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9 Banks · Updated August 2026

Home Loan Interest Rates 2026

Compare home loan rates across SBI, HDFC, ICICI, PNB and more. Lowest starting rate 8.40% p.a. at PNB. All rates are floating, linked to RBI repo rate.

8.40%
Lowest Rate
30 Yrs
Max Tenure
90%
Max LTV
9
Banks Compared
Floating rates: All home loan rates listed are minimum rates for salaried borrowers with CIBIL 750+. Actual rate depends on CIBIL score, loan amount, employment type, and LTV ratio. Rates are linked to the RBI repo rate (EBLR) and reset when RBI changes the policy rate.

Home Loan Interest Rate Comparison — All Banks 2026

Minimum rate for salaried applicants with CIBIL 750+. Rates % p.a. (floating).

BankMin RateMax RateEMI/₹1L (20yr)Max TenureUpdated
Public Sector Banks
State Bank of India8.50%9.65%₹86830 yrsJul 2026
Punjab National Bank8.40% ★9.45%₹86230 yrsJul 2026
Bank of Baroda8.40% ★10.25%₹86230 yrsJul 2026
Canara Bank8.45%10.25%₹86530 yrsJul 2026
Private Sector Banks
HDFC Bank8.75%9.80%₹88430 yrsJul 2026
ICICI Bank8.75%9.85%₹88430 yrsJul 2026
Axis Bank8.75%13.30%₹88430 yrsJul 2026
Kotak Mahindra Bank8.75%9.60%₹88420 yrsJul 2026
Housing Finance Companies
LIC Housing Finance8.50%10.75%₹86830 yrsJul 2026

★ = Lowest rate. EMI/₹1L calculated at the minimum rate for 20 years.

EMI per ₹1 Lakh — Home Loan Calculator

Multiply by your loan amount in lakhs to get your actual EMI. Example: ₹40 lakh at 8.50% for 20 years = 879 × 40 = ₹35,160/month.

Tenure@ 8.50%@ 8.75%@ 9.00%
5 years₹2,052₹2,064₹2,076
10 years₹1,240₹1,253₹1,267
15 years₹985₹999₹1,014
20 years₹868₹884₹900
25 years₹805₹822₹839
30 years₹769₹787₹805

Bank-wise Home Loan Details

State Bank of IndiaPublic Sector8.50% – 9.65%

ℹ SBI offers additional concession of 0.05% for women borrowers. CIBIL 750+ gets best rates.

Min Rate8.50% p.a.
Max Rate9.65% p.a.
Max Tenure30 years
Max LTV90%
Processing Fee0.35% of loan amount (min ₹2,000, max ₹10,000) + GST
Rates UpdatedJul 2026
HDFC BankPrivate Sector8.75% – 9.80%

ℹ HDFC Bank (post-merger with HDFC Ltd.) rates are linked to its internal benchmark. Women borrowers get 0.05% concession.

Min Rate8.75% p.a.
Max Rate9.80% p.a.
Max Tenure30 years
Max LTV90%
Processing FeeUp to 0.50% + GST (min ₹3,000)
Rates UpdatedJul 2026
ICICI BankPrivate Sector8.75% – 9.85%

ℹ iHome loan product linked to RLLR. Salary account holders may get preferential rates.

Min Rate8.75% p.a.
Max Rate9.85% p.a.
Max Tenure30 years
Max LTV90%
Processing Fee0.50% + GST (min ₹1,500)
Rates UpdatedJul 2026
Punjab National BankPublic Sector8.40% – 9.45%

ℹ PNB Housing Finance (subsidiary) and PNB (bank) have different rate cards. Bank rate shown here.

Min Rate8.40% p.a.
Max Rate9.45% p.a.
Max Tenure30 years
Max LTV90%
Processing Fee0.35% + GST (max ₹15,000)
Rates UpdatedJul 2026
Bank of BarodaPublic Sector8.40% – 10.25%

ℹ Baroda Home Loan advantage scheme offers tiered rates based on CIBIL score and loan amount.

Min Rate8.40% p.a.
Max Rate10.25% p.a.
Max Tenure30 years
Max LTV90%
Processing Fee0.25–0.50% + GST
Rates UpdatedJul 2026
Canara BankPublic Sector8.45% – 10.25%
Min Rate8.45% p.a.
Max Rate10.25% p.a.
Max Tenure30 years
Max LTV90%
Processing Fee0.50% + GST (max ₹10,000)
Rates UpdatedJul 2026
Axis BankPrivate Sector8.75% – 13.30%

ℹ Wide rate spread due to self-employed segment. Salaried borrowers with 750+ CIBIL qualify for lower end.

Min Rate8.75% p.a.
Max Rate13.30% p.a.
Max Tenure30 years
Max LTV90%
Processing Fee1% + GST (min ₹10,000)
Rates UpdatedJul 2026
Kotak Mahindra BankPrivate Sector8.75% – 9.60%

ℹ Kotak offers a relatively narrow rate band — tight underwriting with focus on prime borrowers.

Min Rate8.75% p.a.
Max Rate9.60% p.a.
Max Tenure20 years
Max LTV90%
Processing Fee0.50% + GST
Rates UpdatedJul 2026
LIC Housing FinanceHFC8.50% – 10.75%

ℹ LIC HFL is a Housing Finance Company (HFC), not a bank. Rates linked to PLR. Popular for LIC policyholders.

Min Rate8.50% p.a.
Max Rate10.75% p.a.
Max Tenure30 years
Max LTV90%
Processing FeeUp to ₹10,000 + GST
Rates UpdatedJul 2026

How to Get the Best Home Loan Rate

Maintain CIBIL Score 750+

The single biggest factor in getting the best rate. Pay all EMIs and credit card dues on time. Check your CIBIL score 6 months before applying and fix any errors.

Lower LTV = Lower Rate

A higher down payment reduces your Loan-to-Value ratio. Banks often offer better rates for LTV below 75%. If you can pay 30–40% down, you'll typically qualify for a lower rate slab.

Compare Processing Fees

The interest rate is not the only cost. A bank with 8.40% and 1% processing fee may cost more than one at 8.50% with 0.25% processing fee on a ₹50L loan. Calculate the total cost of the loan.

Consider a Balance Transfer

If your existing home loan rate is above 9.50%, explore balance transfer (refinancing) to a lower-rate bank. Savings in interest can far outweigh the switching cost after 3+ years of your loan term.

Women Co-applicants Get 0.05% Off

SBI and HDFC Bank offer 5 basis point concession when the primary applicant or co-applicant is a woman. Small but meaningful over a 20–30 year tenure.

Floating vs Fixed Decision

With RBI in a rate-cut cycle, floating rates are currently attractive. Fixed-rate loans are safe if you want certainty, but typically priced 1–2% higher than floating rates.

Frequently Asked Questions

Which bank has the lowest home loan interest rate in 2026?
Among major banks, PNB and Bank of Baroda offer the lowest starting home loan interest rates in 2026 at 8.40% p.a. SBI starts at 8.50%, while HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank start at 8.75%. The actual rate you get depends on your CIBIL score, loan amount, income, and loan-to-value ratio. Borrowers with CIBIL 750+ typically qualify for the lowest slab.
What is the EMI for a ₹50 lakh home loan for 20 years?
At 8.50% p.a. (SBI's starting rate), the EMI for a ₹50 lakh home loan over 20 years is approximately ₹43,391 per month. At 8.75%, it rises to ₹44,233, and at 9.00% to ₹45,085. Use the EMI per lakh table on this page — multiply the per-lakh EMI by 50 for a ₹50 lakh loan.
What CIBIL score is required for a home loan in 2026?
Most banks require a minimum CIBIL score of 700–750 to approve a home loan. To get the best (lowest) interest rate slab, you typically need 750 or above. With a CIBIL score below 650, home loan approval is very difficult from major banks — you may need to approach HFCs (Housing Finance Companies) which have more flexible criteria but higher rates.
Is home loan interest rate fixed or floating?
All major bank home loans in 2026 are floating rate loans linked to an external benchmark — either the RBI Repo Rate (External Benchmark Lending Rate, EBLR) or the bank's own internal benchmark. Floating rates change when the RBI changes the repo rate. Fixed-rate home loans are offered by some HFCs but are usually 1–2% higher than floating rates. Fixed rates offer certainty; floating rates benefit when RBI cuts repo rate.
How much home loan can I get on my salary?
A general rule of thumb: banks allow EMI up to 40–50% of monthly net income. For example, a monthly salary of ₹50,000 may qualify for EMI up to ₹20,000–₹25,000. At 8.50% for 20 years, an EMI of ₹20,000 corresponds to a loan of approximately ₹23 lakh. Higher-income applicants with no other EMIs can often stretch to 55–60% EMI-to-income ratio. SBI and some banks use 'Net Take Home Pay' (post all deductions) as the base.
What is the maximum LTV (Loan-to-Value) for a home loan?
As per RBI guidelines, the maximum LTV for home loans is: (1) Loans up to ₹30 lakh: 90% LTV; (2) Loans ₹30 lakh to ₹75 lakh: 80% LTV; (3) Loans above ₹75 lakh: 75% LTV. This means you must fund at least 10–25% of the property value as down payment from your own sources.
Can bank employees get home loans at a lower rate?
Yes. Bank employees are eligible for staff home loans at significantly reduced interest rates — typically 1–3% below the market rate. SBI staff home loans start at around 7.00–7.50%; other banks have similar concessional rates under internal staff welfare schemes. Staff loans are not publicly advertised and are available only to confirmed employees of the bank.
Disclaimer: Home loan interest rates are sourced from official bank websites and updated periodically. Rates change without notice and depend on individual credit profile, loan amount, and property type. Always verify the current rate with your bank before applying. This page is for informational purposes only and does not constitute financial advice. We are not affiliated with any bank listed.