Good news for home buyers; home loans get cheaper

India's top lenders are offering reduced home loan interest rates to boost demand during the ongoing festive season.

Dreaming of owning your dream home? Well, banks are laying out the red carpet for you. 

India's top lenders are offering reduced home loan interest rates to boost demand during the ongoing festive season.

Here's a look at some of the revised home loan offered by major lenders.

LIC HFL Home Loan: 6.90% p.a. onwards (Floating Rate)
Loan Amount: Rs 30 lakh - Rs 5 crore 
Tenure Range: 5-30 Years

Union Bank Home Loan: 6.70% - 7.175% (Floating Rate)
Loan Amount: Rs 25 lakh minimum
Tenure Range: 1-30 Years

HDFC Ltd Home Loan: 6.95% - 7.50% (Floating Rate)
Loan Amount: Rs 5 lakh - Rs 10 crore
Tenure Range: 1-30 Years

Axis Bank Home Loan: 8.40% - 11.75% (Fixed /Floating Rates) 9.25% (Floating Rates)
Loan Amount: Rs 5 lakh - Rs 10 crore
Tenure Range: 1-30 Years

ICICI Bank Home Loan: 8.65% - 10.35% (Floating Rate)
Loan Amount: Rs 5 lakh - Rs 10 crore
Tenure Range: 3-30 Years

PNB Housing Home Loan:  8.60% - 9.45% (Floating Rate)
Loan Amount: Rs 8 lakh Minimum
Tenure Range: 1-30 Years

SBI Home Loan: 6.90% - 7.50% (Floating Rate)
Tenure Range: 1-30 Years

Bank Of Baroda Home Loan: 6.85% - 8.35% (Floating Rate)
Loan Amount: Rs 1 lakh - Rs 2 crore
Tenure Range: 30 Years

Canara Bank Home Loan:  6.90% to 8.90% (Floating Rate)
Tenure Range: 30 Years

Data compiled from Bankbazaar