Buying a house in India is no more an easy job. It requires a lot of paper work and huge sums of money. But many banks and NBFCs offer attractive home loan to their customers. By taking a home loan, a person can fulfill his/her dream of putting a roof over their head. By taking home loan, one can easily get a house of their dreams without facing much financial crunches. Banks and NBFCs offer to pay back the loan via EMIs.
The home loan EMIs are formed on three factors: home loan principal amount, tenure & interest rate.
Banks and NBFCs offer two types of interest rates to its customers: fixed interest rate and floating interest rate. The loan borrower can choose any one as per his/her requirements. The interest rate on home loans starts from 8.35%* onwards.
Following is a list of personal loan interest rates offered by various banks and NBFCs in India:
|Bank/NBFC Name||Interest Rate*|
|Aadhar Housing Ltd.||11% Onwards|
|Aditya Birla Home Finance Ltd.||8.55% Onwards|
|Axis Bank Ltd.||8.65% Onwards|
|Capital First Home Fin Ltd.||8.60% Onwards|
|Citi Bank||8.35% Onwards|
|DBS Bank Ltd.||8.25% Onwards|
|DCB Bank Ltd.||10.48% Onwards|
|Deutsche Bank||9.35% Onwards|
|Dewan Housing Finance Ltd.||9.35% Onwards|
|DMI Housing Finance Pvt. Ltd.||12.75% Onwards|
|Edelweiss Housing Finance Ltd.||10.50% Onwards|
|Fedbank Financial Services Ltd.||8.95% Onwards|
|Fullerton India Housing Fin. Ltd.||8.50% Onwards|
|HDFC Bank Ltd.||8.35% Onwards|
|HSBC Ltd.||8.65% Onwards|
|ICICI Bank Ltd.||8.35% Onwards|
|IIFL (India Infoline Finance Ltd.)||9.55% Onwards|
|Indiabulls Housing Finance Ltd. (IBHFL)||8.35% Onwards|
|L & T Finance Ltd.||9.90% Onwards|
|Magma Housing Fin. Ltd.||8.50% Onwards|
|PNB Housing Finance Ltd.||8.50% Onwards|
|Reliance Home Finance Ltd.||10% Onwards|
|Religare Housing Dev. Fin. Serv. Ltd||12% Onwards|
|Standard Chartered Bank||8.55% Onwards|
|Shriram Housing Finance Ltd.||15% Onwards|
|Tata Capital Housing Finance Ltd.||8.70% Onwards|
*The above mentioned statistics are as of March 2018. These can change as per the bank/NBFCs policy terms and the loan borrower’s profile.
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