HOME LOAN INTEREST RATES IN INDIA
Last Updated : Aug. 29, 2026, 5:59 p.m.
Home loan interest rates in India currently start from around 7.00% per annum. The final rate offered by a lender depends on the applicant’s credit score, income, employment profile, loan amount, property, loan-to-value ratio and repayment tenure.
The lowest rate displayed by a bank may be available only to borrowers with an excellent credit profile or under a limited-period offer. Applicants should therefore compare the applicable interest rate, processing fee, loan tenure, prepayment conditions and total interest cost before selecting a home loan.
Current Home Loan Interest Rates of All Banks - August 2026
| Bank or Housing Finance Company | Current Home Loan Interest Rate | Important Information |
|---|---|---|
| Axis Bank | 8.20%–9.10% p.a. | Rate depends on customer profile and loan variant |
| Bandhan Bank | 8.55%–13.52% p.a. | Floating rate linked to the bank’s external benchmark |
| Bank of Baroda | From 7.20% p.a. | Final rate depends on credit score and borrower category |
| Bank of India | From 7.10% p.a. | Advertised starting rate for Star Home Loan |
| Bank of Maharashtra | From 7.00% p.a.* | Limited-period offer; processing and documentation fee waiver may apply |
| Canara Bank | 7.15%–10.00% p.a. | Rate varies by credit-risk grade and loan amount |
| Central Bank of India | 7.00%–8.75% p.a. | Includes Cent Grih Lakshmi and regular Cent Home schemes |
| Federal Bank | 7.35%–9.50% p.a. | Term-loan rates; overdraft home loans may carry a different rate |
| SMFG Grihashakti | From 9.25% p.a. | From 9.25% for salaried and 9.75% for self-employed applicants |
| HDFC Bank | 7.75%–13.20% p.a. | Official published range linked to the policy repo rate |
| HSBC India | From 7.45% p.a. | Floating home-loan rate; semi-fixed options start separately |
| ICICI Bank | 7.55% p.a.*; standard 8.50%–9.80% p.a. | 7.55% is for eligible pre-approved digital customers |
| IDBI Bank | 7.35%–10.80% p.a. | Floating home-loan rate range |
| IDFC FIRST Bank | From 7.75% p.a.* | Advertised starting rate; actual offer is profile-dependent |
| IndusInd Bank | Approximately 7.50%–10.44% p.a. | Indicative range; the bank currently publishes profile-based pricing |
| Sammaan Capital | From 8.75% p.a. | Formerly Indiabulls Housing Finance |
| Jammu & Kashmir Bank | From 7.25% p.a.* | Published standard score-based rates are approximately 7.50%–8.20% |
| Karnataka Bank | From 7.49% p.a. | Starting rate for KBL home loans |
| Karur Vysya Bank | 8.50%–10.65% p.a. | Current official housing-loan rate range |
| Kotak Mahindra Bank | From 7.60% p.a. | Final rate depends on profile, amount and tenure |
| LIC Housing Finance | From 7.15% p.a. | Lowest rate generally applies to high-credit-score applicants |
| Nainital Bank | Approximately 7.90%–10.75% p.a. | Indicative range linked to the Naini Repo Linked Lending Rate |
| Punjab National Bank | 7.40%–9.30% p.a. | Lowest floating rate generally requires a strong credit score and lower LTV |
| PNB Housing Finance | From 7.50% p.a. | Non-salaried rates generally start from around 8.55% p.a. |
| Punjab & Sind Bank | Approximately 7.40%–10.70% p.a. | Applicable rate depends on credit score and loan amount |
| RBL Bank | From 9.00% p.a. | Official advertised housing-loan starting rate |
| State Bank of India | 7.25%–9.05% p.a. | Starting rate effective from 1 April 2026 |
| Standard Chartered Bank | From 7.99% p.a. | Floating home-loan offer |
| Tata Capital | 8.00%–13.00% p.a. | Salaried rates start at 8.00%; self-employed rates at 8.35% |
| UCO Bank | Approximately 7.50%–9.50% p.a. | Final repo-linked rate depends on borrower profile |
| YES BANK | From 8.65% p.a. | Processing fee and taxes apply separately |
*Promotional, pre-approved or limited-period rate. Eligibility conditions apply.
Which Bank Has the Lowest Home Loan Interest Rate?
Bank of Maharashtra and Central Bank of India currently advertise selected home-loan schemes starting from approximately 7.00% per annum. Bank of India starts from around 7.10%, while Canara Bank and LIC Housing Finance advertise rates starting from approximately 7.15%.
The lowest advertised rate is not automatically available to every applicant. It may require a high credit score, stable income, a lower loan-to-value ratio, an eligible property and satisfactory verification by the lender.
HDFC Bank Home Loan Interest Rate
HDFC Bank’s official home-loan rate card currently shows interest rates ranging from 7.75% to 13.20% per annum. The rate is calculated using the applicable policy repo rate plus a borrower-specific spread.
The final HDFC Bank home-loan rate depends on:
- Credit score and repayment history
- Salaried or self-employed status
- Income and existing loan obligations
- Loan amount and property value
- Property type and location
- Loan tenure and repayment capacity
Applicants with a strong credit profile and stable income have a better chance of qualifying near the lower end of the published range.
ICICI Bank Home Loan Interest Rate
ICICI Bank currently offers an interest rate of 7.55% per annum to selected customers with a pre-approved home-loan offer through its digital journey. This is not the regular rate for every borrower.
The bank’s standard home-loan rates currently range from 8.50% to 9.80% per annum.
ICICI Bank Standard Home Loan Rates
| Loan Amount | Salaried Applicants | Self-employed Applicants |
|---|---|---|
| Up to ₹35 lakh | 8.50%–9.40% | 8.50%–9.55% |
| Above ₹35 lakh and up to ₹75 lakh | 8.50%–9.55% | 8.50%–9.70% |
| Above ₹75 lakh | 8.50%–9.65% | 8.50%–9.80% |
ICICI Bank’s processing fee on the published rate card is 0.50% of the loan amount plus applicable taxes. The final rate depends on the applicant’s credit score, employment category, loan amount and overall financial profile.
HDFC Bank vs ICICI Bank Home Loan Rates
| Particular | HDFC Bank | ICICI Bank |
|---|---|---|
| Lowest displayed rate | 7.75% p.a. | 7.55% p.a. for eligible pre-approved customers |
| Standard published range | 7.75%–13.20% | 8.50%–9.80% |
| Benchmark | Policy repo-linked | Repo-linked |
| Rate depends on | Profile, income, loan and property | Credit score, profile, amount and employment |
| Maximum tenure | Up to 30 years | Up to 30 years |
Borrowers should compare the actual sanction offer instead of deciding only from the lowest displayed rate. A pre-approved promotional rate and a standard card rate are not directly comparable.
Home Loan EMI at Different Interest Rates
The following table shows the approximate EMI for a ₹50 lakh home loan with a repayment tenure of 20 years:
| Interest Rate | Approximate Monthly EMI |
|---|---|
| 7.00% | ₹38,765 |
| 7.25% | ₹39,519 |
| 7.55% | ₹40,433 |
| 7.75% | ₹41,047 |
| 8.50% | ₹43,391 |
| 9.00% | ₹44,986 |
Even a difference of 0.50% in the interest rate can materially change the EMI and total interest payable over a long tenure. Use a home loan EMI calculator before applying.
HDFC Bank vs ICICI Bank Home Loan Rates
| Particular | HDFC Bank | ICICI Bank |
|---|---|---|
| Lowest displayed rate | 7.75% p.a. | 7.55% p.a. for eligible pre-approved customers |
| Standard published range | 7.75%–13.20% | 8.50%–9.80% |
| Benchmark | Policy repo-linked | Repo-linked |
| Rate depends on | Profile, income, loan and property | Credit score, profile, amount and employment |
| Maximum tenure | Up to 30 years | Up to 30 years |
Borrowers should compare the actual sanction offer instead of deciding only from the lowest displayed rate. A pre-approved promotional rate and a standard card rate are not directly comparable.
Home Loan EMI at Different Interest Rates
The following table shows the approximate EMI for a ₹50 lakh home loan with a repayment tenure of 20 years:
| Interest Rate | Approximate Monthly EMI |
|---|---|
| 7.00% | ₹38,765 |
| 7.25% | ₹39,519 |
| 7.55% | ₹40,433 |
| 7.75% | ₹41,047 |
| 8.50% | ₹43,391 |
| 9.00% | ₹44,986 |
Even a difference of 0.50% in the interest rate can materially change the EMI and total interest payable over a long tenure. Use a home loan EMI calculator before applying.
Factors That Determine Your Home Loan Interest Rate
Credit Score
A credit score of 750 or above generally improves the possibility of receiving a competitive home-loan rate. Applicants with scores above 800 may qualify for the lender’s lowest rate, subject to other eligibility conditions.
Income and Employment
Stable income and longer employment or business continuity can improve loan eligibility. Lenders also check whether the proposed EMI is affordable after considering existing obligations.
Loan-to-Value Ratio
A larger down payment reduces the loan-to-value ratio and the lender’s risk. This may help the applicant qualify for a better interest rate.
Loan Amount and Tenure
The applicable rate may differ according to the loan slab. A longer tenure reduces the EMI but normally increases the total interest paid over the life of the loan.
Property Details
The lender evaluates the property’s legal status, technical condition, location, market value and project approval before sanctioning the loan.
Fixed vs Floating Home Loan Interest Rates
A fixed home-loan rate remains unchanged for a defined period or, in limited cases, for the entire tenure. It provides EMI certainty but may initially be higher than a floating rate.
A floating home-loan rate changes according to the applicable benchmark and reset terms. The EMI or remaining tenure may change when the benchmark rate changes. Floating rates are generally preferred by long-term borrowers who want the benefit of possible future rate reductions.
How to Get a Lower Home Loan Interest Rate
- Maintain a credit score of 750 or above
- Pay credit-card bills and existing EMIs on time
- Reduce unsecured debts before applying
- Make a higher down payment where affordable
- Add an earning co-applicant if appropriate
- Compare sanction offers from different lenders
- Negotiate using competing lender offers
- Check processing, legal and technical charges
- Consider a balance transfer only after calculating net savings
DISCLAIMER: Home-loan interest rates and offers can change without prior notice. Rates shown above were checked on 27 August 2026 and are indicative. Promotional and pre-approved rates may have limited validity. The final rate, fees and loan terms will be determined by the lender after evaluating the applicant and property.
Frequently Asked Questions (FAQs)
