Buying a home? Explore the best loan rates in January 2025

Terms vary and are influenced by several factors including your creditworthiness, loan amount, profession

Seeking a home loan? Lenders across the country offer a diverse range of interest rates to suit different borrower needs. With numerous lenders offering various interest rates and terms, it is essential to understand your options to make an informed decision.

 

Business Standard has compiled a list of the home loan rates currently offered by various financial institutions.

 

Public sector banks

 

UCO Bank's interest rate starts from 8.30 per cent onwards.

 

Union Bank of India's interest rate ranges from 8.30 per cent to 10.90 per cent

 

Bank of India's interest rate is between 8.35 per cent and 11.10 per cent

 

 

Bank of Baroda's interest rate is between 8.40 per cent and 10.65 per cent

 

Punjab National Bank's interest rate is between 8.40 per cent and 10.25 per cent

 

Canara Bank's interest rate is between 8.40 per cent and 11.25 per cent

 

State Bank of India's interest rate is between 8.50 per cent and 9.85 per cent

 

Here is a list curated on home loans offered by public sector banks:

 

Name of Lender	Loan Amount (Rs)
	Upto 30 Lakh	Above 30 Lakh & Upto 75 Lakh	Above 75 Lakh
PUBLIC SECTOR BANKS
State Bank of India	8.50-9.85	8.50-9.85	8.50-9.85
Bank of Baroda	8.40-10.65	8.40-10.65	8.40-10.90
Union Bank of India	8.30-10.75	8.30-10.90	8.30-10.90
Punjab National Bank	8.45-10.25	8.40-10.15	8.40-10.15
Bank of India	8.35-10.85	8.35-10.85	8.35-11.10
Canara Bank	8.50-11.25	8.45-11.25	8.40-11.15
UCO Bank	8.30 onwards	8.30 onwards	8.30 onwards
Bank of Maharashtra	8.35-11.15	8.35-11.15	8.35-11.15
Punjab and Sind Bank	8.50-10.00	8.50-10.00	8.50-10.00
Indian Overseas Bank	8.40-11.00	8.40-11.00	8.40-11.00
Indian Bank	8.40-10.30	8.40-10.30	8.40-10.30
Rates as of 2nd January 2025
Source: Paisabazaar.com

 

Private sector banks

 

City Union Bank's interest rate is between 8.25 per cent and 10.50 per cent

 

South Indian Bank's interest rate starts from 8.50 per cent onwards

 

HSBC Bank's interest rate starts from 8.50 per cent onwards

 

Kotak Mahindra Bank's interest rate starts from 8.75 per cent onwards

 

ICICI Bank's interest rate starts from 8.75 per cent onwards

 

Axis Bank's interest rate is between 8.75 per cent and 13.30 per cent

 

RBL Bank's interest rate starts from 9.00 per cent onwards

 

Here is a list curated on home loans offered by private sector banks:

 

Name of Lender	Loan Amount (Rs)
	Upto 30 Lakh	Above 30 Lakh & Upto 75 Lakh	Above 75 Lakh
PRIVATE SECTOR BANKS
Kotak Mahindra Bank	8.75 onwards	8.75 onwards	8.75 onwards
ICICI Bank	8.75 onwards	8.75 onwards	8.75 onwards
Axis Bank	8.75-13.30	8.75-13.30	8.75-9.65
HSBC Bank	8.50 onwards	8.50 onwards	8.50 onwards
South Indian Bank	8.50 onwards	8.50 onwards	8.50 onwards
Karur Vysya Bank	9.00-11.05	9.00-11.05	9.00-11.05
Karnataka Bank	8.75-10.87	8.75-10.87	8.75-10.87
Federal Bank	8.80 onwards	8.80 onwards	8.80 onwards
Dhanlaxmi Bank	8.60 onwards	8.60 onwards	8.60 onwards
Tamilnad Mercantile Bank	8.60-9.95	8.60-9.95	8.60-9.95
Bandhan Bank	9.16-15.00	9.16-13.33	9.16-13.33
RBL Bank	9.00 onwards	9.00 onwards	9.00 onwards
CSB Bank	10.49-12.34	10.49-12.34	10.49-12.34
HDFC Bank Ltd.	8.75 onwards	8.75 onwards	8.75 onwards
City Union Bank	8.25-9.50	8.50-10.00	8.75-10.50
Rates as of 2nd January 2025
Source: Paisabazaar.com

 

Housing finance companies

 

LIC Housing Finance's interest rate starts from 8.50 per cent onwards

 

Bajaj Housing Finance's interest rate starts from 8.50 per cent onwards

 

Tata Capital's interest rate starts from 8.75 per cent onwards

 

PNB Housing Finance's interest rate is between 8.50 per cent and 14.50 per cent

 

GIC Housing Finance's interest rate starts from 8.80 per cent onwards

 

SMFG India Home Finance's interest rate starts from 10.00 per cent onwards

 

Here is a list curated on home loans offered by Housing finance companies: 

Name of Lender	Loan Amount (Rs)
	Upto 30 Lakh	Above 30 Lakh & Upto 75 Lakh	Above 75 Lakh
HOUSING FINANCE COMPANIES (HFCs)
LIC Housing Finance	8.50 onwards	8.50 onwards	8.50 onwards
Bajaj Housing Finance	8.50 onwards	8.50 onwards	8.50 onwards
Tata Capital	8.75 onwards	8.75 onwards	8.75 onwards
PNB Housing Finance	8.50-14.50	8.50-14.50	8.50-11.45
GIC Housing Finance	8.80 onwards	8.80 onwards	8.80 onwards
SMFG India Home Finance	10.00 onwards	10.00 onwards	10.00 onwards
Sammaan Capital (Formerly Indiabulls Housing Finance)	8.75 onwards	8.75 onwards	8.75 onwards
Aditya Birla Capital	8.60 onwards	8.60 onwards	8.60 onwards
ICICI Home Finance	9.30 onwards	9.30 onwards	9.30 onwards
Godrej Housing Finance	8.55 onwards	8.55 onwards	8.55 onwards
Rates as of 2nd January 2025
Source: Paisabazaar.com