As of 21-09-2021, housing loan interest rates range from 6.50 % to 20 %. You can take home loans at low-interest rates if you work with top companies or if you’re an existing bank customer. Presently, Kotak Mahindra Bank provides the lowest home loan interest rate of 6.50 %. Besides the interest rate, banks also charge processing fees as well as penalty fees for late payment, foreclosure, and pre-payment. Read below to check out the best bank for home loan in India.
Top 10 Home Loan Banks in India
I hope now you know about the best bank for home loan in india.
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| Banks | Lowest EMI/Lakh | Lowest Interest Rate (p.a.) | Processing Fees (exclusive of GST) |
| Kotak Mahindra Bank | Rs. 745 | 6.50% | Up to .50% + statutory dues |
| Punjab National Bank | Rs. 748 | 6.55% | Full waiver of documentation charges and upfront/processing fees from 01-09-2021 to 31-12-2021 |
| Punjab & Sind Bank | Rs. 754 | 6.65% | 0.15% – 0.25% of the loan amount (Maximum of Rs. 15000 and Minimum of Rs. 1000) |
| LIC Housing Finance | Rs. 755 | 6.66% | As applicable |
| State Bank of India | Rs. 757 | 6.70% | Zero processing fees |
| Tata Capital Housing Finance | Rs. 757 | 6.70% | Up to .5% of the total loan amount |
| HDFC Bank | Rs. 760 | 6.75% | Rs.3000 for loans between 17-05-2021 and 30-09-2021 |
| ICICI Bank | Rs. 760 | 6.75% | 0.50% – 2% of the loan amount or Rs. 1500 (Rs.2000 for Bangalore, Delhi, and Mumbai), whichever is higher |
| Bajaj Finserv | Rs. 760 | 6.75% | Up to 6.00% of loan amount |
| Bank of Baroda | Rs. 760 | 6.75% | 0.25% – 0.50% of loan amount (Min. Rs. 8,500 & Max. Rs. 25,000) |
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Read more: What documents are required to apply for a home loan? What is processing fee for home loan? How to reduce EMI of existing house loan?Your Feedback Matters! How was this Answer?
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Authors Of The Question
What are the best banks for home loans?
Manveer
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3 Year
2021-09-21T17:14:21+00:00 2021-09-22T13:12:45+00:00Comment
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