Home Loans Hub Twitter Button from twitbuttons.com
  Home Improvement Loans   Home Equity Loans   Mortgage Calculator   Get Home Loans
 Home  » Indian Bank  » Home Loan Rates

Indian Bank Home Loan Rates

Indian Bank Home Loan Rates are basically very attractive and competitive at the same time in comparison with the home loan interest rate charged by various other housing finance lending banks and financial institutions in whole of the Indian banking sector. Like most of the public sector and private sector home loan lenders in the country Indian Bank also provides home loan on interest rate on the basis of - Fixed rate of interest and Floating rate of interest.

The home loan rate is a phenomena that is generally determined by the movements in the home loan market. The rate of interest charged on home loan is possibly the most important element that is taken into account by every home loan seeker. With a view to entice more and more home loan seekers the banks keep on cutting down the rate of interest charged on the home loan schemes considering housing loan being a highly competitive sector in India's realty sector. The home loan rates are approved by 'Finance Authority Of India' in the country. Following are the two types of home loan interest rate schemes offered in India:

Indian Bank Home Loan Floating Interest Rate



The rate of interest charged under Floating interest rate scheme vary according to the prime lending rate recommended by RBI(Reserve Bank of India) for the home loan sector. The floating interest keeps on changing frequently once in a while depending upon the market movements. If the floating rate on home loan falls then it benefits the loan borrower but if it increases then the consumer ends up coughing up more money. The interest keeps on fluctuating during the loan tenure based on market performance. It is recommended that one must go for such an interest rate scheme if you get a feel that interest rates have reached to such a high level that from their it is only going to plummet.

Fixed Interest Rate - Fixed home loan interest rate charged by the home loan lender remains unchanged during the entire tenure of the home loan. Home loan seekers are sure that the home loan rates are all-time low and from here it is only going to increase. Current Interest Rate on Home loan Charged by Indian Bank:

Indian Bank Home Loan Fixed Rate of Interest



  • For a period of up to 5 years - The bank charges an interest of 9% on a loan amount of up to Rs 20 lakhs, the interest charged on an amount of over Rs 20 lakhs to Rs 30 lakhs is charged at 9.25%, the floating interest rate on an amount of loan of over Rs 30 lakhs to Rs 2 crore is charged at 9.75%.
  • For a period of over 5 years to 10 years - Indian Bank charges an interest of 9.25% on a home loan amount of up to Rs. 20 lakhs, the rate of interest on an amount over Rs 20 lakhs to Rs 30 lakhs is charged at 9.50% and the interest on an amount of loan over Rs 30 lakhs to Rs 2 crore is charged at 10%.


  • For a loan tenure of over 10 years to 15 years - The bank charges an interest rate of 9.50% on a loan amount of up to Rs 20 lakhs, the rate of interest increases to 9.75% on a loan amount of above Rs 20 lakhs to Rs 30 lakhs and on a home loan amount of over Rs 30 lakhs to Rs 2 crore is charged at 10.25%.
  • For a tenure of over 15 years to 20 years - The rate of interest charged on an amount of up to Rs 20 lakhs is 9.75% and increases to 10% for a loan amount of over Rs 20 lakhs to Rs 30 lakhs whereas, the interest rate on a home loan of over Rs 30 lakhs to Rs 2 crore is charged at 10.50%.

    For more on Indian Bank Home Loan Rates log on to: www.indianbank.org


  • Indian Bank

    Home Loan

    Home Loan Calculator