Home loan interest rates

Home loan interest rates in India depends on various factors. The key features that determine your home loan interest rates are
  • Location of the home
  • Your income status
  • loan amount needed by you
  • tenure of repayment
  • Either you provide a collateral or not
  • Your relationship with the bank you intend to take your loan from
Depending on the bank you are taking home loan from and the home loan related factors mentioned above, the average interest rates (reducing) may vary from 10.5% to 14.5%.
Processing fees for a home loan vary from 0% to 1% of the loan amount.
If you want to pay the home loan amount before agreed time period then there will be a pre-payment penalty applied by the bank. The pre-closure/prepayment/foreclosure charges are 1% to 4% of pre-closed amount.
The home loan amount ranges between Rs 1 lakhs to 85% of the market value of the home.



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