Published On: Fri, Mar 31st, 2017

Housing Finance touches lowest rates in last ten years

homeloanBy Accommodation Times Bureau

Banks are flushed with funds and RBI is continuously asking them to lend it to priority sector, which makes them compulsory to lend to retail customers. Last Union Budget also announced a subsidy to Middle Income Group Subsidy and on affordable housing lending. Actually, housing finance market was down because banks were not interested in retail loan portfolios because  costs are high to not only market the product but also in process. NPAs were increasing and no bank wants to enhance figures of NPA beyond industry standard of 2%.


Bank Name Home loan interest rates Processing Fee
Aditya Birla Housing Finance
Aditya Birla Housing Finance Home loan
8.65% to 8.89% ? 0
Aspire Home Finance Corporation Limited
Aspire Home Finance Corporation Limited
14.00% 2%
Au Housing Finance
Au Housing Finance
12.50% to 17% 2%
Axis Bank
Axis Bank Home loan
8.65% to 11.75% 0.5% (min. ?10,000)
DBS Bank
DBS Bank
8.50% to 8.55% ? 0
Dena Bank
Dena Bank
8.60% to 8.85% 0.5%
Federal Bank
Federal Bank
9.59% to 9.84% 0.5% (min. ?8,625)
Gruh Finance Limited
Gruh Finance Limited
10.67% 1%
HDFC LTD Bank Home loan
8.50% to 8.55% Up to 0.5% (max. ?11,500)
ICICI Bank Home loan
8.70% to 8.85% 0.5% (min. ?11,500)
Indiabulls Home loan
8.70% to 10.05% Up to 0.5%
 India Shelter Finance
India Shelter Finance Home loan
11.75% 2% to 3%
J&K bank
Jammu and Kashmir Bank
8.8% to 9.15% 0.25% (max. of ? 10,000)
Oriental bank of Commerce
8.60% ?0
PNB Housing Finance Limited
PNB Housing Finance Limited Home loan
8.50% – 8.70% Up to 0.50%(min.?5750)
Reliance Home Finance
Reliance Home Finance Limited Home loan
9.10% – 9.89% 0.50%
SBI Home loan
8.65% to 8.70% ? 0
 Sundaram BNP
Sundaram BNP Paribas Home loan
8.70% – 9.25% ? 0
Tata Capital
Tata Capital Home loan
8.65% to 8.85% Up to 0.2%
Yes Bank
Yes Bank Home loan
10.25% to 10.75% Up to ?11,500
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