Planning to take a home loan? A snapshot of rates offered by various banks

Here's how the home loan rates by public and private sector banks stack up

It's time to go rate shopping with a lender offering better terms under the new regime 

• Since October 1, all banks have shifted to the Reserve Bank of India (RBI) mandated external benchmarks for pricing their new home loans
• Banks, therefore, have to move away from the MCLR regime, where the benchmark was set by banks based on their cost of funds
• Several banks have launched their repo rate-linked loans. Remember, repo-linked loans are expected to be more responsive to RBI’s rate cuts
• To know if it makes sense for you to switch your home loan, check the interest rate you are paying currently