INSUBCONTINENT EXCLUSIVE:
Home Loan Interest Rates: SBI offers various products under its home loans.India's biggest mortgage lender HDFC Bank hiked interest rates
on home loans by 20 basis points with effect from August 1, as mentioned on bank's website- hdfc.com
This is the third time this year that HDFC has raised its lending rates
This hike comes after Reserve Bank of India's Monetary Policy Committee (MPC) recently raised the repo rate by 25 basis points to
On the other hand, country's largest lender State Bank of India (SBI) currently offers home loans at interest rates starting from 8.45 per
various products under its home loans
plus, SBI earnest money deposit, SBI reverse mortgage loan, SBI commercial real estate home loan, and SBI loan against property, as
mentioned on SBI's portal- sbi.co.in.SBI currently charges an interest rate of 8.45-8.55 per cent for home loans up to Rs 30 lakh from
For other borrowers, the interest rate is 8.5 per cent for loans up to Rs 30 lakh
Under the non-salaried category, SBI's interest rate stands at 8.6-8.7 per cent for home loans up to the same amount, and 8.65-8.75 per
cent from other borrowers.CategoryHome Loan (Term Loan)Up to Rs 30 lakhAbove Rs 30 lakh and up to Rs.75 lakhAbove Rs 75
lakhSalariedWomen8.45-8.55% p.a8.60-8.70% p.a8.70-8.80% p.aOthers8.50-8.60% p.a8.65-8.75% p.a8.75-8.85% p.aNon-SalariedWomen8.60-8.70%
8.70-9.20 per cent for home loans up to Rs 30 lakh for salaried women borrowers
of 8.80-9.30 per cent from salaried women borrowers for home loans above Rs 30 lakh
Other borrowers are charged at an interest rate of 8.85-9.35 per cent for home loans above Rs 30 lakh, as mentioned on bank's website-
hdfc.com.ICICI Bank home loansICICI Bank charges an interest rate of 8.55 per cent for home loans granted to salaried women borrowers
For other salaried buyers, bank's interest rate stands at 8.6 per cent
Under the self-employed category, ICICI Bank charges an interest rate of 8.7 per cent for loans granted to women borrowers, and 8.75 per
cent in case of other borrowers
ICICI Bank charges a processing fee of an amount equal to 0.5 per cent of the loan amount plus the applicable service tax, according to the
bank's official website- icicibank.com.
