Home loan interest rates and EMI in top 15 banks, in July 2021

July 14, 2021,
Shivali Solse
4 Comments

With markets opening up after the second wave of COVID-19 and most states allowing partial relaxations from the lockdown restrictions, the Indian economy could be on a path to recovery. Globally, the central banks of all major economies are closely monitoring inflation levels and they expect the recent spike in inflation to largely remain transitory. The RBI is also keeping a close watch on inflation, while continuing with an ‘accommodative’ stance on key policy rates. Consequently, no immediate change in the interest rate seems possible, shortly. However, a continuous surge in crude oil prices could easily spoil the entire plan. Further escalation in crude prices, can push inflation out of control, in absence of an immediate monetary tightening.

New variants of COVID-19 have also been reported, recently. Hence, the economic trajectory will depend on whether India successfully contains the third wave or not and how quickly India vaccinates its people.

In the coming weeks, the interest level for home loans, is expected to remain subdued. So, banks and financing institutions may come up with lucrative short-term offers, such as zero processing fees, enticing repayment offers, etc., to regain businesses lost in the last few months. This makes it a good time to purchase a home. Property developers are also facing challenges, due to a surge in steel prices and other input costs. So, property rates may increase in a few months, in spite of lacklustre demand.

To make the selection of a home loan product more comfortable for the home buyers, we have presented the interest rate range, EMI and processing fees by various banks, in the table given below. The EMI has been calculated based on a loan of Rs one lakh for a tenure of 20 years. You can easily calculate the EMI for the desired amount, by multiplying the loan amount (in Rs lakhs) with the EMI range corresponding to the selected bank mentioned in the table. For example, the interest rate mentioned for Central Bank is 6.85%-7.3% per annum and the corresponding EMI for Rs one lakh is Rs 766-Rs 793. Now, if you want to calculate the EMI for Rs 30 lakhs, then, simply multiply the EMI with 30, i.e., Rs 766 x 30 or Rs 793 x 30 = Rs 22,980 to Rs 23,790 per month (approximately), which would be the EMI for 20 years’ tenure.

Interest rate and processing charge on home loan by banks (with indicative EMI)

Lender’s name	Floating interest rate (Per cent, per annum)	EMI per Rs one lakh (in Rs)	Processing fee
Axis Bank	6.9-8.55	769-871	Up to 1% of the loan amount, subject to a minimum of Rs 10,000.
Bank of Baroda	6.75-8.35	760-858	0.25% to 0.5% of the loan amount (Rs 8,500 to Rs 25,000).
Bank of India	6.85-8.35	772-858	0.25% of the loan amount (minimum of Rs 1,500 and maximum of Rs 20,000).
Canara Bank	6.9-8.9	769-893	0.50% (Minimum of Rs 1,500 and maximum of Rs 10,000).
Central Bank	6.85-7.3	766-793	0.50% of the loan amount, subject to a maximum of Rs 20,000.
Indian Bank	7.0-7.40	775-799	0.230% on the loan amount, with a maximum of Rs 20,470.
HDFC Ltd	6.75-7.85	760-827	For salaried individuals and self-employed professionals: Up to 0.50% of the loan amount or Rs 3,000, whichever is higher.Self-employed non-professionals: Up to 1.50% of the loan amount or Rs 4,500, whichever is higher. (Taxes extra)
ICICI Bank	6.75-7.55	760-809	0.50% of the loan amount, plus applicable taxes.
IOB	7.05-7.3	778-793	0.5%, up to Rs 25,000.
PNB	6.80-7.85	763-827	0.35% of the loan amount (minimum of Rs 2,500 and maximum of Rs 15,000).
SBI	6.70-7.40	757-799	0.40% of the loan amount plus applicable GST, subject to a minimum of Rs 10,000 and a maximum of Rs 30,000, plus GST.
South Indian Bank	7.95-9.45	833-929	0.50% of the loan amount (minimum of Rs 5,000 and maximum of Rs 10,000).
UCO Bank	6.90-7.25	769-790	0.50% of the loan amount (minimum of Rs 1,500 and maximum of Rs 15,000).
Kotak Mahindra Bank	6.65-7.30	754-793	0.25% to 1%, plus GST.
Union Bank	6.8-7.40	763-799	0.50% of the loan amount subject to a maximum of Rs 15,000 (plus applicable tax).

Note:

The EMI is based on a loan amount of Rs one lakh for a tenure of 20 years.

Interest rates are based on the floating rate system. Rates may be subject to revision after a specified tenure, depending on the bank’s terms and conditions. The EMI range is indicative and is calculated, based on the interest rates given in the table. In an actual situation, it may include other charges, as per the bank’s terms and conditions. The actual interest rate may vary, based on the credit profile of the loan applicant. Data in the table is only for illustration purposes.

Data were taken from respective bank’s website, as of July 11, 2021.

Tips to get a good deal

Even though a slight change in interest rates makes a lot of difference, when it comes to the overall cost of the home loan repayment, buyers must be mindful of the fact that rates are not the only criterion, based on which they should decide their lender. Also factor in who your lender is and how efficient they have been in the past, in passing on the rate cut benefits to their customers. Just like developers, you also have to select your lender with utmost caution.

Home loan interest rates and EMI in top 15 banks, in June 2021

Looking for the best home loan product, to fund the purchase of your dream home? Housing.com News looks at the interest rates, EMI and processing fees offered by the major banks in June 2021, to help you make the right choice

June 15, 2021: The RBI has again taken an accommodative stance during the monetary policy committee (MPC) review held on June 4, 2021. The key policy rates were also left unchanged. However, the RBI reduced its growth forecast for FY 2021-22 from 10.5% to 9.5%, amid the expectation of a hike in the inflation rate in the coming days. The retail inflation rate in May 2021 touched a high of 6%, due to high food and fuel prices. This indicates that the RBI may not maintain an ‘accommodative’ stance on key policy rates for a long period, despite supply-side concerns. The rise in steel and cement prices have started troubling real estate developers and so, they may soon hike the property prices despite lacklustre demand. The interest rates on home loans may not rise immediately but home loan borrowers should stay prepared to pay higher EMIs. The monsoon and post-COVID-19 economic recovery will be the two big factors that will impact the interest rate direction shortly.

See also: RBI maintains status quo on repo rate as COVID-19 second wave batters the economy

If you are planning to buy a home on a loan, then, focus on factors like adequate repayment capacity, keep a good CIBIL score to enjoy low-interest rates on a home loan and maintain a more than adequate level of a contingency fund.

Interest rate and processing charge on home loan by banks (with indicative EMI)

Lender’s name	Floating interest rate (Per cent, per annum)	EMI per Rs one lakh (in Rs)	Processing fee
Axis Bank	6.9-8.55	769-871	Up to 1% of the loan amount, subject to a minimum of Rs 10,000.
Bank of Baroda	6.75-8.35	760-858	0.25% to 0.5% of the loan amount (Rs 8,500 to Rs 25,000).
Bank of India	6.85-8.35	772-858	0.25% of the loan amount (minimum of Rs 1,500 and maximum of Rs 20,000).
Canara Bank	6.9-8.9	769-893	0.50% (Minimum of Rs 1,500 and maximum of Rs 10,000).
Central Bank	6.85-7.3	766-793	0.50% of the loan amount, subject to a maximum of Rs 20,000.
Indian Bank	7.0-7.40	775-799	0.230% on the loan amount, with a maximum of Rs 20,470.
HDFC Ltd	6.75-7.85	760-827	For salaried individuals and self-employed professionals: Up to 0.50% of the loan amount or Rs 3,000, whichever is higher.Self-employed non-professionals: Up to 1.50% of the loan amount or Rs 4,500, whichever is higher. (Taxes extra)
ICICI Bank	6.75-7.55	760-809	0.50% of the loan amount, plus applicable taxes.
IOB	7.05-7.3	778-793	0.5%, up to Rs 25.000.
PNB	6.80-7.85	763-827	0.35% of the loan amount (minimum of Rs 2,500 and maximum of Rs 15,000).
SBI	6.70-7.40	757-799	0.40% of the loan amount plus applicable GST, subject to a minimum of Rs 10,000 and a maximum of Rs 30,000, plus GST.
South Indian Bank	7.95-9.45	833-929	0.50% of the loan amount (minimum of Rs 5,000 and maximum of Rs 10,000).
UCO Bank	6.90-7.25	769-790	0.50% of the loan amount (minimum of Rs 1,500 and maximum of Rs 15,000).
Kotak Mahindra Bank	6.65-7.30	754-793	0.25% to 1%, plus GST.
Union Bank	6.8-7.40	763-799	0.50% of the loan amount, subject to a maximum of Rs 15,000 (plus applicable tax).

Note:

The EMI is based on a loan amount of Rs one lakh for a tenure of 20 years.

Data were taken from respective bank’s website, as of June 14, 2021.

Home loan interest rates and EMI in top 15 banks, in May 2021

Looking for the best home loan product, to fund the purchase of your dream home? Housing.com News looks at the interest rates, EMI and processing fees offered by the major banks in May 2021, to help you make the right choice

May 12, 2021: Following the massive spike in Coronavirus cases in the second wave of the COVID-19 pandemic, many states have initiated lockdowns. Construction activities have almost stopped in many major real estate markets. However, banks are now aggressively pushing their home loan products, to entice customers. Large banks have reduced their interest rates on home loans by around 0.25% per annum, to attract home buyers. The Reserve Bank of India (RBI) has also come forward, to offer relief to small businesses, MSMEs and individuals. The RBI governor recently announced measures, including restructuring of loans of up to Rs 25 crores for individuals and small businesses under a Resolution Framework 2.0, as well as a liquidity facility of Rs 50,000 crores for healthcare and SLTRO (specially long term repo operation) for small finance banks.

Home loan interest rates in the coming months will depend on factors such as the Inflation rate and monsoon forecast for 2021. Due to a large number of COVID cases, labours have returned to their home towns, from cities. Consequently, construction activities may take some time to resume. Steel and cement prices have skyrocketed in the last few weeks but its impact has not yet been reflected in property prices. If you are looking to buy a home, then, in the present market, you can get property choices at good rates and home loans at very low interest rates, as well. However, it would be important to bear in mind that the interest rate will not remain at this level for a long time. So, you should be prepared to pay a higher EMI shortly.

See also: How to pay the home loan EMIs in case of job l

Interest rate and processing charge on home loan by banks (with indicative EMI)

Lender’s name	Floating interest rate (Per cent, per annum)	EMI per Rs one lakh (in Rs)	Processing fee
Axis Bank	6.9-8.55	769-871	Up to 1% of the loan amount, subject to a minimum of Rs 10,000.
Bank of Baroda	6.75-8.35	760-858	0.25% to 0.5% of the loan amount (Rs 8,500 to Rs 25,000).
Bank of India	6.95-8.35	772-858	0.25% of the loan amount (minimum of Rs 1,500 and maximum of Rs 20,000).
Canara Bank	6.9-8.9	769-893	0.50% (Minimum of Rs 1,500 and maximum of Rs 10,000).
Central Bank	6.85-7.3	766-793	0.50% of the loan amount, subject to a maximum of Rs 20,000.
Indian Bank	7.0-7.40	775-799	0.230% on the loan amount, with a maximum of Rs 20,470.
HDFC Ltd	6.75-7.85	760-827	For salaried individuals and self-employed professionals: Up to 0.50% of the loan amount or Rs 3,000, whichever is higher.Self-employed non-professionals: Up to 1.50% of the loan amount or Rs 4,500, whichever is higher. (Taxes extra)
ICICI Bank	6.75-7.75	760-821	0.50% of the loan amount, plus applicable taxes.
IOB	7.05-7.3	778-793	0.5%, up to Rs 25,000.
PNB	6.80-7.85	763-827	0.35% of the loan amount (Minimum of Rs 2,500 and maximum of Rs 15,000).
SBI	6.70-7.40	757-799	0.40% of the loan amount plus applicable GST, subject to a minimum of Rs 10,000 and maximum of Rs 30,000, plus GST.
South Indian Bank	7.95-9.45	833-929	0.50% of the loan amount (Minimum of Rs 5,000 and maximum of Rs 10,000).
UCO Bank	6.90-7.25	769-790	0.50% of the loan amount (Minimum of Rs 1,500 and maximum of Rs 15,000).
Kotak Mahindra Bank	6.65-7.30	754-793	0.25% to 1%, plus GST.
Union Bank	6.8-7.40	763-799	0.50% of the loan amount, subject to a maximum of Rs 15,000 (plus applicable tax).

Note:

The EMI is based on a loan amount of Rs one lakh for a tenure of 20 years.

Data taken from respective bank’s website, as on May 11, 2021.

Home loan interest rates and EMI in top 15 banks, in April 2021

Looking for the best home loan product, to fund the purchase of your dream home? Housing.com News looks at the interest rates, EMI and processing fees offered by the major banks in April 2021, to help you make the right choice

April 13, 2021: In the last one month, the economic situation has suddenly taken a hit, due to the surge in COVID-19 cases. Several states are now on the verge of initiating lock-downs, to stop the spread of the virus. Consequently, the real estate market is also once again facing challenges, with disruption in demand and supply. Home loan interests, however, continue to be favourable for the home buyers, as banks have maintained their low interest rates on home loans. In its latest monetary policy committee (MPC) meet, the RBI unanimously voted to maintain the key policy rate at the current level. The central bank also cited the chances of supply-side disruption and subdued demand that can cause difficulty in economic recovery.

The surge in Coronavirus cases and chances of lockdown, have the potential to increase the risk for the home buyers. If you are planning to buy a home, then, you must be sure that you will be able to repay the loan on time. If you have any doubt related to your income, like job loss or salary reduction, then, you may delay the home buying decision. If you are an existing home loan borrower, then, you should try to repay the loan quickly and take advantage of the low interest rate.

Home loan interest rates are expected to remain stable in the coming weeks. However, banks may adjust their risk premium, if their NPAs rise, amid the increase in Corona cases. So, try to maintain a good credit score to keep getting the benefit of low interest rates on home loans.

Interest rate and processing charge on home loan by banks (with indicative EMI)

Lender’s name	Floating interest rate (Per cent, per annum)	EMI per Rs one lakh (in Rs)	Processing fee
Axis Bank	6.9-8.55	769-871	Up to 1% of the loan amount, subject to a minimum of Rs 10,000.
Bank of Baroda	6.75-8.35	760-858	0.25% to 0.5% of the loan amount (Rs 8,500 to Rs 25,000).
Bank of India	6.95-8.35	772-858	0.25% of the loan amount (Minimum of Rs 1,500 and maximum of Rs 20,000).
Canara Bank	6.9-8.9	769-893	0.50% (Minimum of Rs 1,500 and maximum of Rs 10,000).
Central Bank	6.85-7.3	766-793	0.50% of the loan amount, subject to a maximum of Rs 20,000.
Indian Bank	7.0-7.40	775-799	0.230% on the loan amount, with a maximum of Rs 20,470.
HDFC Ltd	6.70-8.0	757-836	For salaried individual and self-employed professionals: Up to 0.50% of the loan amount or Rs 3,000, whichever is higher.Self-employed non-professionals: Up to 1.50% of the loan amount or Rs 4,500, whichever is higher. (Taxes extra)
ICICI Bank	6.70-8.05	757-840	0.50% of the loan amount, plus applicable taxes.
IOB	7.05-7.3	778-793	0.5%, up to Rs 25,000.
PNB	6.80-7.85	763-827	0.35% of the loan amount (Minimum of Rs 2,500 and maximum of Rs 15,000).
SBI	>=6.95	>=772	0.40% of the loan amount plus applicable GST, subject to a minimum of Rs 10,000 and maximum of Rs 30,000, plus GST.
South Indian Bank	7.95-9.45	833-929	0.50% of the loan amount (Minimum of Rs 5,000 and maximum of Rs 10,000).
UCO Bank	6.90-7.25	769-790	0.50% of the loan amount (Minimum of Rs 1,500 and maximum of Rs 15,000).
Kotak Mahindra Bank	6.65-7.30	754-793	0.25% to 1%, plus GST.
Union Bank	6.8-7.40	763-799	0.50% of the loan amount, subject to a maximum of Rs 15,000 (plus applicable tax).

Note:

The EMI is based on a loan amount of Rs one lakh for a tenure of 20 years.

Data taken from respective bank’s website, as on April 12, 2021.

Home loan interest rates and EMI in top 15 banks, in March 2021

March 15, 2021: In the last one month, home loan interest rates have touched new lows. Presently, the home loan interest rate has come down to as low as 6.65%. Most of the banks are now offering their lowest rate at around 6.7% per annum. The rates have fallen, after banks reduced their spread, although the repo rate stands at the same level, at 4%. It shows that banks are now aggressive in deploying the idle funds to borrowers.

Bond yields are rising across the globe and India may soon witness the same trend. This means, there are chances that the interest rate trend could reverse in the coming months. In February 2021, retail inflation had jumped to 5.03%. With a continuous rise in crude oil prices, inflation is expected to surge in the near future. Therefore, the Reserve Bank of India (RBI) may change its stance any time and start taking steps, toward tightening the monetary policy. Home loan interest rates are directly linked to the repo rate and hence, a reversal in the interest rate trend will result in an increase in the borrower’s EMI load immediately.

If you are looking to apply for a home loan, you must factor-in the chances of a hike in interest rates, shortly. Avoid applying for a loan, if you are financially unprepared to cope with an interest rate hike.

Interest rate and processing charge on home loan by banks (with indicative EMI)

Lender’s name	Floating interest rate (Per cent, per annum)	EMI per Rs one lakh (in Rs)	Processing fee
Axis Bank	6.9-8.55	769-871	Up to 1% of the loan amount, subject to a minimum of Rs 10,000.
Bank of Baroda	6.85-8.20	766-849	0.25% to 0.5% of the loan amount (Rs 8,500 to Rs 25,000).
Bank of India	6.95-8.35	772-858	0.25% of the loan amount (Minimum of Rs 1,500 and maximum of Rs 20,000).
Canara Bank	6.9-8.9	769-893	0.50% (Minimum of Rs 1,500 and maximum of Rs 10,000).
Central Bank	6.85-7.3	766-793	0.50% of the loan amount, subject to a maximum of Rs 20,000.
Indian Bank	7.0-7.40	775-799	0.230% on the loan amount, with a maximum of Rs 20,470.
HDFC Ltd	6.70-8.0	757-836	For salaried individuals and self-employed professionals: Up to 0.50% of the loan amount or Rs 3,000, whichever is higher.Self-employed non-professionals: Up to 1.50% of the loan amount or Rs 4,500, whichever is higher. (Taxes extra)
ICICI Bank	6.70-8.05	757-840	0.50% of the loan amount, plus applicable taxes.
IOB	7.05-7.3	778-793	0.5%, up to Rs 25,000.
PNB	6.80-7.75	763-821	Full waiver of upfront/processing fees and documentation charges during new year bonanza period from January 1, 2021 to March 31, 2021.
SBI	6.7-7.2	757-787	0.40% of the loan amount plus applicable GST, subject to a minimum of Rs 10,000 and a maximum of Rs 30,000, plus GST.*100% waiver on processing fee.
South Indian Bank	7.95-9.45	833-929	0.50% of the loan amount (Minimum of Rs 5,000 and maximum of Rs 10,000).
UCO Bank	6.90-7.25	769-790	0.50% of the loan amount (Minimum of Rs 1,500 and maximum of Rs 15,000).
Kotak Mahindra Bank	6.65-7.30	754-793	0.25% to 1%, plus GST.
Union Bank	6.8-7.40	763-799	0.50% of the loan amount, subject to a maximum of Rs 15,000 (plus applicable tax).

Note:

The EMI is based on a loan amount of Rs one lakh for a tenure of 20 years.

Data taken from respective bank’s website, as on March 15, 2021.

Home loan interest rates and EMI in top 15 banks, in February 2021

Looking for the best home loan product, to fund the purchase of your dream home? Housing.com News looks at the interest rates, EMI and processing fees offered by the major banks in February 2021, to help you make the right choice

February 12, 2021: The last one month has witnessed several developments. The much-awaited Budget 2021 was announced on February 2, 2021 and the Reserve Bank of India announced its bi-monthly monetary policy review on February 5. In the monetary policy committee (MPC) meeting, the RBI kept the repo rate unchanged. This means, the interest rate on home loans is expected to remain at its current level in the coming weeks. Retail inflation also eased to 4.06% in January 2021; it was 4.59% in December 2020. If inflation further comes down in February 2021, then, the RBI could cut the repo rate further, in a bid to boost economic growth. Rising crude oil prices, however, remain a concern that can push inflation higher in the coming days.

The government has not yet extended the last date for the PMAY-CLSS. For those planning to buy a home, it is better to do so, before March 31, 2021, to avail of the PMAY-CLSS benefit. Most of the banks are now offering their lowest interest at around 6.8% level and some banks have also waived their processing fees. Some states have reduced the circle rates, as well. So, if you want to buy a home on loan, then, this may be an ideal time.

Interest rate and processing charge on home loan by banks (with indicative EMI)

Lender’s name	Floating interest rate (Per cent, per annum)	EMI per Rs one lakh (in Rs)	Processing fee
Axis Bank	6.9-8.55	769-871	Up to 1% of the loan amount, subject to a minimum of Rs 10,000.
Bank of Baroda	6.85-8.20	766-849	0.25% to 0.5% of the loan amount (Rs 8,500 to Rs 25,000).
Bank of India	6.95-8.35	772-858	0.25% of the loan amount (Minimum of Rs 1,500 and maximum of Rs 20,000).
Canara Bank	6.9-8.9	769-893	0.50% (Minimum of Rs 1,500 and maximum of Rs 10,000).
Central Bank	6.85-7.3	766-793	0.50% of the loan amount, subject to a maximum Rs 20,000.
Indian Bank	7.0-7.40	775-799	0.230% on the loan amount, with a maximum of Rs 20,470.
HDFC Ltd	6.80-8.0	763-836	For salaried individuals and self-employed professionals: Up to 0.50% of the loan amount or Rs 3,000, whichever is higher.Self-employed non-professionals: Up to 1.50% of the loan amount or Rs 4,500, whichever is higher. (Taxes extra)
ICICI Bank	6.80-8.05	763-840	0.50% of the loan amount, plus applicable taxes.
IOB	7.05-7.3	778-793	0.5%, up to Rs 25,000.
PNB	6.80-7.75	763-821	Full waiver of upfront/processing fees and documentation charges during the new year bonanza period from January 1, 2021 to March 31, 2021.
SBI	6.8-6.95	763-772	0.40% of the loan amount plus applicable GST, subject to a minimum of Rs 10,000 and a maximum of Rs 30,000, plus GST.*100% waiver on processing fee.
South Indian Bank	7.95-9.45	833-929	0.50% of the loan amount (Minimum of Rs 5,000 and maximum of Rs 10,000).
UCO Bank	6.90-7.25	769-790	0.50% of the loan amount (Minimum of Rs 1,500 and maximum of Rs 15,000).
Kotak Mahindra Bank	6.75-8.45	760-865	0.25% to 1%, plus GST.
Union Bank	6.8-7.40	763-799	0.50% of the loan amount, subject to a maximum of Rs 15,000 (plus applicable tax).

Note:

The EMI is based on a loan amount of Rs one lakh for a tenure of 20 years.

Data taken from respective bank’s website, as on February 12, 2021.

Home loan interest rates and EMI in top 15 banks, in January 2021

January 12, 2021: With the start of 2021, the real estate sector is hoping for a robust recovery after a sluggish growth in activities in 2020. Home loan interest rate continuously fell in 2020 and ended with in the low range of around 6.75% to 7%. The Reserve Bank of India (RBI) kept key policy rates unchanged in the last meeting of 2020. However, it kept the option open for a rate cut, depending on whether the inflation rate falls or rises shortly. If the CPI rate falls below the RBI’s expectation, then, it may allow the central bank to ease policy rates, to further stimulate economic growth. However, any rise in crude prices can dampen the hopes of a rate cut. Some of the large private and public banks are now offering their lowest home loan interest rates at below 7% level and have also considerably slashed their processing fees. In the coming weeks, the union budget 2021 will be another big factor that would impact the interest rate trend.

It is time for home loan borrowers to start thinking about various ways through which they can manage their EMIs, if the interest rate trend reverses and rates starts inching up.

Interest rate and processing charge on home loan by banks (with indicative EMI)

Lender’s name	Floating interest rate (Per cent, per annum)	EMI per Rs one lakh (in Rs)	Processing fee
Axis Bank	6.9-8.55	769-871	Up to 1% of the loan amount, subject to a minimum of Rs 10,000.
Bank of Baroda	6.85-8.20	766-849	0.25% to 0.5% of the loan amount (Rs 8,500 to Rs 25,000).
Bank of India	6.95-8.35	772-858	0.25% of the loan amount (Minimum of Rs 1,500 and maximum of Rs 20,000).
Canara Bank	6.9-8.9	769-893	0.50% (Minimum of Rs 1,500 and maximum of Rs 10,000).
Central Bank	6.85-7.3	766-793	0.50% of the loan amount, subject to a maximum of Rs 20,000.
Indian Bank	7.0-7.40	775-799	0.230% on the loan amount, with a maximum of Rs 20,470.
HDFC Ltd	6.90-8.0	769-836	For salaried individuals and self-employed professionals: Up to 0.50% of the loan amount or Rs 3,000, whichever is higher.Self-employed non-professionals: Up to 1.50% of the loan amount or Rs 4,500, whichever is higher. (Taxes extra)
ICICI Bank	6.90-8.05	769-840	0.50% of the loan amount, plus applicable taxes.
IOB	7.05-7.3	778-793	0.5%, up to Rs 25,000.
PNB	6.80-7.75	763-821	Full waiver of upfront/processing fees and documentation charges during the new year bonanza period from January 1, 2021 to March 31, 2021.
SBI	6.8-6.95	763-772	0.40% of the loan amount plus applicable GST, subject to a minimum of Rs 10,000 and a maximum of Rs 30,000, plus GST.*100% waiver on processing fee.
South Indian Bank	7.95-9.45	833-929	0.50% of the loan amount (Minimum of Rs 5,000 and maximum of Rs 10,000).
UCO Bank	6.90-7.25	769-790	0.50% of the loan amount (Minimum of Rs 1,500 and maximum of Rs 15,000).
Kotak Mahindra Bank	6.75-8.45	760-865	0.25% to 1%, plus GST
Union Bank	6.8-7.40	763-799	0.50% of the loan amount, subject to a maximum of Rs 15,000 (plus applicable tax).