Take a look at top housing finance companies such as LIC, HDFC and PNB housing and their latest home loan interest rates.
LIC Housing Finance home loan rates
According to LIC Housing’s website, the prime lending rate (LHPLR) is 17.05%( ROI updated as on 01.05.2023). The new home loan interest rates will now begin at 8.45%. The maximum payback duration for salaried individuals is 30 years. Maximum payback time for self-employed people is up to 25 years.
According to the LIC Housing website, home loan interest rates start from 8.45% for salaried and professional borrowers for credit score equal or above 750 for loans up to Rs 2 crore. For salaried and professional individuals with credit score between 700-749, interest rate will be 9.30% up to 5 crore and 9.50% and more than Rs 5 crores & up to 15 crores. For CIBIL Score between 600-699, interest rate offered is 9.55% up to Rs 50 lakh, 9.75% for amounts more than Rs 50 Lakhs & up to 2 crore and 9.90% for amounts more than 2 cr & up to 15 crs.
HDFC home loan rates
HDFC Retail Prime Lending Rate as per the website is 18.55%. HDFC Adjustable home loan interest rates are linked to HDFC’s Bench Mark Rate (“RPLR”) and are variable throughout the tenor of the loan.
For special home loan rates for salaried & self employed, HDFC Ltd offers home loan interest rate between 8.50 – 9.00% per annum.Customers opting for standard home loan rates for professional & non-professionals, housing company will charge interest rate between 8.70 – 9.60% per annum, according to the HDFC Ltd website.According to the HDFC website, “The above Home Loan interest rates/ EMI are applicable for loans under the Adjustable Rate Home Loan Scheme of Housing Development Finance Corporation Limited (HDFC) and are subject to change at the time of disbursement. The Home Loan interest rates above are linked to HDFC’s Bench Mark Rate (“RPLR”) and are variable through out the tenor of the loan. All loans are at the sole discretion of HDFC Ltd. For further details regarding the loan slabs and interest rates above
PNB housing finance home loan rates
Home loans are available from PNB Housing to salaried and self-employed individuals. Note that all home loans provided by PNB Housing have fluctuating interest rates and also interest rate may vary depending on your credit score.
| Credit Score | Salaried / Self – employed professional (SEP) | Self – employed non – professional (SENP) |
| >=825 | 8.75% to 9.25% | 8.8% to 9.3% |
| >800 to 825 | 8.75% to 9.25% | 8.90% to 9.40% |
| >775 to 799 | 9.20% to 9.70% | 9.80% to 10.30% |
| >750 to | 9.35% to 9.85% | 10.15% to 10.65% |
| > 725 to | 9.70% to 10.20% | 10.30% to 10.80% |
| > 700 to | 10.05% to 10.55% | 10.75% to 11.25% |
| > 650 to | 10.45% to 10.95% | 10.95% to 11.45% |
| upto 650 | 10.45% to 10.95% | 10.95% to 11.45% |
| NTC Cibil >=170 | 10.45% to 10.95% | 10.95% to 11.45% |
| NTC Cibil | 10.35% to 10.85% | 10.85% to 11.35% |
Home loan interest rate for amounts above Rs 35 lakh
The interest rate on home loans of above Rs 35 lakh for salaried employees with credit scores of 825 or higher is between 8.75% to 9.25%. Salaried individuals with credit scores ranging from 800 to 825 are eligible for an interest rate between 8.75% to 9.25%, while those with credit scores ranging from 775 to 799 are eligible for an interest rate between 9.20% to 9.70%. For salaried individuals with credit scores ranging from 750 to
