Current Home Mortgage Interest Rates for August 1, 2025

Current Home Mortgage Interest Rates for August 1, 2025

Home Loan Interest Rates in India: March 2019 Overview

As of March 19, 2019, home loan interest rates in India generally ranged from approximately 8.35% to 11% per annum, with both fixed and floating rate options available.

Typical Rates Around March 2019

• Fixed Interest Rates: These were usually on the higher side, often around 9.5% to 11% p.a., depending on the lender and borrower profile.
• Floating Interest Rates: These were commonly linked to benchmarks such as the RBI repo rate or State Bank of India Benchmark Prime Lending Rate (BPLR), typically starting around 8.35% to 9.5% for prime borrowers and varying higher based on credit score and loan type.

Supporting Context and Examples

• Historical data over the last decade shows home loan rates fluctuated mostly between 6.7% and 11% p.a., with rates in 2019 largely towards the higher end of this spectrum due to then-prevailing RBI policies[1].
• Specific banks around 2019 typically offered:
• Axis Bank: ~8.75% to 9.15%
• HDFC Limited: ~8.50% to 9.60%
• Bank of Baroda: ~8.50% to 10.60%
• Bank of India: starting at 8.85%[1]
• Floating rates were predominant, linked to repo or MCLR benchmarks, with periodic revisions affecting EMI amounts.
• Some housing finance companies (e.g., LIC Housing Finance) offered floating plot loan rates in the range of about 8.75% or slightly higher, depending on market rate fluctuations[4].

Differences Between Fixed and Floating Rates

• Fixed rates provide stable EMI payments but tend to be slightly higher as they factor in future rate risk.
• Floating rates fluctuate with benchmark rates, offering potentially lower initial rates but risk of increase.

Note on Current Data Availability

While detailed exact rates on March 19, 2019, are not directly cited in the search results from that specific date, the historical and trend data presented in source [1] reflect that home loan rates around early 2019 were close to or above 8.35%, peaking near 10-11% for certain profiles and loan types. Rates have generally decreased since then into the 2020s but were higher in 2019.

If you need exact historical official rate sheets from March 2019, those would typically be archived on bank websites or RBI publications but are not present in the current search results.

Banks and Housing Finance Companies

• Bank of Baroda offers fixed interest rates of 9.15-10.20% for loan amounts under Rs. 30 lakh, 9.15-10.20% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 9.15-10.20% for loan amounts over Rs. 75 lakh.
• ICICI Bank offers a floating interest rate of 7.70% and above for all loan amounts, as well as fixed interest rates of 8.65-11.80% for all loan amounts.
• Aditya Birla Housing Fin offers floating interest rates of 8.25% and above for all loan amounts.
• HDFC Bank offers floating interest rates of 7.90-13.20% for all loan amounts.
• Karnataka Bank offers fixed interest rates of 12.27-12.99% for all loan amounts.
• Canara Bank offers fixed interest rates of 8.75-11.0% for all loan amounts.
• Union Bank of India offers fixed interest rates of 11.4% for loan amounts under Rs. 30 lakh, 11.4-12.4% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 12.4-12.65% for loan amounts over Rs. 75 lakh.
• Kotak Mahindra Bank offers a floating interest rate of 7.99% and above for all loan amounts.
• Indian Bank offers fixed interest rates of 9.45-9.65% for all loan amounts, as well as floating interest rates of 7.40-8.80% for loan amounts under Rs. 30 lakh, 7.40-8.80% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 7.40-8.80% for loan amounts over Rs. 75 lakh.
• IOB offers floating interest rates of 7.35-8.45% for loan amounts under Rs. 30 lakh, 7.35-8.45% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 7.35-8.45% for loan amounts over Rs. 75 lakh.
• State Bank of India offers floating interest rates of 7.50-8.45% for all loan amounts.
• Sundaram Home Finance Ltd offers floating interest rates of 10% and above for all loan amounts.
• Union Bank of India offers fixed interest rates of 11.4% for loan amounts under Rs. 30 lakh, 11.4-12.4% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 12.4-12.65% for loan amounts over Rs. 75 lakh.
• DBS Bank offers a floating interest rate of 8.75% and above for loan amounts under Rs. 30 lakh, for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and for loan amounts over Rs. 75 lakh.
• LIC Housing Finance Ltd offers floating interest rates of 7.50-9.70% for loan amounts under Rs. 30 lakh, 7.50-9.90% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 7.50-10.0% for loan amounts over Rs. 75 lakh.
• IDBI Bank offers floating interest rates of 7.65-12.15% for all loan amounts, as well as fixed interest rates of 10.90-12.0% for all loan amounts.
• Canara Bank offers floating interest rates of 7.30-10.25% for loan amounts under Rs. 30 lakh, 7.30-10.25% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 7.30-10.25% for loan amounts over Rs. 75 lakh.
• Yes Bank offers floating interest rates of 9.0-11.50% for all loan amounts.
• IDBI bank offers fixed interest rates of 10.90-12.0% for all loan amounts.
• Bank of India offers floating interest rates of 7.35-10.10% for loan amounts under Rs. 30 lakh, 7.35-10.10% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 7.35-10.10% for loan amounts over Rs. 75 lakh.
• PNB Housing offers floating interest rates of 8.25-12.15% for loan amounts under Rs. 30 lakh, 8.25-12.35% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 8.25-12.35% for loan amounts over Rs. 75 lakh.
• Piramal Capital & Housing Finance offers floating interest rates of 9.50% and above for all loan amounts.
• Bajaj Finserv offers floating interest rates of 7.49-10.85% for all loan amounts.
• UCO Bank offers floating interest rates of 7.35-9.50% for all loan amounts.
• Samman Capital offers floating interest rates of 8.75% and above for all loan amounts.
• RBL Bank offers a floating interest rate of 9.0% and above for all loan amounts.
• Punjab & Sind Bank offers floating interest rates of 7.55-10.75% for all loan amounts.
• Tamilnad Mercantile Bank offers floating interest rates of 8.15-9.50% for all loan amounts.
• GIC Housing Finance Ltd offers floating interest rates of 8.80% and above for all loan amounts.
• Axis Bank offers fixed interest rates of 14.00% for all loan amounts.
• LIC Housing Finance Ltd offers fixed interest rates of 10-10.25% for all loan amounts.
• Punjab National Bank offers floating interest rates of 7.55-9.20% for loan amounts under Rs. 30 lakh, 7.50-9.20% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 7.50-9.10% for loan amounts over Rs. 75 lakh.
• Punjab National Bank offers fixed interest rates of 8.55-10.70% for loan amounts under Rs. 30 lakh, 8.50-10.70% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 8.55-10.60% for loan amounts over Rs. 75 lakh.
• IIFL Home Finance offers floating interest rates of 8.75% and above for all loan amounts.
• South Indian Bank offers floating interest rates of 8.30-10.60% for all loan amounts.
• J&K Bank offers a floating interest rate of 8.0% and above for all loan amounts.
• Union Bank of India offers floating interest rates of 7.30-10% for all loan amounts.

[1] Source: BankBazaar.com (2019) [2] Source: Moneycontrol.com (2019) [3] Source: TimesofIndia.com (2019) [4] Source: LICHousingFinance.in (2019)

In March 2019, personal-finance companies like Axis Bank and LIC Housing Finance were offering floating interest rates on housing loans that started at approximately 8.75%, while HDFC Limited was offering a range of fixed rates from around 8.50% to 9.60%. Investing in personal-finance, such as home loans, meant that borrowers were faced with a choice between fixed rates with slightly higher EMI payments but stability, and floating rates that fluctuated with benchmarks and offered potentially lower initial rates but risk of increase.

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