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| Lender | Min Rates (P.A.) | Max Rates (P.A.) | Processing Fee |
|---|---|---|---|
| ICICI Bank | 7.6% onwards | 16% onwards | 0.25% of loan amt. + GST |
| IDFC First Bank | 8.75% onwards | 9% onwards | Below Rs.1 Cr: 1%; Rs.1-3 Cr: 0.75%; Rs.3-5 Cr: 0.65%; Rs.5Cr Above: 0.5% of loan amt + GST |
| SBI | 7.25% onwards | 10% onwards | Rs.10,000 + GST |
| Bajaj Housing | 7.3% onwards | 9.3% onwards | 0.3% of loan amount + GST |
| Bank of Baroda | 7.2% onwards | 7.8% onwards | No Processing Fee |
| L&T housing | 8.2% onwards | 12% onwards | 10,000+GST (incld. login fee) |
| Bank of Maharastra | 7.1% onwards | 9.65% onwards | Special Offer: Zero Processing Fee |
| Punjab National Bank | 7.2% onwards | 8.8% onwards | - |
| Central bank | 7.2% onwards | 8.7% onwards | - |
| Union bank | 7.45% onwards | 10% onwards | - |
| PNB Housing | 8.5% onwards | 10.65% onwards | Special Offer: Zero Processing Fee |
| Axis Bank | 8.35% onwards | 9% onwards | 0.25% + GST (incld. Login Fee) |
| Aditya Birla Housing | 9.05% onwards | 9.55% onwards | Processing Fee: 0.5% of loan amt + GST (incld. Login Fee) |
| Kotak Bank | 8.4% onwards | 8.6% onwards | <50 lakhs: 5000+GST & >50 lakhs: 10000+GST |
| ICICI HFC | 8.1% onwards | 8.3% onwards | - |
| HDFC Bank | 7.2% onwards | 8.8% onwards | 0.25% of loan amt. + GST (incld. Login Fee) |
| indian overseas bank | 7.35% onwards | 7.75% onwards | - |
| Bank of India | 7.35% onwards | 10.35% onwards | - |
| City Union Bank Ltd. | 7.45% onwards | 9% onwards | - |
| Saraswat Co-operative Bank | 7.5% onwards | 10% onwards | - |
| Punjab & sind | 7.55% onwards | 10% onwards | - |
| UCO Bank | 7.7% onwards | 8.8% onwards | - |
| Tata Capital | 7.75% onwards | 8.85% onwards | - |
| Godrej Capital Business | 7.75% onwards | 12% onwards | - |
| IDBI Bank Ltd. | 7.8% onwards | 10.05% onwards | - |
| Nainital Bank Ltd. | 7.9% onwards | 11% onwards | - |
| RBL Bank Ltd. | 7.99% onwards | 12% onwards | - |
| indian bank | 8% onwards | 9.25% onwards | - |
| Abhyudaya Co-op Bank | 8.1% onwards | 10.5% onwards | - |
| Tamilnad Mercantile Bank Ltd. | 8.15% onwards | 9.5% onwards | - |
| South Indian Bank Ltd. | 8.15% onwards | 10.6% onwards | - |
| Karur Vysya Bank Ltd. | 8.2% onwards | 10% onwards | - |
| Jio Finance | 8.2% onwards | 11% onwards | - |
| Karnataka Bank Ltd. | 8.21% onwards | 10.9% onwards | - |
| Allahabad Bank | 8.3% onwards | 9.9% onwards | - |
| GIC Housing Finance | 8.3% onwards | 11% onwards | - |
| Induslnd Bank Ltd | 8.35% onwards | 10.55% onwards | - |
| Navi Fintech | 8.45% onwards | 8.55% onwards | - |
| Godrej Housing | 8.45% onwards | 9.1% onwards | 10,000 + GST (incld. Login Fee) |
| Sundaram Home Finance | 8.5% onwards | 10% onwards | - |
| CSB Bank Ltd. | 8.5% onwards | 11% onwards | - |
| Mahindra Home Finance | 8.5% onwards | 11% onwards | - |
| Bandhan bank | 8.5% onwards | 13% onwards | - |
| Aavas Financiers Limited | 8.5% onwards | 17% onwards | - |
| Aadhar Housing Finance Ltd | 8.5% onwards | 17% onwards | - |
| Apna Sahakari Bank Ltd. | 8.65% onwards | 9% onwards | - |
| Dhanlaxmi Bank Ltd. | 8.7% onwards | 13.2% onwards | - |
| Federal Bank Ltd. | 8.75% onwards | 9.2% onwards | - |
| Fedbank | 8.75% onwards | 10% onwards | - |
| Deutsche Bank | 8.75% onwards | 10% onwards | - |
| Federal Bank | 8.75% onwards | 10% onwards | - |
| Jammu & Kashmir Bank Ltd. | 8.8% onwards | 9.85% onwards | - |
| SMFG | 8.9% onwards | 12% onwards | - |
| Vastu Finance | 9% onwards | 10.75% onwards | 1% + GST |
| NKGSB Co-operative Bank | 9% onwards | 11% onwards | - |
| Rajkot Nagarik Sahakari Bank Ltd. | 9% onwards | 11% onwards | - |
| Madhya Pradesh Gramin Bank | 9% onwards | 12% onwards | - |
| Vridhi Finance | 9% onwards | 12% onwards | - |
| Ujjivan Small Finance Bank | 9% onwards | 12% onwards | - |
| DCB Bank Ltd. | 9% onwards | 14.5% onwards | - |
| Chola Finance | 9% onwards | 19% onwards | - |
| IIFL | 9.15% onwards | 10.5% onwards | 1.5% - 4% + GST |
| Samman Capital | 9.3% onwards | 9.85% onwards | - |
| Piramal Housing | 9.5% onwards | 11.75% onwards | - |
| Shivalik small finance bank | 9.5% onwards | 11.75% onwards | - |
| Kerala Gramin Bank | 9.5% onwards | 12% onwards | - |
| Bharat Bank | 9.5% onwards | 12% onwards | - |
| Hero Housing Finance Ltd. | 9.5% onwards | 13% onwards | - |
| Hero Fincorp | 9.5% onwards | 18% onwards | - |
| Poonawala Fincorp Limited | 9.75% onwards | 11.5% onwards | - |
| Fedfina | 9.85% onwards | 9.85% onwards | - |
| YES Bank Ltd. | 9.85% onwards | 10% onwards | - |
| Capri Global HFC | 10% onwards | 12% onwards | - |
| Truhome | 10% onwards | 13% onwards | - |
| Au Small Finance Bank Limited | 10% onwards | 13% onwards | - |
| DMI Housing Finance | 10% onwards | 15% onwards | - |
| Protium Finance | 10% onwards | 15% onwards | - |
| Suryoday Small Finance Bank Limited | 10% onwards | 16% onwards | - |
| Equitas Small Finance Bank Limited | 10.49% onwards | 15% onwards | - |
| Canara Bank | 10.5% onwards | 10.75% onwards | - |
| India Shelter Finance Corp LTD | 10.5% onwards | 20% onwards | - |
| Shubham Housing Development Finance Company | 11% onwards | 13% onwards | - |
| Easy Home Finance | 11.5% onwards | 14% onwards | Rs.10,000 + GST |
| Motilal Oswal Home Finance Limited | 11.75% onwards | 16% onwards | - |
Rates post repo cut (starting 7.10%-7.90%); EMI reduces by ₹2,000-4,000 on ₹50 lakh loan vs pre-cut.
|
Loan Amount |
Interest Rate |
Tenure (Years) |
Monthly EMI |
Total Interest Payable |
Total Repayment |
|
₹50 Lakh |
7.10% |
20 |
₹38,900 |
₹43.36 Lakh |
₹93.36 Lakh |
|
₹50 Lakh |
7.50% |
20 |
₹40,300 |
₹46.72 Lakh |
₹96.72 Lakh |
|
₹50 Lakh |
7.90% |
20 |
₹41,700 |
₹50.08 Lakh |
₹1.00 Crore |
|
₹75 Lakh |
7.10% |
25 |
₹53,200 |
₹84.60 Lakh |
₹1.59 Crore |
|
₹1 Crore |
7.50% |
30 |
₹69,900 |
₹1.52 Crore |
₹2.52 Crore |
Use online EMI calculators for precise figures; longer tenure lowers EMI but increases interest.
Tax benefits available under old regime; new regime allows only Section 24(b) for let-out properties.
|
Section |
Deduction On |
Limit (per FY) |
Conditions |
|
Section 80C |
Principal repayment + stamp duty |
Up to ₹1.5 Lakh |
Property not sold within 5 years |
|
Section 24(b) |
Interest on self-occupied |
Up to ₹2 Lakh |
No limit for let-out property |
|
Joint Loan |
Both co-owners |
Double limits |
Must be co-owners |
|
PMAY Subsidy |
Additional interest subsidy |
Up to ₹2.67 Lakh (one-time) |
For first-time buyers |
No prepayment charges on floating loans from Jan 2026.
Balance transfer allows switching your existing home loan to a new lender for lower rates, often with top-up funds. Post RBI's December 5 repo rate cut to 5.25% (total 125 bps in 2025), transfers are surging for savings.
|
Benefit |
Details |
Potential Savings Example (₹50 Lakh outstanding, 15 years left) |
|
Lower Interest Rate |
Switch from 8.50%+ to 7.10%-7.50% |
₹4-6 Lakh total interest savings |
|
Reduced EMI or Shorter Tenure |
Keep EMI same for faster repayment |
EMI drop ₹2,000-4,000/month |
|
Top-Up Loan |
Additional funds at home loan rate |
Up to ₹50 Lakh extra, no restrictions |
|
No Prepayment Charges (from 2026) |
RBI mandate on floating loans |
Full flexibility for early closure |
|
Women Concession |
0.05%-0.10% lower rate |
Extra ₹50,000-1 Lakh savings |
Best for loans in early years (higher principal). Processing fees often waived in December offers.
PMAY extended to December 31, 2025 for completions. Offers interest subsidies via CLSS for first-time buyers.
|
Income Category |
Annual Income |
Subsidy Rate |
Max Subsidy Amount |
Max Loan for Subsidy |
|
EWS |
Up to ₹3 Lakh |
6.50% |
₹2.67 Lakh |
₹6 Lakh |
|
LIG |
₹3-6 Lakh |
6.50% |
₹2.67 Lakh |
₹6 Lakh |
|
MIG-I |
₹6-12 Lakh |
4.00% |
₹2.35 Lakh |
₹9 Lakh |
|
MIG-II |
₹12-18 Lakh |
3.00% |
₹2.30 Lakh |
₹12 Lakh |
Women co-ownership mandatory for subsidy. PMAY 2.0 proposals include broader relief.
RBI's fourth 2025 cut (December 5) to 5.25% drives lowest rates in years.
|
Update/News |
Date/Impact |
Borrower Benefit |
|
Repo Rate Cut to 5.25% |
Dec 5, 2025 |
Rates down to 7.10%; EMI relief ₹3,000+ on ₹50 Lakh |
|
Bank Rate Reductions |
SBI, PNB, BoB, BoM effective Dec 6-15 |
Full pass-through for repo-linked |
|
No Prepayment/Foreclosure Fees |
From Jan 1, 2026 on floating loans |
Easier prepayment/transfer |
|
Balance Transfer Surge |
Post-cut queries up |
Savings on existing loans |
|
PMAY Extension |
Completions till Dec 31, 2025 |
Continued subsidies for affordable |
Demand rising in affordable segment; experts predict stable/low rates into 2026.
Avoid these pitfalls to improve approval chances and secure better rates post RBI's December 2025 repo cut to 5.25%.
|
Mistake |
Why It's Costly |
How to Avoid |
|
Not Checking Credit Score |
Low score (below 750) leads to higher rates or rejection |
Monitor via CIBIL; pay bills on time |
|
Applying Without Pre-Approval |
Multiple inquiries hurt score |
Get in-principle approval first |
|
Ignoring Hidden Charges |
Processing fees, legal charges add up |
Compare total cost, not just rate |
|
Choosing Wrong Tenure |
Short: High EMI; Long: More interest |
Balance EMI affordability |
|
Not Comparing Lenders |
Miss lowest rates (7.10%-8.15%) |
Use aggregators like Paisabazaar |
|
Overborrowing |
High LTV increases rate/rejection risk |
Borrow only needed amount |
|
Fixed vs Floating Confusion |
Fixed higher; Floating benefits from cuts |
Opt floating for repo-linked |
|
Skipping Property Verification |
Title issues delay disbursement |
Check encumbrance certificate |
With no prepayment charges from Jan 2026, plan flexibly.
Secure rates as low as 7.10% (Bank of Maharashtra) with these strategies.
|
Tip |
Benefit |
Applicable For |
|
Maintain CIBIL 750+ |
Best rates (0.25-0.50% lower) |
All borrowers |
|
Add Women Co-Applicant |
0.05-0.10% concession |
Most banks |
|
Opt for Longer Tenure Initially |
Lower initial EMI, prepay later |
Salaried with growth potential |
|
Choose Repo-Linked Loan |
Automatic benefit from future cuts |
Floating rate seekers |
|
Strong Income Proof |
Higher eligibility, better negotiation |
Self-employed with ITRs |
|
Balance Transfer Existing Loan |
Switch to 7.10%-7.50% from higher |
Loans >1 year old |
|
Government Employee |
Special schemes, lower rates |
PSU employees |
|
Prepay Partially |
Reduce principal, save interest |
No charges on floating from 2026 |
Bank of Maharashtra offers 7.10% with waived fees temporarily.
NRIs benefit from same low rates, with power of attorney for processing.
|
Lender |
Starting Rate (p.a.) |
Max Tenure |
Key Eligibility |
|
SBI |
7.50% |
30 years |
Income proof, POA |
|
HDFC Bank |
8.15% |
30 years |
Overseas employment proof |
|
ICICI Bank |
7.75% |
30 years |
Repatriation allowed |
|
Bank of India |
7.35% |
25 years |
Min age 21, stable income |
|
Axis Bank |
7.90% |
30 years |
Co-applicant in India preferred |
Rates slightly higher than residents; up to 80-85% financing.
Use these for accurate planning post rate cuts.
|
Tool/Type |
Features |
Best For |
|
EMI Calculator |
Input amount, rate, tenure for EMI/total interest |
Budget planning |
|
Eligibility Calculator |
Income, age, score for approval amount |
Pre-application check |
|
Balance Transfer Savings |
Compare old vs new rate savings |
Existing borrowers |
|
Tax Benefit Calculator |
Section 80C & 24(b) deductions |
Annual savings estimate |
|
Aggregators (Paisabazaar/BankBazaar) |
Real-time rates from 50+ lenders |
Side-by-side comparison |
For ₹50 Lakh at 7.10% (20 years): EMI ~₹38,900; savings vs 8% ~₹6 Lakh total interest.
Eligibility -
Different home loan types cater to specific needs like purchase, construction, or renovation.
|
Type of Home Loan |
Purpose |
Key Features |
Typical Tenure |
Max Financing |
|
Home Purchase Loan |
Buy ready or under-construction property |
Up to 90% of property value |
Up to 30 years |
80-90% |
|
Home Construction Loan |
Build on owned plot |
Tranche disbursement |
Up to 30 years |
75-85% |
|
Plot/Land Purchase Loan |
Buy residential plot |
Construction required within 2-3 years |
Up to 20 years |
70-75% |
|
Home Improvement/Renovation |
Repairs, interiors, extensions |
Lower amounts, shorter tenure |
Up to 15 years |
Up to 100% of cost |
|
Home Extension Loan |
Add rooms/floors |
Requires approvals |
Up to 20 years |
75-85% |
|
Balance Transfer Loan |
Switch existing loan for lower rate |
Top-up option available |
Existing tenure |
Up to property value |
|
Top-Up Loan |
Additional funds on existing loan |
Same rate as original |
Up to 20 years |
Based on repayment |
|
NRI Home Loan |
For Non-Resident Indians |
Power of attorney allowed |
Up to 30 years |
80-85% |
|
PMAY Subsidy Loan |
Affordable housing for EWS/LIG/MIG |
Interest subsidy 3-6.5% |
Up to 20 years |
Up to 90% |
PMAY offers subsidies up to ₹2.67 lakh for eligible first-time buyers.
Home Loan Required Doc
Different home loan types cater to specific needs like purchase, construction, or renovation.
|
Type of Home Loan |
Purpose |
Key Features |
Typical Tenure |
Max Financing |
|
Home Purchase Loan |
Buy ready or under-construction property |
Up to 90% of property value |
Up to 30 years |
80-90% |
|
Home Construction Loan |
Build on owned plot |
Tranche disbursement |
Up to 30 years |
75-85% |
|
Plot/Land Purchase Loan |
Buy residential plot |
Construction required within 2-3 years |
Up to 20 years |
70-75% |
|
Home Improvement/Renovation |
Repairs, interiors, extensions |
Lower amounts, shorter tenure |
Up to 15 years |
Up to 100% of cost |
|
Home Extension Loan |
Add rooms/floors |
Requires approvals |
Up to 20 years |
75-85% |
|
Balance Transfer Loan |
Switch existing loan for lower rate |
Top-up option available |
Existing tenure |
Up to property value |
|
Top-Up Loan |
Additional funds on existing loan |
Same rate as original |
Up to 20 years |
Based on repayment |
|
NRI Home Loan |
For Non-Resident Indians |
Power of attorney allowed |
Up to 30 years |
80-85% |
|
PMAY Subsidy Loan |
Affordable housing for EWS/LIG/MIG |
Interest subsidy 3-6.5% |
Up to 20 years |
Up to 90% |
PMAY offers subsidies up to ₹2.67 lakh for eligible first-time buyers.
Top Up Home Loan
Top-up loans provide extra funds on existing home loans at same/low rates, ideal for renovation or personal needs.
|
Lender |
Top-Up Rate (p.a.) |
Max Amount |
Key Features |
|
Bank of Maharashtra |
From 7.10% |
Based on property value |
Waived fees, quick disbursement |
|
Union Bank of India |
From 7.35% |
Up to 100% of original |
Overdraft facility available |
|
SBI |
From 7.50% |
Up to ₹1 Crore |
No extra docs for good track record |
|
HDFC Bank |
From 7.90% |
Up to ₹50 Lakh |
Digital approval |
|
Bajaj Housing Finance |
From 7.40% |
High LTV |
Flexible use, long tenure |
Rates repo-linked; top-up cheaper than personal loans (10%+).
FAQs
Frequently asked questions about home loans post RBI's December 5 repo rate cut to 5.25% (total 125 bps cut in 2025).
|
Question |
Answer |
|
What is the current repo rate? |
5.25% as of December 2025 |
|
What are the lowest home loan rates? |
Starting from 7.10% (Bank of Maharashtra) to 7.35% at several PSU banks like Bank of India, Union Bank, Central Bank, Indian Overseas Bank |
|
How much can EMI reduce after rate cuts? |
₹3,000-4,000 monthly on ₹50 lakh loan |
|
Are there prepayment charges? |
No charges on floating-rate loans from January 1, 2026 |
|
Who offers concessions for women? |
Most banks offer 0.05-0.10% lower rates |
|
Can existing borrowers benefit? |
Yes, via EMI reduction, tenure shortening, or balance transfer |
|
What is PMAY subsidy? |
Interest subsidy up to ₹2.67 lakh for EWS/LIG; scheme extended to Dec 31, 2025 for completions |
Rates depend on CIBIL score (750+ for best); check lender sites for personalised quotes.
Key strategies to secure lowest rates (down to 7.10%) after repo cuts.
|
Tip |
Expected Benefit |
Best For |
|
Improve CIBIL to 750+ |
0.25-0.50% lower rate |
All applicants |
|
Add women as co-applicant |
0.05-0.10% concession |
Families with women members |
|
Partial prepayment |
Reduce principal, save lakhs in interest |
Existing borrowers (no charges soon) |
|
Balance transfer |
Switch to 7.10-7.35% from higher |
Loans with 8%+ rates |
|
Choose repo-linked floating |
Auto benefit from future cuts |
Long-term borrowers |
|
Apply during offers |
Waived processing fees (e.g., Bank of Maharashtra) |
New applicants |
For ₹50 lakh loan at 7.10% (20 years): EMI ≈ ₹38,900; total interest savings vs 8% ≈ ₹6-8 lakh.
2025 ends with borrower relief: 125 bps repo cuts, rates at multi-year lows.
|
Trend/Update |
Details |
Advice |
|
Rate Cuts Passed On |
Banks like SBI, PNB, BoM, HDFC reduced rates |
Existing: Request EMI/tenure adjust |
|
No Prepayment Penalty |
From Jan 2026 on floating loans |
Prepay freely to save interest |
|
Surge in Applications |
Affordable housing demand up |
Act now for low rates |
|
PMAY Extension |
Completions till Dec 31, 2025 |
First-timers: Check subsidy eligibility |
|
Outlook for 2026 |
Stable/low rates if inflation controlled |
Lock floating for flexibility |
PMAY offers subsidies up to ₹2.67 lakh for eligible first-time buyers.
Perfect for those aiming to buy a plot and construct a house on it. The initial loan disbursement covers the plot purchase, with future payments aligned with the construction stages.
Specifically designed for building a new house. Loan disbursements are made in phases, matching the progress of the construction.
This loan covers the costs associated with renovating or improving an existing home. Interest rates are generally the same as those for a standard home loan.
Ideal for homeowners looking to extend or add more space to their current home. Lenders usually finance 75% to 90% of the construction costs, depending on the loan amount and LTV ratio.
A short-term loan designed for individuals planning to purchase a new home with the proceeds from selling their current property.
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Find the best rates only with Ambak. Looking for the best home loan interest rates in 2025? Here’s a complete list of current home loan rates and processing fees offered by leading banks and housing finance companies in India. This table helps you easily compare loan offers across HDFC, SBI, ICICI, Axis Bank, LIC Housing Finance, and more. Whether you're a salaried or self-employed borrower, use this updated list to make an informed decision and find the most affordable home loan option for your needs.