Best Banks /HFCs for Home Loans in India in 2024

Banks and Housing Finance Companies (HFCs) offer home loans at 8.40% p.a. onwards for tenures up to 30 years and loan amounts of up to 90% of property’s cost.

To cater to the housing finance requirements of a wider customer base, the banks/HFCs offer various home loan schemes aimed at offering higher home loan eligibility, reducing EMIs, EMI waivers, mixed interest rates, overdraft facility and balance transfer facility. Some lenders also offer home loan products for affordable housing and for customers with insufficient income documents.

10 Best Banks/HFCs for Home Loans in India in 2024

List of Popular Indian Banks/HFCs Offering Best Home Loan Rates in 2024

Name of LenderInterest Rates (% p.a.)
Up to Rs 30 LakhAbove Rs 30 Lakh & Up to Rs 75 LakhAbove Rs 75 Lakh
State Bank of India8.40-10.158.40-10.058.40-10.05
HDFC Bank8.50 onwards8.50 onwards8.50 onwards
ICICI Bank9.00-9.809.00-9.959.00-10.05
Kotak Mahindra Bank8.75 onwards8.75 onwards8.75 onwards
Punjab National Bank8.55-10.258.50-10.158.50-10.15
Bank of Baroda8.60-10.658.60-10.658.60-10.90
Union Bank of India8.50-10.758.50-10.958.50-10.95
IDFC First Bank8.85 onwards8.85 onwards8.85 onwards
Federal Bank8.80 onwards8.80 onwards8.80 onwards
Bajaj Housing Finance8.50% onwards8.50% onwards8.50% onwards
Note: Interest rates as of 4 September 2023

The best bank for availing a home loan would be the one that offers the lowest home loan interest rates. However, besides the interest rates, factors such as the repayment period, LTV ratio, loan amount, processing fees and time taken for loan approval and disbursal must also be considered while searching the best home loan offer.

To make your search easier, visit online financial marketplaces like to check and compare home loan interest rates along with tenure, processing fees and other associated costs from various banks and HFCs.

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