Home Loan — compare rates from banks and housing finance companies
Buying, building or renovating a home. We compare the rate, the fine print and the total cost over 20 to 30 years, where a small rate gap adds up to lakhs.
- From 7.1% p.a.
- Up to 30 years
- Up to 90% of property value
Starting rates
at 33 lenders
- Union Bank of Indiafrom 7.45% p.a.
- Punjab & Sind Bankfrom 7.4% p.a.
- State Bank of Indiafrom 7.25% p.a.
- Punjab National Bankfrom 7.2% p.a.
- Canara Bankfrom 7.2% p.a.
- Bank of Indiafrom 7.1% p.a.
- Bank of Maharashtrafrom 7.1% p.a.
- Yes Bankfrom 9.95% p.a.
- IDFC First Bankfrom 8.85% p.a.
- Federal Bankfrom 8.75% p.a.
- Axis Bankfrom 8.35% p.a.
- HDFC Bankfrom 7.2% p.a.
- Kotak Mahindra Bankfrom 8.75% p.a.
- LIC Housing Financefrom 7.5% p.a.
- HSBCfrom 9% p.a.
- IDBI Bankfrom 7.55% p.a.
- Karnataka Bankfrom 8.6% p.a.
- Clix Capitalfrom 15% p.a.
- Aadhar Housing Financefrom 11.75% p.a.
- Muthoot Financefrom 11% p.a.
- Edelweiss Financial Servicesfrom 9% p.a.
- Cholamandalam Financefrom 10.5% p.a.
- SMFG India Creditfrom 9.99% p.a.
- Ujjivan Small Finance Bankfrom 9.5% p.a.
- Hero Housing Financefrom 9.5% p.a.
- Poonawalla Fincorpfrom 9.5% p.a.
- Indiabullsfrom 8.75% p.a.
- IIFL Financefrom 8.75% p.a.
- Tata Capital Housing Financefrom 7.75% p.a.
- Home First Finance Companyfrom 8% p.a.
- PNB Housing Financefrom 7.9% p.a.
- Godrej Housing Financefrom 7.75% p.a.
- Aditya Birla Capitalfrom 7.75% p.a.
What is a home loan?
A home loan is a secured loan to buy, build or improve a house, with that property pledged to the lender until you repay. Because the home backs the loan, rates are among the lowest of any loan and tenures run up to 30 years.
Most home loans today have a floating rate linked to an external benchmark, usually the RBI repo rate (now 5.25%). When the repo rate moves, your EMI or tenure moves with it.
At a glance
- Loan amount
- ₹5 lakh to ₹10 crore+
- Interest rate
- 7.1%–25% p.a.
- Tenure
- Up to 30 years
- Processing fee
- Up to 1% + GST, often waived
- Collateral
- The property itself
- Sanction
- Typically 3–10 working days
Compare home loan interest rates
Published rates from banks and housing finance companies. Your rate depends on your credit score, income and the property, which is what we match on.
- Lowest starting rate
- 7.1%p.a.
- Lenders listed
- 33
- Largest amount
- ₹60 crore
- Union Bank of IndiaPublic-sector bankStarting from7.45% p.a.
- Rate range
- 7.45%–10% p.a.
- Max amount
- ₹2 crore
- Max tenure
- 30 years
- Rate type
- fixed
- Processing fee
- Up to 1% of
- Punjab & Sind BankPublic-sector bankStarting from7.4% p.a.
- Rate range
- 7.4%–10.7% p.a.
- Max amount
- ₹5 crore
- Max tenure
- 30 years
- Rate type
- fixed
- Processing fee
- 0.15% to 0.25% of the loan amount + GST, with limits based on loan size.
- State Bank of IndiaPublic-sector bankStarting from7.25% p.a.
- Rate range
- 7.25%–8.95% p.a.
- Max amount
- ₹40 crore
- Max tenure
- 30 years
- Rate type
- fixed
- Processing fee
- ₹18,214 (Paisabazaar)
- Punjab National BankPublic-sector bankStarting from7.2% p.a.
- Rate range
- 7.2%–9.1% p.a.
- Max amount
- ₹50 lakh
- Max tenure
- 30 years
- Rate type
- fixed
- Processing fee
- ₹20,000 (Paisabazaar)
- Canara BankPublic-sector bankStarting from7.2% p.a.
- Rate range
- 7.2%–10.25% p.a.
- Max amount
- ₹50 lakh
- Max tenure
- 30 years
- Rate type
- fixed
- Processing fee
- ₹20,000 (Paisabazaar)
- Bank of IndiaPublic-sector bankLowest rateStarting from7.1% p.a.
- Rate range
- 7.1%–12.65% p.a.
- Max amount
- ₹7.5 crore
- Max tenure
- 30 years
- Rate type
- fixed
- Processing fee
- Up to 1%
- Bank of MaharashtraPublic-sector bankLowest rateStarting from7.1% p.a.
- Rate range
- 7.1%–9.65% p.a.
- Max amount
- ₹2 crore
- Max tenure
- 30 years
- Rate type
- fixed
- Processing fee
- Up to 1%
- Yes BankPrivate bankStarting from9.95% p.a.
- Rate range
- 9.95%–13.75% p.a.
- Max amount
- ₹1 lakh
- Max tenure
- 35 years
- Rate type
- fixed
- Processing fee
- 2% of the loan amount or ₹10,000, whichever is higher (plus GST)
- IDFC First BankPrivate bankStarting from8.85% p.a.
- Rate range
- 8.85%–18% p.a.
- Max amount
- ₹10 crore
- Max tenure
- 30 years
- Rate type
- fixed
- Processing fee
- Up to 3% (Paisabazaar)
- Federal BankPrivate bankStarting from8.75% p.a.
- Rate range
- 8.75%–8.75% p.a.
- Max amount
- ₹15 crore
- Max tenure
- 30 years
- Rate type
- fixed
- Processing fee
- ₹0 (Paisabazaar)
Last verified 19 Sep 2026. These are the lenders' published rates and fees, and they can change without notice. Your rate depends on your credit score, income and employer, and the lender makes the final decision.
Home loan EMI calculator
Your EMI depends on the amount, the rate and the tenure. Change any of them to see the monthly payment and the total interest.
Your loan
Your monthly EMI
₹50 lakh · 20 years · 7.1% p.a.
- Principal₹50,00,000
- Interest₹43,75,754
- Total amount payable
- ₹93,75,754
We'll carry ₹50 lakh over 20 years into the form.
Example: For a loan of ₹50,00,000 at 7.1% p.a. for 20 years, the EMI is ₹39,066 and the total amount payable is ₹93,75,754 (interest ₹43,75,754), excluding processing fee and taxes.
How your balance comes down
Early payments are mostly interest. The principal falls faster in the later years.
- Outstanding principal
- Interest paid so far
Year-wise repayment schedule
| Year | Principal paid | Interest paid | Closing balance |
|---|---|---|---|
| 1 | ₹1,17,565 | ₹3,51,223 | ₹48,82,435 |
| 2 | ₹1,26,188 | ₹3,42,599 | ₹47,56,247 |
| 3 | ₹1,35,446 | ₹3,33,342 | ₹46,20,801 |
| 4 | ₹1,45,381 | ₹3,23,407 | ₹44,75,420 |
| 5 | ₹1,56,046 | ₹3,12,742 | ₹43,19,374 |
| 6 | ₹1,67,493 | ₹3,01,294 | ₹41,51,881 |
| 7 | ₹1,79,780 | ₹2,89,008 | ₹39,72,101 |
| 8 | ₹1,92,967 | ₹2,75,820 | ₹37,79,134 |
| 9 | ₹2,07,123 | ₹2,61,665 | ₹35,72,011 |
| 10 | ₹2,22,317 | ₹2,46,470 | ₹33,49,694 |
| 11 | ₹2,38,626 | ₹2,30,163 | ₹31,11,068 |
| 12 | ₹2,56,130 | ₹2,12,657 | ₹28,54,938 |
| 13 | ₹2,74,919 | ₹1,93,869 | ₹25,80,019 |
| 14 | ₹2,95,087 | ₹1,73,701 | ₹22,84,932 |
| 15 | ₹3,16,732 | ₹1,52,055 | ₹19,68,200 |
| 16 | ₹3,39,967 | ₹1,28,820 | ₹16,28,233 |
| 17 | ₹3,64,907 | ₹1,03,882 | ₹12,63,326 |
| 18 | ₹3,91,674 | ₹77,113 | ₹8,71,652 |
| 19 | ₹4,20,406 | ₹48,382 | ₹4,51,246 |
| 20 | ₹4,51,246 | ₹17,542 | ₹0 |
Monthly EMI ₹39,066. Total interest ₹43,75,754. Total payable ₹93,75,754.
Home loan eligibility
Each lender sets its own rules. These are the usual minimums, so check them before you apply.
Salaried applicants
- Age 21 or over, with the loan repaid by 60–65
- Stable salary; lenders keep total EMIs within about half your net income
- At least 2 years of work experience, 1 year with the current employer (typical)
- Credit score of 700+; 750+ gets the best rates
Documents for a home loan
Keep these ready before you apply. Complete documents are the quickest way to a decision.
Tick off what you already have.
What can a home loan pay for?
- Buying a ready-to-move home
- An under-construction flat
- A plot, and building on it
- Building on land you own
- Renovation or an extension
- Moving your loan to a lower rate
- A top-up on your existing loan
- A home in India, as an NRI
How to apply for a home loan
You fill in one short form. An advisor does the comparing and stays with you until the money is in your account.
- 1
Tell us once
Share what you need and a few details about your income. Takes about two minutes.
- 2
We compare
We check your profile against the eligibility rules of our partner banks and NBFCs and shortlist the ones likely to say yes, at the best rate.
- 3
You choose
We walk you through the shortlisted offers: rate, fees, EMI, and the fine print. No pressure to pick any of them.
- 4
We stay till disbursal
Your advisor collects documents, coordinates with the bank and keeps you updated until the loan is disbursed.
What decides your home loan rate
750+credit score usually gets the lowest band
- Credit score
- The biggest factor. Most lenders price in bands, and 750+ usually gets the lowest one.
- Loan-to-value
- A bigger down payment means a smaller share of the home is borrowed, which some lenders price lower.
- Income and employer
- Salaried applicants at large employers often get a lower spread than self-employed ones.
- The property
- Homes in projects the lender has already approved are quicker to process and sometimes cheaper.
- The benchmark
- Floating rates are the repo rate plus the lender's spread. The spread is what you negotiate.
How to get a lower rate
- 1Check your credit report and clear any errors three months before you apply.
- 2Add a co-applicant with income; many lenders knock off a little for a woman co-owner.
- 3Put down more than the minimum if you can. It lowers both the rate and the EMI.
- 4Compare the spread over repo, not just the headline rate. It stays with you for 20 years.
- 5Ask your current bank to match a competing offer before you move.
How much can I borrow against my home?
Up to 75–90% of the property's value, depending on the loan size. The rest is your down payment. Move the slider to see yours.
- Loans up to ₹30 lakhup to 90% of value
- ₹30 lakh to ₹75 lakhup to 80% of value
- Above ₹75 lakhup to 75% of value
RBI's loan-to-value limits. Lenders can lend less, and most exclude stamp duty and registration from the value.
- Largest loan
- Your down payment
On a ₹75 lakh home you can borrow up to ₹60 lakh and pay ₹15 lakh yourself.
Plus stamp duty and registration, which lenders don't fund.
Check offers for ₹60 lakhWhat tax can I save on a home loan?
Under the old tax regime, up to ₹1.5 lakh on principal and ₹2 lakh on interest each year for a home you live in. The new regime gives no deduction for it.
Most you can deduct in a year
Two deductions, claimed every year the loan runs.
Principal, Section 80C
Up to ₹1.5 lakh
Within the overall ₹1.5 lakh 80C limit, with PF, insurance and ELSS.
Interest, Section 24(b)
Up to ₹2 lakh
For a self-occupied home, once construction is complete.
Joint home loan
Each co-borrower who co-owns the home can claim both limits.
Tax rules as we understand them for the current year. Check with your CA before you rely on them.
Fixed or floating rate: which is better?
Most borrowers choose floating. It starts lower, follows the repo rate down as well as up, and has no charge for paying it off early.
How it moves
- Floating rate
- Resets with the repo rate (now 5.25%)
- Fixed rate
- Stays the same, usually for the first few years
Starting rate
- Floating rate
- Lower
- Fixed rate
- Usually 1–2 points higher
Prepayment charges
- Floating rate
- None for individuals (RBI rule)
- Fixed rate
- Often 2–3% of the amount prepaid
Suits you if
- Floating rate
- You'll keep the loan for many years
- Fixed rate
- You want a fixed EMI for budgeting
Types of home loans
- Home purchase loan
- Under-construction home loan
- Plot + construction loan
- Home construction loan
- Home improvement / extension loan
- Top-up home loan
- Home loan balance transfer
- NRI home loan
- Lower rates for women borrowers (some lenders)
We are here to answer
all your questions
Tenure goes up to 30 years, but the loan must usually end by 60–65 for salaried and 70 for self-employed borrowers.
At least 10–25% of the property value, depending on the loan size, plus stamp duty and registration, which most lenders won't fund.
Usually no. Lenders fund the property's value; you pay stamp duty and registration yourself.
Two incomes raise the amount you qualify for, and each co-owner who repays can claim the tax deductions separately.
Until the builder finishes, you pay only interest on what has been paid out so far. Full EMIs start at possession, or earlier if you choose.
On a repo-linked loan the lender resets your rate within about three months. Most banks change the tenure first and the EMI only if you ask.
Yes. On a floating-rate loan taken as an individual there's no prepayment charge, and every lump sum cuts your interest.
PMAY-Urban 2.0 offers an interest subsidy to eligible first-time buyers in lower income groups. Ask us to check whether you qualify.
The lender has already checked the builder's title and approvals, so your loan is sanctioned faster, often with less paperwork.
Yes, for a home in India, with overseas income proof and often a resident co-applicant. The EMI is paid from an NRE or NRO account.
Ready to see which home loan offers you qualify for?
Takes two minutes. No impact on your credit score.