Best Home Loan Rates – April 2012

Below is the list of Home Loan providers with the monthly EMI one needs to pay on the home loan of Rs. 1 Lakh. The lowest Home loan is provided by SBI and ICICI Bank for all Home Loan tenure.

The best home loans have been highlighted.

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Floating Rate EMI Home Loan Tenure
Home Loan Company 5 Years 10 Years 15 Years 20 Years
Axis Bank 2,174 1,378 1,137 1,032
Bank of Baroda 2,174 1,392 1,152 1,066
Bank of Maharashtra 2,154 1,369 1,143 1,039
Canara Bank 2,162 1,378 1,152 1,049
Central Bank of India 2,162 1,363 1,121 1,015
Corporation Bank 2,207 1,415 1,178 1,077
HDFC Limited 2,162 1,363 1,121 1,015
ICICI Bank 2,149 1,349 1,105 998
IDBI Bank 2,199 1,406 1,168 1,066
Indiabulls Housing Finance 2,174 1,378 1,137 1,032
Union Bank of India 2,187 1,406 1,168 1,084
LIC Housing Finance 2,164 1,366 1,124 1,019
Oriental Bank of Commerce 2,162 1,363 1,137 1,032
Punjab National Bank 2,187 1,406 1,168 1,084
SBI 2,149 1,349 1,105 998

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Home loan EMI per Rs. 1 lakh for a loan amount of Rs. 30 lakh

Source: Mint paper;    

Data as of March 31, 2012

With the new Financial year, the interest rates might change. It would be updated here once banks publish the same on their websites.

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