Home Loan Rate

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Major lenders are lowering their loan rates, providing immediate relief to existing borrowers and improving the outlook for the retail credit market

Public-sector banks offer the most competitive entry rates below 8% for borrowers with strong credit, while private banks and HFCs show wider pricing spreads based on risk profile

PSU banks lead with cheaper entry rates, while HFCs stay competitive for salaried buyers.

PSU loans start at 7.35%, private lenders charge 7.65% and above

Check the latest home loan rates for October: banks and HFCs offer interest from 7.35% to 10.75%, with extra concessions for select borrowers.

Customers must compare offers of various lenders to get the best deal

Lenders trim interest rates and offer benefits during Diwali, leading to spurt in real estate activity

Private banks are typically quicker in deciding about loan applications and may offer loan bundled packages

State-owned lenders offer the lowest rate, while private banks and finance companies keep terms slightly higher

Customers should check processing fees, prepayment charges, eligibility criteria

IT professional says he and his wife want to purchase apartment in South Bengaluru without dipping into their savings and investments

Borrowers this September face a wide interest rate spread on home loans, lowest at 7.35% and highest touching 15%, depending on the bank or finance firm.

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August home loan rates remain steady, with Union Bank, Bank of India and other PSU lenders offering the lowest starting point at 7.35%.

A look at how major banks and housing finance companies are pricing their loans for new borrowers.

State-owned banks offer the lowest home loan rates, but spreads are sharp at private lenders and housing finance companies

House purchase affordability across the key Indian markets has improved in the first half of the calendar year 2025 (H1 CY25)

Customers should consider loan slabs and benefits when they are evaluating offers by lenders