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Home loan: Compare top banks for lowest interest rates and EMIs

Moneycontrol PF Team | October 28, 2025 / 17:33 IST
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Home loan interest rates
Seize attractive home loan offers from banks with zero processing fees and lower interest rates. Compare the best rates while taking a loan to save lakhs and make an informed decision.
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Interest rates on home loan
Interest rates for a Rs 50 lakh home loan with a 20-year tenure vary between 7.3 to 9 percent across top banks, as per Bankbazaar.com data as of October 17. For this list, top banks by aggregate advances, based on RBI data, have been considered. However, actual rates may differ based on individual factors like credit score and income.
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Union Bank of India
Union Bank of India and Canara Bank are offering the lowest home loan interest rates among public sector banks, starting at 7.3 percent, with an EMI of Rs 39,670 for a Rs 50-lakh loan over 20 years.
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Bank of Baroda
Bank of Baroda and Punjab National Bank offer home loans starting at 7.45 percent rate, with an EMI of Rs 40,127 for a Rs 50-lakh loan spanning 20 years.
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SBI
State Bank of India offer home loan starting at 7.5 percent interest, with an EMI of Rs 40,280 for a Rs 50-lakh loan over 20 years.
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HDFC Bank
Among private banks, HDFC Bank offers home loans starting at 7.4 percent rate. The EMI for Rs 50-lakh, 20-year loan works out to Rs 39,974.
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ICICI Bank
ICICI Bank offers home loans starting at 7.7 percent rate. The EMI for Rs 50-lakh, 20-year loan works out to Rs 40,893.
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Kotak Mahindra Bank
Kotak Mahindra Bank’s home loan starts at 7.99 percent. The EMI on Rs 50-lakh, 20-year home loan works out to Rs 41,791.
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Axis Bank
Axis Bank provides home loans from 8.35 percent interest, with an EMI of Rs 42,918 for a Rs 50 lakh loan over 20 years.
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Yes Bank
Yes Bank's home loan starts at 9 percent interest, with an EMI of Rs 44,986 for a Rs 50-lakh loan over 20 years.

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