The following table illustrates the comparison between the interest rates from various Housing Finance Companies and banks.

As is apparent from the table, one can get the best fixed loans deals for a period of 0-20 years from the “Bank of India”, expect of course, when the loan period is between 6-10years, where Punjab National Bank would let you have the best deal as far as the percentage of interest is concerned.

Food for thought:
Since the EMIs are calculated using the compound interest, so, the best offer for the loans in not coming from Bank of India, but Punjab National Bank, which has lower initial rates as well.

Again, if one wishes to go for floating loans, the bank which gives the best deal as far as the interest rate is concerned is HDFC followed by PNB Housing Finance with the lower rates.

As you know, there are quite a few hidden prices involved as well, so, please be very vigilant while approaching a bank for a loan, because, the best rate may not be the best deal always.

Disclaimer: The data on interest rates presented here are updated regularly. Please re-check the rates with the respective banks and HFCs before finally deciding to take a loan from one of them. We do not guarantee any of the rates offered.