What Are The Latest HFL Interest Rate In India?

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A housing loan can be availed from a bank or housing finance company. The choice is of the customers where do they want to apply. If they are willing to apply at a housing finance company, they can do it. Bur, the first step should be to check what are the interest rates at them so that you can compare best hfl interest rate and then apply for the one which suits your purpose.

There are many factors that vary from bank to housing finance companies. Housing finance companies only offer housing related loans such as home loans and loan against property. Even though these two loans are related to property, they are totally different in their own way. So, figure out your requirement and then proceed the application.

Home Loan Interest Rates at all Housing Finance Companies in India

The existing interest rate at all the housing finance companies in India are as follows:

  1. Bajaj Finance/Finserv 8.85% - 11.15%
  2. DHFL 9.05% - 9.95%
  3. Fullerton India 8.50% - 17%
  4. HDFC Ltd 8.80% - 9.55%
  5. Indiabulls HFL 8.80% - 11.05%
  6. LIC Housing Finance Ltd 8.95% - 9.15%
  7. PNB Housing Finance Ltd 9.00% - 13.00%
  8. Reliance Home Finance 8.75% - 14.00%
  9. Tata Capital 9.00% - 9.45%

LIC home loan interest rates

Look at different LIC hfl home loan interest rates for both salaried and self-employed professional.

  • Salaried 360 8.95 8.95 1 5000000
9.05 9.05 5000001 50000000
  • Self-employed     240 8.95 9.05 1 5000000
9.05 9.15 5000001 50000000
PNB Home Loan Interest Rates

PNB hfl interest rate range between 9-13% per annum.

HDFC Home Loan Interest Rates

HDFC home loan interest rates start from 8.90% per annum and go up to a maximum of 9.65% per annum.

Indiabulls Home Loan Interest Rate

The housing loan interest rate at Indiabulls housing finance is 8.80%-11.05% per annum.

Home Loan EMI Calculator

You can check your payments even before applying for the loan. Use a loan home loan EMI calculator for this and mention following details:

  • Loan amount
  • Tenure
  • Interest rate
For instance, if you getting the rate approval at as per your eligibility and income, your payments would be as follows:

Loan amount- ₹20 lakhs
Tenure- 20 years

The payment details will be as follows:

Monthly EMI- ₹17,866
Total Interest Outgo- ₹22,87,862
Total Amount (Interest + Principal)- ₹42,87,862

How can you get lowest hfl interest rate?

Even though there is no trick to get the lowest hfl interest rate, you can try your best to make your profile strong so that you become eligible for rate negotiation. Any lender would consider your income and property value/location to decide whether or not you are eligible for the loan approval and for lower rate of interest. So, if you have high income and professional stability and you have also bought an authorized property from an authorized dealer in an authorized location, your profile will be considered suitable for the approval.

With the above details on the different options for a housing loan and hfl interest rate at those lenders, you can figure out which is the best choice for you.
Location: India

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