HOME LOAN INTEREST RATE COMPARISION OF DIFFERENT BANK JUNE 2017 , Linked to MCLR rate

Bank Name
Home Loan Interest Rates*
Lowest EMI per lakh for Max Tenure
Reference websites
State Bank of India
8.35% - 8.60%
Floating rate linked to 1 Year MCLR - 8.00%
Rs. 758 for 30 Years
https://www.sbi.co.in/


Bank of India
8.35% - 9.35%
Floating rate linked to 1 Year MCLR - 8.35%
Rs. 758 for 30 Years
www.bankofindia.co.in/


IDBI Bank      
8.35%
Floating rate linked to 3 Month MCLR - 8.30%
Rs. 758 for 30 Years
https://www.idbi.com/
Union Bank of India
8.50% - 8.65%
Floating rate linked to 1 Year MCLR - 8.40%
Rs. 768 for 30 Years
http://www.unionbankofindia.co.in
Indian Bank      
9.65% - 9.90%
Floating rate linked to 1 Year MCLR - 8.50%
Rs. 942 for 20 Years
https://www.indianbank.net.in
Dena Bank
8.55% - 8.80%
Floating rate linked to 1 Year MCLR - 8.60%
Rs. 809 for 25 Years
www.denabank.co.in/
OBC      
8.60% - 8.70%
Floating rate linked to 1 Year MCLR - 8.50%
Rs. 812 for 25 Years
https://www.obconline.co.in
Central Bank of India      
8.50%
Floating rate linked to 1 Year MCLR - 8.40%
Rs. 769 for 30 Years
https://www.centralbank.net.in
Bank of Maharashtra      
8.75% - 8.85%
Floating rate linked to 1 Year MCLR - 8.75%
Rs. 787 for 30 Years
www.bankofmaharashtra.in
Corporation
8.85% - 9.10%
Floating rate linked to 1 Year MCLR - 8.75%
Rs. 794 for 30 Years

Allahabad  Bank
8.65% - 9.15%
Floating rate linked to 1 Year MCLR - 8.50%
Rs. 877 for 20 Years

PNB      
8.55% - 8.65%
Floating rate linked to 1 Year MCLR - 8.35%
Rs. 772 for 30 Years

United Bank of India      
9.55%
Floating rate linked to 1 Year MCLR - 8.75%
Rs. 845 for 30 Years

Canara Bank
8.65% - 8.75%
Floating rate linked to 1 Year MCLR - 8.40%
Rs. 780 for 30 Years

Vijaya Bank      
8.90%
Floating rate linked to 1 Year MCLR - 8.65%
Rs. 797 for 30 Years

Bank of India      
8.65% - 8.70%
Floating rate linked to 1 Year MCLR - 8.40%
Rs. 780 for 30 Years

Andhra Bank      
9.65% - 9.90%
Floating rate linked to 1 Year MCLR - 8.65%
Rs. 852 for 30 Years

Indian Overseas Bank      
8.65% - 9.15%
Floating rate linked to 1 Year MCLR - 8.55%
Rs. 780 for 30 Years

UCO Bank
8.60% - 8.85%
Floating rate linked to 1 Year MCLR - 8.60%
Rs. 776 for 30 Years

Punjab and Sind Bank      
8.75% - 9.00%
Floating rate linked to 1 Year MCLR - 8.75%
Rs. 787 for 30 Years

Syndicate Bank
8.75%
Floating rate linked to 1 Year MCLR - 8.75%
Rs. 787 for 30 Years

HDFC      
8.40% - 9.05%
Floating rate linked to PLR - 16.15%
Rs. 762 for 30 Years

ICICI Bank      
8.35% - 8.85%
Floating rate linked to 1 Year MCLR - 8.20%
Rs. 758 for 30 Years

Axis Bank      
8.35% - 8.70%
Floating rate linked to 6 Month MCLR - 8.15%
Rs. 758 for 30 Years

PNB Housing Finance      
8.50%
Floating rate linked to PLR - 14.35%
Rs. 769 for 30 Years

Federal Bank      
9.00% - 9.25%
Floating rate linked to 1 Year MCLR - 8.90%
Rs. 805 for 30 Years

LIC Housing
8.50% - 8.90%
Floating rate linked to PLR - 14.20%
Rs. 769 for 30 Years

Citibank      
8.60%
Floating rate linked to 3 Month MCLR - 8.10%
Rs. 812 for 25 Years

Standard Chartered Bank      
8.90%
Floating rate linked to 3 Month MCLR - 8.75%
Rs. 893 for 20 Years

DBS Bank      
8.70% - 8.90%
Floating rate linked to 3 Month MCLR - 7.95%
Rs. 881 for 20 Years

DHFL      
8.60% - 9.75%
Floating rate linked to PLR - 18.30%
Rs. 776 for 30 Years

Jammu And Kashmir Bank
8.65% - 9.00%
Floating rate linked to 1 Year MCLR - 8.90%
Rs. 994 for 15 Years

South Indian Bank      
9.10%
Floating rate linked to 1 Year MCLR - 9.10%
Rs. 812 for 30 Years

Repco Home Finance
9.60% - 11.50%
Floating rate linked to PLR - 16.00%
Rs. 939 for 20 Years

IIFL
9.40% - 9.55%
Floating rate linked to PLR - 17.50%
Rs. 834 for 30 Years

RBL Bank
10.30% - 11.55%
Floating rate linked to 1 Year MCLR - 9.60%
Rs. 930 for 25 Years

Catholic Syrian Bank
10.25% - 10.50%
Floating rate linked to 1 Year MCLR - 10.10%
Rs. 982 for 20 Years

Union Bank of India
8.60% - 8.65%
Floating rate linked to 1 Year MCLR - 8.40%
Rs. 776 for 30 Years

HSBC Bank
8.85%
Floating rate linked to 1 Year MCLR - 7.85%
Rs. 829 for 25 Years

Tamilnad Mercantile Bank
10.30% - 10.80%
Floating rate linked to 1 Year MCLR - 9.45%
Rs. 900 for 30 Years

GIC Housing Finance      
10.25%
Floating rate linked to PLR - 15.00%
Rs. 982 for 20 Years

Edelweiss      
10.50% - 10.90%
Floating rate linked to PLR - 17.50%
Rs. 944 for 25 Years

Kotak Bank
8.60%
Floating rate linked to 1 Year MCLR - 8.90%
Rs. 874 for 20 Years

Dhan Laxmi Bank
10.10% - 10.35%
Floating rate linked to 1 Year MCLR - 9.90%
Rs. 972 for 20 Years

Karnataka Bank
9.50% - 9.75%
Floating rate linked to 1 Year MCLR - 8.90%
Rs. 841 for 30 Years

Deutsche Bank
9.45%
Floating rate linked to 1 Year MCLR - 9.30%
Rs. 929 for 20 Years

Indiabulls      
8.35% - 8.85%
Floating rate linked to PLR - 17.05%
Rs. 758 for 30 Years

Reliance Capital
10.00% - 11.75%
Floating rate linked to PLR - 18.00%
Rs. 878 for 30 Years

City Union
9.90% - 11.60%
Floating rate linked to 6 Month MCLR - 9.15%
Rs. 1,069 for 15 Years

IDFC Bank
8.70% - 8.75%
Floating rate linked to 6 Month MCLR - 8.35%
Rs. 783 for 30 Years

Yes Bank
9.35% - 10.50%
Floating rate linked to 1 Year MCLR - 8.90%
Rs. 863 for 25 Years

LT Housing Finance
9.90% - 10.75%
Floating rate linked to PLR - 17.35%
Rs. 870 for 30 Years

Lakshmi Vilas Bank
9.85%
Floating rate linked to 1 Year MCLR - 9.50%
Rs. 955 for 20 Years

Karur Vysya Bank      
9.90%
Floating rate linked to 1 Year MCLR - 9.35%
Rs. 902 for 25 Years

Development Credit Bank
10.48% - 11.35%
Floating rate linked to 1 Year MCLR - 9.98%
Rs. 997 for 20 Years







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Documents Required For Home Loan:
·         Proof of identity (any of the following)
a.       Passport
b.       PAN Card
c.        Employee identity card
d.       Any other valid proof
·         Proof of address (any of the following)
a.       Electricity bill
b.       Telephone bill
c.        Aadhar
d.       Any other valid proof
·         PAN Card
·         Last 12 months bank statement
·         Proof of income
a.       For salaried class
                                                         i.            Last one year ITR
                                                        ii.            Form-16/ letter from Employer
                                                      iii.            Last 6 months salary slip
b.       b. For business class
                                                         i.            Last three years ITR
                                                        ii.            P and L Balance sheet
c.        Agriculturists
                                                         i.            Income certificate from concerned revenue officer (Tahsildar)
                                                        ii.            Proof of land holding

·         Property papers
·          
a.       Allotment letter
b.       Advance money receipt
c.        Title Deed

·         3 photographs
·         Proof of out-goes
a.       Loan repayment statement, if any
b.       LIC Policies, if any
c.        Valid proof of any other out-go
d.        
·         Additional document required for NRI
                  Copy of Visa stamped on the passport
                  Latest work permit
                  Employment contract (if the contract is in any language other than English, the same has
                  to  be translated into English and attested by Employer/Indian Embassy)


#* Any other document required as per the application and norms of individual banks.
This details is only for reference purposes.
Processing charges and Others charges:
NIL Processing Charges: UNION BANK OF INDIA, LIC HOUSING, IDBI,UNITED BANK OF INDIA ,ALLAHABAD BANK,KOTAK BANK,VIJOYA BANK ,OBC,PNB.

0.25 % to 1.25 % or More plus Tax: all others Banks are charges processing charges between o.25 to 1.25 % of loan amount.





*#@Please note that the interest rates given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.
Banks/ Financial Institutions can contact us at 
agrifinproject@gmail.com for inclusions or updates.


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