Home Loan Interest Rates Based on Different Credit Scores
Last Updated : May 7, 2025, 12:54 p.m.
A good credit score of 750 and above heightens the possibility of getting a home loan at a lower rate of interest. And, with lower rates, you can save a lot on the interest outgo on a loan that can potentially run for as long as 20-30 years. Lenders have started pricing home loans based on the credit score of an individual. Lenders pull your credit score from – CIBIL , Experian, Equifax or CRIF HIGHMARK – to set your home loan interest rate . In this post, we have showcased credit score based interest rates of different lenders.
CIBIL Credit Score Based Home Loan Interest Rates of Different Lenders in India
LIC Housing Finance Home Loan Interest Rates Based on Credit Score (CIBIL)
Individuals with a credit score of greater than equal to 700 can get the loan at the lowest rate of 8.00%. You can check the table below to track the rates across different credit scores and loan amounts.
| CIBIL Score | Loan Slab | Salaried & Professional | Non-Salaried & Non-Professional |
|---|---|---|---|
| CIBIL >=800 | Up to 5 Crs | 8.00% | 8.25% |
| More than 5 Crs and & up to 15 Crs | 8.25% | 8.50% | |
| CIBIL 775-799 | Up to 50 lakhs | 8.10% | 8.35% |
| More than 50 lakhs up to 2 Crs | 8.15% | 8.40% | |
| More than 2 Crs up to 15 Crs | 8.25% | 8.40% | |
| CIBIL 750-774 | Up to 50 lakhs | 8.15% | 8.40% |
| More than 50 lakhs up to 2 Crs | 8.20% | 8.45% | |
| More than 2 Crs up to 15 Crs | 8.30% | 8.55% | |
| CIBIL 700-724 | Up to 50 lakhs | 8.65% | 8.90% |
| More than 50 lakhs up to 2 Crs | 8.70% | 8.95% | |
| More than 2 Crs up to 15 Crs | 8.80% | 9.05% | |
| CIBIL 600-699 | Up to 50 lakhs | 9.30% | 9.40% |
| More than 50 lakhs up to 2 Crs | 9.50% | 9.60% | |
| More than 2 Crs up to 15 Crs | 9.65% | 9.75% | |
| CIBIL <600 | Up to 50 lakhs | 9.75% | 9.85% |
| More than 50 lakhs up to 2 Crs | 9.94% | 10.05% | |
| More than 2 Crs up to 15 Crs | 10.15% | 10.25% | |
| 150 ≤ CIBIL ≤ 200 | Up to 2 Crs | 8.50% | 8.60% |
| 101 ≤ CIBIL < 150 | Up to 2 Crs | 9.00% | 9.10% |
How Much Does the Punjab National Bank Charge on a Home Loan?
With a credit score of 750 and above, you can access Punjab National Bank Home Loan at as low as 8.00% per annum. The table below shows the rates for individuals with different credit scores.
| Margin & Loan Amount | CIBIL Score | Interest Rate (Floating) |
|---|---|---|
| For Loan above INR 30 lakhs LTV Ration <= 80% | 800 & above | 8.00% |
| Irrespective of Loan Amount LTV Ratio <=80% | PNB Pride | 8.05% |
| 750 and above | 8.05% | |
| 700-749 | 8.50% | |
| 600-699 | 9.60% | |
| Loan Amount up to 30 lakhs LTV Ratio more than 80% but upto 85% | PNB Pride | 8.15% |
| 750 and above | 8.15% | |
| 700-749 | 8.60% | |
| 600-699 | 9.70% |
How Does the Bank of India Home Loan Interest Rate Fare Based on Credit Score?
If you’ve a credit score (CIBIL) of 800 and above, the Bank of India Home Loan interest rate can be as low as 8.40% per annum, which happens to be the benchmark rate of the bank. But for credit scores other than that, you need to look at the table below.
| CIBIL Score | Interest Rates |
|---|---|
| 825 and above | 8.40% |
| 800-824 | 8.50% |
| 760-799 | 8.70% |
| 725-759 | 8.80% |
| 675-724 | 9.55% |
Union Bank of India Can Give You a Home Loan Below its Benchmark Rate!
You can access the home loan upto INR 30 lakh at 7.85% if you have a credit score of 700 and above and the loan to value ratio is less than 75%. This is unique as most banks would either give the loan at the benchmark rate or after adding a spread over the same. For extensive details on the interest rates, you can glance at the table below.
| CIBIL Score | Salaried / Professional | Non-Salaried | ||
|---|---|---|---|---|
| Male | Female | Male | Female | |
| 800 & above | 7.85% | 7.85% | 7.85% | 7.85% |
| 750 to 799 | 8.00% | 8.00% | 8.00% | 8.00% |
| 700 to 749 (Including -1 & 1 to 5) | 8.65% | 8.60% | 8.75% | 8.70% |
| 650 to 699 | 8.95% | 8.90% | 9.00% | 8.95% |
| 600 to 649 | 9.75% | 9.75% | 9.75% | 9.75% |
| Below 600 | 10.25% | 10.25% | 10.25% | 10.25% |
Are SBI Home Loan Rates Based on Credit Scores?
Although the country’s largest lender State Bank of India (SBI) does not mention clearly the exact rate of interest you will get based on your credit score, its rates do factor in risk grading. The bank considers the credit score, income, repayment capability, credit exposure and several other elements as part of risk grading. So, with a good credit score and positive indicators on other elements, you give yourself the chance to access loans at a lower rate of interest. If you want to check out the rates, the below table is for you to look at!
| Home Loan (TL) | 8.00% to 8.95% |
| Home Loan Maxgain (OD) | 8.25% to 9.15% |
| Top-up Loan | 8.30% to 10.80% |
| Top-UP (OD) Loan | 8.50% to 9.45% |
| P-LAP Loan | 9.50% to 10.80% |
| Reverse Mortgage Loan | 11.05% |
| YONO Insta Home Top-Up Loan | 8.85% |
HDFC Limited Home Loan Interest Rates Based on Credit Score
If you have a CIBIL Score of 780 and above, you can get an HDFC Home Loan at an interest rate of 8.50% per annum. This rate will apply irrespective of your profession and the loan amount you will avail of from this lender. On a whole, HDFC Home Loan Interest Rates range from 8.50% - 9.55%.
| Special Housing Loan Rates for Salaried & Self-Employed ( Professionals & Non-Professionals) | |
|---|---|
| Loan Slab | Interest Rates |
| For All Loans | 8.50% to 9.35% |
| Standard Housing Loan Rates for Salaried & Self-Employed (Professionals & Non-Professionals) | |
| Loan Slab | Interest Rates |
| For All Loans | 8.70% to 9.55% |
How Does the ICICI Bank Set Home Loan Interest Rates Based on CIBIL Score?
ICICI Bank has also started pricing home loans based on the CIBIL score of an applicant. However, the CIBIL score-based rate will differ among salaried and self-employed borrowers. While salaried can borrow at as low as 9.00%, the minimum rate for self-employed is 9.00%. These rates will apply when they have a CIBIL score of 750 and above. You can check the tables below.
| Special Home Loan Rates | ||
|---|---|---|
| Credit Score | Salaried | Self-Employed |
| 800 | 9.00% | 9.00% |
| 750-800 | 9.00% | 9.10% |
NOTE: Special ICICI Home Loan Rate vaild till 30th April 2025.
| Standard Home Loan Interest Rates | ||
|---|---|---|
| Loan Slab | Salaried | Self-Employed |
| Up to INR 35 lakhs | 9.25% - 9.65% | 9.40% - 9.80% |
| INR 35 lakhs to INR 75 lakhs | 9.50% - 9.80% | 9.65% - 9.95% |
| Above INR 75 lakhs | 9.60% - 9.90% | 9.75% - 10.05% |
PNB Housing Finance Home Loan Interest Rates Based on Credit Score
PNB Housing Finance Limited , one of the renowned housing finance companies in India, has been charging home loan interest rates based on the credit score of applicants, irrespective of whether they are salaried or self-employed. Let’s check out the table below to know that in detail.
| Credit Score | Up to 35 Lakh | Above 35 Lakh | ||
|---|---|---|---|---|
| Salaried | Non-Salaried | Salaried | Non-Salaried | |
| >=825 | 8.50% - 9.00% | 8.80% - 9.30% | 8.5% - 9.00% | 8.8% - 9.30% |
| >800 to 825 | 9.05% - 9.55% | 9.15% - 9.65% | 9.10% - 9.60% | 9.20% - 9.70% |
| >775 to 799 | 9.20% - 9.70% | 9.70% - 10.20% | 9.80% - 10.30% | 9.85% - 10.35% |
| >750 to <=775 | 9.30% - 9.80% | 9.85% - 10.35% | 9.40% - 9.90% | 10.20% - 10.70% |
| > 725 to < =750 | 9.55% - 10.05% | 10.25% - 10.75% | 9.70% - 10.20% | 10.30% - 10.80% |
| > 700 to <= 725 | 9.85% - 10.35% | 10.55% - 11.05% | 10.05% - 10.55% | 10.75% - 11.25% |
| >650 to <=700 | 10.25% - 10.75% | 10.75% - 11.25% | 10.45% - 10.95% | 10.95% - 11.45% |
| upto 650 | 10.25% - 10.75% | 10.75% - 11.25% | 10.45% - 10.95% | 10.95% - 11.45% |
| NTC Cibil >=170 | 10.15% - 10.65% | 10.55% - 11.05% | 10.35% - 10.85% | 10.75% - 11.25% |
| NTC Cibil <170 | 10.25% - 10.75% | 10.65% - 11.15% | 10.45% - 10.95% | 10.85% - 11.35% |
Bank of Maharashtra Home Loan Interest Rate Based on Credit Score
Bank of Maharashtra also determines home loan interest rates based on the applicant's CIBIL score, offering lower rates to individuals with higher credit scores, thereby ensuring cost-effective borrowing for eligible applicants. A strong CIBIL score enhances loan eligibility and facilitates access to competitive interest rates.
| CIBIL | Interest Rate | |
|---|---|---|
| Salaried | Non-Salaried | |
| 800 & Above | 7.85% | 7.95% |
| 750 to 799 | 7.90% | 8.00% |
| 725 to 749 | 8.30% | 8.40% |
| 700 to 724 | 8.80% | 9.00% |
| 650 to 699 | 9.30% | 9.50% |
| 600 to 649 | 9.50% | 9.70% |
| Below 600 | 9.90% | 10.40% |
| -1 to 05 /NTC | 8.30% | 8.50% |
Punjab and Sind Bank Home Loan Interest Rate Based on Credit Score
Punjab and Sind Bank offers home loan interest rates linked to the applicant's CIBIL score. Higher CIBIL scores (750 and above) typically result in lower interest rates, while lower scores may attract higher rates. This ensures risk-based pricing tailored to the applicant's creditworthiness.
| CIBIL Credit Score | Interest Rate |
|---|---|
| 791 and Above | 8.10% |
| 768 - 790 | 8.25% |
| 753 - 767 | 8.40% |
| 732 - 752 | 8.60% |
| 700 - 731 | 8.95% |
| 650 - 699 | 9.60% |
Indian Overseas Bank Home Loan Interest Rate Based on Credit Score
Indian Overseas Bank (IOB) offers home loan interest rates based on the applicant's CIBIL score, ensuring better rates for those with a higher credit score. Interest rates typically start from 7.90% p.a. and vary depending on creditworthiness, loan amount, and tenure.
| CIBIL Score | Salaried Interest Rate | Non-Salaried Interest Rate |
|---|---|---|
| >=800 | 7.90% | 8.00% |
| 775 to 799 | 7.90% | 8.00% |
| 750 to 774 | 8.00% | 8.10% |
| 725 to 749 & NTC | 8.10% | 8.20% |
| 700 to 724 | 8.10% | 8.20% |
| 680 to 699 | 8.40% | 8.50% |
Conclusion
Based on the provided data, we can conclude that the interest rates for a home loan in India vary depending on the loan amount and credit score of the borrower. The interest rates range from 8.50% to 10.95% for loan amounts up to INR 35 lakh, and from >10.95% to 8.50% for loan amounts above INR 35 lakh. The credit score of the borrower is also an important factor in determining the interest rate, which can range from 8.50% to 9.85% for those with scores above 700, and from 9.10% to 9.55% for those with scores between 750 and 775. It is recommended that borrowers maintain a good credit score and negotiate with lenders to get the best possible interest rate for their home loan.
