% per annum, ensuring affordability for potential homeowners. Additionally, customers can benefit from a processing fee of up to 0.50% or Rs.3000, whichever amount is higher. It is important to note that a minimum retention of 50% or Rs.3000, again whichever is higher, is required for availing these advantageous home loan terms.
ICICI Bank Home Loan Interest Rates 2024
House loans from ICICI Bank can be availed at an attractive interest rate of 8.75% per annum for a maximum tenure of 30 years. Customers with salary accounts are eligible for quick pre-approved house loan approvals, while existing home loan borrowers from other lenders can benefit from transferring their balance to ICICI Bank for reduced interest rates on home loans.
Axis Bank Home Loan Interest Rates 2024
Axis Bank offers an attractive interest rate starting from 8.75% per annum on its various financial products, ensuring competitive returns for its customers. Additionally, customers may be subject to a processing fee of up to 1% or a minimum of Rs.10,000 plus GST, providing transparent information regarding potential costs associated with their services.
Kotak Mahindra Bank Home Loan Interest Rate 2024
Kotak Mahindra Bank offers competitive interest rates starting from 8.70% per annum. For salaried individuals, the processing fee is 0.5% plus applicable taxes, while self-employed or commercial clients are subject to a processing fee of 1.0% plus taxes.
Bajaj Housing Finance Home Loan Interest Rates 2024
Bajaj Housing Finance presents appealing Home Loan interest rates that kick off at 8.50%* p.a. for employed individuals. Customers can also benefit from obtaining a substantial approval with minimal paperwork, swift processing, and immediate loan endorsement.
Union Bank of India Home Loan Interest Rates 2024
Union Bank of India offers competitive interest rates starting from as low as 8.35% per annum on their loans. Additionally, they charge a processing fee of just 0.50% of the loan amount, making their financial products not only attractive but also affordable for potential borrowers.
Central Bank of India Home Loan Interest Rate 2024
Union Bank of India offers competitive interest rates starting from as low as 8.35% per annum on their loans. Additionally, they charge a processing fee of just 0.50% of the loan amount, making their financial products not only attractive but also affordable for potential borrowers.
LIC Housing Finance Home Loan Interest Rate 2024
LIC Housing Finance offers competitive interest rates starting from 8.35% per annum. The processing fee for loans up to Rs.1 crore is calculated at 0.25% of the loan amount, capped at Rs.15,000 plus GST. Clients seeking amounts exceeding Rs.1 crore but not exceeding Rs.2 crore will incur a flat fee of Rs.20,000 plus GST. Similarly, for loans falling between Rs.2 crore and Rs.5 crore, a processing fee of Rs.25,000 plus GST is applicable. Larger loan amounts ranging from Rs.5 crore to Rs.15 crore will be subject to a processing fee of Rs.50,000 plus GST.
Canara Bank Home Loan Interest Rate 2024
Categories of advance including Housing Loan offer a range of interest rates on contracted loans, effective from April 1, 2024. This range spans from 8.40% to 11.75%, providing borrowers with options based on their financial needs and circumstances. The mean rate for these loans is calculated at 9.35%, ensuring that borrowers have a clear understanding of the average interest they might expect to pay.
Punjab and Sind Bank Home Loan Interest Rate 2024
Punjab and Sind Bank offers home loans starting at 8.50% p.a. The processing fee is 0.15% of the loan amount with a minimum of Rs.1,000 and a maximum of Rs.3,750. For loans above Rs.25 lakh and up to Rs.50 lakh, the fee is 0.25% capped at Rs.12,500. For loans above Rs.50 lakh but less than Rs.75 lakh, the fee is capped at Rs.15,000. Loans of Rs.75 lakh and above incur a processing fee of 0.25% of the loan amount.
IDFC First Bank Home Loan Interest Rate 2024
IDFC First Bank is offering an attractive interest rate starting from 8.75% per annum, making it a competitive option for individuals seeking financial assistance. Additionally, the bank allows borrowers to avail of a loan amount of up to 3% of the overall loan amount, providing flexibility and convenience in managing their financial needs.