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 EMIHome Loan Tenure
Home Loan Company5 Years10 Years15 Years20 Years
Axis Bank2,1741,3781,1371,032
Bank of Baroda2,1741,3921,1521,066
Bank of Maharashtra2,1541,3691,1431,039
Canara Bank2,1621,3781,1521,049
Central Bank of India2,1621,3631,1211,015
Corporation Bank2,2071,4151,1781,077
HDFC Limited2,1621,3631,1211,015
ICICI Bank2,1491,3491,105998
IDBI Bank2,1991,4061,1681,066
Indiabulls Housing Finance2,1741,3781,1371,032
Union Bank of India2,1871,4061,1681,084
LIC Housing Finance2,1641,3661,1241,019
Oriental Bank of Commerce2,1621,3631,1371,032
Punjab National Bank2,1871,4061,1681,084
SBI2,1491,3491,105998

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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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