Explore catalogue loan products, compare planning estimates and read lender-linked reviews. Rates, eligibility and conditions need checking with each lender.
No verification date is recorded for this catalogue. These are planning examples, not confirmed current offers. Check lender sources and product limits before deciding.
8 Catalogue products · Sorted by catalogue starting rate
| Bank and product | Interest Rate | Benchmark spread | Maximum term | Processing fee | Actions |
|---|---|---|---|---|---|
Canara Bank | 7.15% - 10.00% p.a. on reducing | RLLR + 0.00% | 30 years (360 months) | 0.5% (cap ₹10,000) + 18% GST | |
Punjab National BankOverdraft | 8.10% - 9.50% p.a. on reducing | RLLR + 0.10% | 30 years (360 months) | 0.35% (cap ₹15,000) + 18% GST | |
State Bank of IndiaOverdraft | 8.40% - 9.65% p.a. on reducing | EBLR + 1.90% | 30 years (360 months) | 0.35% (cap ₹10,000) + 18% GST | |
Bank of BarodaOverdraft | 8.40% - 10.60% p.a. on reducing | RLLR + 1.90% | 30 years (360 months) | 0.25% (cap ₹10,000) + 18% GST | |
Bajaj Housing Finance | 8.45% - 10.30% p.a. on reducing | REPO + 1.95% | 30 years (360 months) | 0.3% (cap ₹8,500) + 18% GST | |
HDFC Bank | 8.50% - 9.40% p.a. on reducing | REPO + 2.00% | 30 years (360 months) | 0.5% (cap ₹15,000) + 18% GST | |
ICICI BankOverdraft | 8.75% - 9.65% p.a. on reducing | REPO + 2.25% | 30 years (360 months) | 0.5% (cap ₹12,500) + 18% GST | |
Axis BankOverdraft | 8.75% - 9.80% p.a. on reducing | REPO + 2.25% | 30 years (360 months) | 0.5% (cap ₹25,000) + 18% GST |
Since October 2019, all floating-rate retail housing loans sanctioned by commercial banks are mandated by the RBI to be linked to external benchmarks (primarily the RBI Repo Rate). When the RBI monetary policy committee adjusts the repo rate, your home loan rate and EMI adjust within 90 days, guaranteeing immediate institutional transparency over older MCLR regimes.
Under RBI Master Directions (DBR.Dir.BC.No.63/13.03.00/2014-15), banks and Housing Finance Companies (HFCs) are strictly prohibited from levying any foreclosure charges or prepayment penalties on floating-rate housing loans sanctioned to individual borrowers. You have complete legal freedom to part-prepay principal at any time to accelerate amortization with zero penalty.
Home loans provide substantial tax savings under the Income Tax Act: Section 24(b) allows up to ₹2,00,000 annual deduction on interest repaid for a self-occupied property. Under Section 80C, principal repayments qualify for deductions up to ₹1,50,000 per financial year along with stamp duty and registration fee benefits in the year of purchase.
Under RBI Master Directions, individual retail borrowers paying floating interest rates on home, auto, and personal credit lines are legally protected against any foreclosure or prepayment penalty.
Commercial banks must price retail credit off external benchmarks like the RBI Repo Rate (EBLR). Spread adjustments are strictly governed and cannot be arbitrary during the loan tenure.
CredSutra factors in Day-1 upfront cash outlays, including processing charges, 18% GST, and valuation fees alongside lifetime compounding interest for 100% objective cost discovery.
No verification date is recorded for this catalogue. These are planning examples, not confirmed current offers. Check lender sources and product limits before deciding.