Are you ready to turn your dream of owning a home into reality? With India’s real estate market buzzing and banks rolling out competitive home loan offers, now could be the perfect time to take the plunge. But here’s the burning question: which bank offers the best housing loan interest rates? Will it be the trusted State Bank of India, the customer-centric HDFC Bank, or perhaps a dark horse like Indian Bank? The suspense is real, and the stakes are high—choosing the right lender could save you lakhs over your loan tenure. In this guide, we unravel the latest housing loan interest rates from 21 leading banks, including SBI, ICICI, Bank of Baroda, and more. Packed with curiosity-piquing insights, up-to-date data, and actionable tips, this blog post is your roadmap to securing the best home loan deal in India.
State Bank of India
SBI’s home loan interest rates are dynamic, influenced by the Reserve Bank of India’s (RBI) repo rate and the borrower’s credit profile. As of June 15, 2025, following a 50-basis-point repo rate cut, SBI reduced its External Benchmark Rate (EBR) to 8.15%. Home loan rates now range from 7.50% to 8.45% p.a. based on the borrower’s CIBIL score. Here’s a breakdown of the latest rates for key schemes:
Scheme | Interest Rate Range (p.a.) | CIBIL Score Dependency |
Regular Home Loan | 7.50% – 8.45% | 650-900 |
Maxgain (Overdraft) | 7.75% – 8.70% | 650-900 |
Top-Up Home Loan | 8.00% – 10.50% | 650-900 |
Tribal Plus | 9.25% onwards | 650-900 |
Privilege Home Loan | 8.50% onwards | 650-900 |
Processing Fees
Product | Processing Fee |
Home Loans – Regular | 0.35% of loan amount + GST, min Rs.2,000 + GST, max Rs.10,000 + GST |
Other Home Loan Products (NRI, Realty, Maxgain, CRE, Flexi-pay, Nonsalaried, PAL, Trible Plus, Apon Ghar Loan > Rs.15 lacs) | 0.35% of loan amount + GST, min Rs.2,000 + GST, max Rs.10,000 + GST |
Home Top-Up Loan | 0.35% of loan amount + GST, min Rs.2,000 + GST, max Rs.10,000 + GST |
Personal Loan against Property (P-LAP) | 1% of loan amount + GST, max Rs.50,000 + GST |
YONO Insta Home Top-Up Loan (Digital Product) | Rs.2,000 + GST |
Reverse Mortgage Loan | 0.50% of loan amount, min Rs.2,000, max Rs.10,000 + GST |
Earnest Money Deposit (EMD) Scheme | 0.50% |
Suraksha Loan | NIL |
Privilege & Shaurya Home Loans | NIL |
Apon Ghar (HL ≤ Rs.15 lacs) | NIL |
Kerala Govt Employees Home Loans Scheme | NIL |
Note: Rates are linked to the EBLR (currently 8.15%) and reset as per RBI guidelines. Women borrowers receive a 5-basis-point (bps) concession on most schemes.
HDFC Bank Home Loan Interest Rates
The following table outlines HDFC Bank’s home loan interest rates based on CIBIL score ranges, alongside key loan highlights, processing fees, and additional charges. The rates reflect floating-rate loans linked to the RBI’s repo rate and HDFC’s Retail Prime Lending Rate (RPLR).
CIBIL Score Range | Interest Rate (p.a.) | Loan Highlights |
780 and above | 7.90% – 8.50% | Loan Amount: Up to 90% of property cost (LTV ratio). Tenure: Up to 30 years. Eligibility: Salaried/self-employed with stable income; minimum CIBIL score of 720–750. Special Schemes: Women applicants get 0.05%–0.10% rate reduction (e.g., 7.85% p.a.); government employees at 6.90% p.a. for 5–20 years. |
750 – 779 | 8.50% – 9.00% | Loan Amount: Up to ₹10 crores for high-value properties. Tenure: Flexible up to 30 years. Benefits: No prepayment charges on floating-rate loans; tax benefits under Sections 80C and 24(b). Digital Process: Online application with quick approvals. |
720 – 749 | 9.00% – 9.50% | Loan Types: Regular, top-up, balance transfer, rural housing, Reach Loans. Eligibility: Minimum age 21; stable income required. Features: Overdraft facility; customized repayment options (e.g., Step-Up, Accelerated). |
Below 720 | 9.50% – 10.05% | Challenges: Stricter approval criteria; higher rates due to increased credit risk. Support: Co-applicant with higher CIBIL score can improve terms. Inclusivity: Reach Loans for micro-entrepreneurs with limited documentation. |
Special Concessions:
- Women Applicants: 0.05%–0.10% rate reduction (e.g., 7.85% for 780+ CIBIL score).cleartax.in
- Government Employees: Rates as low as 6.90% p.a. for 5–20-year tenures.cleartax.in
- Top-Up Loans: Start at 8.15% p.a.; balance transfer loans align with standard rates.paisabazaar.com
Rate Types:
- Floating Rates: Linked to RPLR (18.55% as of March 2023) and repo rate, offering savings when rates drop (e.g., 7.90% reported in some sources).paisabazaar.combankbazaar.com
- TruFixed Loans: Fixed for 2 years, then floating; typically 0.25%–0.50% higher.hdfc.com
Other Charges: Include state-specific stamp duties, MOD/MOE, CERSAI charges, and mortgage guarantee fees for overdue payments.
ICICI Bank Home Loan Interest Rates
The following tables outline ICICI Bank’s home loan interest rates, categorized by CIBIL score where applicable, as well as other loan types. All rates are linked to the Repo Rate (currently 5.50% as of January 2025) and are valid until July 31, 2025. Rates may vary based on parameters such as bureau score, customer profile, and segment.
- Special Home Loan Interest Rates
These rates are tailored to the applicant’s CIBIL score, ensuring personalized lending terms for salaried and self-employed customers.
|
CIBIL Score |
Salaried Customers |
Self-Employed Customers |
|
800 and above |
8.75% |
8.75% |
|
750 – 800 |
8.75% |
8.85% |
Notes:
- A processing fee of 0.50% of the loan amount, plus applicable taxes, applies.
- Rates are subject to variation based on customer profile and segment.
- Standard Home Loan Interest Rates
These rates apply to home loans based on loan amount and customer type, accessible to a broad range of borrowers.
|
Loan Amount |
Salaried Customers |
Self-Employed Customers |
|
Up to ₹35 lakhs |
8.75% – 9.40% |
8.75% – 9.55% |
|
₹35 lakhs to ₹75 lakhs |
8.75% – 9.55% |
8.75% – 9.70% |
|
Above ₹75 lakhs |
8.75% – 9.65% |
8.75% – 9.80% |
Notes:
- A processing fee of 0.50% of the loan amount, plus applicable taxes, applies.
- Rates vary based on CIBIL score, customer profile, and segment.
- Fixed Home Loan Interest Rates
Fixed-rate loans offer stability with constant EMIs for the specified tenure, ideal for predictable repayments.
|
Fixed Tenure |
Rate of Interest |
|
24 Months |
8.85% |
|
37 Months |
8.65% – 8.80% |
|
60 Months |
Not specified |
|
120 Months |
10.75% – 11.80% |
|
Full Term |
10.90% – 11.20% |
Notes:
- Rates vary based on CIBIL score, customer profile, and segment.
- Fixed rates ensure consistent EMI payments throughout the chosen tenure.
- Loan Against Property (LAP)/NRP/LRD Interest Rates
These rates apply to loans against property, non-residential premises (NRP), or lease rental discounting (LRD), categorized by loan amount.
|
Loan Amount |
Salaried & Self-Employed: Priority Sector (PSL) |
Self-Employed: Non-PSL |
|
Up to ₹50 lakhs |
11.10% – 11.75% |
11.60% – 12.25% |
|
₹50 lakhs to ₹100 lakhs |
10.85% – 11.50% |
11.35% – 12.00% |
|
Above ₹100 lakhs |
10.60% – 11.25% |
11.10% – 11.75% |
Notes:
- Rates are linked to the Repo Rate.
- Variations depend on CIBIL score, customer profile, and segment.
Additional Information
- Eligibility: Rates are influenced by CIBIL score, customer profile (salaried or self-employed), loan amount, and market segment. Higher CIBIL scores (e.g., 750 and above) typically qualify for lower rates.
- Loan Tenure: Home loans offer tenures up to 30 years; balance transfer loans up to 20 years.
- Other Schemes: Express Home Loan, NRI Home Loan, and Money Saver Home Loan have rates starting at 9.10% per annum.
- Recommendation: For precise quotes, visit ICICI Bank’s website or contact [email protected]. Use the EMI Calculator for monthly payment estimates.
Disclaimer: Rates are indicative and subject to ICICI Bank’s terms. Verify with the bank for final approval and applicable rates.
Bank of Baroda Housing Loan Interest Rates
Your dream home with Bank of Baroda’s Home Loan! Interest rates hinge on your CIBIL score, ranging from 7.45% to 10.20%. Will you secure the lowest rate? Processing charges vary—up to ₹25,000 or NIL for some. Dive into the details to discover how your score shapes your loan journey.
Floating Rate
Product | Conditions | Repo Rate + Spread | Effective Rate of Interest |
Baroda Home Loan (Non-Staff) | Salaried* | BRLLR – 0.70% to BRLLR + 1.05% | 7.45% to 9.20% |
Baroda Home Loan (Non-Staff) | Non-Salaried* | BRLLR – 0.70% to BRLLR + 1.05% | 7.45% to 9.20% |
*Note: Interest rate depends on loan limit and CIBIL score. A 0.05% risk premium applies for customers without credit insurance.
Fixed Rate
Product | Conditions | Repo Rate + Spread | Effective Rate of Interest |
Baroda Home Loan (Non-Staff) | Salaried* | BRLLR + 1.00% to BRLLR + 2.05% | 9.15% to 10.20% |
Baroda Home Loan (Non-Staff) | Non-Salaried* | BRLLR + 1.10% to BRLLR + 2.05% | 9.25% to 10.20% |
*Note: Interest rate depends on loan limit and CIBIL score.
Processing Charges (Effective from 01.04.2025)
Retail Product | Charges (Excl. GST) |
Baroda Home Loan (All Variants) | |
Loan up to ₹50 Lacs | 0.50%, Min: ₹8,500, Max: ₹15,000 |
Loan above ₹50 Lacs | 0.25%, Min: ₹8,500, Max: ₹25,000 |
Takeover | Flat ₹8,500 |
Baroda Top Up Loan | 0.35%, Min: ₹5,000, Max: ₹12,500 |
Baroda Yoddha Home Loan | NIL, Out-of-pocket expenses: ₹8,500 per property |
Baroda Home Loan to Govt. Employees | |
Non-DSA/DST Leads | NIL |
DSA/DST Leads (up to ₹50 Lacs) | 0.50%, Min: ₹8,500, Max: ₹15,000 |
DSA/DST Leads (above ₹50 Lacs) | 0.25%, Min: ₹8,500, Max: ₹25,000 |
Repayment Capacity
Total deductions, including proposed EMI, should not exceed:
Salaried Persons
Net Monthly Income | Deduction Limit |
< ₹25,000 | 40% |
₹25,000 – < ₹50,000 | 60% |
₹50,000 – < ₹1,00,000 | 65% |
₹1,00,000 – < ₹2,00,000 | 70% |
≥ ₹2,00,000 | 75% |
Others
Average Net Annual Income (Last 2 Years) | Deduction Limit |
≤ ₹6,00,000 | 70% |
> ₹6,00,000 | 80% |
Source: Bank of Baroda website
Punjab National Bank Housing Loan Interest Rates
Your dream home with Punjab National Bank’s housing loans starting at an enticing 7.45% p.a.! Dive into the “PNB Monsoon Bonanza 2025” for exclusive 5bps concessions until September 30, 2025. With tailored rates for CIBIL scores and loan amounts, plus special solar power system loans from 6% p.a., what hidden savings await you? Explore now and seize this limited-time offer!
Home Loan (Standard)
Starting from 7.45% p.a. (Additional 5bps concession under “PNB Monsoon Bonanza 2025” from 01.07.2025 to 30.09.2025)
Margin & Loan Amount | CIBIL TU or Equivalent | Floating ROI | Fixed ROI (≤10 years) | Fixed ROI (>10 years) |
Loan > Rs. 30 lacs, LTV Ratio ≤ 80% | 800 & above | RLLR+BSP-0.85% (7.50%) | 8.50% | 9.00% |
Irrespective of Loan Amount, LTV Ratio ≤ 80% | PNB Pride* | RLLR+BSP-0.80% (7.55%) | 8.55% | 9.05% |
750 and above | RLLR+BSP-0.80% (7.55%) | 8.55% | 9.05% | |
700-749 | RLLR+BSP-0.35% (8.00%) | 9.00% | 9.50% | |
600-699 | RLLR+BSP+0.75% (9.10%) | 10.10% | 10.60% | |
Loan ≤ Rs. 30 lacs, LTV Ratio > 80% but ≤ 85% | PNB Pride* | RLLR+BSP-0.70% (7.65%) | 8.65% | 9.15% |
750 and above | RLLR+BSP-0.70% (7.65%) | 8.65% | 9.15% | |
700-749 | RLLR+BSP-0.25% (8.10%) | 9.10% | 9.60% | |
600-699 | RLLR+BSP+0.85% (9.20%) | 10.20% | 10.70% |
Home Loan (TL PNB Max Saver)
Starting from 7.60% p.a. (Additional 5bps concession under “PNB Monsoon Bonanza 2025” from 01.07.2025 to 30.09.2025)
Margin & Loan Amount | CIBIL TU or Equivalent | Floating ROI | Fixed ROI (≤10 years) | Fixed ROI (>10 years) |
Loan > Rs. 30 lacs, LTV Ratio ≤ 80% | 800 & above | RLLR+BSP-0.70% (7.65%) | 8.65% | 9.10% |
Irrespective of Loan Amount, LTV Ratio ≤ 80% | PNB Pride* | RLLR+BSP-0.65% (7.70%) | 8.70% | 9.20% |
750 and above | RLLR+BSP-0.65% (7.70%) | 8.70% | 9.20% | |
700-749 | RLLR+BSP-0.20% (8.15%) | 9.15% | 9.65% | |
600-699 | RLLR+BSP+0.90% (9.25%) | 10.25% | 10.75% | |
Loan ≤ Rs. 30 lacs, LTV Ratio > 80% but ≤ 85% | PNB Pride* | RLLR+BSP-0.55% (7.80%) | 8.80% | 9.30% |
750 and above | RLLR+BSP-0.55% (7.80%) | 8.80% | 9.30% | |
700-749 | RLLR+BSP-0.10% (8.25%) | 9.25% | 9.75% | |
600-699 | RLLR+BSP+1.00% (9.35%) | 10.35% | 10.85% |
Home Loan (OD PNB Max Saver)
Starting from 7.60% p.a. (Additional 5bps concession under “PNB Monsoon Bonanza 2025” from 01.07.2025 to 30.09.2025)
Margin & Loan Amount | CIBIL TU or Equivalent | Floating ROI | Fixed ROI (≤10 years) | Fixed ROI (>10 years) |
Loan > Rs. 30 lacs, LTV Ratio ≤ 80% | 800 & above | RLLR+BSP-0.70% (7.65%) | 8.65% | 9.15% |
Irrespective of Loan Amount, LTV Ratio ≤ 80% | PNB Pride* | RLLR+BSP-0.65% (7.70%) | 8.70% | 9.20% |
750 and above | RLLR+BSP-0.65% (7.70%) | 8.70% | 9.20% | |
700-749 | RLLR+BSP-0.20% (8.15%) | 9.15% | 9.65% | |
600-699 | RLLR+BSP+0.90% (9.25%) | 10.25% | 10.75% | |
Loan ≤ Rs. 30 lacs, LTV Ratio > 80% but ≤ 85% | PNB Pride* | RLLR+BSP-900% (7.80%) | 8.80% | 9.30% |
750 and above | RLLR+BSP-0.55% (7.80%) | 8.80% | 9.30% | |
700-749 | RLLR+BSP-0.10% (8.25%) | 9.25% | 9.75% | |
600-699 | RLLR+BSP+1.00% (9.35%) | 10.35% | 10.85% |
Solar Power System Loan
Starting from 6% p.a.
Loan Amount ≤ Rs. 2 Lakhs
- Floating: Repo Rate + 0.50% (6.00% p.a.)
Loan Amount > Rs. 2 Lakhs and ≤ Rs. 6 Lakhs
CIBIL TU or Equivalent | Floating ROI (Home Loan Borrower) | Floating ROI (Non-Home Loan Borrower) | Fixed ROI (Home Loan Borrower) | Fixed ROI (Non-Home Loan Borrower) |
800 and above | RLLR+BSP-0.85% (7.50%) | RLLR+BSP+0.15% (8.50%) | 8.50% | 9.50% |
750-799 (including -1/0/No hit/Nil) | RLLR+BSP-0.80% (7.55%) | RLLR+BSP+0.20% (8.55%) | 8.55% | 9.55% |
700-749 | RLLR+BSP-0.35% (8.00%) | RLLR+BSP+0.65% (9.00%) | 9.00% | 10.00% |
680-699 | RLLR+BSP+0.75% (9.10%) | RLLR+BSP+1.75% (10.10%) | 10.10% | 11.10% |
Top-Up Loan (Overdraft/Term Loan)
Type | Floating ROI | Fixed ROI (≤10 years) | Fixed ROI (>10 years) |
Term Loan | RLLR+BSP+0.35% (8.70%) | 9.70% | 10.20% |
Overdraft | RLLR+BSP+1.35% (9.70%) | 10.70% | 11.20% |
Other Terms & Conditions
- *PNB Pride: Permanent employees of Central/State Govt., Para Military personnel, Pensioners of Central/State Govt., and PSU employees.
- No additional concession for women borrowers.
- Rates subject to change based on RLLR and BSP.
Canara Bank Housing Loan Interest Rates
Canara Bank’s housing loan secrets! With rates starting at just 7.40%, flexible tenures up to 30 years, and exclusive concessions for salaried professionals, your dream home is closer than you think. But hurry—special waivers end September 30, 2025! Will you seize this opportunity or miss out? Dive into the details and unlock the key to affordable homeownership now!
Floating Rate of Interest
Sanctioned Limit Up to Rs. 50.00 Lakh
Scheme | Base Rate | Spread | Concession | Effective ROI | Spread (Salaried) | Effective ROI (Salaried) |
CRG-Prime | 8.25 | 0.00 | -0.75 | 7.50 | 0.05 | 7.55 |
CRG-1 | 8.25 | 0.00 | -0.75 | 7.50 | 0.05 | 7.55 |
CRG-2 | 8.25 | 0.05 | -0.50 | 7.80 | 0.10 | 7.85 |
CRG-3 | 8.25 | 0.45 | 0.00 | 8.70 | 0.50 | 8.75 |
CRG-4 | 8.25 | 1.95 | 0.00 | 10.20 | 2.00 | 10.25 |
Sanctioned Limit Above Rs. 50.00 Lakh to Rs. 100.00 Lakh
Scheme | Base Rate | Spread | Concession | Effective ROI | Spread (Salaried) | Effective ROI (Salaried) |
CRG-Prime | 8.25 | 0.00 | -0.80 | 7.45 | 0.05 | 7.50 |
CRG-1 | 8.25 | 0.00 | -0.80 | 7.45 | 0.05 | 7.50 |
CRG-2 | 8.25 | 0.05 | -0.55 | 7.75 | 0.10 | 7.80 |
CRG-3 | 8.25 | 0.45 | -0.10 | 8.60 | 0.50 | 8.65 |
CRG-4 | 8.25 | 1.95 | -0.10 | 10.10 | 2.00 | 10.15 |
Sanctioned Limit Above Rs. 100.00 Lakh to Rs. 250.00 Lakh
Scheme | Base Rate | Spread | Concession | Effective ROI | Spread (Salaried) | Effective ROI (Salaried) | |
CRG-Prime | 8.25 | 0.00 | -0.85 | 7.40 | 0.05 | 7.45 | |
CRG-1 | 8.25 | 0.00 | -0.85 | 7.40 | 0.05 | 7.45 | |
CRG-2 | 8.25 | 0.05 | -0.60 | 7.70 | 0.10 | 7.75 | |
CRG-3 | 8.25 | 0.45 | -0.20 | 8.50 | 0.50 | 8.55 | |
CRG-4 | 8.25 | 1.95 | -0.20 | 10.00 | 2.00 | 10.05 | |
Sanctioned Limit Above Rs. 250.00 Lakh
Scheme | Base Rate | Spread | Concession | Effective ROI | Spread (Salaried) | Effective ROI (Salaried) |
CRG-Prime | 8.25 | 0.00 | -0.85 | 7.40 | 0.05 | 7.45 |
CRG-1 | 8.25 | 0.00 | -0.85 | 7.40 | 0.05 | 7.45 |
CRG-2 | 8.25 | 0.05 | -0.60 | 7.70 | 0.10 | 7.75 |
CRG-3 | 8.25 | 0.45 | -0.30 | 8.40 | 0.50 | 8.45 |
CRG-4 | 8.25 | 1.95 | -0.30 | 9.90 | 2.00 | 9.95 |
Notes:
- For CRG-Prime, CRG-1, CRG-2: Additional 0.05% concession for takeover/ready-to-move HL proposals and salaried employees in Central/State Govt., PSUs, MNCs, Blue Chip Companies, or Corporates with salary accounts at Canara Bank (including Canara SB Premium Payroll package).
- Commercial Real Estate: 3rd unit +0.25% above card rate; 4th and subsequent units +0.50% above card rate.
Processing Charges
- 0.50% (Min Rs. 1,500 + GST, Max Rs. 10,000 + GST).
- 100% waiver from 01.07.2025 to 30.09.2025 (Retail Loan Festival).
- Waiver for takeover of HL from other Banks/FIs for Canara SB Premium Payroll package (Gold, Diamond, Platinum) until 30.09.2025.
Repayment Tenure
- Up to 30 years or until borrower reaches 75 years of age, whichever is earlier.
Margin
- New House/Flat & Old House/Flat (Up to 10 Years Old):
- Up to Rs. 30.00 Lakh: 10%
- Above Rs. 30.00 Lakh to Rs. 75.00 Lakh: 20%
- Above Rs. 75.00 Lakh: 25%
- Old House/Flat (> 10 Years Old):
- All amounts: 25%
Insurance
- Optional life insurance cover via Canara Home Loan Secure.
- Finances one-time premium for M/s Canara HSBC Life Insurance Company Limited’s Group Secure Life Insurance Term Plan (covers life and total permanent disability).
All other terms and conditions apply.
Central Bank Home Loan Interest Rates
Dive into the world of homeownership with Central Bank’s enticing home loan schemes! With interest rates as low as 7.35% and flexible options like Cent Home and Grih Lakhsmi, your dream home is within reach. But what’s the catch? Hidden charges, strict credit scores, or complex EMI ratios? Unravel the mystery of loan-to-value ratios and discover if you qualify for up to 90% financing. Will your income meet the suspenseful EMI/NMI criteria? Explore now and decode the secrets to owning your perfect home!
Interest Rates
S.N. | Scheme Name | Rate of Interest (Range) | Present Range |
1. | Cent Home * | RBLR – 0.85% to RBLR + 0.40% | 7.65% to 8.90% |
2. | Cent Grih Lakhsmi Home * | Repo + 1.85% to Repo + 3.00% | 7.35% to 8.50% |
3. | Cent Home Loan for 3rd/4th House * | RBLR – 0.10% to RBLR + 0.80% | 8.40% to 9.30% |
4. | Cent Home Double Plus @ | RBLR + 0.20% to RBLR + 0.90% | 8.70% to 9.40% |
5. | Cent Top Up * | RBLR – 0.35% to RBLR + 0.55% | 8.15% to 9.05% |
Processing and Documentation Charges
- Processing Charges: 0.50% of loan amount + GST, max Rs. 20,000/-
- Documentation Charges: Rs. 1,350/- + GST
Minimum CIC Score
Credit Information Company | Minimum Threshold Limit |
Transunion CIBIL | 700 |
EXPERIAN | 700 |
EQUIFAX | 700 |
CRIF | 700 |
Quantum of Loan / Margin (LTV)
Loan Amount | Percentage of Cost of Home/Flat | Minimum Margin |
Up to Rs. 30 Lakh | 90% | 10% |
Above Rs. 30 Lakh & up to Rs. 75 Lakh | 80% | 20% |
Above Rs. 75 Lakh | 75% | 25% |
Repairs/Renovation/Alteration (Max. Rs. 25 Lakh) | 75% | 25% |
Purchase of Plot | 75% | 25% |
Construction on Plot | As per loan quantum above |
EMI/NMI Ratio
Net Annual Income | EMI/NMI Ratio (Maximum) |
≤ Rs. 1.20 Lakh | 20% |
> Rs. 1.20 Lakh & ≤ Rs. 3.0 Lakh | 30% |
> Rs. 3.0 Lakh & ≤ Rs. 5.0 Lakh | 55% |
> Rs. 5.0 Lakh & ≤ Rs. 8.0 Lakh | 60% |
> Rs. 8.0 Lakh & ≤ Rs. 10.0 Lakh | 65% |
> Rs. 10.0 Lakh | 66.67% |
Note:
- NMI (Net Monthly Income) = Gross Monthly Income (GMI) – Statutory deductions & taxes (excluding existing/proposed EMI).
- EMI includes all existing and proposed loan EMIs.
- Permissible loan amount based on lower value of: Maximum LTV Ratio or EMI/NMI Ratio.
Axis Bank’s Home Loan Interest Rates
Dreaming of your perfect home but wondering about the cost? Dive into Axis Bank’s Home Loan Interest Rates for July 2025! From floating rates as low as 8.35% to fixed rates at 14.00%, there’s a plan for every buyer. But what’s the catch? Hidden fees, prepayment penalties, or fluctuating rates could shift your budget. Will you secure the best deal for your dream home, or will unexpected charges surprise you? Unravel the mystery of Axis Bank’s loan variants, fees, and conditions to make an informed choice. Visit Axis Bank to uncover the full story!
Loan Type | Category | CIBIL Score/Profile | REPO + Spread | Effective Rate (p.a.) | Notes |
Floating Rate Home Loan | General | 751 and above | REPO + 2.85% to 3.60% | 8.35% to 9.10% | Varies by profile, loan variant (e.g., Super Saver, QuikPay, Shubh Aarambh) |
750 or below/No credit history | REPO + 3.10% to 3.85% | 8.60% to 9.35% | Mean Rate (Apr-Jun ’25): 8.50% (Min: 7.40%, Max: 10.35%) | ||
Fixed Rate Home Loan | All Variants | – | – | 14.00% | Stable repayment plan |
Asha Home Loan | Salaried | – | REPO + 4.65% to 6.40% | 10.15% to 11.90% | Varies by profile and loan variant |
Self-Employed | – | REPO + 5.65% to 6.40% | 11.15% to 11.90% | Varies by profile and loan variant |
Fees and Charges | Details |
Processing Fee | Up to 1% of loan amount or ₹10,000 (higher) + GST; ₹5,000 + GST upfront, balance at disbursement |
Prepayment Charges | Floating: Nil; Fixed: 2% of outstanding principal/amount prepaid |
Repayment Instrument Return | ₹339 per instance |
Credit Report Issuance | ₹50 per instance |
Duplicate Statement/NOC | ₹50-₹250 per instance |
Cheque Swap/Document Copies | ₹500 per instance |
Equitable Mortgage | State-specific charges |
Additional Costs | Home insurance (premium to insurer), cheque dishonour, default penalties, conversion fees |
For more details, visit Axis Bank Home Loan.
Union Bank of India Housing Loan Interest Rates
Union Bank of India’s tailored housing loan schemes! From the budget-friendly Union Home at 7.45% for high credit scorers to the eco-conscious Union Green Home, there’s a plan for every dreamer. Curious about special rates for women or government employees? Or how PMAY-U 2.0 could make your home affordable? With rates varying by CIC score and loan amount, suspense builds—will you snag the lowest rate? Explore the possibilities and uncover the path to your dream home today!
- Home Loan Schemes
1.1. Union Home / Repair & Renovation
- Government/PSU Employees:
- CIC Score 750+: EBLR – 0.80% = 7.45% (Irrespective of loan amount, per LTV norms)
- General (Salaried/Professional, Non-Salaried):
|
CIC Score |
LTV |
Salaried Male |
Salaried Female* |
Non-Salaried Male |
Non-Salaried Female* |
|
800+ |
Per LTV norms |
EBLR – 0.80% = 7.45% |
EBLR – 0.80% = 7.45% |
EBLR – 0.80% = 7.45% |
EBLR – 0.80% = 7.45% |
|
750–799 |
Per LTV norms |
EBLR – 0.65% = 7.60% |
EBLR – 0.65% = 7.60% |
EBLR – 0.65% = 7.60% |
EBLR – 0.65% = 7.60% |
|
700–749 (incl. -1, 1–5) |
Per LTV norms |
EBLR + 0.15% = 8.40% |
EBLR + 0.10% = 8.35% |
EBLR + 0.25% = 8.50% |
EBLR + 0.20% = 8.45% |
|
650–699 |
Per LTV norms |
EBLR + 0.45% = 8.70% |
EBLR + 0.40% = 8.65% |
EBLR + 0.50% = 8.75% |
EBLR + 0.45% = 8.70% |
|
600–649 |
Per LTV norms |
EBLR + 1.25% = 9.50% |
EBLR + 1.25% = 9.50% |
EBLR + 1.25% = 9.50% |
EBLR + 1.25% = 9.50% |
|
Below 600 |
Per LTV norms |
EBLR + 1.75% = 10.00% |
EBLR + 1.75% = 10.00% |
EBLR + 1.75% = 10.00% |
EBLR + 1.75% = 10.00% |
-
- Applicable if house is singly/jointly owned by female borrower.
1.2. Union Home – Commercial Real Estate (CRE-RH)
- 3rd House: +0.25% above applicable Union Home ROI
- 4th House onwards: +0.75% above applicable Union Home ROI
1.3. Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0)
- Same ROI as Union Home (see table above)
1.4. Economically Weaker Section (EWS), Low Income Group (LIG), Middle-Income Group (MIG) – Urban
|
CIC Score |
ROI |
|
800+ |
EBLR + 0.25% = 8.50% |
|
750–799 |
EBLR + 0.50% = 8.75% |
|
700–749 |
EBLR + 0.75% = 9.00% |
|
650–699 (incl. -1, 1–5) |
EBLR + 1.00% = 9.25% |
|
Below 650 |
EBLR + 1.25% = 9.50% |
1.5. Union Green Home
- Same ROI as Union Home (see table above)
- Additional Concession: 10 bps lower ROI upon submission of Green-house/project certificate
1.6. Fixed Rate (Max 5 Years)
|
Loan Amount |
ROI |
|
Up to ₹30 Lakh |
11.40% |
|
₹30 Lakh–₹50 Lakh |
12.40% |
|
₹50 Lakh–₹200 Lakh |
12.65% |
- Home Loan – Smart Save
- Same ROI as Union Home
- Female borrower benefit applies if house is singly/jointly owned.
- Additional Concessions
- 5 bps concession if borrower assigns credit/term/life policy in favor of the bank
- Charges
- Processing Charges: 0.50% of loan amount, max ₹15,000 + GST
- Other Charges: Valuation, Legal, Stamp Duty, CERSAI, Memorandum registration as per actual
IDFC FIRST Bank Home Loan Interest Rates
IDFC FIRST Bank Home Loans, where dreams of homeownership spark to life! With interest rates starting at an enticing 8.85% p.a. for salaried and 9.00% for self-employed, and loans up to Rs 10 crore, the possibilities are vast. But what secrets lie in the fine print? From balance transfers to top-up loans, flexible tenures up to 30 years, and hidden fees that could surprise—unravel the mystery of costs like EMI bounce charges and switch fees. Is this the key to your dream home, or a financial enigma?
Home Loan Highlights
- Interest Rate: 8.85% p.a. onwards
- Loan Amount: Up to Rs 10 crore
- Loan Tenure: Up to 30 years
- Processing Charges: Up to 3% of loan amount
- Minimum Income:
- Salaried: Rs 1 lakh p.a.
- Self-Employed: Rs 1.5 lakh p.a.
Regular Home Loan Interest Rates
For Salaried
Loan Type | Interest Rates (p.a.) |
Home Loan | 8.85% onwards |
Home Loan Balance Transfer | 8.85% onwards |
Top-up Loan | Same ROI as BT, max 100% of BT loan amount |
For Self-Employed
Loan Type | Interest Rates (p.a.) |
Home Loan | 9.00% onwards |
Home Loan Balance Transfer | 9.00% onwards |
Top-up Loan | Same ROI as BT, max 100% of BT loan amount |
Fees and Charges
- Processing Fees: Up to 3% of loan amount (Upfront PF/IMD at login, balance at loan agreement)
- Duplicate NOC Issuance: Rs 500
- Document Retrieval: Rs 500 per physical document
- EMI Pick-up/Collection: Rs 500 per pick-up
- EMI Bounce Charges: 7.5% of EMI (min Rs 400, max Rs 1000, excl. GST) effective April 1, 2025
- Cheque/Instrument Swap: NIL
- Copies of Documents/Repayment Schedule/Statement of Account:
- Soft copy: NIL
- Physical copy: Rs 500 per request
- Stamp Duty/Mortgage Charges: As applicable per state
- MCLR to EBR Switch: NIL
- Cancellation & Rebooking: 1% of loan amount + interest from disbursal to cancellation (within 30 days or 1st EMI)
- Switch Fees (Rate Repricing): Up to 2% of loan outstanding
- Switch Fees (Interest Type):
- Floating to Fixed: 0.1% of principal or Rs 10,000 (lower), excl. taxes
- Fixed to Floating: Up to 2% of principal
- Higher to Lower Fixed: Up to 1% of principal
- Switch allowed twice, fixed rate locked for 3 years post-switch
- Penal Charges (Non-payment): 2% per month of unpaid EMI or Rs 300 (higher), excl. GST, post 7-day grace period
- Incidental Charges: Actuals for recovery of dues
- Foreclosure/Prepayment/Part Payment:
- Floating Rate: NIL
- Fixed Rate: Up to 2% of principal, excl. taxes
- Hybrid Rate: NIL (floating), up to 2% (fixed)
- Reset Frequency: Every 3 months for EBR-linked loans (booked from Oct 1, 2019)
- Insurance: Specialized products funded with home loans
- Initial Money Deposit/Application Fees: Up to Rs 5000 (non-refundable, part of processing fees)
Kotak Mahindra Housing Loan Interest Rates
Kotak Mahindra’s housing loans, where competitive rates and hidden charges await. Starting at 7.99% p.a. for salaried and self-employed, the rates shift dramatically—12% p.a. for fixed-rate switches, or floating rates tied to the Repo Rate. Beyond interest, processing fees up to 2% and sneaky charges for documents or prepayments lurk. Can you navigate the fine print and uncover the true cost of your dream home? Explore the table of rates and fees to reveal the secrets before you sign.
Interest Rates
Customer Type | Interest Rate | Notes |
Salaried & Self-Employed | 7.99% p.a. onwards | |
Existing Customers (Adjustable to Fixed Rate) | 12% p.a. onwards (Fixed Rate) | Switch and Foreclosure Charges apply as per GSFC |
Existing Customers (Fixed to Adjustable Rate) | Prevailing floating rates linked to External Benchmark Lending Rate (Repo Rate) | Switch and Foreclosure Charges apply as per GSFC |
Processing Fees & Charges
- Loan Processing Fees: Up to 2% of loan amount (plus taxes and statutory dues)
- Upfront Processing Fee: ₹5,000 (plus taxes, non-refundable, adjusted in overall Processing Fee before disbursement)
- Interest Certificate/Statement of Account/Amortisation Schedule:
- Self-service (Mobile/Net/Whatsapp Banking): Free
- Physical copy via Customer Service/Branch: ₹250 (plus taxes)
- Duplicate Documents:
- No Objection Certificate: ₹100 (plus taxes)
- Property Documents: ₹500 (plus taxes)
- List of Documents: ₹500 (plus taxes)
- Other Documents (e.g., Subsidy Confirmation, Credit Opinion, Interest Paid Confirmation): ₹500 (plus taxes)
- Repayment Mode/Account Swap Charges: ₹500 (plus taxes)
- Switch Fee (Floating to Floating): 0.5% of principal outstanding and undisbursed amount, capped at ₹10,000 (plus taxes)
- Switch Fee (Floating to Fixed): ₹2,500 (plus taxes)
- Switch Fee (Fixed to Floating): 0.5% p.a. per residual tenure, max 3%
- Rescheduling of Loan Term: ₹500 (plus taxes)
- Part Payment Charges:
- Floating Rate Loan:
- Individual Customers (Personal End Use) & Micro/Small Enterprises: Free
- Others (Business End Use, Non-Individuals, Companies):
- Post 6-month lock-in, min ₹25,000, max 25% of outstanding loan every 6 months, no charges
- Fixed Rate Loan:
- Individual Customers (Personal End Use):
- Min ₹25,000, max 25% of outstanding loan every 6 months, 2% charge (Free if loan ≤ ₹50 Lakhs)
- Micro/Small Enterprises: 2% charge for min ₹25,000, max 25% every 6 months
- Others (Business End Use, Non-Individuals, Companies): 2% charge post 6-month lock-in, min ₹25,000, max 25% every 6 months
- Individual Customers (Personal End Use):
- Note: Proof of funds from own sources required for part payment.
- Floating Rate Loan:
Indian Bank Housing Loan Interest Rates
Indian Bank’s housing loans, where opportunity meets affordability! With floating rates as low as 7.40% and fixed rates starting at 9.00%, your dream home is within reach. But what’s the catch? How do processing fees, ranging from 0.20% to 1.00%, impact your budget? Will you seize the chance with IB Home Loan or explore the exclusive IB Home Enrich? Uncover the secrets of tailored loan products and hidden concessions that could transform your home-buying journey. The clock is ticking—discover the details now!
Floating Interest Rate
Product Name | Interest Rate Range |
IB Home Loan, IB Home Loan (NRI), IB Home Loan – Takeover | 7.40% – 8.80% |
IB Home Loan (CRE) | 7.90% – 9.30% |
Home Loan for EWS, LIG & MIG Individuals: Urban Areas | 8.00% – 9.40% |
Home Loan to Corporate Entity | 7.85% – 9.35% |
Plot Loan & Plot Loan (NRI) | 8.40% – 9.80% |
IB Home Improve | 8.40% – 9.80% |
IB Home Enrich | 8.40% – 8.95% |
IB Home Loan Plus | 7.90% – 9.00% |
Fixed Interest Rate
Product Name | Interest Rate Range |
IB Home Loan | 9.45% – 9.65% |
IB Home Loan (CRE) | 9.95% – 10.15% |
Home Loan to Corporate Entity | 9.00% – 10.50% |
Plot Loan | 10.45% – 10.65% |
IB Home Improve | 9.95% – 10.15% |
IB Home Enrich | 9.65% – 10.15% |
IB Home Loan Plus | 9.95% – 10.40% |
Processing Fees
GST (18% as on date) will be recovered separately as all charges are exclusive of GST.
Product Name | Processing Charges |
IB Home Loan to Residents, Home Loan to NRI, IB Home Advantage, IB Plot Loan to NRI, IBHL-CRE | 0.40% up to ₹100 lakhs (max. ₹20,000), 0.20% above ₹100 lakhs (max. ₹50,000) |
IB Home Improve, IB Home Loan Plus, IB Home Enrich, Plot Loan to Residents, Repair and Renovation | 1.00% on the loan amount |
Home Loan to Corporate Entity | 0.25% of the loan amount (Min: ₹25,000, Max: ₹5.00 lakhs) |
IB Home Loan Combo | 50% concession on applicable processing charges for Vehicle Loan, IB Clean Loan, IB Pension Loan, IB Home Improve |
Bank of India Home Loan Interest Rates
Unravel the secrets of Bank of India’s home loan offerings! Dive into a world of fixed and floating rates, tailored for every borrower. Will you score the lowest 7.35% rate with a stellar CIBIL score, or uncover hidden charges? Suspense awaits as you explore exclusive discounts and premium plans. Act fast—your dream home’s financing puzzle is ready to be solved!
Fixed Rate of Interest
- Fixed for 5 years; post-expiry, prevailing fixed or floating rate applies.
- Rates per annum at monthly rests.
- Applicable for new loans and switch-overs.
- CRE-RH Home Loans: Additional 0.50% interest.
Star Home Loan/Star Smart Home Loan/Star Diamond Home Loan
Individuals (New/Switch-over)
|
CIBIL Score |
Salaried |
Non-Salaried |
|
825+ |
10.65% |
10.65% |
|
800–824 |
10.65% |
10.65% |
|
760–799 |
10.65% |
10.65% |
|
725–759 |
10.75% |
10.75% |
|
675–724 |
10.85% |
10.85% |
|
Below 675 (Women) |
11.95% |
12.10% |
|
Below 675 (Others) |
12.00% |
12.15% |
|
-1 or 0 |
10.95% |
10.95% |
Non-Individuals & Star Pravasi Loan
- Star Pravasi (Women): 10.65%
- Others: 10.75%
Processing Charges (Excl. GST)
- Individuals: 0.35% of loan amount (Min. ₹3,500, Max. ₹30,000)
- Star Diamond Home Loan: ₹60,000 (irrespective of loan amount)
Floating Rate of Interest
- Linked to RBLR (8.35% w.e.f. 06.06.2025) + CRP – BSD.
- Rates per annum at monthly rests.
- Applicable for new loans and switch-overs.
- CRE-RH Home Loans: Additional 0.50% interest.
- Smart Home Loan (> ₹2 Cr): Additional 0.25% premium.
- Additional BSD of 0.10% (max 1.00%) for:
- Home Loan takeover
- Central/State Govt./PSU employees
- Loans covered under Credit Life
Star Home Loan/Star Smart Home Loan/Star Diamond Home Loan
|
CIBIL Score |
Rate Formula |
Current Rate |
|
840+ |
RBLR + 0.00% – 1.00% BSD |
7.35% |
|
825–839 |
RBLR + 0.00% – 0.85% BSD |
7.50% |
|
800–824 |
RBLR + 0.00% – 0.85% BSD |
7.50% |
|
760–799 |
RBLR + 0.00% – 0.70% BSD |
7.65% |
|
725–759 |
RBLR + 0.10% – 0.45% BSD |
8.00% |
|
675–724 |
RBLR + 0.20% – 0.05% BSD |
8.50% |
|
Below 675 |
RBLR + 1.75% |
10.10% |
|
-1 or 0 |
RBLR + 0.30% – 0.65% BSD |
8.00% |
Non-Individuals & Star Pravasi Loan
- Star Pravasi (incl. Women): RBLR + 0.10% – 0.70% BSD = 7.75%
Processing Charges (Excl. GST)
- Individuals: 0.35% of loan amount (Min. ₹3,500, Max. ₹30,000)
- Star Diamond Home Loan: ₹60,000 (irrespective of loan amount)
Star Top-Up Loan
- Interest: Home Loan rate + 0.50% premium
- Processing Charges: As applicable to Home Loan
Other Charges (Excl. GST)
- PPC (Individuals): 0.25% of loan amount (Min. ₹1,500, Max. ₹20,000)
- PPC (Non-Individuals): 0.50% of loan amount (Min. ₹3,000, Max. ₹40,000)
IndusInd Bank Home Loan Interest Rates
IndusInd Bank offers competitive home loan interest rates for Q1 FY26, with a Rate of Interest (ROI) ranging from a minimum of 7.90% to a maximum of 9.55%, averaging 8.63%. The Annual Percentage Rate (APR) aligns closely, ranging from 7.90% to 9.61% for a 10-year tenure. Note that the actual APR may vary depending on the specific interest rate and loan tenure.
Key Charges and Penalties:
- Penal Charge for Non-Payment: 2% + GST on total overdue (principal + interest) or Rs. 100 + GST, whichever is higher, if payment is delayed beyond 3 days from the due date.
- Bounce Fee: Rs. 750 + GST per instance for cheque/SI/ECS/ACH failures due to financial reasons.
- Foreclosure and Part Pre-payment: No charges for floating-rate loans.
- Processing Fee: Up to 1% of the loan amount (non-refundable).
- Initial Money Deposit: Up to Rs. 2,500 (non-refundable).
- Swapping Charges: Rs. 500 per instance for cheque/SI/ECS/ACH swaps.
- Document Copy Charges: Rs. 500 for property document copies.
- Repricing Charges: Up to 0.50% of principal outstanding (minimum Rs. 5,000).
- Loan Cancellation: Rs. 1,000 plus applicable franking/stamping charges.
- Non-Compliance (Plot + Construction): Interest rate revises to Repo rate/External Benchmark + 5.5% if construction is delayed or not started within 12 months of first disbursement.
Other Details:
- Interest rates are linked to an external benchmark as per RBI guidelines.
- No charges for No Due Certificate (NOC), duplicate NOC, or List of Documents (LOD).
- Stamp duties and registration charges are borne by the borrower as per applicable laws.
- Legal, repossession, and incidental charges are levied at actuals.
- GST and other taxes apply on all charges as per prevailing rates.
This structure ensures transparency in costs, with no hidden fees for key services like foreclosure or part pre-payment, making IndusInd Bank’s home loan offering attractive for borrowers in Q1 FY26.
Yes Bank Home Loan Interest Rates
Yes Bank offers home loans with interest rates ranging from 9.00% to 11.50% per annum, catering to salaried, self-employed, and NRI borrowers. The rates vary based on factors like credit score, loan amount, tenure, and property type, with loan amounts up to Rs. 10 crore and tenures up to 35 years. The Yes Khushi Home Loan scheme targets affordable housing with minimal documentation and rates starting at 9.95% p.a.
Processing Fees:
- 1.5% of the loan amount or Rs. 10,000, whichever is higher (plus GST). Rs. 7,500 is non-refundable if the loan is not disbursed.
- Login Fee: Rs. 5,000 (included in processing fee).
Key Charges:
- Pre-Disbursement:
- Equitable Mortgage/Stamp Duty: At actuals as per state laws + Rs. 125 per stamp paper/e-stamp (GST inclusive).
- Post-Disbursement:
- Repayment Mode Swap (SI to NACH or NACH to new bank): Rs. 500 per swap.
- Loan Cancellation/Re-booking: Rs. 2,000 + interest for interim period.
- Amortization Schedule/Statement/NOC (physical): Rs. 500 per request; free via email.
- Document Retrieval/Title Documents: Rs. 750 per instance.
- Conversion/Switch Charges:
- Floating to Fixed: 0.5% of outstanding loan.
- Fixed to Floating: 1% of outstanding loan.
- Higher to Lower Rate (Floating/Fixed): 0.5%/1% of outstanding loan.
- Property Swap/Part Release: 0.1% of outstanding loan (min. Rs. 10,000).
- Part Pre-payment/Foreclosure: No charges for floating-rate loans; 2% on fixed-rate loans during fixed period (nil for MSE loans up to Rs. 50 lakh).
- Cheque Bounce: Rs. 750 per instance.
- Late Payment/Non-Compliance: Contractual rate on overdue amount after 30-day grace period.
- Non-Submission of Post-Disbursement Documents: Rs. 2,000 per month until submitted.
- Legal/Incidental/Repossession: At actuals.
- GST: Applicable on all charges as per prevailing rates.
Additional Notes:
- Interest rates are linked to the RBI’s Repo Rate as an external benchmark, with resets at least every three months. Borrowers are notified of rate changes via email/letter/SMS within 30 days.
- No prepayment charges apply for floating-rate loans, per RBI guidelines. Fixed-rate loans incur a 2% foreclosure fee.
- Borrowers can switch from fixed to floating rates (or vice versa) with conversion fees of 0.5%–1% of the outstanding amount.
- A strong credit score (750+) and higher down payments can help secure lower rates.
- For detailed terms, refer to Yes Bank’s official website or contact them at 1800 1200 or [email protected].
This structure ensures flexibility and transparency, with no hidden costs, making Yes Bank a competitive choice for home loan seekers in July 2025.
Federal Bank Home Loan Interest Rates
Federal Bank offers home loans starting at 8.75% p.a. for loan amounts up to Rs. 15 crore and tenures up to 30 years. The final interest rate depends on the loan amount and the applicant’s occupation profile.
Key Highlights
- Interest Rate: 8.75% p.a. onwards
- Loan Amount: Up to Rs. 15 crore
- Loan Tenure: Up to 30 years (20 years for NRIs)
- Processing Fee: 0.50% (Rs. 10,000–Rs. 2 lakh)
Fees and Charges
- Prepayment/Pre-closure:
- Floating rate (individuals): Nil
- Non-individuals/Fixed-rate/Overdraft: 3% on balance outstanding or drawing power (DP), whichever is higher
- Hybrid loans: 3% during fixed-rate period; Nil for term loans to individuals, 3% for non-individuals/overdrafts during floating-rate period
- Penalty for Delayed Repayment: 2% per month on overdue portion + additional penal interest for SMA accounts
- Switching (Fixed to Floating or Vice Versa): 0.25% of balance outstanding or DP, whichever is higher
- CIBIL Report/CERSAI Charges: Nil
Types of Home Loans
- Federal Bank Housing Loan
- Purpose: Home construction, plot purchase with construction, renovation, repairs, extensions, debt reimbursement, furnishing, balance transfer, or supplementary loans for employees of reputed companies
- Loan Amount: Up to Rs. 15 crore
- LTV Ratio: Up to 85% of project cost
- Tenure: Up to 30 years (20 years for NRIs)
- Federal Bank Plot Purchase Loan
- Purpose: Purchase of plots for residential construction
- Loan Amount: Up to Rs. 25 lakh
- LTV Ratio: Up to 60% of land cost
- Tenure: Up to 5 years
- Federal Bank House Warming Loan
- Purpose: Top-up for house warming expenses (existing/new borrowers)
- Loan Amount: Up to 5% of existing loan limit (max Rs. 2 lakh)
- Tenure: Up to 5 years
- Interest Rate: Existing housing loan rate + 2%
Eligibility Criteria
- For Indian Residents: Specific criteria not disclosed; refer to general eligibility of top banks/HFCs
- For NRIs:
- Maximum age: 55 years at loan maturity
- Minimum monthly income: Rs. 50,000
- For PIOs:
- Valid PIO card and foreign passport
- Close relative in India as co-applicant
- Loan secured by immovable property in India in PIO’s name
Additional Notes
- Interest rates are linked to external benchmarks (e.g., RBI Repo Rate), with resets at least every three months.
- No prepayment charges for floating-rate loans to individuals, per RBI guidelines.
- Applicants can use Federal Bank’s EMI calculator to estimate EMIs based on loan amount, tenure, and interest rate.
For more details, visit Federal Bank’s official website or contact their customer service.
Bank of Maharashtra Housing Loan Interest Rates
Bank of Maharashtra offers competitive housing loan interest rates under various schemes, tailored to different borrower profiles, including salaried employees, green building projects, and commercial real estate. Rates are linked to the Repo Linked Lending Rate (RLLR) and vary based on CIBIL scores and loan specifics.
Maha Super Housing Loan
|
CIBIL Score |
Rate of Interest |
Effective Rate |
|
700 & above (Salaried: Central/State Govt., PSU, Govt.-aided Institutions, not via DSA, min. salary ₹50,000/month) |
RLLR – 0.90% |
7.40% |
|
Below 600 |
RLLR + 1.10% |
9.40% |
|
Below 600 |
RLLR + 1.60% |
9.90% |
|
Below 600 (-1 to 05 / NTC) |
RLLR – 0.50% |
7.80% |
|
Below 600 |
RLLR – 0.30% |
8.00% |
Note:
- Rates for CIBIL 700 & above apply only if not routed through Direct Selling Agents (DSAs).
- Concession of 0.05% for women borrowers with CIBIL < 725, subject to minimum floor rate of RLLR – 0.95% (7.35%).
- No concessions for CIBIL ≥ 725.
Maha Super Flexi Housing Loan
- Rate: 0.25% higher than applicable Maha Super Housing Loan ROI based on CIBIL score.
Maha Super Green Building Loan
- Rate: 0.10% concession on Maha Super Housing Loan ROI, subject to minimum floor rate of RLLR – 0.95% (7.35%).
- No additional concessions applicable.
Housing Loan under Commercial Real Estate
|
Loan Amount |
Rate of Interest |
|
Up to ₹100 Lakhs |
Maha Super Housing Loan ROI (based on CIBIL) + 100 bps |
|
Above ₹100 Lakhs |
Maha Super Housing Loan ROI (based on CIBIL) + 125 bps |
Maha Bank Top Up Loan
|
CIBIL Score |
Rate of Interest |
|
800 & above |
Maha Super Housing Loan ROI + 50 bps |
|
750–799 |
Maha Super Housing Loan ROI + 75 bps |
|
681–749 |
Maha Super Housing Loan ROI + 100 bps |
|
680 & below |
Maha Super Housing Loan ROI + 300 bps |
Source: Bank of Maharashtra Retail Interest Rates, accessed on 27/07/2025.
What Drives Home Loan Interest Rates?
The intrigue deepens: why do these rates vary, and how can you secure the lowest possible rate? Several factors influence home loan interest rates:
- Credit Score: A CIBIL score above 750 unlocks the lowest rates. For example, ICICI’s 8% rate is reserved for scores above 800.
- Loan Amount: Larger loans (above ₹15 lakh) often attract lower rates, as seen with Bank of Baroda’s 8% offer.
- Employment Profile: Salaried borrowers typically secure better rates than self-employed individuals due to perceived income stability.
- Loan Tenure: Longer tenures (up to 30 years) may have slightly higher rates but lower EMIs, as offered by Canara Bank and SBI.
- RBI Repo Rate: The recent cut to 6% has directly lowered floating-rate loan EMIs, benefiting banks like SBI and PNB.
Floating vs. Fixed Rates: The Great Debate
Here’s where the suspense builds: should you opt for a floating or fixed interest rate? Floating rates, linked to the RBI’s repo rate, benefit from rate cuts but carry the risk of future increases. For instance, SBI’s floating rates (8.10%–9.15%) are lower than fixed rates, making them attractive in the current low-repo-rate environment. Fixed rates, on the other hand, offer stability but may come at a premium. Indian Bank, for example, offers only floating-rate loans, eliminating the choice but ensuring flexibility. Which will you choose—the thrill of potential savings or the security of predictability?
How to Choose the Best Home Loan
With 21 banks offering competitive rates, how do you pick the winner? Here’s a step-by-step guide to keep you on the edge of your seat:
- Compare Rates: Use different platforms like Dailyfinancial to compare rates. Indian Bank (7.40%) and Union Bank (8.10%) lead in terms of affordability.
- Evaluate Processing Fees: Fees range from 0.25% (SBI) to 1% (Bank of India). Lower fees reduce your overall cost.
- Assess Loan Tenure: Longer tenures (e.g., Bank of Baroda’s 30 years) lower EMIs but increase total interest.
- Leverage Digital Platforms: Banks like ICICI, Axis, and HDFC offer end-to-end digital processes for faster approvals.
- Negotiate: A high credit score and stable income can help you secure better rates.
Tips to Secure the Lowest Rates
Ready to unlock the best home loan deal? Here are expert tips to keep you ahead of the game:
- Boost Your Credit Score: Pay off debts and maintain timely payments to improve your CIBIL score.
- Add a Co-Applicant: Including a female earning member can lower rates by 0.05%, as offered by many banks.
- Time Your Application: Apply after repo rate cuts, like the RBI’s recent move to 6%, to capitalize on lower rates.
- Opt for Festive Offers: Banks often roll out discounts during Diwali or other festive seasons in 2025.
- Use Online Tools: Platforms like Credit Dharma’s EMI calculator help estimate monthly payments and compare offers.
The Hidden Costs of Home Loans
The plot thickens: interest rates aren’t the only factor. Processing fees (0.15%–3%), legal charges, stamp duties, and insurance premiums can add 2–3% to your loan cost. For example, Bank of Baroda levies a 0.05% risk premium for borrowers without credit insurance. Always request a comprehensive cost breakdown to avoid surprises.
The Future of Home Loans in India
What’s next for home loan borrowers in 2025? With the RBI’s repo rate at 5.50%, experts predict stable or slightly lower rates in the near term. However, global economic shifts or inflation could change the narrative. Will giants like SBI and HDFC continue to dominate, or will smaller players like Indian Bank and Bank of Maharashtra steal the spotlight with their ultra-low rates? The story is still unfolding, and staying informed is your best bet.
Note: Interest rates are subject to change. Verify the latest rates on official bank websites before applying.
