Top 15 Banks: Home Loan Interest Rates and EMI (December 2021)

Sujan Afi S

After a hectic day of your life, do you feel good to go to a movie? No, right? At the end of the day, we always wish to return to our home.

Why? Because it is a place where we find a sense of peace and stability. It is a place where we need not put an artificial smile on our faces. We need not try to be perfect. It is the place where we can be as we want. It is a place where we feel safe and secure. 

We always dream of buying a house. But the dream gets deferred because of the lack of cash at hand. Here comes the importance of home loans. Our intense passion energizes us to apply for a home loan. Before going to apply for the loan, it will be better to have a general idea of the interest rates and EMI of various banks. Then you can avail what’s best for you! 

So, today we are going to discuss the interest rates and EMI of various banks for a home loan.

This blog is surely going to help you choose the best bank as per your needs. 

Home Loan Interest Rates and EMI

The interest rate for a home loan of any bank mainly depends on the floating rate system. Depending on the terms and conditions of a bank the rate of interest may change with time and the market situation. The tenure period (the time in which you are going to repay the loan amount) also affects the rate of interest. 

The EMI amount, on the other hand, is calculated largely on the interest rate. According to the terms and conditions of a bank, the EMI may also include various other service charges. The credit profile of the loan applicant also has an influencing role in determining the rate of interest for a home loan. Usually, a good credit profile helps in lowering down the interest rates.

Home Loan Interest Rates and EMI in Top 15 Banks of India in December 2021

With the changes of the bank, the interest rates and EMI varies in the banks of India. The top 15 banks of India and their home loan interest rates, as well as the EMI, are mentioned below in a table format:

* The EMI is based on a loan amount of Rs one lakh for a tenure of 20 years

In Summary

The home loan interest rates and EMI largely varies with the change of bank, time, loan tenure period, and market situation. Therefore, it is advisable to go through the details about the updated status of the interest rates and EMI of the home loan of different banks before making any decision. 

I hope you have got a clear and crisp idea about the interest rate and EMI for home loans. In case you have any doubt, please feel free to contact us at


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