home loan interest rate all bank : In this article we will provide you information about Home Loan Interest Rates of all Banks 2022. If you are taking home loan from any bank and you are not aware about the interest rates of that loan then this article is for you.
Before taking a loan from any bank, it is very important for us to know about the interest rate of that home loan. Before taking a home loan, it is important to know about the home loan interest rate.
If you do not have information about the interest rate of home loan, then you may have to face trouble at the time of loan repayment. home loan interest rate 2022 Along with this, in this article, we will also provide you information about the processing fee charged on that loan. That’s why you are requested to read this article till the end.
Home Loan Interest Rate All Bank in Hindi
Here we will give you information about the home loan interest rate of all the banks. You can compare all the interest rates and apply for the lowest interest rate home loan. If you are an existing customer of a bank and your income and your CIBIL score are high, then you can take advantage of attractive interest rates of that bank.
Under the Pradhan Mantri Awas Yojana, you can also get a home loan subsidy of Rs 2.67 lakh from the central government by taking a home loan from these banks. The interest rate keeps changing from time to time, so keep checking the interest rate from time to time even by visiting the official website of the bank.
As friends, you know that home loan is a secured loan, to get it, you have to pledge something to the lender.
Home loan interest rate 2022 of all banks
of all banks Home Loan Interest Rates 2022 Given here, along with information about the processing fee of that loan, you can see it:
| Name of bank | interest rate (pa) | processing fee |
|---|---|---|
| SBI Bank | 8.05% | 0% – 0.35% |
| Central Bank of India | 6.85% | Rs. 20,000 |
| Kotak Mahindra Bank | 6.60% | 0.50% |
| HDFC bank | 6.70% | 0.50%, Min ₹ 3,000, Max ₹ 10,000 |
| Union Bank of India | 6.60% | 0.50% of the loan amount + GST, subject to a maximum of Rs.15,000 |
| Bank Of Baroda | 6.50% | Min ₹ 7,500 |
| City Bank | 6.65% | Rs. 10,000 |
| axis Bank | 6.66% | 0.20% , Min ₹ 10,000, Max ₹ 25,000 |
| Canara Bank | 6.90% | Rs. 1,500 – Rs. 10,000 |
| Bandhan Bank | 6.40% | 1% (Rs.5,000) |
| Punjab And Sind Bank | 6.50% | full discount |
| Bank of Maharashtra | 6.40% | Rs. 10,000 |
| Bank of India | 6.95% | Rs. 1,500 – Rs. 20,000 |
| Indian Overseas Bank | 7.05% | 0.50% (Max. Rs. 20,000) |
| Tata Capital | 6.85% | 0.50% |
| United Bank of India | 8.00% | 0.59% (Rs. 1,180 – Rs. 11,800) |
| Aditya Birla | 9% | Up to 1% of the loan amount |
| UCO Bank | 6.90% | 0.15% (Rs. 1,500 – Rs. 15,000) |
| DBS Bank | 7.30% | 0.25% (Rs. 10,000) |
| Bajaj Finserv | 6.65% | 0.35% |
| IDBI Bank | 6.75% | 0.50% (Rs. 2,500 – Rs.5,000) |
| ICICI Bank | 6.70% | up to 1.00% |
| hsbc bank | 6.45% | 1% (Rs. 10,000) |
| Karur Vysya Bank | 7.15% | Rs. 5,000 |
| IDFC Bank | 6.70% | Up to 3% of the loan amount |
| Saraswat Bank | 7.25% | Nill |
| indusind bank | 8% | 0.50% of the loan amount |
| Jammu and Kashmir Bank | 7.20% | Rs. 500 – Rs. 10,000 |
| PNB Bank | 6.75% | 0.35% of the loan amount |
| South Indian Bank | 7.85% | 0.50% (Rs. 5,000 – Rs. 10,000) |
| RBL Bank | 9.50% | Up to 1.50% of the loan amount |
| Federal Bank | 7.65% | Rs. 3,000 – Rs. 7,500 |
| standard Chartered Bank | 6.99% | 1% |
| housing financiers | 8.00% | 1.00% |
| Dhanlaxmi Bank | 7.85% | Rs. 10,000 |
| Sundaram Finance | 6.95% | Rs.3,000 (for salaried) |
| Karnataka Bank | 7.50% | Rs. 250 |
| Indiabulls | 7.60% | 2% |
| HUDCO | 9.25% | NA |
| Yes Bank | 6.70% | 1% (Rs. 10,000) |
| DHFL | 10.50% | Rs. 2500 |
| IIFL | 8.70% | 1.25% |
| India Shelter | 13% to 20% | 2.00% |
| Shriram Finance | 8.90% | NA |
| reliance | 9.75% | Rs. 3,000 – Rs. 6,500 |
| GIC | 7.24% | Rs. 2,500 |
How to calculate home loan interest rate?
By visiting the official website of the bank from which you are taking the home loan, you can calculate the home loan rate of interest with the help of home loan calculator. Before taking a home loan, you should calculate the interest on that loan so that you do not face any problem while paying EMI (Equated Monthly Installment).
To calculate the interest rate, you need to enter the following information in the home loan EMI calculator:
- home loan amount
- loan repayment period
- Rate of interest
After entering all the information given in the home loan EMI calculator, you have to click on Calculator. After clicking, the information will appear in front of you.
Alternatively this formula of EMI EMI = [P x r x (1+r)^n],[(1+r)^n-1] You can also calculate the interest rate using This includes:
- P is Principal
- r is rate of interest
- n is number of installments or loan tenure in months
Types of Home Loan Interest Rates
Home Loan Interest Rates are of two main types. Many banks provide home loans at both these interest rates. Some of the types of home loan interest rates are as follows:
- Fixed Interest Rate
- Floating Interest Rate
Fixed Interest Rate:
This interest rate remains constant during the loan tenure. There is no change in the interest rate as it remains constant. In this interest rate, your loan is protected from frequent fluctuations.
If this interest rate has advantages, then it also has disadvantages. If the interest rate falls, then you will not get the benefit because your loan is taken at a fixed rate of interest.
Floating Interest Rate:
This interest rate is opposite to Fixed Interest Rate. In this, the interest rate does not remain constant, rather it fluctuates from time to time. In this, the interest rate is linked to the bank’s latest published rate, which depends on many factors like RBI’s monetary policy and lending rate revision, bank’s response to the revision, etc.
The biggest advantage of Floating Interest Rate is that if the interest rate falls, then your interest charges are less because it is based on the latest rate. But the disadvantage is that if interest rates go up, your interest charges also increase.
Conclusion
In this article we have you Home Loan Interest Rates 2022 Complete information about has been provided. You can calculate the interest rate of various banks by reading this article completely. You can apply for the home loan of the bank whose home loan interest rate you find low.
To see the latest interest rate, keep visiting our website Loan Online from time to time as we update the interest rate instantly on this page.
FAQ:
When we take a loan to build a house, buy a house or renovate a house, it is a home loan. With the help of home loan, we can fulfill our dream of owning a house.
In this article, a comparison has been made between the home loans of all the banks. By reading these, you can find out which bank is offering the cheapest home loan.