Home Loan Interest Rates in Different Banks: All Banks Compared

Home loan interest rates in different banks start between 7.00% and 8.50% a year for floating-rate loans, as of 17 September 2026. Weaker credit profiles pay up to 13.20% at the same banks. Bank of Maharashtra has the lowest published card rate among the 11 banks below, at 7.00%, and most of these loans track the RBI repo rate of 5.25%.

Key facts

Home loan interest rates of all major banks

The table lists floating rates from each bank’s own rate card. Each bank publishes a benchmark rate and adds or subtracts a spread based on your credit score, loan size and profile.

Banks change these cards without notice, so confirm the rate on the bank’s site before you apply. Our home loan interest rates page tracks lender rates with the date of each update.

Public sector and private banks compared

Public sector banks publish the lowest starting rates. All seven checked start between 7.00% and 7.25%. Their cards are also narrow: Central Bank of India’s full range runs only from 7.20% to 8.75%.

Private banks start higher and spread wider. HDFC Bank prices home loans at the repo rate plus 2.50% to 7.95%, so its range runs from 7.75% to 13.20%. ICICI Bank’s standard card runs from 8.50% to 9.80%, depending on loan size and on salaried or self-employed status.

A lower starting rate helps only if you qualify for it. Compare the rate each bank quotes for your own score and loan size, not the headline figure.

How banks set your home loan rate

New floating-rate home loans must be linked to an external benchmark under the RBI’s rules. Most banks use the repo rate. Your rate is the benchmark plus a spread.

Under the RBI rules, the credit risk part of your spread can change only if your credit assessment changes substantially. Other parts can change once every three years.

What is the average home loan interest rate?

The RBI’s monthly data give the weighted average lending rate on all fresh rupee loans by banks. It was 8.52% in July 2026, down from 8.53% in June. The average on all outstanding loans was 8.97%. Both figures cover every kind of bank loan, so they are a rough guide rather than a home-loan average.

For a like-for-like view, compare starting rates instead. At the 11 banks above, the best-profile rate runs from 7.00% to 8.50%.

How to compare home loan offers

1. Check your credit score, because it decides which slab of each rate card you fall into.
2. Shortlist three or four banks from the table and open each bank’s current rate card.
3. Find the rate for your score, loan amount, loan-to-value ratio and employment type.
4. Ask each bank for its Key Facts Statement, which lists the rate, fees and other charges.
5. Compare processing fees, legal and valuation charges, and any insurance the bank asks you to buy.
6. Work out the EMI for each offer with the EMI calculator and compare total interest over the tenure.

After you take the loan

Repo-linked rates reset at least once every three months, so a repo change reaches your EMI or tenure within a quarter. Our guide on how a repo rate change affects your EMI explains the reset rules.

Banks and NBFCs cannot charge a prepayment fee on a floating-rate loan taken by an individual for a non-business purpose. If another bank offers a lower rate later, you can move your loan without that fee, though the new lender will charge its own processing fee. Borrowers still on MCLR or base rate can ask their bank to switch them to the external benchmark.

Frequently asked questions

What is the home loan interest rate in all banks today?

Floating rates at 11 major banks start between 7.00% and 8.50% as of 17 September 2026. The highest rates on the same cards reach 13.20%.

Which bank has the lowest home loan interest rate?

Among the 11 banks checked, Bank of Maharashtra, at 7.00% for salaried borrowers with a CIBIL score of 800 or more. Union Bank of India and Canara Bank start at 7.15%.

What is the present home loan interest rate of SBI?

SBI’s current rates page shows home loans from 7.25% a year, effective 1 April 2026. Your actual rate depends on your credit score and loan type.

What is the average home loan interest rate in India?

The RBI does not publish a home-loan-only figure in its monthly release. The average rate on all fresh bank loans was 8.52% in July 2026.

Are private bank home loan rates higher than public sector banks?

Starting rates are higher at the private banks checked, from 7.60% at Kotak to 8.50% at ICICI. Public sector banks start from 7.00% to 7.25%.

Will home loan rates change after the October 2026 RBI meeting?

Banks usually reprice repo-linked loans when the RBI changes the repo rate, and the next decision is due on 7 October 2026. A change reaches existing repo-linked loans at the next reset, within three months.

Sources

• Home loans interest rates (current) — State Bank of India (checked 17 Sep 2026)
• External Benchmark based Lending Rate — State Bank of India (checked 17 Sep 2026)
• Retail loans interest rates — Bank of Baroda (checked 17 Sep 2026)
• Retail advances interest rates — Punjab National Bank (checked 17 Sep 2026)
• Rates of interest for retail lending schemes linked to RLLR — Canara Bank (checked 17 Sep 2026)
• Rate of interest for retail lending schemes w.e.f. 24.07.2026 — Union Bank of India (checked 17 Sep 2026)
• Retail interest rates — Bank of Maharashtra (checked 17 Sep 2026)
• Rate of interest for retail schemes — Central Bank of India (checked 17 Sep 2026)
• Home loan interest rates — HDFC Bank (checked 17 Sep 2026)
• Home loan interest rates — ICICI Bank (checked 17 Sep 2026)
• Home loan interest rate — Kotak Mahindra Bank (checked 17 Sep 2026)
• Home loan interest rates and charges — Axis Bank (checked 17 Sep 2026)
• Lending and deposit rates of scheduled commercial banks, August 2026 — Reserve Bank of India (checked 17 Sep 2026)
• Monetary policy statement, August 2026 — Reserve Bank of India (checked 17 Sep 2026)
• Interest Rates on Advances Directions — Reserve Bank of India (checked 17 Sep 2026)
• Pre-payment Charges on Loans Directions, 2025 — Reserve Bank of India (checked 17 Sep 2026)