The Home Loan Floating Interest rate changes as the Base Rate (BR) and Benchmark Prime Lending Rate (BPLR) changes. In India the interest rates are always on the way UP. Fixed Rates are always better when your loan period is going to be 20 Years (During which floating interest rates will hurt you most).

Choose wisely and pick the right Home loan term and interest rates as its your lifetime commitment.

Base Rate (BR) of the Bank – 10.75% w.e.f. 01.08.2011
Benchmark Prime Lending Rate (BPLR) of the Bank – 15% from 01.08.2011

JK Bank Home Loan Interest Rate Charges
Fixed Rate - 12.75%
Floating Rate - (BR + 3.25)%

Bank Of India Home Loan Interest Rate Charges
Floating Rate - 11%

Federal Bank Home Loan Interest Rate Charges
Floating Rate - 11.5%

Canara Bank Home Loan Interest Rate Charges
Floating Rate - BR + 1.00% (0.25% p.a for loan for acquisition of second house/flat)

Bank of Baroda Home Loan Interest Rate Charges
Floating Rate - 1.00% above Base Rate (11.75% currently)

Karur Vysya Bank Home Loan Interest Rate Charges
Floating Rate - (BPLR-2.50)% [Currently 12.50%]

Federal Bank Home Loan Interest Rate Charges
Floating Rate - Base Rate + 0.53%