5 Most Affordable Home Loans in India: Compare SBI, PNB and Canara Bank rates here
City Union Bank, Union Bank of India, Bank of Maharashtra, and LIC Housing Finance are offering the most affordable entry-level home loans.
A home loan makes your journey of owning a home easy. Since home loans are high amount, a majority of people don't have the capacity of buying a home in one-go. They depend on home loans of durations 20 years and above. Banks, public as well private, and housing finance companies offer home loans at different interest rates. Lenders have categorised loans broadly in three categories- up to Rs 30 lakh, above Rs 30 lakh and up to 75 lakh, above Rs 75 lakh. Know which banks are offering the cheapest home loans (Data taken from paisabazaar.com).
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8.25%
City Union Bank is offering the cheapest hopme loan in the range at 8.25%.
Up to 30 lakh- 8.25% to 9.50%
Above Rs 30 lakh and up to Rs 75 lakh- 8.45%-9.80%
Above Rs 75 lakh- 8.45%-9.80%
8.35%
Union Bank of India
Up to 30 lakh- 8.35%-10.75%
Above Rs 30 lakh and up to Rs 75 lakh- 8.35%-10.90%
Above Rs 75 lakh- 8.35%-10.90%
Bank of Maharashtra
Up to 30 lakh- 8.35%-11.15%
Above Rs 30 lakh and up to Rs 75 lakh- 8.35%-11.15%
Above Rs 75 lakh- 8.35%-11.15%
LIC Housing Finance
Up to 30 lakh- 8.35%-10.35%
Above Rs 30 lakh and up to Rs 75 lakh- 8.35%-10.55%
Above Rs 75 lakh- 8.35%-10.75%
8.40%
Bank of India
Up to 30 lakh- 8.40%-10.85%
Above Rs 30 lakh and up to Rs 75 lakh- 8.40%-10.85%
Above Rs 75 lakh- 8.40%-10.85%
Indian Overseas Bank
Up to 30 lakh- 8.40%-10.60%
Above Rs 30 lakh and up to Rs 75 lakh- 8.40%-10.60%
Above Rs 75 lakh- 8.40%-10.60%
8.45%
Punjab National Bank
Up to 30 lakh- 8.45%-10.25%
Above Rs 30 lakh and up to Rs 75 lakh- 8.40%-10.15%
Above Rs 75 lakh- 8.40%-10.25%
UCO Bank
Up to 30 lakh- 8.45%-10.30%
Above Rs 30 lakh and up to Rs 75 lakh- 8.45%-10.30%
Above Rs 75 lakh- 8.45%-10.30%
Central Bank of India
Up to 30 lakh- 8.45%-9.80%
Above Rs 30 lakh and up to Rs 75 lakh- 8.45%-9.80%
Above Rs 75 lakh- 8.45%-9.80%
HSBC Bank
Up to 30 lakh- 8.45% onwards
Above Rs 30 lakh and up to Rs 75 lakh- 8.45% onwards
Above Rs 75 lakh- 8.45% onwards
8.50%
State Bank of India
Up to 30 lakh- 8.50%-9.85%
Above Rs 30 lakh and up to Rs 75 lakh- 8.50%-9.85%
Above Rs 75 lakh- 8.50%-9.85%
Canara Bank
Up to 30 lakh- 8.50%-11.25%
Above Rs 30 lakh and up to Rs 75 lakh- 8.45%-11.25%
Above Rs 75 lakh- 8.40%-11.15%
Punjab and Sind Bank
Up to 30 lakh- 8.50%-10.00%
Above Rs 30 lakh and up to Rs 75 lakh- 8.50%-10.00%
Above Rs 75 lakh- 8.50%-10.00%
Karnataka Bank
Up to 30 lakh- 8.50%-10.62%
Above Rs 30 lakh and up to Rs 75 lakh- 8.50%-10.62%
Above Rs 75 lakh- 8.50%-10.62%
Bajaj Housing Finance
Up to 30 lakh- 8.50% onwards
Above Rs 30 lakh and up to Rs 75 lakh- 8.50% onwards
Above Rs 75 lakh- 8.50% onwards
PNB Housing Finance
Up to 30 lakh- 8.50%-14.50%
Above Rs 30 lakh and up to Rs 75 lakh- 8.50%-14.50%
Above Rs 75 lakh- 8.50%-11.45%