Bank Home Loan Rates in India
In India the bank home loan rates are no different than the share market situation where ups and downs are more common and fluctuation is what keeps it alive. In the past 4 years the loan rate has almost doubled it’s value and now slowly coming back to the ground reality! For EG: Loans which used to cost 6.75% became as expensive as 14.5% but now the good news is that it’s coming back to reality and through out the banks we have a rate of 9-10%, this is likely to go down in coming months with changing government policies. For your easy comparison we at loanindia.in have the current loan interest rates for major banks in India. (As on March 11, 2009).
Axis Bank - 9.75
Bank of Baroda - 9.25
Bank of India - 9.25
Bank of Maharashtra - 9.25
Canara Bank - 9.25
Central Bank of India - 9.25
Dena Bank - 9.25
Deutsche Bank - 11.25
HDFC - 9.75
HSBC Bank - 12
ICICI Bank - 9.75
IDBI Bank - 9.75
Indian Bank - 9.25
LIC Housing Finance - 8.75
Punjab National Bank - 9.25
State Bank of India (SBI) - 9.25
Union Bank of India - 9.25
Interest Rates may differ for Individuals and are based on changing market conditions.