Buying a house? Check interest rates offered by banks and housing finance companies

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• RBI keeps repo rate unchanged at 5.25 percent in February 2026
• Home loan rates vary across banks and housing finance companies
• Top rates for borrowers with credit scores over 800

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If you are planning to buy a house, comparing home loan interest rates across lenders can make a significant difference to your overall cost. Banks and housing finance companies offer varying rates depending on the borrower’s profile and loan amount, making it important to review multiple options before finalising a lender.

Home loan rates are closely linked to the Reserve Bank of India’s (RBI) monetary policy. In its February monetary policy review, the central bank kept the repo rate unchanged at 5.25 per cent.

Here’s a list of the home loan rates currently offered by various financial institutions.

Public Sector Banks

State Bank of India's interest rate is between 7.25 per cent and 8.70 per cent.

Bank of Baroda's interest rate is between 7.20 per cent and 9.25 per cent.

Union Bank of India's interest rate is between 7.15 per cent and 9.50 per cent.

Punjab National Bank's interest rate is between 7.20 per cent and 9.10 per cent.

Bank of India's interest rate is between 7.10 per cent and 10.25 per cent.

Canara Bank's interest rate is between 7.15 per cent and 10.00 per cent.

UCO Bank's interest rate is between 7.15 per cent and 9.25 per cent.

Private Sector Banks

Kotak Mahindra Bank's interest rate starts from 7.70 per cent onwards.

ICICI Bank's interest rate starts from 7.45 per cent onwards.

Axis Bank's interest rate is between 8.00 per cent and 11.90 per cent.

HSBC Bank's interest rate starts from 7.45 per cent onwards.

South Indian Bank's interest rate starts from 7.20 per cent onwards.

Karur Vysya Bank's interest rate is between 8.50 per cent and 10.65 per cent.

Karnataka Bank's interest rate is between 7.30 per cent and 11.68 per cent.

Housing Finance Companies (HFCs)

LIC Housing Finance's interest rate starts from 7.15 per cent onwards.

Bajaj Housing Finance's interest rate starts from 7.15 per cent onwards.

Tata Capital's interest rate starts from 7.50 per cent onwards.

PNB Housing Finance's interest rate starts from 7.50 per cent onwards.

GIC Housing Finance's interest rate starts from 8.20 per cent onwards.

ICICI Home Finance's interest rate starts from 7.50 per cent onwards.

Godrej Housing Finance's interest rate starts from 7.60 per cent onwards.

Who gets the cheapest home loan interest rates?

Most lenders usually offer their lowest home loan interest rates to borrowers with very high credit scores, typically 800 or above. Interest rates may also differ depending on a borrower’s employment status, with terms varying for salaried and self-employed individuals.

RBI’s next MPC in April

The RBI's monetary policy committee is scheduled to meet from April 7 to April 9. The war in West Asia will weigh on the MPC as it reviews inflation trends, economic growth and global developments before taking a rate decision.