Product · Home Loan

Best Home Loan Rates in India 2026

Reviewed by Jay Patel· Last reviewed: 25 Apr 2026stale

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. At Money Matrix Hub we compare 40+ lenders to find you the absolute lowest rate so you save lakhs over the loan tenure.

Starting 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 — All Banks Compared (April 2026)

Compare home loan rates from 15 leading banks and NBFCs. Rates updated monthly.

Bank	Rate (p.a.)	Processing Fee	Max Amount	Max Tenure	Highlights
SBI	8.25% – 9.15%Lowest	0.35% (min Rs 2,000, max Rs 10,000)	Rs 10 Cr	30 yrs	No prepayment charges on floating
BoB	8.25% – 9.15%Lowest	0.25% (min Rs 1,500, max Rs 7,500)	Rs 10 Cr	30 yrs	Baroda Home Loan scheme
PNB	8.3% – 9.2%	0.35% (min Rs 2,500, max Rs 15,000)	Rs 8 Cr	30 yrs	PNB Housing scheme
Canara	8.3% – 9.25%	0.50% (max Rs 10,000)	Rs 5 Cr	30 yrs	Canara Home Loan scheme
Union	8.3% – 9.2%	0.50% (max Rs 15,000)	Rs 5 Cr	30 yrs	Union Home scheme
LIC	8.3% – 9.35%	0.50% (max Rs 10,000)	Rs 5 Cr	30 yrs	Griha Prakash scheme
HDFC	8.35% – 9.25%	0.50% or Rs 3,000 (whichever is higher)	Rs 10 Cr	30 yrs	Digital application process
ICICI	8.35% – 9.3%	0.50% (min Rs 3,000, max Rs 10,000)	Rs 10 Cr	30 yrs	iMobile instant eligibility
Bajaj	8.35% – 9.5%	Up to 0.50% (negotiable for premium customers)	Rs 5 Cr	30 yrs	Flexi home loan (OD feature)
Axis	8.4% – 9.35%	Up to 1.00% (max Rs 10,000)	Rs 5 Cr	30 yrs	Power advantage for high-value loans
Federal	8.4% – 9.45%	0.50% (max Rs 7,500)	Rs 5 Cr	30 yrs	Strong NRI desk
Kotak	8.45% – 9.4%	0.50% (max Rs 10,000)	Rs 5 Cr	20 yrs	811 Dream Home Loan
Tata	8.45% – 9.5%	Up to 0.50%	Rs 5 Cr	30 yrs	Tata brand trust
IDFC	8.5% – 9.5%	Up to 3% (negotiable)	Rs 5 Cr	30 yrs	Digital-first processing
Bandhan	8.5% – 9.5%	0.50% (max Rs 10,000)	Rs 3 Cr	25 yrs	Affordable housing focus

As of April 2026, home loan interest rates start from 7.15% per annum and go up to 9.5% per annum across 15 banks, with loans up to Rs 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 Get the Best Home Loan — 5 Simple Steps

Money Matrix Hub handles everything from comparison to disbursal.

Share Your Requirements

Tell us your Home Loan needs — amount, tenure preference, and property details. Our advisor will evaluate your profile within 30 minutes.

Compare 40+ Bank Offers

We fetch live rates from all banks and present you a side-by-side comparison showing rate, EMI, processing fee, and total interest payable.

Choose Your Best Offer

Pick the bank that suits you best based on rate, tenure flexibility, and service quality. We explain every term in plain language.

Documentation & Filing

Our team helps you compile the complete document set, fills out the application form, and submits it to the bank — saving you hours of branch visits.

Sanction & Disbursal

We follow up with the bank for swift processing. Expect sanction within 48 hours and disbursal within 7-10 working days. We stay with you until the last rupee is credited.

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?

As of 2026, the lowest home loan interest rate starts at 7.15% p.a. offered by select public and private sector banks. Rates vary by loan amount, profile, and property location. Money Matrix Hub compares 40+ lenders to find the best rate for your profile.

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 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 approve loans at 650 with higher interest rates and stricter terms. Money Matrix Hub can help identify lenders with flexible credit score policies.

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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