The best in the business

With interest rate of 9.50 per cent for Women and 9.55 per cent for others SBI home loans is the most competitive. The processing fees of the bank is also one of the lowest in the industry.

Of course, in terms of service the bank has still some way to go when compared to peers.

Can fund upto 90%

The Variable Loan rate at IndiaBulls Home Loans also begins at 9.50 per cent for women customers and higher for others. For loans under Rs 30 lakhs, the institution can fund up to 90 per cent, including the cost of the land.

On the floating home loan, there is no pre-payment charges that is applicable.

Pretty competitive

Like peers Women Borrowers can avail of interest ate beginning from 9.50 per cent on floating interest rate. For others, it begins at 9.55 per cent. There is a processing fee charges that is much higher than State Bank of India. Interest rates are competitive, but, watch for other charges.

On par with other institutiions

Interest rate on Home Loans from HDFC range between 9.50 per cent to 10 per cent for the adjusted variable rate.

There is a processing fee of 0.50 per cent of the home loan that also becomes applicable, subject to a minimum of Rs 2000. Could be a better proposition when service aspect is also considered.

Interest rates begin from 9.60%

Home Loans from LIC Housing Finance come at an interest rate of 9.60. The institutions offers a maximum of 85 per cent of the cost of the flat, including registration and other charges as loans.

For salaried individuals the maximum term is 30 years, while for self employed it is 20 years.

Renowned bank

Loans From Axis Bank have an interest rate of 9.60 per cent. This is a tad higher than those mentioned above. On large size of home loans, even 10 basis points, can make a difference. We remind borrowers to check for processing and other charges of various banks, before you take a loan.

Higher interest than SBI home loans

Home Loans from PNB with a variable interest rate come with an interest rate of 9.60 per cent. Processing charges on loans are much lower at government owned banks as compared to private sector peers. However, you have to keep in mind the service aspect as well.

Slightly higher interest rates

Canara Bank Home Loans begin at the base rate of the bank, which is at the moment 9.65 per cent. This is tad higher than some of the banks and institutions mentioned in the list.

You may have to do the running around and do not expect the highest service standard.

Look for free insurance

Bank of Baroda Home Loan interest rates begin at 9.60 per cent. There is a free accidental benefit of Rs 1 lakh that the Bank provides on the home loans.

Bank of Baroda like some other banks, does not charge any amount on pre-payment of the loans.