Best Home Loan Rates – April 2012

Best Home Loan Rates

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.

[table style=”1″]

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

[/table]

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.

Amit

Hi Readers! I am Amit, the mind behind Apnaplan.com I am MBA from NITIE, Mumbai and BIT from Delhi University. This blog is my online diary where I write about my tryst with my investment decisions. In the 400+ posts on this blog you will find articles on Personal Financial Planning, Investments, Retirement Planning, Insurance, Loans, Fixed Deposits, Provident Funds, Stock Markets, Gold, Silver, Real Estate Investment, Credit Cards, Credit Score, Taxation, Inheritance Planning and Reviews on various Financial Products.