Indian Bank, a premier lending agency, offers home loans at fixed rate of interest for a maximum repayment period of 10 years. A floating rate of interest is applicable if the repayment period goes beyond 10 years. The current rate under fixed rate home loans for amount upto Rs 20 lakhs taken for a duration of 5 years would stand at 11.00 percent. The fixed rate of interest increases to 11.50 percent, if the repayment period goes upto 10 years.
For a loan amount between Rs 20-30 lakhs, Indian Bank home loan would carry a fixed interest rate of 12.00 percent for a repayment period upto 10 years. Similarly, interest on fixed rate home loans for an amount upto 2 crores would be 12.00% for upto 10 years of repayment period. | 
