Floating Interest

Bank Name Prepayment

rate Processing Fee Apply
Charges

Rs.10,000/-
above 1
8.50% (Upto Mar crore If Full
31,2011),9.50% Payment -
0.50% of loan amount
ICICI Bank Home Loan (from Apr 1,2011 2% of
upto 1 crore
- Mar 31,2012), outstanding
9.50% amount If
Part Payment
- No Penalty
If 25% of
outstanding
amount is
8.50% (Upto Mar paid every
31,2011),9.50% Rs. 10,000/- or 0.5% of year till 3
HDFC Ltd (from Apr 1,2011 loan amount(whichever is years - No
- Mar 31,2012), lesser) + Service Tax Penalty ,
Then 9.50% otherwise
2% of
outstanding
amount
8.9%(Fixed for 2 10,000+10.30%(Service
2% of out
yrs), 9.25%(Fixed tax) (Upto 50Lacs),
LIC Housing standing
for 5 yrs),then 15,000+10.30%(Service
Payment
market rate tax) (Above 50Lacs)
8.25% (Upto Mar
1% (For
31,2011), 9%
1% of the loan amount + Fixed scheme
AXIS Bank (from Apr 1,2011
applicable taxes ), NIL( For
- Mar 31,2012),
Floating)
Then 9%
If Balance
Transfer then
IDBI 9.25% 0.50% of loan amount
2%
Otherwise Nil
Up to 20 lacs -
8.25%(fixed for 1
Rs.5000+10.30%(Service
yr), 9%(fixed for
ING Vysya tax ) = Rs.5515/- 2%
1 yr),then market
Above 20 lacs : 0.5%
rate
+10.30%(Service tax)
8.25% to 8.75% 2% of out
0.25%-0.50% 0f loan
Standard Chartered (basis on the standing
amount
profile) Payment
8% (1st yr),
0.50% of loan amount
9%(2nd and 3rd
SBI Bank with a cap of Rs.10,000 + N.A
yr),10%(after 3
service tax
years)
Before 5
years
0%( below 10 lacs), 1%
DHFL 8.50% -2%,For
(above 10 lacs)
Balance
Transfer -3%
8.25% (Upto Mar
Citibank 31,2011), then 5%+Service tax 2%
8.75%
10,000 + 10.30%(Service
Deutsche Bank 8.5% Nil
tax)
8.25% - 8.75%
(Fixed for 1 yr),
India Bulls 9.25% - 9.50% 0.5% 2%-3%
(Fixed for 2 yrs),
then 9% - 9.50%
 0.50% of loan amount,
Allahabad Bank 10.00% N.A
Maximum Rs. 10,000/-

Bank of Maharastra 9% N.A N.A

1% of Loan Amount,
Central Bank of India 9.00% N.A
minimum Rs.1000/-
Upto Rs.5 lakhs
0.50% of loan subject to
min. Rs.1,000/- & max.
Rs.2,500/-
Above Rs.5 lakhs & upto
Rs.15 lakhs
0.50% of loan subject to
min. Rs.2,500/- & max.
Rs.7,500/-
Corporation Bank 9.75% N.A
Above Rs.15 lakhs & upto
Rs.20 lakhs
0.50% of loan subject to
min. Rs.7,500/- & max.
Rs.10,000/-
Above Rs.20 lakhs
0.50% of loan subject to
min. Rs.10,000/- & max.
Rs.50,000/-
For loans upto Rs.30 lacs
One time @ 0.55% of
loan amount min. Rs.
3000/- and max.
Rs.10000/-
Bank of India 10% For Loan over Rs.30 Lacs N.A
upto Rs.50 lacs – One
time flat Rs.15,000/-
For Loan over Rs.50 Lacs
upto Rs.1.00 crore – One
time flat Rs.20,000/-

Union Bank of India 9% N.A N.A

United Bank of India 9.75% N.A N.A

UCO Bank 9.50% - 10% - N.A

Bank of Baroda 9.50% N.A N.A

Canara Bank 9.50%

Oriental Bank of
9.50% N.A N.A
Commerce

Kotak Bank 8.25% 10,000+10.30% 2%

Dena Bank 10.50% N.A N.A

No Charges if
20% of the
8.5%(Fixed for 3 0.75%( from 10 lac - 15 outstanding
Punjab National Bank yrs),Then market lac ) , 0.5% ( above 15 amount pay
rate lac) in a single
year after
that 2%
Deutsche Post Housing 9.75% (Fixed for
Rs. 11582/- Nil
Finance 2 yrs), Then
 market rate

Andhra Bank 10.50% N.A N.A

Vijaya Bank 9.50% N.A N.A

Syndicate Bank 9.50% N.A N.A

Indian Overseas Bank 9.25% N.A N.A

Part pre-
payment
with Zero
pre-payment
charges
subject to
maximum
Barclays Bank 9% - 9.25% 0.5% 25% of the
principal
outstanding
amount else
2%
prepayment
charges have
to pay

Federal Bank 8.75% 0.50%

9.50% (upto 15
PNB Housing Finance yrs),Then market 0.5% 2%
rate
8.75% (Salaried),
Development Credit
9.25% (Self 0.5% Nil
Bank
Employed)
8% (fixed for 1
2% of the
State Bank of yr), 9% (2nd &
Nil outstanding
Travancore 3rd yr), then
loan amount
Market Rate

Disclaimer: Please note that the interest rates given here are based on the market research. To enable
the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised
to recheck the same with the individual companies / organizations. This site does not take any
responsibility for any sudden / uninformed changes in interest rates.
Banks/ Financial Institutions can contact us at customercare@deal4loans.com for inclusions or updates.

Home Loans Features & Benefits

Home Loan - Home loans for individuals to purchase (fresh / resale) or construct houses. Application can be
made individually or jointly. HDFC finances up to 85% maximum of the cost of the property (Agreement
value + Stamp duty + Registration charges) based on the repayment capacity of the customer.
Home Improvement Loan - HIL facilitates internal and external repairs and other structural improvements
like painting, waterproofing, plumbing and electric works, tiling and flooring, grills and aluminium windows.
HDFC finances up to 85% of the cost of renovation (100% for existing customers) subject to market value of
the property..
Home Extension Loan - HEL facilitates the extension of an existing dwelling unit. All the terms are the
same as applicable to Home Loan.
Land Purchase Loan - Be it land for a dream house, or just an investment for the future, HDFC Land
Purchase Loan is a convenient loan facility to purchase land. HDFC finances up to 85% of the cost of the
land (Conditions Apply). Repayment of the loan can be done over a maximum period of 15 years.
Choose from Fixed Rate or Floating Rate with options to structure your loan as Partly Fixed or Partly
Floating.
Flexible repayment options to suit your individual needs.

Loan cover Term Assurance Plan - HDFC Standard Life Insurance Company Ltd. offers an insurance
plan*, which is designed to ensure that life's uncertainties do not affect your family's interests and your
precious home. LCTAP provides a lump-sum payment on the unfortunate demise of the life assured.

This pure risk plan is designed in a way that the cover decreases as you repay your home loan making it a
low cost premium insurance plan.
*Insurance is the subject matter of solicitation.

Automated Repayment of Home loan EMI - You can give us standing instructions to repay your Home
Loan EMIs directly from your HDFC Bank Savings Account, thus, saving you the trouble of procuring, signing
and tracking post-dated cheques.
HDFC also offers In-house scrutiny of Property documents for your complete peace of mind.

Customer privileges - If you are an existing HDFC Home Loan customer, you can avail of other loans
(such as Personal Loans, Car Loans, Two-wheeler Loans and Loan against securities) at lower interest
rates.

Home Loan Rate of Interest

( Last edited on : 21 October 2010 )

Bank Interest Apply

 Rates

LIC
8.9% - 9.50%
Housing

HDFC
8.50% - 9.50%
Ltd

ICICI
Bank
8.50% - 9.50%
Home
Loan

DHFL 8.50% - 9.50%

Union
Bank of 8.50% - 9.75%
India

Bank of
9% - 10.25%
Baroda

SBI 8%-11%

Citibank 8.25% - 8.75%