Find the Home Loan That Fits You

Home Loan Interest Rates

The lowest home loan rate among the 48 lenders we track is 7.00%, from Bank of Maharashtra. On a ₹50 lakh loan over 20 years that starting rate means an EMI of ₹38,765. Every rate below was read from the lender’s own website on 16 September 2026; the RBI repo rate, the benchmark most floating home loans follow, is 5.25%.

Starting rates only; lenders that disclose the range they actually charged instead of a card rate are left out of this table. See every lender’s rate on the home loan interest rates page.

Fixed vs floating home loan rates

A floating rate moves when the benchmark behind it moves; a fixed rate stays put for the period the lender fixes it. Nearly every home loan in India is floating. Of the 48 lenders here, 9 also publish fixed-rate options — PNB, IDBI Bank, Kotak Mahindra Bank, Dhanlaxmi Bank and others — and those are usually priced above the same lender’s floating rate, or fixed only for the first few years.

Floating rates also cost less to leave. The RBI does not allow lenders to charge foreclosure or part-prepayment fees on floating-rate loans to individuals borrowing for non-business purposes, so you can prepay or refinance a floating home loan without a penalty.

Repo-linked home loan rates

Since October 2019, banks have had to link new floating-rate retail loans to an external benchmark, and almost all chose the RBI’s policy repo rate, now 5.25%. Your rate is that benchmark plus a spread the lender sets for your profile, so when the RBI cuts or raises the repo rate, your rate follows at the next reset. 26 of the lenders we track price this way.

Housing finance companies aren’t bound by that rule. 16 lenders here price off a benchmark they set themselves — a prime lending rate or reference rate — which moves when the lender decides, not automatically with the repo rate. It’s worth asking such a lender how often it has passed on repo cuts.

How lenders decide your home loan rate

The advertised starting rate goes to the strongest applications. What you’re offered depends mainly on your credit score, the loan amount and loan-to-value, whether you’re salaried or self-employed, and the property. 13 of the lenders we track publish a grid showing how their rate moves with your credit score; the rest assess privately and quote you a rate after you apply.

How much your credit score changes the rate

These lenders publish their rate for each credit-score band. The gap between their best and lowest published band is the price of a weaker score, shown here as the extra EMI on a ₹50 lakh, 20-year loan.

Salaried vs self-employed home loan rates

Lenders that price by employment usually charge self-employed borrowers a little more, because income is harder to verify. Here is the gap at the same credit band or product, from the lenders that publish both.

Column labels differ by lender: some compare salaried with “non-salaried”, and Can Fin Homes groups self-employed professionals with salaried borrowers.

Loan-to-value: how much of the property a lender can fund

The RBI limits a home loan to a share of the property’s value, set by the size of the loan. The rest is your down payment. Stamp duty and registration are generally left out of the property value the lender funds.

On a ₹65 lakh flat, for example, a loan above ₹30 lakh can be at most 80% of the value — ₹52 lakh — so you’d need ₹13 lakh of your own money plus stamp duty and registration.

Home loan processing fees

Processing fees vary far more than rates. On a ₹50 lakh loan, the fees published by the 44 lenders whose schedules we could turn into a rupee figure run from ₹5,000 at LIC Housing Finance to up to ₹2,00,000 at Bajaj Housing Finance. Ask for the fee in writing alongside the rate: two offers at the same rate can differ by tens of thousands of rupees here.

Before GST unless marked. Figures follow each lender’s published schedule of charges, including any login or administrative fee it adds.

Prepayment and foreclosure charges

If your home loan is on a floating rate and you borrowed as an individual for a non-business purpose, the RBI does not allow the lender to charge you for paying part of it early or closing it — whether with your own money or by moving to another lender. Fixed-rate loans are different: lenders can and do charge, typically when you move the loan to another lender. Each lender page lists that lender’s published prepayment terms.

Compare Home Loan Providers

A short summary of every lender we track, grouped by type. Each links to that lender’s full rate card, fees, eligibility and EMI table.