Compare home loan interest rates
Compare starting interest rates, processing charges, and maximum tenure across 50+ leading banks, NBFCs, and housing finance companies in India.
RBI repo rate: 5.50% (raised by 25 bps on 7 October 2026). Repo-linked loans reprice at your lender's next reset date.
Want to know your exact interest rate and maximum loan amount?
Rates shown below represent base ranges. Indian lenders determine your final interest rate based on your CIBIL score, monthly salary, and employer category. Check your personalized rates across 50+ lenders in 60 seconds with zero credit impact.
Rate Watch
What changed since our last check · Verified October 11, 2026
Paying 0.50% more than the lowest rate?
On ₹50 lakh with 15 years left, that is about ₹1,416 a month, or ₹2.2 lakh saved after switching costs.
Illustration only. Your saving depends on your balance, tenure and switching costs.
Bank-Wise Home Loan Interest Rates (50+ Lenders)
Verified benchmark rates across public banks, private banks, and housing finance companies.
| Bank / Lender | Lender Type | Interest Rate (% p.a.) | This week | Processing Fee | Max Loan Amount | Max Tenure | Best Suited For | Action |
|---|---|---|---|---|---|---|---|---|
 Canara Bank | Public Sector | 7.15% – 11.00% No change | No change | 0.50% (Min ₹1,500 to Max ₹10,000) + GST | No upper limit | 30 Years | Low processing charges & rural/semi-urban properties | |
 LIC Housing Finance | Housing Finance (HFC) | 7.15% – 10.30% No change | No change | 0.25% to 0.50% or Max ₹15,000 + GST | ₹15 Crore | 30 Years | High loan-to-value (LTV) and lenient underwriting | |
 Union Bank of India | Public Sector | 7.15% – 12.65% No change | No change | 0.50% (Max ₹15,000) + GST | No upper limit | 30 Years | Lowest entry benchmark rates | |
 Central Bank of India | Public Sector | 7.20% – 8.75% ▲ 10 bps | ▲ 10 bps | Nil Processing Fee | No upper limit | 30 Years | Zero processing fee options for salaried | |
 Bajaj Housing Finance | Housing Finance (HFC) | 7.25% – 10.65% ▲ 10 bps | ▲ 10 bps | Up to 0.50% + GST | ₹15 Crore | 32 Years | Quick disbursal, extended tenure up to 32 years | |
 Bank of Maharashtra | Public Sector | 7.25% – 9.90% ▲ 15 bps | ▲ 15 bps | Nil Processing Fee | No upper limit | 30 Years | Lowest benchmark starting rates | |
 State Bank of India (SBI) | Public Sector | 7.25% – 8.55% ▲ 15 bps | ▲ 15 bps | 0.35% (Min ₹2,000 to Max ₹10,000) + GST | No upper limit (based on eligibility) | 30 Years | Lowest floating rates for high CIBIL (>750) | |
 Federal Bank | Private Sector | 7.30% – 9.75% No change | No change | Min ₹3,000 to Max ₹7,500 + GST | ₹5 Crore | 30 Years | NRI home loans and fast document collection | |
 IDBI Bank | Public Sector | 7.30% – 10.00% No change | No change | 0.50% and Login Fee ₹2,500 | No upper limit | 30 Years | Fast processing & attractive top-up rates | |
 Bank of India | Public Sector | 7.35% – 9.10% ▲ 25 bps | ▲ 25 bps | Nil to 0.25% (Max ₹20,000) + GST | No upper limit | 30 Years | High FOIR allowance for self-employed | |
 Indian Overseas Bank | Public Sector | 7.35% – 9.20% ▲ 25 bps | ▲ 25 bps | 0.50% (Max ₹25,000) + GST | No upper limit | 30 Years | Low starting benchmark rates for high CIBIL scores | |
 Indian Bank | Public Sector | 7.40% – 10.65% ▲ 25 bps | ▲ 25 bps | Nil Processing Fee | No upper limit | 30 Years | Elite customer & government employee discounts | |
 Bank of Baroda | Public Sector | 7.45% – 9.20% ▲ 25 bps | ▲ 25 bps | Nil to 0.50% (Max ₹10,000) + GST | ₹20 Crore | 30 Years | Competitive spread on Baroda Repo Linked Rate (BRLLR) | |
 Punjab National Bank (PNB) | Public Sector | 7.45% – 9.35% ▲ 30 bps | ▲ 30 bps | 0.35% (Max ₹15,000) + GST | No upper limit | 30 Years | Government employees & defense personnel | |
 ICICI Bank | Private Sector | 7.55% – 11.20% ▲ 25 bps | ▲ 25 bps | 0.50% - 1.00% of loan amount + GST | ₹10 Crore | 30 Years | Instant pre-approved balance transfers | |
 Godrej Housing Finance | Housing Finance (HFC) | 7.65% – 11.00% ▲ 5 bps | ▲ 5 bps | 0.30% of loan amount + GST | ₹10 Crore | 30 Years | Custom repayment tracks & modern apartments | |
 L&T Finance | Housing Finance (HFC) | 7.75% – 12.00% ▲ 10 bps | ▲ 10 bps | 0.30%, Login Fee ₹5,000 | ₹10 Crore | 30 Years | Flexible income parameters for self-employed | |
 Kotak Mahindra Bank | Private Sector | 7.85% – 12.00% ▲ 70 bps | ▲ 70 bps | 0.50% of loan amount + GST | ₹15 Crore | 30 Years | Low starting rates for women borrowers & executives | |
 HDFC Bank | Private Sector | 8.00% – 13.45% ▲ 80 bps | ▲ 80 bps | Up to 0.50% of loan amount or ₹3,000 + GST | ₹10 Crore | 30 Years | Fast digital sanction & salaried professionals | |
 Axis Bank | Private Sector | 8.25% – 9.35% ▲ 25 bps | ▲ 25 bps | Up to 1% or Min ₹10,000 + GST | ₹10 Crore | 30 Years | Flexible tenure & custom EMI structures | |
 IIFL Home Finance | Housing Finance (HFC) | 8.65% – 17.00% No change | No change | 1.75% + Legal & Valuation charges | ₹5 Crore | 30 Years | Affordable housing loans with PMAY benefits | |
 IDFC FIRST Bank | Private Sector | 8.75% – 11.00% No change | No change | Up to 1.00% + GST | ₹10 Crore | 30 Years | Seamless paperless journey & top-up facility | |
 Tata Capital | Housing Finance (HFC) | 8.75% – 17.00% ▲ 85 bps | ▲ 85 bps | Up to 0.50% + GST | ₹10 Crore | 30 Years | High loan amount eligibility for professionals | |
 Can Fin Homes | Housing Finance (HFC) | 8.95% – 14.00% No change | No change | 0.50% to 0.75% + GST | ₹5 Crore | 30 Years | Specialised affordable housing & rural loans | |
 Yes Bank | Private Sector | 8.95% – 13.75% No change | No change | Up to 1.00% + GST | ₹10 Crore | 30 Years | Customised balance transfer solutions |
How Home Loan Interest Rates Are Determined in India: EBLR and Spread
Since October 2019, the Reserve Bank of India (RBI) has mandated that all commercial banks link their floating-rate retail loans, including housing loans, to an External Benchmark Linked Lending Rate (EBLR). The vast majority of banks have adopted the RBI Repo Rate as their benchmark, creating what is known as the Repo Linked Lending Rate (RLLR).
Your final applicable interest rate is composed of two distinct parts:
Whenever the RBI Monetary Policy Committee adjusts the repo rate, your EBLR moves in tandem within a quarterly or monthly reset window. In contrast, the bank's "spread" is typically locked for your entire loan tenure, unless your credit score deteriorates significantly or you formally apply for a spread reset.
Key Factors That Change the Interest Rate Offered to You
Lenders evaluate four primary risk criteria before deciding what spread to add above the base benchmark rate:
1. CIBIL and Credit Score (750+ Prime Tier)
A credit score above 750 or 800 qualifies you for the lowest advertised starting rates. Borrowers with scores between 700 and 749 usually face an interest rate penalty of 25 to 50 basis points (0.25% to 0.50%), while scores below 700 may require a co-borrower or face higher credit risk spreads.
2. Loan-to-Value (LTV) Ratio
RBI mandates maximum LTV caps: up to 90% for loans up to ₹30 Lakhs, 80% for loans up to ₹75 Lakhs, and 75% for loans above ₹75 Lakhs. If you make a higher down payment (lowering your LTV to 60%–70%), lenders offer preferred interest rates because their collateral risk is minimal.
3. Employment Profile and Income Stability
Salaried professionals working for government departments, PSUs, and Category-A corporate employers receive the lowest risk premiums. Self-employed business owners and professionals are assessed based on 2–3 years of audited financials, ITR filings, and debt-service coverage ratios.
4. Loan Size and Gender Concessions
High-value home loans above ₹50 Lakhs or ₹1 Crore frequently command competitive rates due to institutional volume incentives. Furthermore, leading institutions like SBI, HDFC, and Canara Bank extend a 5 basis point (0.05%) interest rebate if a woman is the sole or primary co-applicant.
When Does a Home Loan Balance Transfer Make Financial Sense?
A home loan balance transfer (refinancing) allows you to move your outstanding loan balance from your existing lender to a new bank offering a lower interest rate or superior customer service. However, refinancing is not always profitable once switching expenses are accounted for.
The Golden Rules of Balance Transfer:
- Rate Differential of at Least 0.40%–0.50%: If the rate gap is only 10 or 15 basis points, switching costs like legal fees and valuation charges often wipe out the savings. A gap of 0.50% or higher almost always yields substantial interest savings.
- Remaining Tenure of 5+ Years: In the early years of a 20 or 30-year home loan, up to 70%–80% of your EMI goes toward interest rather than principal. If you only have 3–4 years left, you have already paid off most of the interest, making a balance transfer ineffective.
- Outstanding Balance Above ₹20 Lakhs: Lower loan balances do not generate enough absolute rupee savings to justify the administrative hassle and processing costs.
- Factoring Switching Expenses: Always account for the new lender's processing fee (0.25% to 0.50%), MODT (Memorandum of Deposit of Title Deeds) stamp duty (0.1% to 0.5% depending on state), and property valuation charges before finalizing your decision.
Calculate Your Exact Balance Transfer Savings
Use our Home Loan Payoff Calculator to see your real payoff date, interest breakdown, and whether a balance transfer saves you money.