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Home Loan Rates in India 2026

Reviewed by Jay Patel· Last reviewed: 25 Apr 2026

A home loan (housing loan) lets you purchase a residential property — flat, apartment, villa, or independent house — by borrowing from a bank or NBFC at a fixed or floating interest rate. Repayment is via equated monthly instalments (EMIs) spread over up to 30 years. Available lender information can help you compare indicative options; rates, eligibility, and final decisions remain lender-controlled, so confirm current lender documents.

Lowest listed rate

7.15% p.a.

Max amount

₹10 Cr

Max tenure

30 yrs

Processing fee

0.25% – 0.50%

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Home Loan Interest Rates — Listed Lenders (September 2026)

Compare home loan rate ranges from 15 listed banks and NBFCs in this dated snapshot. Confirm current terms with each lender.

Bank	Rate (p.a.)	Processing Fee	Max Amount	Max Tenure	Highlights
Canara	7.15% – 10%Lowest listed in snapshot	0.50% (min ₹1,500, max ₹10,000) + GST	Rs 5 Cr	30 yrs	Canara Home Loan scheme
Union	7.15% – 9.6%Lowest listed in snapshot	0.50% (max ₹15,000)	Rs 5 Cr	30 yrs	Union Home scheme
LIC	7.15% – 10.15%Lowest listed in snapshot	0.50% (max ₹10,000)	Rs 5 Cr	30 yrs	Griha Prakash scheme
BoB	7.2% – 9.25%	0.25% (min ₹1,500, max ₹7,500)	Rs 10 Cr	30 yrs	Baroda Home Loan scheme
SBI	7.25% – 8.45%	0.35% (min ₹2,000, max ₹10,000)	Rs 10 Cr	30 yrs	No prepayment charges on floating
PNB	7.25% – 9.2%	0.35% (min ₹2,500, max ₹15,000)	Rs 8 Cr	30 yrs	PNB Housing scheme
Bajaj	7.25% – 9.5%	Up to 0.50% (negotiable for premium customers)	Rs 5 Cr	30 yrs	Flexi home loan (OD feature)
Bandhan	7.4% – 12.2%	0.50% (max ₹10,000)	Rs 3 Cr	25 yrs	Affordable housing focus
Tata	7.5% – 9.5%	Up to 0.50%	Rs 5 Cr	30 yrs	Tata brand trust
ICICI	7.55% – 9.8%	0.50% + taxes	Rs 10 Cr	30 yrs	iMobile eligibility check
Kotak	7.6% – 9.4%	0.50% (max ₹10,000)	Rs 5 Cr	20 yrs	811 Dream Home Loan
HDFC	7.75% – 13.2%	0.50% or ₹3,000 (whichever is higher)	Rs 10 Cr	30 yrs	Digital application process
Axis	8.2% – 9.15%	Up to 1% or ₹10,000 (whichever is higher) + GST	Rs 5 Cr	30 yrs	Power advantage for high-value loans
Federal	8.4% – 9.45%	0.50% (max ₹7,500)	Rs 5 Cr	30 yrs	NRI home loan specialist
IDFC	8.85% – 10.25%	Up to 3% + GST	Rs 5 Cr	30 yrs	Digital-first processing

As of September 2026, listed home loan interest rates start from 7.15% per annum and go up to 13.2% per annum across 15 lenders, with loans up to ₹10 crore and tenure up to 30 years. Actual rate depends on applicant profile, loan amount, and property.

Home Loan Eligibility Criteria

Check if you qualify. These are general guidelines — actual eligibility may vary by bank.

Salaried Applicants

Age: 21 – 65 years
Min Income: Rs 25,000/month
Experience: 2 years
CIBIL Score: 700+

Self-Employed Applicants

Age: 21 – 70 years
Min Income: Rs 3 Lakhs/year ITR
Business Vintage: 3 years
CIBIL Score: 700+

How to Compare Home Loan — 5 Simple Steps

Use the comparison as a starting point; the lender handles assessment, approval, and disbursal.

Share Your Requirements

Share your Home Loan needs — amount, tenure preference, and property details. An advisor can review the information provided, while lender assessment timing and decisions vary.

Compare Available Lender Information

Review available lender information in a side-by-side comparison of indicative rate, EMI, processing fee, and total interest. Confirm current lender documents before applying.

Compare Lender Terms

Compare lender terms based on rate, tenure flexibility, fees, and service information. The lender controls the final offer and decision.

Documentation & Filing

Use the lender's current checklist to compile documents. Submit the application through the channel the lender confirms and retain copies of everything provided.

Lender Sanction & Disbursal

Sanction and disbursal timing are controlled by the lender and may vary with underwriting, property checks, and documentation. Confirm current lender timelines and disbursal conditions.

Frequently Asked Questions — Home Loan

Answers to the most common questions from borrowers across India.

What is the lowest home loan interest rate in India in 2026?

In our lender table (rates as of September 2026), published home loan starting rates begin at 7.15% p.a. Rates vary by loan amount, profile, and property location. The table helps you compare options; pricing and approval remain with the lender.

How much home loan am I eligible for?

Banks typically offer 60x to 72x your monthly income as the maximum home loan amount. For self-employed individuals, it is 4-6x annual net income shown in ITR. Factors like existing EMIs, CIBIL score, age, and employer category also influence eligibility.

Is fixed or floating rate better for a home loan?

Floating rate home loans are 0.5-1.5% cheaper and recommended in a falling rate environment. Fixed rate loans (truly fixed for 2-5 years) suit those who want predictable EMIs. Most Indian banks offer floating rates linked to the RBI repo rate (5.25% (since December 2025)) via their EBLR or RLLR benchmarks.

Can I get a home loan with a CIBIL score of 650?

While most banks prefer a CIBIL score of 700+, some NBFCs and cooperative banks may consider scores around 650 with higher interest rates and stricter terms. Available lender information may help identify options, but each lender controls its credit criteria and decision.

What are the tax benefits on a home loan?

Under Section 24(b) you can claim up to Rs 2 Lakhs per year on interest paid. Under Section 80C, up to Rs 1.5 Lakhs on principal repayment. First-time buyers get an additional Rs 1.5 Lakhs under Section 80EEA (subject to conditions). Joint loan applicants can each claim these deductions.

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Browse the listed cities for local context and rate information. Confirm current branch availability and lender requirements before applying.

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