Home loans enable us to accomplish the dream of owning a home. In terms of tax implications this might seem like a good proposal, however, interest rates can take a toll on your financial goals.

Even if you have already taken a home loan, you might be aware that you can change your home loan lender if you find a cheaper, better option with another bank/ financial institution to benefit your expenses. Check the latest interest rates on home loans below to make a better decision. Also Read: What is the Ideal Age to Buy a House?

Floating Interest Rates (%) on Home Loans provided by Housing Finance Institutions:

Also Read: How And When Does Floating Interest On Home Loan Change?

Fixed Interest Rates (%) on Home Loans provided by Housing Finance Institutions:

Floating Interest Rates (%) on Home Loans provided by Banks:

Fixed Interest Rates (%) on Home Loans provided by Banks:

Also Read: Smart Ways to Manage your EMI on Home Loans

Notes:

• MCLR (marginal cost of funds based lending rate) is one-year ref rate.
• The fixed or floating rate will vary as per the tenure of the home loan.
• Some institutions allow fixed rate only for a period of the tenure and then switch to floating rate.

#: The frequency of resetting MCLR is half-yearly.
#*: The frequency of resetting MCLR is half-yearly for a plain home loan.
**: Includes additional charges as per the risk rating of the applicant.

Source: Websites of the institution.