Best home loan interest rates in India
Indicative rates, processing fees and tenure across 8 major lenders, as of June 2026. Rates are repo-linked and depend on your credit profile and loan-to-value.
By NexMaxo Editorial Team · Rates verified June 2026· Indicative, repo-linked & profile-dependent
Some lender links are affiliate links — if you take a loan through them we may earn a commission, at no extra cost to you. It never changes the order, which is sorted purely by the lowest published rate. How we make money →
No prepayment penalty on floating-rate loans. RBI bars banks and HFCs from charging foreclosure or prepayment fees on floating-rate home loans to individuals — so you can prepay early for free.
The “from” rate is the best case. Home-loan rates are repo-linked; your actual rate depends on your CIBIL score, loan amount and loan-to-value. Confirm your offer before committing.
8 lenders compared
Sorted by the lowest published starting rate. All rates indicative, as of June 2026.
| Lender | Rate (p.a.) | Processing fee | Max tenure | View |
|---|---|---|---|---|
| Bank of Baroda | 7.20%–8.95% p.a. (BRLLR-linked, floating) | Up to 0.50% of loan (capped); often waived in promos | Up to 30 years | View |
| Bajaj Housing Finance | Salaried from 7.25% (7.25%–10.25%); self-employed from 7.70% | Nominal fee at application (varies) | Up to 32 years | View |
| State Bank of India | From 7.25% p.a. (~7.25%–8.70%, repo-linked) | 0.35% + GST (₹2,000–₹10,000); often waived in promos | Up to 30 years | View |
| HDFC Bank | 7.75%–13.20% p.a. (repo 5.25% + spread, floating) | Up to 0.50% of loan or ₹3,000 (whichever higher) + GST | Up to 30 years | View |
| LIC Housing Finance | ~8.00%–10.50% p.a. (floating, profile-dependent) | ~0.25% of loan (0%–0.50%) | Up to 30 years (salaried) | View |
| Kotak Mahindra Bank | ~8.10%–9.45% p.a. (floating, indicative) | Up to 2% of loan + GST | Up to 25 years | View |
| ICICI Bank | 8.50%–9.80% p.a. (repo-linked, floating) | 0.50% of loan + GST | Up to 30 years | View |
| Axis Bank | From ~8.75% p.a. (~8.75%–9.15%, floating) | Up to 1% of loan (min ₹10,000) + GST | Up to 30 years | View |
Indicative repo-linked rates verified as of June 2026; your actual rate, fee and limit depend on your profile, loan amount and LTV. Confirm on the lender's official page before applying.
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Each lender in detail
- Processing fee
- Up to 0.50% of loan (capped); often waived in promos
- Max tenure
- Up to 30 years
- Prepayment
- Nil on floating-rate loans to individuals (RBI rule)
- Eligibility
- 21–70 yrs; salaried & self-employed; LTV up to ~90% on smaller loans
Bajaj Housing Finance home loan
Salaried from 7.25% (7.25%–10.25%); self-employed from 7.70%
Read full review- Processing fee
- Nominal fee at application (varies)
- Max tenure
- Up to 32 years
- Prepayment
- Nil on floating-rate loans to individuals (RBI rule)
- Eligibility
- Salaried 23–67, self-employed 25–70; NRIs eligible
- Processing fee
- 0.35% + GST (₹2,000–₹10,000); often waived in promos
- Max tenure
- Up to 30 years
- Prepayment
- Nil on floating-rate loans to individuals (RBI rule)
- Eligibility
- 18–70 yrs; salaried & self-employed; ~5 bps women concession; LTV up to ~90%
- Processing fee
- Up to 0.50% of loan or ₹3,000 (whichever higher) + GST
- Max tenure
- Up to 30 years
- Prepayment
- Nil on floating-rate loans to individuals; fixed-rate 2%
- Eligibility
- 21–65 yrs; salaried & self-employed; LTV ~75–90% by loan size
- Processing fee
- ~0.25% of loan (0%–0.50%)
- Max tenure
- Up to 30 years (salaried)
- Prepayment
- Nil on floating-rate loans to individuals (RBI/NHB rule)
- Eligibility
- Salaried ~18–70, self-employed ~18–60+; CIBIL 750+ for best rate
- Processing fee
- Up to 2% of loan + GST
- Max tenure
- Up to 25 years
- Prepayment
- Nil on floating-rate loans to individuals (RBI rule)
- Eligibility
- Salaried 18–60, self-employed 18–65; LTV tiered by loan size
- Processing fee
- 0.50% of loan + GST
- Max tenure
- Up to 30 years
- Prepayment
- Nil on floating-rate loans to individuals (RBI rule)
- Eligibility
- Salaried 20–65, self-employed 21–70; LTV ~75–90%; score 700+ for best rate
- Processing fee
- Up to 1% of loan (min ₹10,000) + GST
- Max tenure
- Up to 30 years
- Prepayment
- Nil on floating-rate loans to individuals (RBI rule)
- Eligibility
- 21–60 yrs; salaried, professionals & self-employed; NRIs eligible
How we compile this
We list lenders by their lowest published starting rate, taken from each lender's official page and corroborating sources, verified as of June 2026 — never by any commercial arrangement. Because a home loan is repo-linked and priced per borrower, we show the indicative range, processing fee and prepayment terms rather than a single number. Our methodology · how we make money.
Home loans — FAQs
The advertised "starting" rate (here, as low as 7.2% p.a.) goes to borrowers with the strongest profiles — a high credit score, and a lower loan-to-value. Home-loan rates are repo-linked, so they move with the RBI repo rate, and your spread depends on your CIBIL score, loan amount and LTV. Treat every figure here as indicative.
Not on floating-rate home loans to individuals. The RBI bars banks and HFCs from charging prepayment or foreclosure penalties on floating-rate housing loans to individual borrowers — so you can prepay or close early at no charge. Fixed-rate loans (and business-purpose loans) may still carry a charge, so confirm your rate type.
LTV is the maximum share of the property value a lender will finance — you fund the rest as a down payment. Per RBI norms it's broadly up to ~90% for loans up to ₹30 lakh, ~80% for ₹30–75 lakh, and ~75% above ₹75 lakh. A lower LTV (bigger down payment) often earns a better rate.
Usually 0.25%–1% of the loan amount plus GST, sometimes capped — and frequently waived or reduced during festive promotions. It's a one-time charge, so factor it (and any legal/valuation fees) into the upfront cost.
Most Indian home loans are floating (repo-linked): the rate moves with the RBI repo rate, and — helpfully — RBI rules make them penalty-free to prepay. A fixed rate gives EMI certainty but is usually higher and may carry a prepayment charge. Floating suits most borrowers, especially if you may prepay.
This is an informational comparison, not financial advice or a loan offer. Home-loan rates, fees and limits are indicative, repo-linked and profile-dependent — your actual offer depends on the lender's assessment, your loan amount and loan-to-value. Confirm the current terms on the lender's official page before applying.