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Home Loan Interest Rates – Here Is What Top 10 Indian Banks Are Offering

Team BankBazaar


If you are planning to avail a home loan from a prominent bank, it would be wise to do a comparison of interest rates they are offering. Take a look at home loan interest rates offered by top 10 Indian banks (as per market capitalisation).

Top 10 Banks With Lowest Interest On Home Loan
(For Top 10 Banks By Market Capitalisation)
EMI on Loans Up To Rs. 30 Lakh For 20 Year-Tenure
Lender’s Name Interest rate (% pa) >= EMI (In Rs)
Punjab National Bank 7.95-8.45 25000-25940
Bank Of India 8.1-9.0 25280-26992
Bank Of Baroda 8.15-9.15 25374-27282
Union Bank 8.2-8.35 25468-25751
SBI 8.2-8.55 25468-26130
IDBI 8.25-8.8 25562-26607
HDFC Bank 8.35-9.45 25751-27866
Axis Bank 8.55-9.2 26130-27379
ICICI Bank 8.55-9.4 26130-27768
Kotak Bank 8.6-9.4 26225-27768
Compiled by BankBazaar.com via respective bank’s website as on 11 Dec 19
Rates are based on the floating rates system. Interest rate may be subject to revision after a specified tenure depending on the bank’s T&Cs. The EMI range is indicative and calculated on the basis of interest rate range as provided in the table. In actual situation it may include other charges and fees as per bank’s T&Cs. Actual applicable interest rate may vary based on the credit profile of the loan applicant. Banks are listed in ascending order on the basis of interest rate i.e. bank having lowest interest (starting range) is placed at the top. Home loan interest for top 10 banks as per market capitalization taken into consideration. Banks for which data is not available on their website are excluded from the list.
*Rate as mentioned on bank’s website, subject to applicable t&C

Compiled by BankBazaar.com, a neutral online marketplace for loans and credit cards.