Home Loan Interest Rates Overview

If you are taking best home loan rates in Delhi, it's interest rate is a major factor that affects the total cost of your mortgage loan. Since the home loan amount is high and the tenure of the home loan is also long, home loan interest can have long-term financial implications. Getting a lowest interest home loan in Delhi will not only result in lower EMIs but also lower your home loan interest payments. If we talk about the low interest interest rate home loan, then the lowest interest rate till date is 7.0%* p. a. Hence, home loan borrowers should try to get a home loan at the lowest possible interest rate.

The rate of interest for housing loan also depends on your selection of interest rate type.

There are two types of interest rates for home loan:

Fixed interest rate- In fixed interest rate, there is no increase or reduction in your EMI, it remains the same for the entire tenure.

Floating interest rates- It changes in floating rate, in this your interest rate can increase or decrease.

Fixed interest rates: On a fixed rate loan, your EMI does not change for the entire housing loan tenure. In fixed rate, banks fix the interest rate of the house loan at the beginning. This rate is applicable for the entire tenure of the home loan. At the time of taking the affordable home loan options Delhi, it is known that how much installment will you have to pay every month.

  • Advantages- Fixed rate home loans can prove beneficial only if the Reserve Bank of India (RBI) hikes the repo rate in the coming years. You can save your money if the bank will hike their interest rates.
  • Disadvantages- If RBI will announce to decrease rate of interest of all banks so, you will have pay your EMIs on your old and fixed interest rates and you will be not applicable to take advantages of the decrease interest rates.

Floating interest rates: In floating rate, the interest rate of your home loan is decided on the basis of the floating rate along with the base rate. In such a situation, the fluctuation of the base rate has an effect on the EMI. In the case of floating interest rates for mortgage loan there are chances to increase or decrease interest rates.

  • Advantages- This is beneficial when interest rates are expected to come down in the future. It can be too helpful in decreasing your monthly EMIs and save your money too.
  • Disadvantages- In the rare cases, if the standard rates will increase, then the loan will also increase and the borrower has pay his housing loan at a higher rate of interest.

Factors that Affect Rate of Interest for Personal Loan

Repayment capabilities- Your loan interest rate directly affects how affordable the loan is and the ease with which you can repay it. Your repayment is in the form of EMI, which includes both interest and principal. Low interest rate home loan lowers your EMI.

Credit score- If your credit score will be good i.e. between 750 to 900 then you can get loan at the lowest interest rate. If you don't have a good credit score, it could increase your interest.

Employment status-  People who do permanent jobs, the banks or other financial institutions, they get loans at very reasonable interest rates, because the repayment risk is less with job professions than the self employed.

EMI Calculator & Schedule


Loan EMI


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Total Payment
(Principal + Interest)


Loan Eligibility Calculator


Home Loan Interest Rates Comparison Chart

LenderInterest RateProcessing FeeEMI / LakhLoan Tenure
8.25 %Upto 0.50 (Max Rs 15000)Rs 76230 Years Max
8.45 %Min Rs 3000Rs 74130 Years Max
8.45 %Up to 1% (Min Rs 5000 Max Rs 10000)Rs 72730 Years Max
8.55 %Up to .25 % (Min Rs 3540 Max Rs 1,25,000)Rs 77630 Years Max
8.60 %Min Rs 10000Rs 85220 Years Max
8.60 %Min Rs 10030Rs 76530 Years Max
8.65 %Upto 0.70 (Min Rs 5000 Max 25000)Rs 75530 Years Max
8.65 %upto 0.25Rs 75530 Years Max
8.65 %Up to .50 % (Min Rs 5000 Max Rs 25000)Rs 86220 Years Max
8.65 %Upto 0.35 (Min Rs 2500 Max 15000)Rs 76930 Years Max
8.75 %NILRs 76130 Years Max
8.75 %Up to .05 % (Min Rs 5000 Max Rs 25000)Rs 86220 Years Max
8.75 %Min Rs 10000Rs 74130 Years Max
8.75 %Min Rs 10000Rs 76230 Years Max
8.75 %Min Rs 2500Rs 76930 Years Max
8.75 %Upto 0.50 (Min Rs 5000 Max 40000)Rs75530 Years Max
8.95 %Up to 1% (Min Rs 5000 Max Rs 50000)Rs 77630 Years Max
9.00 %Min Rs 5000Rs 80925 Years Max
9.10 %Upto 0.50 (Min Rs 50000)Rs 79430 Years Max
9.30 %Upto 1.50 (Max Rs 10000)Rs 80130 Years Max


News Update on Home Loan Interest Rates

Home Loan Top Up: Eligibility, key benefits, interest rate – All you need to know

Admin 2022-08-30 12:19:20

A disciplined borrower can use multiple financial products available in the market to make their financial journey smoother. A top-up home loan is one of the easiest ways to borrow money without too much documentation and verification. It also offers more flexibility and better features than other borrowing instruments. One of the main eligibility requirements for a top-up home loan is that you need to be an existing home loan borrower.

A top-up home loan has many benefits. Let’s check out how a top-up home loan works and its key benefits.

Is investment in luxury real estate worth the cost?

Admin 2022-11-15 12:43:04

Luxury has become the most sought after need of every buyer today. Whether it is in the form of residence, services, facilities or any other segment. Owning luxury is a state of comfort and pleasure and a matter of prestige in our society. Real estate by far is the most preferred possession when it comes to status definition; and if it is luxury real estate, the living experience enhances while also adding to the buyer’s value. India has witnessed a massive response in the sale of real estate projects over the past few years, indicating buyers’ incline towards facilities and amenities that come along with the investment in such properties.

Senior Citizen Fixed Deposit Interest Rate is Rising: Check Latest Bank FD Rate Hike Details

Admin 2022-11-26 10:54:29

Latest Bank Fixed Deposit Interest rate for Senior Citizens: Banks have been raising Fixed Deposit rates for senior citizens and other depositors in the last few months. This week, DBS Bank and Union Bank of India raised FD rates.

The Union Bank of India has increased FD rates with effect from November 25. The public sector bank is now offering up to 7.3% interest to regular depositors for FDs of 800 days and 3 years respectively. Senior Citizens can get 7.8% interest for these tenors as the bank provides 0.5% extra interest to them.


DBS Bank has raised the FD rate for senior citizens on deposits of 600 days by 0.75%. DBS bank is now offering 7.75% interest to senior citizens on deposits of 600 days. On FDs of 3 to 4 years, 4 to 5 years and 5 years & above, the DBS bank is offering 7% interest to senior citizens. These rates on DBS bank FDs are effective from November 18, 2022.

How can young investors make money from real estate?

Admin 2022-11-26 10:55:59

Investing in real estate at a very young age is a smart way to build wealth, but the entry barriers are often prohibitively high for anyone in their early to mid-20s. For young people, investing in real estate can seem intimidating, if not impossible. Many younger people mistakenly believe that a successful real estate investor must be “old,” especially as the housing market continues to discourage them. As a result, they decide to postpone their interest in real estate investing until later in life. Time, on the other hand, is the most powerful and wealthy asset that young people have, and with the appropriate investment strategy, you can start to make returns.

Traditional property ownership or making an investment without owning any property both are options for real estate investing. Here are the best ways for young people to get started in the real estate investment market and build long-term wealth.

RBI hikes repo rate again – What should home loan borrowers do now?

Admin 2023-02-10 14:09:53

Global economic volatility and uncertainty as well as surging inflation have prompted the RBI to make another policy rate hike by 25 bps, taking the repo rate to 6.5%. When the repo rate is increased by the central bank, the cost of borrowing for banks also goes up. As a result, they may pass on the higher cost to their customers in the form of higher interest rates on home loans and other types of loans.

This means that home loan borrowers may have to pay a higher rate of interest on their loans, which can increase their monthly repayments. The higher repayments can put a strain on their finances, particularly if they have limited income or multiple loans.

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