Home loans can be expensive if you don’t compare interest rates.
Banks are now offering attractive home loan deals, including zero processing fees and lower interest rates, helping you save lakhs over the loan tenure.
For example, a Rs 50 lakh home loan with a 20-year tenure has interest rates ranging from 7.3% to 9% across top banks (as per Bankbazaar.com data as of October 17, 2025).
Actual rates may vary depending on your credit score, income, and eligibility.
Best Home Loan Rates Across Top Banks
Public Sector Banks:
Union Bank of India & Canara Bank: Lowest rates at 7.3%, EMI Rs 39,670.
Bank of Baroda & Punjab National Bank: Starting at 7.45%, EMI Rs 40,127.
State Bank of India (SBI): Starting at 7.5%, EMI Rs 40,280.
Private Banks:
HDFC Bank: Starting at 7.4%, EMI Rs 39,974.
ICICI Bank: Starting at 7.7%, EMI Rs 40,893.
Kotak Mahindra Bank: Starting at 7.99%, EMI Rs 41,791.
Axis Bank: Starting at 8.35%, EMI Rs 42,918.
Yes Bank: Starting at 9%, EMI Rs 44,986.
By comparing rates across banks, you can choose the best option, reduce your EMI, and save a significant amount over the long term.
