Home loans at 7-12% range after RBI rate hold: Check latest offers here

As RBI holds policy rates, the gap between floor and ceiling rates means a borrower's credit score and lender choice are now the primary drivers of long-term housing costs

Home loan interest rates of banks and housing finance companies (HFCs) range from 7 per cent to more than 12 per cent, making lender selection and borrower credit profile critical to final borrowing cost.

 

With policy rates steady and lending benchmarks unchanged, banks and HFCs are pricing home loans based on credit score, loan size, employment type and property risk.

 

Current home loan rate bands

 

Across categories, the broad ranges look like this:

 

Public sector banks

 

Most starting rates cluster around 7.10 per cent–7.30 per cent 

Upper slabs in several banks extend to 9.5 per cent–10 per cent+

 

 

• State Bank of India: 7.25 per cent–8.70 per cent
• Bank of Baroda: 7.20 per cent–9.25 per cent
• Punjab & ind Bank: up to 10.70 per cent
• Bank of India and Canara Bank: upper bands touching about 10 per cent

 

Private sector banks

 

Starting rates are typically higher than PSU lenders

 

Risk-based pricing pushes top slabs well into double digits at some banks

 

• ICICI Bank: 7.45 per cent onwards
• HDFC Bank: 7.90 per cent onwards
• Axis Bank: 8.00 per cent to 11.90 per cent depending on profile
• Bandhan Bank: up to 12.58 per cent
• Karnataka Bank: up to 11.68 per cent

 

Housing finance companies (HFCs)

 

Entry rates are competitive for prime borrowers

 

Specialist and affordable housing lenders quote higher floors

 

• LIC Housing Finance: 7.15 per cent onwards
• Bajaj Housing Finance: 7.15 per cent onwards
• Tata Capital and PNB Housing Finance: 7.50 per cent onwards
• SMFG India Home Finance: 10 per cent onwards   

  Name of Lender	Loan Amount (Rs)
  	Upto 30 Lakh	Above 30 Lakh & Upto 75 Lakh	Above 75 Lakh
  PUBLIC SECTOR BANKS
  State Bank of India	7.25-8.70	7.25-8.70	7.25-8.70
  Bank of Baroda	7.20-9.00	7.20-9.00	7.20-9.25
  Union Bank of India*	7.15-9.50	7.15-9.50	7.15-9.50
  Punjab National Bank	7.25-9.10	7.20-9.00	7.20-9.00
  Bank of India	7.10-10.00	7.10-10.00	7.10-10.25
  Canara Bank**	7.25-10.00	7.20-10.00	7.15-9.90
  UCO Bank***	7.15-9.25	7.15-9.25	7.15-9.25
  Bank of Maharashtra	7.10-9.90	7.10-9.90	7.10-9.90
  Punjab and Sind Bank	7.30-10.70	7.30-10.70	7.30-10.70
  Indian Overseas Bank	7.10 onwards	7.10 onwards	7.10 onwards
  Indian Bank	7.15-9.55	7.15-9.55	7.15-9.55
  Central Bank of India	7.10-9.15	7.10-9.15	7.10-9.15
  PRIVATE SECTOR BANKS
  Kotak Mahindra Bank	7.70 onwards	7.70 onwards	7.70 onwards
  ICICI Bank	7.45 onwards	7.45 onwards	7.45 onwards
  Axis Bank	8.00-11.90	8.00-11.90	8.00 - 9.10
  HSBC Bank	7.45 onwards	7.45 onwards	7.45 onwards
  South Indian Bank	7.80 onwards	7.80 onwards	7.80 onwards
  Karur Vysya Bank	8.50-10.65	8.50-10.65	8.50-10.65
  Karnataka Bank	7.30-11.68	7.30-11.68	7.30-11.68
  Federal Bank	Up to 8.75	Up to 8.75	Up to 8.75
  Tamilnad Mercantile Bank	7.90 - 9.30	7.90 - 9.30	7.90 - 9.30
  Bandhan Bank	8.41-12.58	8.41-12.58	8.41-12.58
  RBL Bank	8.20 onwards	8.20 onwards	8.20 onwards
  CSB Bank	8.05 onwards	8.05 onwards	8.05 onwards
  HDFC Bank	7.90 onwards	7.90 onwards	7.90 onwards
  City Union Bank	8.25-9.50	8.50-10.00	8.75-10.50
  HOUSING FINANCE COMPANIES (HFCs)
  LIC Housing Finance	7.15 onwards	7.15 onwards	7.15 onwards
  Bajaj Housing Finance	7.15 onwards	7.15 onwards	7.15 onwards
  Tata Capital	7.50 onwards	7.50 onwards	7.50 onwards
  PNB Housing Finance	7.50 onwards	7.50 onwards	7.50 onwards
  GIC Housing Finance	8.20 onwards	8.20 onwards	8.20 onwards
  SMFG India Home Finance	10.00 onwards	10.00 onwards	10.00 onwards
  Sammaan Capital  (Formerly Indiabulls Housing Finance)	8.75 onwards	8.75 onwards	8.75 onwards
  Aditya Birla Capital	7.75 onwards	7.75 onwards	7.75 onwards
  ICICI Home Finance	7.50 onwards	7.50 onwards	7.50 onwards
  Godrej Housing Finance	7.60 onwards	7.60 onwards	7.60 onwards
  *Extra interest rate concession of 0.05% to borrowers opting for insurance policy.  **Under CRG-Prime, CRG-1 & CRG-2, additional 5 bps concession for takeover/ready to move HL proposals & for salaried employees maintaining salary a/c with the bank.  ***Additional concession of 0.05% & 0.10% for women borrowers & takeover loans, respectively.
  Rates as of 4th Feb 2026
  Source: Paisabazaar.com

 

Concessions and add-ons

 

Several lenders offer small rate concessions:

 

5–10 basis points lower for women borrowers

 

Rate cuts for takeover loans

 

Discounts for borrowers buying insurance or maintaining salary accounts

 

Preferential pricing for top credit score bands

 

What borrowers should compare

 

The headline “starting from” rate applies only to the most creditworthy applicants. Borrowers should check the effective rate offered after credit assessment, processing fees, reset frequency and spread over the benchmark before finalising a lender.