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Who has the lowest home loan rates?

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0 2021-12-30T14:11:18+00:00

While applying for a home loan, it is important to look at the interest rates provided by each bank to analyze and determine which one is the best to go to. These days, banks and financial institutions offer various schemes and discounts to apply for a home loan with them. So how do you know which are home loan lowest interest rate banks? You can do that by reading my answer. I get around 5 calls everyday from different banks offering home loans and all sorts of loans. Since I am interested in buying a house 2 years down the line, I was looking for this information. So here you go!

Lowest home loan rates in India 2021-2022
Banks Starting Interest Rate (p.a.) Processing Fees

Kotak Mahindra Bank

6.55%

0.50%

Bank of Baroda

6.50%

Rs. 8,500 - Rs. 25,000

Bank of India

6.85%

Rs. 1,500 - Rs. 20,000

State Bank of India

6.75%

0% - 0.35%

HDFC LTD

6.70%*

Rs. 3,000 - Rs. 5,000(plus taxes)*

LIC Housing Finance

6.90%

Rs. 10,000 -Rs. 15,000

Axis Bank

6.90%

Rs. 10,000

Canara Bank

6.90%

Rs. 1,500 - Rs. 10,000

Punjab National Bank

6.50%

0.35% (Max Rs. 15,000)

IDBI Bank

6.75%

0.50% (Rs. 2,500 - Rs.5,000)

HSBC Bank

6.64%

1% (Rs. 10,000)

Karur Vysya Bank

7.20%

Rs. 5,000

Tata Capital

6.90%

0.50%

Yes Bank

8.95%

1% (Rs. 10,000)

I think this should give you an idea about

who has the lowest home loan rates. 

Before applying for a home loan with any bank, you must consider that banks looks at a few criteria before deciding whether to give you a home loan or not. The factors considered include: 

  • Age 

  • Credit worthiness

  • Previous loans

  • Property worth

  • Residency status

I hope this gives you enough information on

home loan lowest interest rate banks.

Apply for home loan with best deals via NoBroker Home Loan Services Read more: How to apply for home loan in HDFC How to apply for home loan in SBI How to apply LIC Home loan
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