Home loan interest rates of top bank in 2023

Home Loan Interest Rates of All Banks in India – 2023

This list is comprehensive and updated for home loan interest rates you can expect in the year 2023.

Home Loan Interest Rates All Banks 2023 in India

BanksInterest RatesMonthly EMI for 30L Loan for 10Years (Minimum Amount)
Bank of Baroda8.90% p.a. onwards₹ 37,840.56
Bank of India8.85% p.a. onwards₹ 37,759.62
Bank of Maharashtra8.60% p.a. onwards₹ 37,356.35
Canara Bank9.25% p.a. onwards₹ 38,409.82
Central Bank of India8.55% p.a. onwards₹ 37,275.98
Citibank6.50% p.a. onwards₹ 34,064.39
Kotak Mahindra Bank8.85% p.a. onwards₹ 37,759.62
Karur Vysya Bank8.95% p.a. onwards₹ 37,921.60
Union Bank of India8.65% p.a. onwards₹ 37,436.81
State Bank of India8.85% p.a. onwards₹ 37,759.62
HDFC Home Loans8.65% p.a. onwards*₹ 37,436.81
LIC Housing Finance8.45% p.a. onwards₹ 37,115.53
Axis Bank8.75% p.a. onwards₹ 37,598.03
Punjab and Sind Bank8.60% p.a. onwards₹ 37,356.35
Punjab National Bank8.55% p.a. onwards₹ 37,275.98
IDFC First Bank8.75% p.a. onwards₹ 37,598.03
Indian Bank9.35% p.a. onwards₹ 38,573.31
Indian Overseas Bank9.30% p.a. onwards₹ 38,491.52
UCO Bank8.75% p.a. onwards₹ 37,598.03
IDBI Bank8.75% p.a. onwards₹ 37,598.03
HSBC Bank8.35% p.a. onwards₹ 36,955.47
Saraswat Bank Home Loan8.60% p.a. onwards₹ 37,356.35
Jammu and Kashmir Bank8.00% p.a. onwards₹ 36,398.28
South Indian Bank9.80% p.a. onwards₹ 39,313.72
PNB Housing Finance Limited8.75% p.a. onwards₹ 37,598.03
Federal Bank9.90% p.a. onwards₹ 39,479.28
Standard Chartered Bank8.40% p.a. onwards₹ 37,035.45
Karnataka Bank8.67% p.a. onwards₹ 37,469.02
Sundaram Home Finance8.75% p.a. onwards₹ 37,598.03
Tata Capital8.95% p.a. onwards₹ 37,921.60
Yes Bank8.95% p.a. onwards₹ 37,921.60
Indiabulls8.95% p.a. onwards₹ 37,921.60
Aditya Birla8.50% p.a. onwards₹ 37,195.71
Reliance Home Finance9.75% p.a. onwards₹ 39,231.07
Shriram Housing9.50% p.a. onwards₹ 38,819.27
RBL Bank8.70% p.a. onwards₹ 37,517.37
LIC Housing Finance8.65% p.a. onwards₹ 37,436.81
Federal Bank10.1% p.a. onwards₹ 39,811.53
Tata Capital8.95% p.a. onwards₹ 37,921.60
Indian Overseas Bank9.55% p.a. onwards₹ 38,901.44
Tamilnad Mercantile Bank Ltd.8.4% p.a. onwards₹ 37,035.45
Nainital Bank8.4% p.a. onwards₹ 37,035.45
IndusInd Bank8.60% p.a. onwards₹ 37,356.35
Dhanlaxmi Bank8.50% p.a. onwards₹ 37,195.71

You will come across many questions while availing of a home loan like what exactly is a home loan, which bank has the lowest home loan interest, and so on. These answers will help you while availing of a home loan.

What is the home loan interest rate?

Home loan interest rate is an important figure if you are planning to avail it for purchasing a home. Interest rate is the percentage of the principal amount charged by the lender to the borrower for using the principal amount.

Your monthly EMI is calculated based on the interest rate levied on the principal amount you borrowed to purchase a home. Home loan interest rates vary according to the bank from where you are applying. Currently, the lowest interest rate you can expect is 6.69%.

Which Bank has the lowest home loan interest rate?

Currently, City bank is offering the lowest interest rate.

Which bank is best for home loans?

One of the highly regarded banks for availing of home loans is the State Bank of India. You can even apply for loans from other reputed banks like HDFC, ICICI, and more.

How much loan can I get on Rs 60,000 per month salary?

You can expect a total home loan amount of somewhere at Rs 40 Lakh. This amount you can confirm this once from the Bank.

What is the EMI for a Rs 20 lakh home loan?

All EMIs are calculated at an interest rate of 6.8%. You can expect an EMI of Rs. 39, 414 for 5 Years tenure. An EMI of Rs. 23,016 for 10 years tenure. An EMI of Rs. 17,754 for 15 years tenure. An EMI of Rs. 15,267 for 20 years tenure. An EMI of Rs. 13,881 for 25 years tenure. An EMI of Rs. 13,039 for 30 years tenure.

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