Home loan interest rates, all banks
LIC Housing Finance and Canara Bank share the lowest starting home loan rate on public cards at 7.15%. 10 lenders compared on rate band, EMI on ₹ 50 Lakhs and processing fee, checked 10 Oct 2026 to 11 Oct 2026.
What you'll learn:
- Every lender's home loan rate, lowest first
- EMI and fee on ₹ 50 Lakhs
- Public vs private lenders
Home loan interest rates by lender
Lowest starting rate first. EMI is on ₹ 50 Lakhs over 20 years at each lender's typical rate; fees are before GST. Open a lender for its calculator, or work out your own numbers on the home loan EMI calculator.
| Lender | Rate band | Typical | EMI at typical | Processing fee | Oct repo hike in card | Checked |
|---|---|---|---|---|---|---|
| LIC Housing Finance | 7.15% to 10.15% | 7.6% | ₹ 40,586 | ₹ 5,000 | Not stated | 10 Oct 2026 |
| Canara Bank | 7.15% to 10% | 7.7% | ₹ 40,893 | Waived to 31 Dec 2026 | Not yet | 11 Oct 2026 |
| SBI | 7.25% to 8.55% | 7.75% | ₹ 41,047 | ₹ 15,000 | Not yet | 11 Oct 2026 |
| Bajaj Finserv | 7.25% to 10.25% | 8% | ₹ 41,822 | Up to ₹ 2,00,000 | Not yet | 11 Oct 2026 |
| PNB | 7.45% to 8.05% | 7.75% | ₹ 41,047 | Waived to 31 Dec 2026 | Yes | 10 Oct 2026 |
| Bank of Baroda | 7.45% to 9.2% | 8% | ₹ 41,822 | ₹ 15,000 | Yes | 10 Oct 2026 |
| ICICI | 7.55% to 10.05% | 9% | ₹ 44,986 | Up to ₹ 1,00,000 | Yes | 10 Oct 2026 |
| Kotak | 7.6% onwards | 8.25% | ₹ 42,603 | ₹ 25,000 | Not yet | 11 Oct 2026 |
| Axis | 8% to 9.1% | 8.5% | ₹ 43,391 | ₹ 50,000 | Not yet | 10 Oct 2026 |
| HDFC | 8% to 13.45% | 8.5% | ₹ 43,391 | Up to ₹ 25,000 | Yes | 10 Oct 2026 |
Lowest rate depends on your profile
- Top credit score: LIC Housing Finance and Canara Bank start lowest at 7.15%, then SBI at 7.25%.
- Average score or irregular income: the top of the band matters more. PNB has the lowest published top at 8.05%.
- Typical borrower: LIC Housing Finance at 7.6%. The gap to the dearest typical rate here is about ₹ 2,805 a month on ₹ 50 Lakhs.
- Lowest upfront cost: Canara Bank and PNB are waiving the processing fee until 31 Dec 2026.
Public-sector vs private lenders
| Lender type | Lowest starting rate | Average typical rate | EMI at that average |
|---|---|---|---|
| Housing finance companies (LIC Housing Finance) | 7.15% | 7.6% | ₹ 40,586 |
| Public-sector banks (Canara Bank, SBI, PNB, Bank of Baroda) | 7.15% | 7.8% | ₹ 41,202 |
| NBFCs (Bajaj Finserv) | 7.25% | 8% | ₹ 41,822 |
| Private banks (ICICI, Kotak, Axis, HDFC) | 7.55% | 8.56% | ₹ 43,589 |
After the October 2026 repo hike
RBI raised the repo rate from 5.25% to 5.50% on 7 October 2026. PNB, Bank of Baroda, ICICI, and HDFC had already moved their cards up by the same 0.25%. Canara Bank, SBI, Bajaj Finserv, Kotak, and Axis had not when we checked, so their rates above should rise by about 0.25% at the next reset. Ranked on that basis, the order can change: a lender that looks 0.25% cheaper today may only be catching up.
Two lenders side by side
- SBI vs HDFC home loan: typical 7.75% against 8.5%
- HDFC vs ICICI home loan: typical 8.5% against 9%
- SBI vs LIC Housing Finance home loan: typical 7.75% against 7.6%
- SBI vs ICICI home loan: typical 7.75% against 9%
- SBI vs Bank of Baroda home loan: typical 7.75% against 8%
- SBI vs PNB home loan: typical 7.75% against 7.75%
- HDFC vs LIC Housing Finance home loan: typical 8.5% against 7.6%
- SBI vs Axis home loan: typical 7.75% against 8.5%
- HDFC vs Axis home loan: typical 8.5% against 8.5%
- SBI vs Canara Bank home loan: typical 7.75% against 7.7%
- ICICI vs Axis home loan: typical 9% against 8.5%
How to use this table
These are the lenders' public rate cards, not quotes. Get written offers from two or three, then line them up with their fees on the compare loan offers calculator. The rate on your sanction letter and its Key Facts Statement are what count.
Sources
Rate bands come from each lender's page, linked from its calculator; fees from the pages below. This site does not update rates in real time.
- LIC Housing Finance home loan fees and chargesProcessing fee and terms.
- Canara Bank home loan fees and chargesProcessing fee and terms.
- SBI home loan fees and chargesProcessing fee and terms.
- Bajaj Finserv home loan fees and chargesProcessing fee and terms.
- PNB home loan fees and chargesProcessing fee and terms.
- Bank of Baroda home loan fees and chargesProcessing fee and terms.
- ICICI home loan fees and chargesProcessing fee and terms.
- Kotak home loan fees and chargesProcessing fee and terms.
- Axis home loan fees and chargesProcessing fee and terms.
- HDFC home loan fees and chargesProcessing fee and terms.
- RBI notifications indexKey Facts Statement and retail-lending disclosure rules for rate, fees, and EMI.
- RBI (Pre-payment Charges on Loans) Directions, 2025When regulated lenders may not levy pre-payment charges on floating-rate individual loans for non-business purposes.
Last updated on 11 Oct 2026.