Interest rates on housing loans
(Sunday, June 18, 2000)
Less than
Rs.10,000
Rs.10,001-
25,000
Rs.25,001-
50,000
Rs.50,001-
70,000
Rs.70,001-
1.50 lakhs
Rs.1.51 lakhs-
2 lakhs
Rs.2.01 lakhs-
Rs.3 lakhs
Rs.3.01 lakhs-
Rs.5 lakhs
Rs.5.01 lakhs-
Rs.8 lakhs
Rs.8.01 lakhs-
Rs.10 lakhs
Rs.10.01 lakhs-
Rs.15 lakhs
Rs.15.01 lakhs
and above
Bank of India 12.20 12.20 12.20 12.20 12.20 12.20 13.50 13.50 14.50 14.50 14.50 14.50
BOB Housing Finance 12.00 12.00 12.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.50 13.50
Can Fin Homes 13.25 13.25 13.25 13.25 13.25 13.25 13.25 13.25 13.25 13.25 13.25 13.25
Central Bank of India 12.00 12.00 12.00 12.00 12.00 12.00 12.50 12.50 12.50 12.50 13.00 13.00
GIC Housing Finance 12.00 12.00 13.50 13.50 13.50 13.50 13.50 13.50 14.00 14.00 15.00 15.00
Housing and Urban Development Corporation 11.50 11.50 11.50 12.75 12.75 12.75 13.00 13.00 13.00 13.00 13.00 13.00
Housing Development Finance Corporation 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00
LIC Housing Finance 12.00 12.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00
PNB Housing Finance 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.50
SBI Home Finance 12.30 12.30 12.30 12.30 12.30 12.30 13.30 13.30 14.30 14.30 14.30 14.30
State Bank of India 11.50 11.50 11.50 11.50 11.50 11.50 12.50 12.50 12.50 12.50 12.75 12.75
State Bank of Travancore 12.20 12.20 12.20 12.20 12.20 12.20 14.00 14.00 14.00 14.00 14.20 14.20
Syndicate Bank 13.30 13.30 13.30 13.30 13.30 13.30 13.80 13.80 14.30 14.30 14.80 15.30
Birla Home Finance 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50
Dewan Housing Finance Corpn. 12.00 12.00 13.50 13.50 13.50 13.50 14.00 14.00 15.00 15.00 ---- ----
Hometrust Housing Finance Company 13.00 13.00 13.00 13.50 13.50 13.50 13.50 13.50 13.50 13.50 14.00 15.00
ICICI Home Finance 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75 12.75
Maharishi Housing Dev. Fin. Corpn. 12.00 12.00 12.75 12.75 12.75 12.75 13.00 13.00 13.00 13.00 13.25 13.25
Sundaram Home Finance 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00
Weizmann Homes 12.50 12.50 13.00 14.00 14.00 14.00 14.00 14.00 14.50 14.50 15.75 15.75

## For amounts between Rs.5.01 lakhs and Rs.10 lakhs, SBI Home Finance charges 15 per cent for up to five years, 15.50per cent for up to 10 years and 16.50 per cent for over 10 year tenure. For loans above Rs.10 lakhs it charges 15 per cent for up to5 years, 15.50 per cent for up to 10 years and 16.50 per cent for over 10 year tenure.HDFC Charges 15 per cent on loans exceeding Rs.15 lakh and with a tenure more than 10 years.Weizmann Homes charges 17.50 per cent for loans from Rs.20.01 lakhs up to Rs.25 lakhs.