Lowest Home Loan Interest Rates (October 2026)
Which bank's home loan starts at the lowest rate? Every bank's published starting rate, ranked lowest first, with the EMI on your loan amount. Your own rate depends on your credit score, income and employer.
On this page
Calculator and results
The lowest home loan starting rate is 7.25% p.a. at Bank of Maharashtra, as of 21 October 2026, from each bank’s own website.
₹
Lowest starting rate
Bank of Maharashtra 7.25%
Highest starting rate
Jana SFB 9.75%
| Type | Processing fee | Credit rating | Calculator link | ||||
|---|---|---|---|---|---|---|---|
| Bank of Maharashtra | Public sector bank | 7.25%up to 9.9% | ₹39,519at the starting rate | The applicable processing fee is 0.25% of the loan amount plus… Full feeShow lessThe applicable processing fee is 0.25% of the loan amount plus applicable GST. | [ICRA]AA+ | 21 Oct 2026 | Calculate → |
| YES BANK Rates actually charged in April–June 2026, from the bank's disclosure; not a card rate | Private bank | 7.25%up to 9.25%Rates actually charged (April–June 2026), not a starting rate | ₹39,519at the lowest rate charged | Not published | Crisil AA+ | 21 Oct 2026 | Calculate → |
| Bank of Baroda | Public sector bank | 7.4%up to 9.15% | ₹39,974at the starting rate | Baroda Home Loan (All variants), all channels: Loan amount upto… Full feeShow lessBaroda Home Loan (All variants), all channels: Loan amount upto Rs.50.00 lacs- 50%, Min: Rs.8,500/- and Max: Rs.15,000/-; greater than Rs.50.00 lacs- 25%, Min… Full terms on the bank's page | CARE AAA | 21 Oct 2026 | Calculate → |
| UCO Bank | Public sector bank | 7.4%up to 9.5% | ₹39,974at the starting rate | Not published | IND AA | 21 Oct 2026 | Calculate → |
| Union Bank of India | Public sector bank | 7.4%up to 9.6% | ₹39,974at the starting rate | At Union Bank of India, we don't charge any loan processing fees for… Full feeShow lessAt Union Bank of India, we don't charge any loan processing fees for home loans. | CARE AAA | 21 Oct 2026 | Calculate → |
| Canara Bank | Public sector bank | 7.45%up to 10.25% | ₹40,127at the starting rate | Nominal processing fee of 0.50% (Min Rs.1500/-+GST and Max.… Full feeShow lessNominal processing fee of 0.50% (Min Rs.1500/-+GST and Max. Rs.10,000/-+GST) is charged. Bank is celebrating Retail Loan Festival and waiver of 100% processing… Full terms on the bank's page | [ICRA]AAA | 21 Oct 2026 | Calculate → |
| Central Bank of India | Public sector bank | 7.45%up to 9% | ₹40,127at the starting rate | Not published | Crisil AA+ | 21 Oct 2026 | Calculate → |
| Indian Overseas Bank | Public sector bank | 7.45%up to 8.55% | ₹40,127at the starting rate | Not published | IND AA+ | 21 Oct 2026 | Calculate → |
| Punjab National Bank | Public sector bank | 7.45%up to 9.35% | ₹40,127at the starting rate | 0.35% of the loan amount Minimum- Rs. 2,500/ Maximum- Rs. 15,000/… Full feeShow less0.35% of the loan amount Minimum- Rs. 2,500/ Maximum- Rs. 15,000/ (Full waiver during PNB Utsav Festivities 2026, 01.10.2026 to 31.12.2026) | Crisil AAA | 21 Oct 2026 | Calculate → |
| State Bank of IndiaD-SIB | Public sector bank | 7.5%up to 8.8% | ₹40,280at the starting rate | For Salaried Customer: 0.35% of the loan amount, minimum Rs.5,000/… Full feeShow lessFor Salaried Customer: 0.35% of the loan amount, minimum Rs.5,000/- and maximum of Rs. 15,000/- plus GST | [ICRA]AAA | 21 Oct 2026 | Calculate → |
| Federal Bank | Private bank | 7.5%up to 9.25% | ₹40,280at the starting rate | 0.50% of the limit sanctioned with a min of Rs.10000/- and maximum of… Full feeShow less0.50% of the limit sanctioned with a min of Rs.10000/- and maximum of Rs.2,00,000/- | CARE AA+ | 21 Oct 2026 | Calculate → |
| Karnataka Bank | Private bank | 7.51%up to 11.83% | ₹40,310at the starting rate | Not published | CARE A+ | 21 Oct 2026 | Calculate → |
| Punjab & Sind Bank | Public sector bank | 7.6%up to 11% | ₹40,586at the starting rate | Not published | IND AA | 21 Oct 2026 | Calculate → |
| Kotak Mahindra Bank The bank's page still prices this on a repo rate of 5.25%; RBI raised the repo rate to 5.50% on 7 October 2026, so the rate may rise at the next reset. | Private bank | 7.6% | ₹40,586at the starting rate | Upto 2% of loan amount (plus taxes and any other applicable statutory… Full feeShow lessUpto 2% of loan amount (plus taxes and any other applicable statutory dues); upfront ₹5,000 at login | [ICRA]AAA | 21 Oct 2026 | Calculate → |
| IDFC FIRST Bank | Private bank | 7.75% | ₹41,047at the starting rate | Up to 3% of loan amount. | Crisil AA+ | 21 Oct 2026 | Calculate → |
| ICICI BankD-SIB | Private bank | 7.8%up to 9.9% | ₹41,202at the starting rate | The processing fee is 0.5% of the loan amount + applicable taxes | Crisil AAA | 21 Oct 2026 | Calculate → |
| Axis Bank | Private bank | 8%up to 9.1% | ₹41,822at the starting rate | Up to 1% of the loan amount or ₹10,000 (whichever is higher) + GST… Full feeShow lessUp to 1% of the loan amount or ₹10,000 (whichever is higher) + GST (as applicable) | IND AAA | 21 Oct 2026 | Calculate → |
| HDFC BankD-SIB | Private bank | 8%up to 13.45% | ₹41,822at the starting rate | Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus… Full feeShow lessUp to 0.50% of the loan amount or ₹3,000 whichever is higher, plus applicable taxes. | CARE AAA | 21 Oct 2026 | Calculate → |
| IndusInd Bank | Private bank | 8%up to 15% | ₹41,822at the starting rate | upto 1%+ GST | Crisil AA+ | 21 Oct 2026 | Calculate → |
| Tamilnad Mercantile Bank | Private bank | 8.15%up to 9.55% | ₹42,290at the starting rate | Proposal Processing Charges: Home loan 0.50% of the loan amount* (+… Full feeShow lessProposal Processing Charges: Home loan 0.50% of the loan amount* (+ GST) | IND AA- | 21 Oct 2026 | Calculate → |
| Dhanlaxmi Bank | Private bank | 8.2%up to 12% | ₹42,446at the starting rate | Upto 10 L – Rs.2500; > 10 L & Upto 50 L – Rs.5000; > 50 L – 0.25%… Full feeShow lessUpto 10 L – Rs.2500; > 10 L & Upto 50 L – Rs.5000; > 50 L – 0.25%, max Rs.15000 (+ taxes) | [ICRA]BBB- | 21 Oct 2026 | Calculate → |
| CSB Bank | Private bank | 8.3% | ₹42,760at the starting rate | Maximum 0.6% of Loan Amount (Min of Rs. 10,000/-) + GST (as per… Full feeShow lessMaximum 0.6% of Loan Amount (Min of Rs. 10,000/-) + GST (as per applicable) | IND A | 21 Oct 2026 | Calculate → |
| RBL Bank | Private bank | 9% | ₹44,986at the starting rate | 2.00% or 15,000/- whichever is higher of Loan Amount* (taxes extra) | CARE AAA | 21 Oct 2026 | Calculate → |
| City Union Bank Rates actually charged in the period to 15 October 2026, from the bank's disclosure; not a card rate | Private bank | 9.4%up to 13.3%Rates actually charged (the period to 15 October 2026), not a starting rate | ₹46,281at the lowest rate charged | Not published | [ICRA]AA | 21 Oct 2026 | Calculate → |
| Ujjivan Small Finance Bank | Small finance bank | 9.5% | ₹46,607at the starting rate | Processing fee Rs 3350 + GST, plus CLADUM charges 1.5%-2.0% of the… Full feeShow lessProcessing fee Rs 3350 + GST, plus CLADUM charges 1.5%-2.0% of the loan amount + GST depending on product (0.75% for Bank Credit Salary Scheme) | CARE AA- | 21 Oct 2026 | Calculate → |
| Utkarsh Small Finance Bank | Small finance bank | 9.5%up to 15% | ₹46,607at the starting rate | Upto 2% of Sanctioned amount and applicable taxes (login fee upto Rs… Full feeShow lessUpto 2% of Sanctioned amount and applicable taxes (login fee upto Rs 10000 + taxes, adjusted in processing fee) | CARE A- | 21 Oct 2026 | Calculate → |
| DCB Bank | Private bank | 9.75%up to 14.5% | ₹47,426at the starting rate | Upto 2% of sanction limit | CARE AA- | 21 Oct 2026 | Calculate → |
| Equitas Small Finance Bank Rates actually charged in July–September 2026, from the bank's disclosure; not a card rate | Small finance bank | 9.75%up to 15.5%Rates actually charged (July–September 2026), not a starting rate | ₹47,426at the lowest rate charged | Up to 2% on the sanctioned home loan (plus Admin Fee up to 0.2%) | CARE AA- | 21 Oct 2026 | Calculate → |
| Jana Small Finance Bank | Small finance bank | 9.75%up to 16.75% | ₹47,426at the starting rate | 2% of the sanctioned amount. Taxes as applicable. (plus… Full feeShow less2% of the sanctioned amount. Taxes as applicable. (plus non-refundable login fee Rs 1000-2000 + GST) | IND A | 21 Oct 2026 | Calculate → |
- Bank of Maharashtra
- Type
- Public sector bank
- Starting from
- 7.25%up to 9.9%
- EMI on ₹50,00,000
- ₹39,519at the starting rate
- Processing fee
The applicable processing fee is 0.25% of the loan amount plus… Full feeShow less
The applicable processing fee is 0.25% of the loan amount plus applicable GST.- Credit rating
- [ICRA]AA+
/StableICRA, 21 Jul 2026 - Verified
- 21 Oct 2026
- YES BANKRates actually charged in April–June 2026, from the bank's disclosure; not a card rate
- Type
- Private bank
- Starting from
- 7.25%up to 9.25%Rates actually charged (April–June 2026), not a starting rate
- EMI on ₹50,00,000
- ₹39,519at the lowest rate charged
- Processing fee
- Not published
- Credit rating
- Crisil AA+
/StableCRISIL, 4 Aug 2026 - Verified
- 21 Oct 2026
- Bank of Baroda
- Type
- Public sector bank
- Starting from
- 7.4%up to 9.15%
- EMI on ₹50,00,000
- ₹39,974at the starting rate
- Processing fee
Baroda Home Loan (All variants), all channels: Loan amount upto… Full feeShow less
Baroda Home Loan (All variants), all channels: Loan amount upto Rs.50.00 lacs- 50%, Min: Rs.8,500/- and Max: Rs.15,000/-; greater than Rs.50.00 lacs- 25%, Min… Full terms on the bank's page- Credit rating
- CARE AAA
/StableCARE, 7 Oct 2026 - Verified
- 21 Oct 2026
- UCO Bank
- Type
- Public sector bank
- Starting from
- 7.4%up to 9.5%
- EMI on ₹50,00,000
- ₹39,974at the starting rate
- Processing fee
- Not published
- Credit rating
- IND AA
/StableIndia Ratings, 9 Oct 2026 - Verified
- 21 Oct 2026
- Union Bank of India
- Type
- Public sector bank
- Starting from
- 7.4%up to 9.6%
- EMI on ₹50,00,000
- ₹39,974at the starting rate
- Processing fee
At Union Bank of India, we don't charge any loan processing fees for… Full feeShow less
At Union Bank of India, we don't charge any loan processing fees for home loans.- Credit rating
- CARE AAA
/StableCARE, 7 Oct 2026 - Verified
- 21 Oct 2026
- Canara Bank
- Type
- Public sector bank
- Starting from
- 7.45%up to 10.25%
- EMI on ₹50,00,000
- ₹40,127at the starting rate
- Processing fee
Nominal processing fee of 0.50% (Min Rs.1500/-+GST and Max.… Full feeShow less
Nominal processing fee of 0.50% (Min Rs.1500/-+GST and Max. Rs.10,000/-+GST) is charged. Bank is celebrating Retail Loan Festival and waiver of 100% processing… Full terms on the bank's page- Credit rating
- [ICRA]AAA
/StableICRA, 8 Sept 2026 - Verified
- 21 Oct 2026
- Central Bank of India
- Type
- Public sector bank
- Starting from
- 7.45%up to 9%
- EMI on ₹50,00,000
- ₹40,127at the starting rate
- Processing fee
- Not published
- Credit rating
- Crisil AA+
/StableCRISIL, 4 Aug 2026 - Verified
- 21 Oct 2026
- Indian Overseas Bank
- Type
- Public sector bank
- Starting from
- 7.45%up to 8.55%
- EMI on ₹50,00,000
- ₹40,127at the starting rate
- Processing fee
- Not published
- Credit rating
- IND AA+
/StableIndia Ratings, 5 Oct 2026 - Verified
- 21 Oct 2026
- Punjab National Bank
- Type
- Public sector bank
- Starting from
- 7.45%up to 9.35%
- EMI on ₹50,00,000
- ₹40,127at the starting rate
- Processing fee
0.35% of the loan amount Minimum- Rs. 2,500/ Maximum- Rs. 15,000/… Full feeShow less
0.35% of the loan amount Minimum- Rs. 2,500/ Maximum- Rs. 15,000/ (Full waiver during PNB Utsav Festivities 2026, 01.10.2026 to 31.12.2026)- Credit rating
- Crisil AAA
/StableCRISIL, 12 Dec 2025 - Verified
- 21 Oct 2026
- State Bank of India
- Type
- Public sector bank
- Starting from
- 7.5%up to 8.8%
- EMI on ₹50,00,000
- ₹40,280at the starting rate
- Processing fee
For Salaried Customer: 0.35% of the loan amount, minimum Rs.5,000/… Full feeShow less
For Salaried Customer: 0.35% of the loan amount, minimum Rs.5,000/- and maximum of Rs. 15,000/- plus GST- Credit rating
- [ICRA]AAA
/StableICRA, 5 Oct 2026 - Verified
- 21 Oct 2026
- Federal Bank
- Type
- Private bank
- Starting from
- 7.5%up to 9.25%
- EMI on ₹50,00,000
- ₹40,280at the starting rate
- Processing fee
0.50% of the limit sanctioned with a min of Rs.10000/- and maximum of… Full feeShow less
0.50% of the limit sanctioned with a min of Rs.10000/- and maximum of Rs.2,00,000/-- Credit rating
- CARE AA+
/StableCARE, 7 Oct 2026 - Verified
- 21 Oct 2026
- Karnataka Bank
- Type
- Private bank
- Starting from
- 7.51%up to 11.83%
- EMI on ₹50,00,000
- ₹40,310at the starting rate
- Processing fee
- Not published
- Credit rating
- CARE A+
/StableCARE, 17 Aug 2026 - Verified
- 21 Oct 2026
- Punjab & Sind Bank
- Type
- Public sector bank
- Starting from
- 7.6%up to 11%
- EMI on ₹50,00,000
- ₹40,586at the starting rate
- Processing fee
- Not published
- Credit rating
- IND AA
/StableIndia Ratings, 6 Oct 2026 - Verified
- 21 Oct 2026
- Kotak Mahindra BankThe bank's page still prices this on a repo rate of 5.25%; RBI raised the repo rate to 5.50% on 7 October 2026, so the rate may rise at the next reset.
- Type
- Private bank
- Starting from
- 7.6%
- EMI on ₹50,00,000
- ₹40,586at the starting rate
- Processing fee
Upto 2% of loan amount (plus taxes and any other applicable statutory… Full feeShow less
Upto 2% of loan amount (plus taxes and any other applicable statutory dues); upfront ₹5,000 at login- Credit rating
- [ICRA]AAA
/StableICRA, 5 Jun 2026 - Verified
- 21 Oct 2026
- IDFC FIRST Bank
- Type
- Private bank
- Starting from
- 7.75%
- EMI on ₹50,00,000
- ₹41,047at the starting rate
- Processing fee
- Up to 3% of loan amount.
- Credit rating
- Crisil AA+
/StableCRISIL, 16 Oct 2026 - Verified
- 21 Oct 2026
- ICICI Bank
- Type
- Private bank
- Starting from
- 7.8%up to 9.9%
- EMI on ₹50,00,000
- ₹41,202at the starting rate
- Processing fee
- The processing fee is 0.5% of the loan amount + applicable taxes
- Credit rating
- Crisil AAA
/StableCRISIL, 19 Nov 2025 - Verified
- 21 Oct 2026
- Axis Bank
- Type
- Private bank
- Starting from
- 8%up to 9.1%
- EMI on ₹50,00,000
- ₹41,822at the starting rate
- Processing fee
Up to 1% of the loan amount or ₹10,000 (whichever is higher) + GST… Full feeShow less
Up to 1% of the loan amount or ₹10,000 (whichever is higher) + GST (as applicable)- Credit rating
- IND AAA
/StableIndia Ratings, 25 Sept 2026 - Verified
- 21 Oct 2026
- HDFC Bank
- Type
- Private bank
- Starting from
- 8%up to 13.45%
- EMI on ₹50,00,000
- ₹41,822at the starting rate
- Processing fee
Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus… Full feeShow less
Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus applicable taxes.- Credit rating
- CARE AAA
/StableCARE, 27 Aug 2026 - Verified
- 21 Oct 2026
- IndusInd Bank
- Type
- Private bank
- Starting from
- 8%up to 15%
- EMI on ₹50,00,000
- ₹41,822at the starting rate
- Processing fee
- upto 1%+ GST
- Credit rating
- Crisil AA+
/StableCRISIL, 19 Aug 2026 - Verified
- 21 Oct 2026
- Tamilnad Mercantile Bank
- Type
- Private bank
- Starting from
- 8.15%up to 9.55%
- EMI on ₹50,00,000
- ₹42,290at the starting rate
- Processing fee
Proposal Processing Charges: Home loan 0.50% of the loan amount* (+… Full feeShow less
Proposal Processing Charges: Home loan 0.50% of the loan amount* (+ GST)- Credit rating
- IND AA-
/StableIndia Ratings, 5 Oct 2026 - Verified
- 21 Oct 2026
- Dhanlaxmi Bank
- Type
- Private bank
- Starting from
- 8.2%up to 12%
- EMI on ₹50,00,000
- ₹42,446at the starting rate
- Processing fee
Upto 10 L – Rs.2500; > 10 L & Upto 50 L – Rs.5000; > 50 L – 0.25%… Full feeShow less
Upto 10 L – Rs.2500; > 10 L & Upto 50 L – Rs.5000; > 50 L – 0.25%, max Rs.15000 (+ taxes)- Credit rating
- [ICRA]BBB-
/StableICRA, 19 Aug 2026 - Verified
- 21 Oct 2026
- CSB Bank
- Type
- Private bank
- Starting from
- 8.3%
- EMI on ₹50,00,000
- ₹42,760at the starting rate
- Processing fee
Maximum 0.6% of Loan Amount (Min of Rs. 10,000/-) + GST (as per… Full feeShow less
Maximum 0.6% of Loan Amount (Min of Rs. 10,000/-) + GST (as per applicable)- Credit rating
- IND A
/StableIndia Ratings, 13 Aug 2026 - Verified
- 21 Oct 2026
- RBL Bank
- Type
- Private bank
- Starting from
- 9%
- EMI on ₹50,00,000
- ₹44,986at the starting rate
- Processing fee
- 2.00% or 15,000/- whichever is higher of Loan Amount* (taxes extra)
- Credit rating
- CARE AAA
/StableCARE, 14 Jul 2026 - Verified
- 21 Oct 2026
- City Union BankRates actually charged in the period to 15 October 2026, from the bank's disclosure; not a card rate
- Type
- Private bank
- Starting from
- 9.4%up to 13.3%Rates actually charged (the period to 15 October 2026), not a starting rate
- EMI on ₹50,00,000
- ₹46,281at the lowest rate charged
- Processing fee
- Not published
- Credit rating
- [ICRA]AA
/StableICRA, 16 Sept 2026 - Verified
- 21 Oct 2026
- Ujjivan Small Finance Bank
- Type
- Small finance bank
- Starting from
- 9.5%
- EMI on ₹50,00,000
- ₹46,607at the starting rate
- Processing fee
Processing fee Rs 3350 + GST, plus CLADUM charges 1.5%-2.0% of the… Full feeShow less
Processing fee Rs 3350 + GST, plus CLADUM charges 1.5%-2.0% of the loan amount + GST depending on product (0.75% for Bank Credit Salary Scheme)- Credit rating
- CARE AA-
/StableCARE, 23 Mar 2026 - Verified
- 21 Oct 2026
- Utkarsh Small Finance Bank
- Type
- Small finance bank
- Starting from
- 9.5%up to 15%
- EMI on ₹50,00,000
- ₹46,607at the starting rate
- Processing fee
Upto 2% of Sanctioned amount and applicable taxes (login fee upto Rs… Full feeShow less
Upto 2% of Sanctioned amount and applicable taxes (login fee upto Rs 10000 + taxes, adjusted in processing fee)- Credit rating
- CARE A-
/StableCARE, 4 Sept 2026 - Verified
- 21 Oct 2026
- DCB Bank
- Type
- Private bank
- Starting from
- 9.75%up to 14.5%
- EMI on ₹50,00,000
- ₹47,426at the starting rate
- Processing fee
- Upto 2% of sanction limit
- Credit rating
- CARE AA-
/StableCARE, 7 Jul 2026 - Verified
- 21 Oct 2026
- Equitas Small Finance BankRates actually charged in July–September 2026, from the bank's disclosure; not a card rate
- Type
- Small finance bank
- Starting from
- 9.75%up to 15.5%Rates actually charged (July–September 2026), not a starting rate
- EMI on ₹50,00,000
- ₹47,426at the lowest rate charged
- Processing fee
- Up to 2% on the sanctioned home loan (plus Admin Fee up to 0.2%)
- Credit rating
- CARE AA-
/StableCARE, 9 Oct 2026 - Verified
- 21 Oct 2026
- Jana Small Finance Bank
- Type
- Small finance bank
- Starting from
- 9.75%up to 16.75%
- EMI on ₹50,00,000
- ₹47,426at the starting rate
- Processing fee
2% of the sanctioned amount. Taxes as applicable. (plus… Full feeShow less
2% of the sanctioned amount. Taxes as applicable. (plus non-refundable login fee Rs 1000-2000 + GST)- Verified
- 21 Oct 2026
These are the lowest home loan rates each bank publishes. The rate you are offered depends on your credit score, income and employer, and can be higher. A row marked “rates actually charged” shows the lowest and highest rates the bank charged on loans in that period, not a starting rate, and is left out of the lowest and highest figures. EMIs above do not include processing fees, insurance or other charges. Check with the bank before you apply. How we check these rates.
- What it is:
- A ranking of Indian banks' home loan starting interest rates.
- What it calculates:
- Each bank's lowest published rate and the EMI on your amount at that rate.
Key Assumptions
- Starting rates as published on each bank's site on the date shown.
- Your actual rate depends on credit score, income and employer.
- EMIs exclude processing fees and other charges.
How does the Lowest Home Loan Interest Rates work?
Each starting rate was read from the bank's own website or rate document and dated; each row links to its source. A row marked "may be outdated" has not been re-checked for more than 45 days.
For loans a lower rate is better, so the list starts with the lowest. The starting rate is the best the bank offers, usually to borrowers with a high credit score; many people are offered more.
The EMI shown uses the starting rate for the amount and tenure you enter. Processing fees, insurance and other charges are not included; fees are shown in the bank's own words where it publishes them.
Rates as of 21 October 2026.
Lowest Home Loan Interest Rates formula
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1)
- P
- = loan amount
- r
- = monthly rate = annual starting rate ÷ 12 ÷ 100
- n
- = tenure in months
Lowest Home Loan Interest Rates: worked example
Lowest 3 starting rates: EMI on ₹50,00,000 over 20 years
- Bank of Maharashtra
- 7.25%, EMI ₹39,519
- Bank of Baroda
- 7.4%, EMI ₹39,974
- UCO Bank
- 7.4%, EMI ₹39,974
Lowest Home Loan Interest Rates: frequently asked questions
Which bank has the lowest home loan rate?
It changes often. The list above ranks every bank's published starting rate, lowest first, with the date each was checked. The lowest rates usually go to borrowers with a credit score of about 750 or more.
Why will my rate be higher than the starting rate?
Banks price home loans by credit score, income, employer, loan amount and loan-to-value. The starting rate is the best band; the bank's sanction letter gives your actual rate.
Are home loan rates fixed or floating?
Most bank home loans in India are floating and linked to an external benchmark such as the RBI repo rate, so your rate moves when the benchmark changes.
Further reading
How Is EMI Calculated?
How Indian lenders work out your monthly instalment, why the interest portion shrinks every month, and what actually changes the number.
Read article
What Happens If You Prepay a Loan?
What a lump-sum prepayment does to an Indian loan, the choice between cutting the tenure and cutting the EMI, and when it is worth doing at all.
Read article
Reviewed by Pradipta Ray, MBA (Finance) · Updated