Synopsis: Ahead of the RBI’s monetary policy announcement, major banks like SBI, HDFC, ICICI, PNB, Bank of Baroda, Bank of India, and Axis Bank have released updated home loan interest rates. The lowest rate currently is 7.35% from Bank of India and Bank of Baroda, while SBI begins at 7.50%.
RBI Policy Countdown Begins: Banks Update Home Loan Interest Rates
With property prices rising across India, homebuyers are increasingly dependent on bank loans.
Ahead of the RBI’s upcoming monetary policy announcement, leading Indian banks have published their latest home loan interest rates.
If you are planning to apply for a home loan soon, this rate comparison will help you choose the most affordable option.
Home Loan Interest Rates by Major Banks
Here is a simple and clear breakdown of the newly updated home loan interest rates:
SBI Home Loan Interest Rates
- Starting rate: 7.50%
- Maximum rate: 10.75%
Bank of India Home Loan Rates
- Starting rate: 7.35%
- Maximum rate: 12.15%
Bank of Baroda Home Loan Rates
- Starting rate: 7.35%
This is one of the most competitive home loan rates available currently.
Punjab National Bank (PNB) Home Loan Rates
- Starting rate: 8.25%
- Maximum rate: 10.65%
HDFC Bank Home Loan Rates
- Starting rate: 7.90%
- Maximum rate: 13.20%
ICICI Bank Home Loan Rates
- Starting rate: 8.75%
- Maximum rate: 11.80%
Axis Bank Home Loan Rates
- Starting rate: 8.35%
- Maximum rate: 11.90%
📌 Key Takeaway
Currently, the lowest home loan rates are offered by Bank of India and Bank of Baroda at 7.35%. SBI follows with 7.50%. As the RBI policy decision nears, borrowers should compare rates carefully and apply based on credit score, affordability, and long-term repayment capacity.
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