Last 10 years home loan interest rates in India

Securing home loans was a difficult task ten years back. Both the eligibility criteria and home loan interest made borrowers choose other options. At times, people couldn't afford to buy a house due to the higher interest rates. But this is not the case in 2022. If we look at last 10 years home loan interest rates in India, we will be able to see the difference. During the Covid-19 period, the interest rate to secure home loans dropped significantly. Get home loans from your preferred bank by choosing NoBroker home loan services!   I remember in 2019, SBI was offering home loans at an 8% interest rate. But in 2021 that interest rate dropped to 6.5% for home loans of 30 lakh! What a significant drop! Before sharing the data for last 10 years home loan interest rates in india graph, I can share with you details for home loan interest rate 2022.

Name of Lender	Up to 30 Lakh	Above 30 Lakh & Up to 75 Lakh	Above 75 Lakh
Bank of Baroda	6.90% – 8.40%	6.90% – 8.40%	6.90% – 8.65%
Punjab National Bank	6.95% – 8.35%	6.90% – 8.05%	6.90% – 8.00%
Punjab & Sind Bank	6.50% – 7.60%	6.50% – 7.60%	6.50% – 7.60%
State Bank of India	6.65% – 7.65%	6.65% – 7.65%	6.65% – 7.65%
Union Bank of India	6.50% – 8.25%	6.50% – 8.45%	6.50% – 8.45%
Indian Bank	6.50% – 7.70%	6.50% – 7.50%	6.50% – 7.50%
Bank of India	6.90% – 8.75%	6.90% – 8.75%	6.90% – 8.75%
UCO Bank	6.50% – 7%	6.50% – 7%	6.50% – 7%
Bank of Maharashtra	6.40% – 8.30%	6.40% – 8.45%	6.40% – 8.55%
Canara Bank	7.05% – 11.85%	7.05% – 11.85%	7.05% – 11.85%
Indian Overseas Bank	7.05% – 7.40%	7.15% – 7.40%	7.30% – 7.40%

Now, I have done my research and in 2010 SBI was offering home loan at 10.25%. Check out the table below.

Home Loans 2011 State Bank of India (SBI)-
Loan amount	Upto Rs.30 lacs	Above Rs. 30 lacs to Rs. 75 lac
Interest rate during 2nd & 3 rd year	10.25% p.a.	10.25% p.a.
Interest rate for 4th & 5th year	11.25%	11.00%
Interest rate for 6th & 7th year	11.25%	11.00%

I will share the interest rate of 2019 as well since it was the year before Covid-19 hit India. After looking at the chart you will understand how the interest rate dropped.  

Lender’s name	Floating interest rate (Per cent, per annum)	EMI per Rs one lakh (in Rs)
Axis Bank	8.9-9.15	893-909
Bank of Baroda	8.65-9.65	877-942
Bank of India	8.7-9.6	881-939
Canara Bank	8.75-8.95	884-897
Central Bank	8.6	874
Corporation Bank	8.6-9.3	874-919
HDFC Ltd	8.9-9.8	893-952
ICICI Bank	9.1-9.3	906-919
IOB	8.7-8.95	881-897
PNB	8.7-8.8	881-887
SBI	8.75-9.35	884-922
Syndicate Bank	8.75	884
UCO Bank	8.7-8.95	881-897
United Bank	8.65	877
Union Bank	8.8-8.95	887-897

  By looking at this chart you can see how home loan interest rates in last 10 years India changed drastically. The Government is also working at its best to help every individual buy a house. Schemes such as MHADA, PMAY, and CIDCO are in vogue to help out EWS, LIG, and MIG groups. Check your eligibility criteria for home loans by filling out the form below: [widget_homeLoan_checkEligibility_form]   I hope you like this data on the last 10 years home loan interest rates in India. Read more: What Is Floating Interest Rate On Home Loan ? Is co applicant mandatory for home loan ?