Indian Bank Home Loan Interest Rate — 16th September 2026
Public sector bank
The lowest home loan interest rate Indian Bank publishes is 7.15%, and its range runs to 9.15%. We read Indian Bank’s rate page on 16 September 2026; this page reproduces what it says, explains the parts that matter, and turns the rates into EMIs you can plan around.
Starting rate
7.15%
Top of published range
9.15%
Benchmark
Not stated
Effective from
Not published
Read from Indian Bank’s own website on 16 September 2026. Source and method
Indian Bank home loan interest rate card
By scheme
| Scheme | Rate |
|---|---|
| IB Home Loan / IB Home Loan (NRI) | 7.15% – 8.55% |
| Home Loan to Corporate Entity | 7.60% – 9.10% |
| IB Home Loan (CRE) | 7.65% – 9.05% |
| IB Home Loan Plus | 7.65% – 8.75% |
| Home Loan for EWS, LIG & MIG individuals (urban) | 7.75% – 9.15% |
| IB Home Enrich | 8.15% – 8.70% |
| IB Home Improve | 8.15% – 9.55% |
| Plot Loan / Plot Loan (NRI) | 8.15% – 9.55% |
Indian Bank publishes rates by scheme. No credit-score or loan-size grid appears on this page, and no effective date.
What Indian Bank’s interest rate card tells you
Indian Bank organises its card by scheme rather than by credit score, so the first job is finding the right row. A standard purchase loan — IB Home Loan, including the NRI version — runs 7.15% to 8.55%. Plot loans and IB Home Improve, for renovation, both start higher, at 8.15%. The row for EWS, LIG and MIG households in urban areas starts at 7.75%, 0.60% above the standard scheme, so that row isn’t automatically the cheaper route even for borrowers who qualify for it. Check which scheme fits your purchase before you compare the bank’s floor with anyone else’s.
Its floor puts Indian Bank joint 5th out of 48 lenders on our list, and joint 4th among the 11 public sector banks. Unlike a repo-linked bank loan, Indian Bank’s pricing follows a benchmark it sets itself — which Indian Bank can move independently of the RBI. Its starting rate sits 1.90 points over today’s 5.25% repo rate. That range isn’t academic: on ₹60 lakh for 20 years it’s the difference between ₹47,060 and ₹54,564 a month.
EMI at Indian Bank’s home loan interest rate
What Indian Bank’s 7.15% starting rate costs each month on common loan sizes. Treat these as the lowest EMI Indian Bank would charge, not the likely one.
| Loan amount | 10 years | 15 years | 20 years | 25 years | 20 yrs at 9.15% |
|---|---|---|---|---|---|
| ₹25 lakh | ₹29,221 | ₹22,681 | ₹19,608 | ₹17,909 | ₹22,735 |
| ₹40 lakh | ₹46,753 | ₹36,289 | ₹31,373 | ₹28,655 | ₹36,376 |
| ₹60 lakh | ₹70,130 | ₹54,434 | ₹47,060 | ₹42,983 | ₹54,564 |
| ₹90 lakh | ₹1,05,195 | ₹81,651 | ₹70,590 | ₹64,474 | ₹81,846 |
Reducing-balance EMI, before processing fees and insurance. Run your own numbers →
Indian Bank against lenders priced nearby
The four lenders whose published starting rates sit closest to Indian Bank’s, with the EMI each floor produces on ₹60 lakh over 20 years.
| Lender | Published rate | EMI, ₹60 lakh / 20 yrs | vs Indian Bank |
|---|---|---|---|
| Indian Bank Public sector bank | 7.15% – 9.15% | ₹47,060 | — |
| Canara Bank Public sector bank | 7.15% – 10.00% | ₹47,060 | same |
| UCO Bank Public sector bank | 7.15% – 9.25% | ₹47,060 | same |
| Union Bank of India Public sector bank | 7.15% – 9.35% | ₹47,060 | same |
| LIC Housing Finance Housing finance company | 7.15% – 10.30% | ₹47,060 | same |
What moves your rate at Indian Bank
- If your purchase could be booked either as a standard IB Home Loan or under the EWS, LIG and MIG row, ask for both quotes — the standard scheme’s floor is 0.60% lower.
- Start by matching your purchase to the right scheme. On a card organised by product, the same borrower can be quoted very different rates depending on whether the loan is booked as a standard purchase, a plot, an improvement or a top-up.
- If you already bank with the lender, say so. An account the lender can see removes much of the income checking and gives you something to negotiate from.
Indian Bank fees and eligibility
Indian Bank’s service-charge and home loan pages didn’t publish a housing loan processing fee, prepayment rule or eligibility criteria we could read. Ask the branch for its schedule of charges before you apply.
RBI rules bar foreclosure and part-prepayment charges on floating-rate loans to individual borrowers for non-business purposes, so a floating-rate home loan can be prepaid free wherever you borrow.
Indian Bank home loan interest rate — common questions
What is Indian Bank’s home loan interest rate today?
What sets my home loan rate at Indian Bank?
How much is the monthly EMI on ₹60 lakh at Indian Bank?
Is the Indian Bank home loan interest rate floating or fixed?
How does Indian Bank compare with Canara Bank?
Where these figures come from
Source: Indian Bank’s own interest rate page, read by BankCreds on 16 September 2026: https://indianbank.bank.in/en/interest-rates-on-personal-segment-loan-products
Indian Bank publishes no effective date for this rate, so we don’t show one.
This is the first reading in our Indian Bank rate history, taken on 16 September 2026, and future changes will be dated from it. The fees and eligibility shown were read from Indian Bank’s own schedule of charges and product pages.
Rates are what Indian Bank publishes, not an offer: the rate you’re quoted is set by Indian Bank after it assesses your application. How we collect and check rates →