Current Home Loan Interest Rates in India (August 2026)
Last updated: Aug 3, 2026
Note: Rates change frequently. Always verify the final rate with the bank based on your credit score, income, and profile.
Strong disclaimer: Rates shown are approximate and compiled from publicly available information. They can change without notice. The final rate is decided by the lender after underwriting. This page is for educational purposes only.
01
Approximate Starting Rates (Floating) — Public Sector Banks
| Bank of India, Central Bank of India, Bank of Maharashtra | from ~7.10% |
| Canara Bank, Union Bank, UCO Bank, Indian Bank | from ~7.15% |
| Bank of Baroda, PNB | from ~7.20% |
| SBI | from ~7.25% |
02
Private Sector Banks
| Kotak Mahindra Bank | from ~7.60% |
| HDFC Bank | from ~7.75% |
| ICICI Bank | from ~7.50%–7.65% |
| Axis Bank | from ~8.00% |
| IDFC FIRST Bank | higher (usually 8%+) |
03
Housing Finance Companies (HFCs)
LIC Housing Finance, Bajaj Housing, PNB Housing generally start in the 7.15%–7.75% range depending on profile.
Rates are linked to the RBI repo rate (currently 5.25%). Most home loans in India are floating-rate.
04
Important Points
Credit score matters: the rate you finally get depends heavily on your CIBIL score (750+ gets better rates), employment type, and loan-to-value ratio.
Concessions: women borrowers and government employees often get small rate concessions.
Fixed rates: fixed-rate home loans exist but are significantly higher (often 11–14%).
05
What to Check Before Applying
Exact rate for your profile — not just the “starting from” rate.
Processing fee and other charges.
Prepayment and foreclosure charges before you commit.
Whether the rate is linked to repo rate or MCLR.
Related Calculators
Use the Home Loan EMI Calculator to see how a 0.25% difference in rate affects your total interest over 15–20 years.