The Latest Home Loan Interest Rates: Nov 3, 2023 Updated - November 07, 2023 at 05:51 AM. Comments Federal Bank >=8.80 >=8.80 >=8.80: HDFC Bank** >=8.35% >=8.35% >=8.35%: ICICI Bank: 9-9.80: 9 8.55% p.a. onwards. Loan Amount. As per applicants’ credit profile subject to the caps on LTV ratio set by the RBI. Loan Tenure. Up to 30 years. Processing Charges. 3% of the loan amount. Note: Rates as of 28 December 2023. Avail Godrej Housing Home Loan at Attractive Interest Rates Click Here. Banking giant HDFC Bank’s merger with its parent Housing Development Finance Corporation Ltd is likely to be complete by the end of this month. would mean “that loan interest rates will To those who qualify, HDFC Home Loans offers affordable home loans with interest rates starting at 8.60% per year. This is another best Home Loan providers in India . For loans with terms of up to 30 years, the EMI begins at Rs. 762 per lakh. Check lowest home loan rates and apply online for best Business Loan. Compare Business Loan rate for top banks in India SBI, HDFC, DBS. Interest Rate(p.a) Axis Bank: 300000: 5000000: 15.5% HDFC Bank reduced its Marginal Cost Based Lending Rate (MCLR) for select tenures by up to 85 basis points. The new lending rates were effective from April 10, 2023, according to its website. Know how it will impact you. Public sector lender Central Bank of India offers an interest rate of 8.55 percent on home loans. The EMI will amount to Rs 65,324. 7/12. At 8.6 percent, the home loan interest rates offered by Step 3: Processing and Verification. On submission of the form along with the required documents, the bank starts processing your Home Loan application. The bank will verify all the documents provided by you. A bank representative may even visit your workplace or home for the same. The next step is checking your creditworthiness as a borrower. HDFC Bank Ltd. offers Rural Housing Loans @ 8.50% p.a. onwards for tenures up to 30 years to agriculturists, planters, horticulturists and dairy farmers, with customised repayment options. The home loan sanction letter is an important document that contains the following details: Total sanctioned loan amount. Type of interest rate applicable (fixed or floating interest rate) Special Conditions (If any) to be fulfilled before disbursement. Other Terms and Conditions. TL6e.