Home Loan Interest Rates — July 2026
Compare current home loan interest rates from major Indian banks. Rates updated 2026-06-20. Click column headers to sort.
7 Major Banks Processing Fees Sortable Table Last Verified: 2026-06-20
Note: These rates were last verified 34 days ago. Please verify current rates directly with your bank before making decisions.
| Bank | Min Rate | Max Rate | Processing Fee | Max Tenure | Action |
|---|---|---|---|---|---|
| SBI | 7.5% | 8.7% | 0.35% | 30 years | Use Rate |
| PNB Lowest | 7.45% | 8% | 0.35% | 30 years | Use Rate |
| Bank of Baroda Lowest | 7.45% | 8% | 0.35% | 30 years | Use Rate |
| HDFC Bank | 7.9% | — | 0.5% | 30 years | Use Rate |
| ICICI Bank | 7.65% | 9% | 0.5% | 30 years | Use Rate |
| Kotak Mahindra | 7.99% | — | 0.5% | 20 years | Use Rate |
| Axis Bank | 8.75% | — | 1% | 30 years | Use Rate |
Disclaimer: Interest rates are indicative and change frequently. Actual rates depend on your credit score, income, loan amount, and LTV ratio. Always get a formal loan offer from the bank before making decisions. GharCalc is not affiliated with any of these banks.
How to Get the Best Rate
- Maintain a CIBIL score above 750 — most banks offer their lowest rates only to top-tier borrowers.
- Negotiate — public sector banks (SBI, PNB, BoB) are often more flexible on rates for existing customers.
- Compare the effective rate (including processing fees) not just the headline rate.
- Floating rate loans (linked to RLLR/EBLR) benefit when RBI cuts rates — good for long tenures.
- Some banks offer lower rates for women borrowers (0.05–0.10% concession).
Understanding Home Loan Rates in India
RLLR = RBI Repo Rate + Bank Spread
Floating Rate = RLLR/EBLR + Credit Risk Premium
Fixed Rate = Current floating rate + 0.5–1% premium
Your rate = Base rate + CRP based on CIBIL score and LTV