20,00,000 people visited this section in last 30 days. Apply Online

Get Cashback of Upto ₹ 1,000* on Home Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online


Home Loan Interest Rates

Home Loan Interest Rate all Banks, Apr 2021

Last Updated 19th Apr 2021

Bank Home Loan Rate Processing Fee EMI Per Lakh
SBI 6.95%Min ₹ 10,000 ₹ 662
HDFC 6.70%0.50%, Min ₹ 3,000, Max ₹ 10,000 ₹ 645
Citibank 6.65% NIL ₹ 685
Apply for Home Loan @ 6.65%* Get upto ₹ 1,000* Cashback

Compare Best Home Loan Interest Rates, All Banks in India 2021

Bank Home Loan Rate Benchmark Type Processing Fee
SBI Home Loan Rates 6.95% RLLR Min ₹ 10,000
HDFC Home Loan Rates 6.70% PLR 0.50%, Min ₹ 3,000, Max ₹ 10,000
Citibank Home Loan Rates 6.65% TBLR NIL
Bank of Baroda Home Loan Rates 6.75% RLLR Min ₹ 7,500
ICICI Bank Home Loan Rates 6.70% RLLR 0.25% , Min ₹ 3,000, Max ₹ 5,000
Axis Bank 6.75% RLLR 0.20% , Min ₹ 2,500, Max ₹ 25,000
PNB Housing Finance 7.35% PLR 0.50%, Min ₹ 10,000
LIC Housing Finance 6.90% PLR Min
Bajaj Home Finance 6.85% PLR 0.35%
Sundaram Home Finance 6.90% PLR Max ₹ 3,000
Kotak Bank 6.65% RLLR Max ₹ 10,000
Yes Bank 8.95% 1 Year MCLR 1.00%, Max ₹ 15,000
Syndicate Bank 6.90% RLLR 0.13% , Min ₹ 500, Max ₹ 5,000
IDFC First Bank 8.50% RLLR Min ₹ 5,000, Max ₹ 5,000
Karnataka Bank 8.55% RLLR 0.25% , Min ₹ 250
Indian Bank 7.55% RLLR 0.23% , Max ₹ 20,381
GIC Housing Finance 10.25% PLR Min ₹ 2,500
Dhan Laxmi Bank 7.40% RLLR 1.00% , Min ₹ 10,000
Tata Capital Home Finance 6.90% PLR 0.50%
Corporation Bank 6.80% RLLR 0.50% , Max ₹ 50,000
Aadhar Housing Finance 11.00% PLR Min ₹ 3,500
Bank of Maharashtra 7.00% RLLR NIL
Andhra Bank 6.80% RLLR 0.50% , Max ₹ 10,000
LT Housing Finance 7.70% PLR 2.00%, Min ₹ 4,999
Standard Chartered Bank 7.99% 3 Month MCLR 1.00%, Min ₹ 5,000, Max ₹ 10,000
UCO Bank 6.90% RLLR 0.50% , Min ₹ 1,500, Max ₹ 15,000
PNB 7.15% RLLR 0.35% , Min ₹ 2,500, Max ₹ 15,000
Reliance Capital 10.00% PLR 1.00%, Min ₹ 3,000, Max ₹ 6,500
OBC 6.95% RLLR 0.50% , Max ₹ 20,000
Jammu And Kashmir Bank 7.20% RLLR 0.25% , Min ₹ 500, Max ₹ 10,000
IDBI Bank 7.40% RLLR 0.50% , Min ₹ 2,500
Federal Bank 7.65% RLLR 0.50% , Min ₹ 3,000, Max ₹ 7,500
DCB Bank 10.24% 1 Year MCLR 2.00%, Min ₹ 5,000
Central Bank of India 7.30% RLLR 0.50% , Max ₹ 20,000
Aavas Financiers 8.00% PLR 1.00%
Bank of India 6.95% RLLR 0.25% , Min ₹ 1,500, Max ₹ 20,000
Allahabad Bank 8.25% RLLR 0.40% , Max ₹ 50,000
United Bank of India 6.95% RLLR 0.59% , Min ₹ 1,180, Max ₹ 11,800
RBL Bank 10.45% 1 Year MCLR Min ₹ 5,000, Max ₹ 15,000
Karur Vysya Bank 7.45% RLLR Min ₹ 5,000
Indian Overseas Bank 7.05% RLLR 0.53% , Min ₹ 8,900, Max ₹ 13,350
HSBC Bank 6.74% RLLR 1.00% , Max ₹ 10,000
Edelweiss 10.50% PLR 0.25%
DBS Bank 7.30% RLLR Max ₹ 10,000
Canara Bank 6.90% RLLR 0.50% , Min ₹ 1,500, Max ₹ 10,000
Piramal Housing Finance 9.00% PLR 0.10%
IIFL 8.45% PLR 1.25%
Indiabulls 9.25% PLR Min ₹ 7,500, Max ₹ 10,000
Union Bank of India 8.25% RLLR 0.50% , Max ₹ 15,000
South Indian Bank 8.05% RLLR 1.00% , Max ₹ 10,000
Punjab and Sind Bank 8.05% RLLR 0.25% , Min ₹ 1,000, Max ₹ 15,000
Lakshmi Vilas Bank 9.70% RLLR 0.40% , Min ₹ 10,000, Max ₹ 20,000

Which Bank is Giving the Lowest Interest Rate on Home Loan?

To decide about the best bank for a home loan make a detailed Bank's Home loan comparison on various parameters like current interest rates, charges like processing fees, prepayment charges, lending process, documents required and customer service of banks regularly. You are eligible to get the cheapest home loan rates if you are salaried and are purchasing a house with a property value of less than ₹ 30 Lakh. The rates are even better for women borrowers as banks run special discounted schemes on the property with primary applicant or co-applicant as a woman.

  • HDFC, ICICI Bank, SBI banks are the best choice for home loans with their lowest interest on home loan starting from 6.70%.
  • Axis bank, ICICI Bank, and Kotak Bank are the best banks for home loan as they have quick loan disbursal with low-interest rates.
  • Citibank can be a preferred choice to take a housing loan as it charges zero processing fees.

Types of Interest Rates on Home Loans

Home loan interest rates, as known, vary across lender to lender. However, the calculation of home loan is based on two home loan interest rate types in general, as listed follows:

Fixed-rate of interests: As per the fixed rate of interest, the rate of interest charged on the loan amount remains constant throughout the loan tenure. Thus, the home loan EMI also remains the same throughout the repayment schedule. Home loans at a fixed rate are beneficial as it keeps one prepared for the monthly home loan EMI that needs to be paid. Thus finances can be well managed with a fixed home loan rate type. However, it could turn out as demerit when the market rates are less, but one is bound to pay a higher interest rate on a home loan due to a fixed rate of interest.

Floating rate of interest: As per the floating rate of interest, the home loan rate is not fixed and remains variable. The interest rate as per floating rate type is linked to the external benchmarks perceived by the lender. Thus, based on these conditions, the interest rates as per this rate type keeps changing with market conditions. Also, since the rate is not fixed, the home loan EMI may increase or decrease abruptly. Opting for a floating rate of interest is beneficial in times when the market trends allow a lower home loan interest rate. However, in case the rate goes up one's bound to pay a higher home loan EMI. Also, since the home loan EMI is not fixed, financial planning of home loan borrowers may take a toll at this time.

List of Top Best Banks for Housing Loans in India - Apr 2021

Factors that Affect Home Loan Interest Rate

Home loan interest rate is decided by the lender in accordance with the required terms and conditions to determine the home loan rate. However, there are certain factors taken into consideration to offer a home loan interest rate. Knowing these factors can also help the home loan borrowers grab a decent deal on home loans. These are listed as follows:

  • Interest rate type: The type of interest rate is distinguished into two-fixed and floating. In general, fixed home loan interest rate is higher than floating home loan interest rate.
  • Borrower’s credit score: A credit score is an important factor that lenders consider before lending a home loan. Thus, a good credit score can help one grab a good home loan deal, while a lower credit score can force the home loan lender to charge a higher interest rate.
  • Occupation: Amongst all types of employees and income groups that apply for a home loan, salaried individuals are likely to get a lower home loan interest rate. This is because salaried employees have a fixed source of income.
  • Home loan type: Home loan is an exclusive term that covers under its arm various home loan products such as home improvement loan, home renovation loan, and home purchase loan, among others. The basic home purchase loans are offered at a lower interest rate in comparison to loans required for home improvement.
  • Home loan amount: A higher home loan amount will attract a lower home loan rate, while a small home loan amount will attract a higher interest rate.
  • Home loan offers: At times, the lender offers various customer-centric promo offers to attract more customers. In case one applies for a home loan with the applicable offers, a negotiable home loan interest rate can be availed.
Home Loan InfoGraphic

How is Home Loan Interest Rate Calculated?

Home loan interest rate calculation is based on certain home loan components. Though the home loan is linked to the external benchmark products yet, it is calculated based on the formula, Effective Interest rate=Base rate/External benchmark rate + Markup.

  • Base rate: Base rate is the standard lending rate decided by the lender for the lending of all retail products. The base rate is revised by the home loan lender from time to time.
  • Markup or spread: Markup or spread is the margin added by home loan lenders over and above the base rate. The Markup or spread may vary across home loan schemes.
  • External benchmark: As per RBI’s directives, lenders are bound to offer home loans linked to any of the external benchmarks such as RBI’s repo rate or three-month treasury bill rate, among others. The change in the external benchmark rate leads to a change in the home loan interest rate.

Different Methods for Housing Loan Interest Rate Calculation

While all banks and other home lenders derive the current home loan interest rates, based on the above-mentioned factors, deriving the home loan interest on the borrowed loan amount is important for the borrower as well. Housing loan interest calculation can, however, be used differently as per different types of home loans interest calculation. These are listed as follows:

  • Flat rate method of home loan interest calculation: As per the flat rate method, the home loan interest rate is calculated on the original principal amount throughout the loan tenure. For instance, even when you borrow a home loan for 20 years, you will continue paying the interest on the whole of the borrowed amount throughout the 20 years. This method is also called the fixed method of home loan interest calculation.
  • Reducing balance method of home loan interest calculation: The reducing balance method, as the name suggests calculates the interest rate on the outstanding amount. As per this method, the principal component that is paid during the EMI is not chargeable for interest; thus the outstanding balance reduces with time, and the interest is charged only on the remaining principal amount. As per this method, the interest amount reduces with time.

Example of Flat Rate & Reducing Balance Method of Interest Calculation

The example of flat rate and reducing balance method of interest calculation can be understood with the table below.

Parameter Flat Rate Method Reducing Balance Method
Loan Amount ₹ 20 Lakh ₹ 20 Lakh
Tenure 10 years 10 years
Home loan interest rate 8.00% 8.00%
Monthly EMI ₹ 30,000 ₹ 24,266
Total Interest Payout ₹ 15,99,960 ₹ 9,11,805
Savings - ₹ 6,88,155

If you consider the flat rate method, in this case, the home loan EMI is calculated using the formula, (Principal + Total Interest Payable)/ Loan Tenure in Months. The total interest in this case, is however calculated using the formula, (principal*interest rate*loan tenure)/100. Thus, as per the above method, total interest earned is ₹ 15,99,960, while a monthly EMI of ₹ 30,000 is paid.

On the other hand, if you consider the reducing balance method, the EMI is calculated using the formula, P x R x (1+R)^N]/[(1+R)^ (N-1). Here P is the principal amount, r is the rate of interest, and n is the tenure. Thus, based on this method, the total interest payable is ₹ 9,11,805, while a monthly EMI of ₹ 24,266 is paid for 10 years.

How to Calculate Effective House Loan Rate of Interest?

To calculate the effective current housing loan interest rate, you can use a home loan calculator. A home loan calculator can help you determine your home loan EMI as well as your home loan interest to be paid. The calculator works on a mathematical algorithm based on the formula, P x R x (1+R)^N]/[(1+R)^ (N-1). Here unit P is the principal amount, r is the rate of interest and n is tenure. Though the same formula can be used to drive a mathematical calculation yet using the online calculator is better, as it gives reliable results in no-time. These calculators are available at various online platforms, such as MyLoanCare.

Home Loan Details

The essential factors that you need to consider while choosing a home loan are as follows.

  • Eligibility : Loan available for both salaried and self-employed borrowers within the age group of 18 and 70 years.
  • Security : Mortgage of home you are planning to purchase, renovate or construct.
  • Loan Amount : In the range of ₹ 1 Lakh to ₹ 15 Cr.
  • Loan to Property Value Ratio : Varies from 65% to 90%.
  • Loan Tenure : Can range from 5 to 30 years.
  • Home Loan Interest Rates Benchmark : As per RBI guidelines, most banks have now shifted to RLLR (Repo Linked Lending Rate) which is based on Repo rate. NBFCs use PLR (Prime Lending Rate), as a benchmark to advance loans.
  • Interest Rates : The new Home loan Interest Rates start from 6.65%. Special rates for women borrowers.
  • Lowest EMI : Lowest EMI of ₹ 642 per lakh.
  • Processing Fees : Up to 0.5% of loan amount or Maximum ₹ 10,000, whichever is higher.
  • Prepayment Charges : NIL charges on floating rate home loans
  • Other Charges : Legal charges, technical charges etc.
  • Documents Required : Address Proof, Identity Proof, Income Documents, Property Documents.
  • Top Home Loan Providers : SBI, ICICI Bank, HDFC Bank, Axis Bank, HDFC, PNB Housing, Bank of Baroda.
  • Popular Home Loan Offers : Banks offer schemes for special categories of borrowers including women borrowers, senior citizens, NRIs etc. Banks also offer overdraft facilities to save interest on house loans. Some of the popular housing loan schemes are SBI home loan for women, HDFC Reach, Axis Bank 12 EMIs offer, Bank of Baroda pre-approved loans, Indiabulls e-home loans etc.

Home Loan Eligibility Calculator

You can check the home loan eligibility for the best banks based on your age, net income, existing obligations, property type, LTV ratio, and other factors. You can also add co-applicants to increase your loan eligibility. A maximum of 6 members can be added as co-applicant. High CIBIL score and stable job increases the chances of approval of your loan application.

Check How to Calculate Home Loan EMI

A Home Loan EMI is dependent on the loan amount, housing loan interest rate and tenure. With the help of an EMI calculator, you can check the amount of EMI that you can comfortably service. Enter the details like required loan amount, interest rate and loan tenure, you will get the amount of EMI and total interest that you will be paying in the tenure. You can also change the details to check the EMI for different amounts or tenure.

Home Loan Comparison on Popular Loan Schemes

While all banks and HFCs in India offer multiple home loan schemes, some new schemes like Pradhan Mantri Awas Yojana and DDA are quite popular in India due to their unique features and special discounted rates. Banks like SBI, Axis Bank, Citibank, ICICI Bank, PNB and HDFC have many popular schemes for women loan borrowers, businessmen and existing bank customers. Some of the popular housing loan schemes have been captured in the table below:

Bank Scheme Features
SBIFor Women BorrowersLoan is offered at concessional rate starting @ 6.95%.
Maxgain Home loan with overdraft facility @ 6.95%
Axis Bank Home Loan Top UpLoan to get additional loan amount. Interest rate of top up loan starts @ 6.90%
Shubh Aarambh Home Loan Avail 12 EMI waiver offer at 7.75%
HDFC HDFC Reach Home loan with less documentation starting @ 8.75%
HDFC Trufixed Home Loan Home loan interest rates are fixed for a certain period of the loan tenure starting at 6.90%. As and when the fixed interest rate period ends, the loan is then continued as per the adjustable rates.
Bank of Baroda Pre-approved Home Loan Loan pre-approved by the bank @ 8.65% before the property is purchased by the applicant with a validity of 4 months
Citibank Home Credit Loan Home loan with overdraft scheme @ 6.85%
Citibank T-Bill Home Loan Innovative scheme in which floating rate home loans are benchmarked to 91 days Govt. T-Bill rate, thus making them completely transparent

Documents Required for Home Loan

Some of the Documents required for home loan are

Documents Required Salaried Self Employed
Application FormSigned with photographsSigned with photographs
Identity ProofPAN Card, Passport, Driving License, Aadhaar Card, Voter Id, Govt issued I-CardPAN Card, Passport, Driving License, Aadhaar Card, Voter Id, Govt issued I-Card
Certificate and Proof of Business ExistenceNAPAN, Sales tax/ Excise/ VAT/ Service tax registration, Copy of partnership deed, Trade license, Certificate of practice, Registration certificate issued by RBI, SEBI
Address ProofPassport, Driving License, Election ID Card, Electricity/ Telephone/ Mobile bill/ Bank statement (not more than 3 months old) Bank statement, Utility bill, Registry copy, Lease or rent agreement, TAN allotment letter
Age ProofPAN Card, Passport, Driving License, Voter ID Card, Birth Certificate, Employee ID Card (only for PSU/ Government employees), School/ college leaving certificate PAN Card, Passport, Driving License, Voter ID Card, Birth Certificate, Employee ID Card (only for PSU/ Government Employees), School/ College leaving certificate
Property DocumentsPast title chain – Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction loan/ extensionPast title chain – Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension

How to Get Lowest Home Loan Rates in India?

A home loan is a popular loan in the Indian market, provided the fact that many are able to fulfil their housing dreams via home loans. Also, the popularity of this loan has led to the establishment of plenty of home loan lenders in the market. Thus, choosing the most affordable home loan at the lowest home loan rate is a big task. However, one can follow the below mentioned to get the lowest home loan rate in India:

  • Maintain a good credit score: A credit score is one of the top factors considered for home loans, as it ensures the lender of the borrower’s repayment ability. Thus, maintaining a good credit score can help one attract loans at most affordable terms and conditions.
  • Joint home loans: Joint home loans are the best home loans for people who fear to bear home loan responsibility. Availing a home loan jointly, not only distributes the home loan burden but also helps one attain a lower home loan interest rate. This is because a joint home loan involves the creditworthiness of more than one individual; thus, a higher chance of loan repayment.
  • Opt for home loan balance transfer: As known, home loan interest rate is not universal to all lenders; indeed, it varies from one lender to another. Also, there’s always a lender who offers the lowest home loan rate. In case, you own a home loan with a lender that is offering a high rate, opting home loan balance transfer can help you transfer your home loan. Thus, even existing home loan borrowers can avail a home loan at the lowest home loan rate.
  • Home loan down payment: Home loan lenders are keen on getting the borrowed amount back from the borrower with respect to the maintenance of the home loan process. However, in case you make a downpayment of a home loan, it not only turns out to the benefit of the home loan lender but also for the borrower. This is because downpayment ensures the lenders of the borrower’s credibility. Thus, a lower home loan interest can be availed.

How to Reduce Home Loan Interest Rate Burden?

A home loan is a big responsibility that needs to be fulfilled in order to maintain one’s creditworthiness in the financial markets. However, the burden of home loans can always be reduced. This can be done by following the below mentioned:

  • Transferring of home loans to lenders with the lowest home loan interest rate
  • Increasing home loan EMIs can help one get rid of home loan quickly
  • Prepayment or part payment of home loans can help you save on home loan interest and can reduce the EMI burden
  • Making home loan down payments can also reduce the burden, as due to the reduction in the principal amount, the home loan EMI is also reduced
  • Opting for a longer loan tenure can distribute the EMIs finely. Thus the monthly home loan EMI burden can be altered


What is the current interest rate for Home Loans?

The present Home Loan interest rates ranges between 6.65% to 14.00%.

How is Home Loan interest rate calculated?

The interest rate of Home Loan is linked to the repo rate. Thus, banks add a margin on the repo rate to arrive at Repo Linked Lending Rate (RLLR). Based on RLLR s small percentage is added to arrive at the Home Loan rate based on factors like the risk involved, the income of the borrower, and loan amount.

What is the minimum and maximum tenure of house loan?

House Loans are generally long tenure loans and can range from 5 years to 30 years depending on the need of the borrower, his age and his repayment capacity.

What is the EMI for 20 lakhs Home Loan?

The EMI for 20 lakhs loan at the latest Home Loan interest rate of 6.65% for the tenure of 30 years is ₹ 641.96.

Which Home Loan is best fixed or floating?

The fixed Home Loan is best when you know that there will be a significant increase in the interest rate in the near future. Fixed Home Loan will secure you from any fluctuations of interest rate in the market. Floating Home Loan is best when you think that interest rate going to drop in the near future or the increase in the rate will neither be significant nor long term. In the case of floating rate, your interest rate is directly affected by the market rate.

Can I switch from a fixed rate to a floating rate during my Home Loan tenure?

Yes, most banks allow switching from fixed-rate Home Loan to floating rate Home Loan at any time during the tenure upon paying a small fee.

How can I reduce my Home Loan interest rate?

The interest rate of Home Loan is decided based on the loan amount, and risk factor associated with a property and borrower. As the loan amount increases, the rate of interest is also expected to increase. However, some banks also offer discounted rates where a woman is the main applicant.

  • In case your loan was taken as a fixed-rate loan. Most fixed rate loans would offer fixed interest rates for a period ranging from a few months to 15 years. From your sanction letter and loan agreement, check the period for which the interest on your house loan is to remain fixed. If your loan is still in the fixed rate period, your current rate of interest is the same as what it was originally taken at.
  • In case your loan has converted to a floating rate, the loan agreement would specify the formula for the same. The formula may be either RLLR base rate plus a given spread (in case of banks) or PLR minus spread (in case of housing finance companies). For RLLR rate plus spread housing loan, just read the spread mentioned in the loan agreement and add it to the current RLLR of the respective bank. For PLR minus spread loan, check the negative spread mentioned in the loan agreement and subtract it from the PLR of the respective home finance company. Before 1st October 2019, the interest rate of banks were based on MCLR. However, now, banks advance based on the RLLR rate. If your loan is still linked to MCLR, you can shift your benchmark rate to RLLR by contacting your respective bank.

Can I apply for housing loan jointly with my spouse?

Yes, you can apply for a Home Loan jointly with an earning co-applicant (either be your spouse or your parents). Adding a co-applicant can increase your eligibility and you can also avail for a higher amount of loan as your co-applicant’s income also gets added with your income, and that total is taken into consideration for calculating the loan amount you will be eligible for.

Which banks give the cheapest Home Loan?

Lowest Home Loan interest rate in India is 6.65% which is offered by Citibank, Kotak Bank. Even after including the processing fees they charge on the loan, Citibank, Kotak Bank are the cheapest Home Loan providers in India.

Is balance transfer a good idea for Home Loan?

Yes, if you are getting a higher interest rate than the market rate and paying a higher EMI than other banks, then you can opt for housing loan balance transfer and reduce your monthly burden.

Can I take top up on my existing Home Loan?

Yes, you can avail top-up on their running house loan provided you have made timely repayment of EMIs accrued on existing Home Loan. The interest rates on top-up loans are comparatively higher than home finance rates by 0.25-1%. The loan can be availed with minimal documentation.

Does Home Loan prepayment reduce interest?

When you make a prepayment of a Home Loan, you get the option of either reducing your EMI or the loan tenure. When you choose to lower the tenure of loan and keep the EMI same, then your total interest amount outgo will be less as compared to the interest amount outgo with the same tenure.

What are home improvement loan rates?

If you take a Home improvement loan against the mortgage of your house, you can get the loan at low rates at par with that of Home Loan from any of the leading banks. Home improvement loans are available for a tenure of up to 30 years and at interest rate starting from 6.65% which make them a highly affordable and preferred choice for borrowers looking to renovate their house.

Can I get a loan for land purchase?

Yes, you can get a plot loan if you are looking for a loan to buy land but bear in mind that the interest rates on plot loans are higher than Home Loans. The land loan can be taken up to 70% of a property's market value.

BankPlot Loan Interest RateProcessing Fee
Loan For Land Purchase6.95%Upto 0.5% of loan amount or ₹ 10,000
SBI 7.65% NIL
HDFC 6.95% Upto 0.50%
Min 3000; Max 10000
ICICI Bank 8.90% Upto 1.00%
PNB Housing Finance 8.35% Upto 0.50%

Home Loan Reviews 4.3/5  by 933 customers
MyLoanCare Service
Banks Service
Pankaj, Bangalore
Reviewed on 08th Apr 2021
5 / 5 stars
ICICI Bank Home Loan Availed in Apr 2021

Bank was very supportive and patient. I recommend the bank and MyLoanCare.Read more...

Srikanth, Bangalore
Reviewed on 16th Mar 2021
5 / 5 stars
ICICI Bank Home Loan Availed in Jan 2021

Good service, timely information and fast processing.

Ashish, Bangalore
Reviewed on 15th Mar 2021
5 / 5 stars
Bajaj Finserv Home Loan Availed in Jan 2021

Excellent service, good followup with the banker. Very genuine guidance. Highly recommended.Read more...

Pooja, Mumbai
Reviewed on 13th Mar 2021
5 / 5 stars
SBI Home Loan Availed in Mar 2021

Rishiraj is a very helpful person, I have ever seen in a loan process.Read more...

Nishant, Bangalore
Reviewed on 08th Mar 2021
4.5 / 5 stars
ICICI Bank Home Loan Availed in Jan 2021

My experience with MyLoanCare was good. Quick response and fast processing, but there was a little lRead more...

amal, Delhi
Reviewed on 03rd Mar 2021
5 / 5 stars
LIC Housing Finance Home Loan Availed in Feb 2021

They have given an excellent service. I will specifically say about Mr Rishiraj who has given an outRead more...

Abhay, Mumbai
Reviewed on 26th Feb 2021
4.5 / 5 stars
HDFC Home Loan Availed in Dec 2020

Little time consuming but easy to access to the executive. Excellent work.Read more...

Ashish, Navi Mumbai
Reviewed on 23rd Feb 2021
4.5 / 5 stars
HDFC Home Loan Availed in Jan 2021

MyLoanCare referred me to HDFC bank for my home loan top up and regularly updated about the status oRead more...

Home Loan News - Apr 2021
  • 2021-04-16 : Piramal Retail Finance enters consumer & used car finance
    Piramal Retail Finance, a business entity under Piramal Capital and Housing Finance Ltd is planning on diversifying its loan portfolio and serve the customers. It is planning on entering the Consumer and User Car loan segment.
  • 2021-04-13 : Bank credit rise 5.56%; deposits 11.4% in FY21
    RBI reported that the Bank credit which includes retail loans like home, personal, business, car, two-wheeler, education and doctor loan along with business and mudra loans grew 5.56% to Rs 109.51 lakh crore in the financial year ending March 31, 2021. Further, the deposits include fixed and recurring deposits and rose 11.4% to Rs 151.13 lakh crore.
  • 2021-04-13 : Housing finance companies likely to witness a growth of 8-10% in FY22
    ICRA reported that with the increase in housing loan demand in the last quarter the HFCs are likely to witness a growth rate of 6%-8% during the year and 8%-10% in FY2021-22.
  • 2021-04-13 : Kotak Mahindra Bank kept its home loan rate unchanged at 6.65%
    Even as some of the banks have hiked their home loan interest rate, Kotak Mahindra Bank has kept the home loan rate unchanged at 6.65%. The interest rate is applicable for both the home loan and balance transfer product. The bank is aiming to increase its share in the housing loan market.
  • 2021-04-13 : Bandhan Bank’s collection efficiency ratio at 96% in Q4
    Bandhan Bank reported an overall collection efficiency of 96% for the quarter ending March 2021. Total advances which include retail loans like home, personal, business, car, two-wheeler education and doctor loan along with business and mudra loans grew by 21% at ₹87,054 crores. Deposits which includes fixed and recurring deposits grew by 37% at ₹77,972 crores. Further, CASA deposits increased by 61 per cent at ₹33,827 crores.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
Please wait while your information is being processed...