It is important to know home loan interest rate history if you want to apply for a home loan or refinancing their current mortgage. By examining past patterns, you can gain insights into how interest rates may fluctuate in the future and make informed decisions about when to lock in a rate. Home loan interest rates have varied greatly over the years, influenced by factors such as inflation, economic conditions, and government policies.
Take a home loan at affordable interest rates via NoBroker here. Calculate home loan EMI and tenure on NoBroker hereHome loan interest rate last 10 years
The fact that home loan interest rates last 10 years India, that the interest rates on home loans were between 11 and 14 per cent up until 1994 may surprise you. The typical age of the Home Loan borrower was around 42 years with the typical measure of credit being ₹39,000.
In 1991, when the economy opened, banks began entering the Home Loan market. In 1999, ICICI Ltd entered the home loan market, which it later merged with ICICI Bank. The year 2000 saw the presentation of the drifting rate idea by ICICI Bank. Around 2003-2004, when floating rates for home loans were between 7% and 7.25 percent, the rates began to fall. Between 7.5% and 8% were the fixed rates of interest.
Historical home loan interest rates in India
With RBI expanding its repo rate to 6.50%, moneylenders have expanded their home credit loan costs as well. Therefore, if you intend to apply for a home loan, compare the interest rates offered by various lenders by examining the most recent home loan interest rates in 2023. As for the home loan interest rate chart last 10 years, it is quite difficult to find it online. You can visit the bank you wish to get a loan from and ask for their rate of interest for the past 10 years. You could use this information to make a better decision.
The table below compares the interest rates and processing fees for various home loans offered by various lenders in India till March 2023.
| List of Banks/NBFCs | Home Loan Interest Rates | Processing Fees |
Allahabad Bank |
8.75% - 9.90% |
Up to 0.40% of the loan amount to a max INR 50,000 |
Axis Bank |
8.75% - 9.15% |
Up to 1% of the Loan amount subject to minimum of INR 10,000 Upfront processing fee of INR 2,500 + GST |
Bandhan Bank |
8.65% - 13.00% |
1% of Loan Amount , Min INR 5,000 + GST |
Bank of Baroda |
8.50% - 10.60% |
Up to 0.50% of the loan amount or a maximum of INR 7,500 + GST |
Bank of India |
8.85% onwards |
0.25% of the loan amount + GST |
Fullerton India |
9.50% - 10.50% |
3% of the loan amount + GST |
HDFC Limited |
8.50% - 9.60% |
Up to 0.50% of the loan amount or INR 3,000 whichever is higher, plus applicable taxes. |
ICICI Bank |
9.00% - 10.05% |
Up to 1.00% of the loan amount + GST |
Kotak Mahindra Bank |
8.85% - 9.40% |
Zero processing fee for online application (Upto 1.25% of Loan amount for offline application) |
LIC Housing Finance (LIC HFL) |
8.65% - 10.25% |
|
Punjab National Bank (PNB) |
8.80% - 9.45% |
0.35% of the loan amount, subject to a minimum and maximum of INR 2,500 and INR 15,000 respectively |
RBL Bank |
9.10% - 11.55% |
INR 5,000 - INR 15,000 of the loan amount + GST |
State Bank of India (SBI) |
8.85% - 9.75% |
0.35 % of loan amount and maximum INR 10,000 +GST |
YES BANK |
9.15% - 11.25% |
0.5% of the loan amount or a maximum of INR 10,000 + GST |
I hope I was able to help you understand home loan interest rate history.
Read More: Which Bank Has Lowest Interest Rate for Home Loan? What is Part Period Interest in SBI Home Loan? How to Get Home Loan Interest Claim Before Possession?Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Over the last ten years, home loan interest rates in India have fluctuated primarily between 6.7% and 11.0% p.a. It is shaped by RBI policy shifts, macro-economic trends, and bank-specific benchmarks such as SBAR and later MCLR/External Benchmark-Linked Lending Rates. I have shared the SBI home loan interest rates last 10 years India below for your reference.
SBI Home Loan Interest Rates in Last 10 Years India
SBI's own rates have followed that cycle: from pre‑2016 SBAR rates in the 9.7 to 9.85% range, dipping to 9.3 to 9.7% by 2016, then falling sharply to 6.7 to 8.0% during 2021 to 2022 as RBI aggressively cut repo rates amid economic slowdown.
Between 2015 and 2025, SBI home loan trends were as follows:
2015: 9.70 to 9.85%
2016 to 2017: 9.30 to 9.70% rising slightly in 2018 to 2019
2020: 7.40 to 8.15%
2021: 6.70 to 7.55%
2022: 7.55 to 8.00%
2023: 8.10 to 8.55%
2024: 8.65 to 8.95%
2025: 8.50 to 9.65%
Currently, SBI’s headline home loan rates in mid‑2025 for women are 8.25 to 8.70%. Some of the key factors influencing home loan interest rates in India are RBI repo rate decision, bank-specific cost of funds, borrower profile, and their credit score, and loan type.
For the average home loan interest rate in India last 10 years, you can check the answer shared by others here.
Get Home Loan at Lowest Interest Rate and with Minimal Documentation via NoBroker Home Loan Service.
Your Feedback Matters! How was this Answer?
Over the last ten years, home loan interest rates in India have fluctuated primarily between 6.7% and 11.0% p.a. It is shaped by RBI policy shifts, macro-economic trends, and bank-specific benchmarks such as SBAR and later MCLR/External Benchmark-Linked Lending Rates. I have shared the SBI home loan interest rates last 10 years India below for your reference.
SBI Home Loan Interest Rates in Last 10 Years India
SBI's own rates have followed that cycle: from pre‑2016 SBAR rates in the 9.7 to 9.85% range, dipping to 9.3 to 9.7% by 2016, then falling sharply to 6.7 to 8.0% during 2021 to 2022 as RBI aggressively cut repo rates amid economic slowdown.
Between 2015 and 2025, SBI home loan trends were as follows:
2015: 9.70 to 9.85%
2016 to 2017: 9.30 to 9.70% rising slightly in 2018 to 2019
2020: 7.40 to 8.15%
2021: 6.70 to 7.55%
2022: 7.55 to 8.00%
2023: 8.10 to 8.55%
2024: 8.65 to 8.95%
2025: 8.50 to 9.65%
Currently, SBI’s headline home loan rates in mid‑2025 for women are 8.25 to 8.70%. Some of the key factors influencing home loan interest rates in India are RBI repo rate decision, bank-specific cost of funds, borrower profile, and their credit score, and loan type.
For the average home loan interest rate in India last 10 years, you can check the answer shared by others here.
Get Home Loan at Lowest Interest Rate and with Minimal Documentation via NoBroker Home Loan Service.
Your Feedback Matters! How was this Answer?
Hi Trimith, if you want to know the last 10 years home loan interest rates in India for State Bank of India, you can check their website, and get a PDF with everything mentioned in detail. However, as a loan officer, let me tell you it is important to evaluate past home loan interest rates and understand a few factors before availing a home loan in India. I can share some valuable tips to help you secure a home loan at a favourable interest rate.
Home Loan Interest Rates in Last 10 Years India
It’s not possible to gather the exact data of the last ten years of home loan in India. While SBI has given the record online, other major banks like HDFC and Axis Bank have no official records where you can see the interest rates online. What you can do here is visit the bank and ask the manager to help you with the home loan interest rates last 10 years India.
I am assuming you are planning to take out a loan and looking for guidance on how the past fluctuations could impact your costs. Here are some insightful tips you can consider.
Compare Rates from Multiple Banks: If you want to get the lowest rate of interest, it’s best to take your time and compare various banks based on their loan packages, tenure, fees, and terms.
Improve your Credit Score: To get a favourable interest rate, it’s really important to have a good credit score. This is a non-negotiable factor that most of the lenders consider. Having a decent score will also let you negotiate better.
Floating Interest Rates: Always opt for floating interest rates, rather than a fixed one, as they are generally lower than fixed interest rates, making them more cost-effective.
These are some really important things to consider when you’re planning your home loan finances. Coming to the home loan interest rates in last 10 years India, my only suggestion would be this: If you have a particular bank in mind for which you want to know the past trend for, you should visit the branch and speak to them in person for better clarity.
Get Home Loans with Favourable Interest Rates and Door Step Assistance Via NoBroker!
Read more
How to Reduce Home Loan Interest Rate?
Your Feedback Matters! How was this Answer?
It is really hard to find the last 10 years home loan interest rates in India. However being a former SBI employee, I can share with you the list. In fact you can also get it from their official website. Let me guide you.
What is the Home Loan Interest Rate in India last 10 Years?
The home loan interest rates in last 10 years India, in SBI specifically are:
Year |
Starting Interest Rate (approximate) |
2014 |
10.00% |
2015 |
9.85% |
2016 |
9.20% |
2017 |
8.00% |
2018 |
8.15% |
2019 |
8.55% |
2020 |
6.65% |
2021 |
6.65% |
2022 |
8.50% |
2023 |
8.50% |
2024 |
8.70% – 9.65% |
You can also tally the home loan interest rates last 10 years India, in SBI by visiting their official website:
https://sbi.co.in/web/interest-rates/interest-rates/old-interest-rates-last-10-years
Just click on the home loan option and you can tally the interest rates in their Excel sheet. If you want you can also visit the bank and ask an official about the different interest rates.
Enjoy Maximum Funding for Your Home Loan through NoBrokerRead More:
Will home loan interest rates increase?
Your Feedback Matters! How was this Answer?
| Name of Lender | Up to 30 Lakh | Above 30 Lakh & Up to 75 Lakh | Above 75 Lakh |
| Bank of Baroda | 6.90% – 8.40% | 6.90% – 8.40% | 6.90% – 8.65% |
| Punjab National Bank | 6.95% – 8.35% | 6.90% – 8.05% | 6.90% – 8.00% |
| Punjab & Sind Bank | 6.50% – 7.60% | 6.50% – 7.60% | 6.50% – 7.60% |
| State Bank of India | 6.65% – 7.65% | 6.65% – 7.65% | 6.65% – 7.65% |
| Union Bank of India | 6.50% – 8.25% | 6.50% – 8.45% | 6.50% – 8.45% |
| Indian Bank | 6.50% – 7.70% | 6.50% – 7.50% | 6.50% – 7.50% |
| Bank of India | 6.90% – 8.75% | 6.90% – 8.75% | 6.90% – 8.75% |
| UCO Bank | 6.50% – 7% | 6.50% – 7% | 6.50% – 7% |
| Bank of Maharashtra | 6.40% – 8.30% | 6.40% – 8.45% | 6.40% – 8.55% |
| Canara Bank | 7.05% – 11.85% | 7.05% – 11.85% | 7.05% – 11.85% |
| Indian Overseas Bank | 7.05% – 7.40% | 7.15% – 7.40% | 7.30% – 7.40% |
| Home Loans 2011 State Bank of India (SBI)- | ||
| Loan amount | Upto Rs.30 lacs | Above Rs. 30 lacs to Rs. 75 lac |
| Interest rate during 2nd & 3 rd year | 10.25% p.a. | 10.25% p.a. |
| Interest rate for 4th & 5th year | 11.25% | 11.00% |
| Interest rate for 6th & 7th year | 11.25% | 11.00% |
| Lender’s name | Floating interest rate (Per cent, per annum) | EMI per Rs one lakh (in Rs) |
| Axis Bank | 8.9-9.15 | 893-909 |
| Bank of Baroda | 8.65-9.65 | 877-942 |
| Bank of India | 8.7-9.6 | 881-939 |
| Canara Bank | 8.75-8.95 | 884-897 |
| Central Bank | 8.6 | 874 |
| Corporation Bank | 8.6-9.3 | 874-919 |
| HDFC Ltd | 8.9-9.8 | 893-952 |
| ICICI Bank | 9.1-9.3 | 906-919 |
| IOB | 8.7-8.95 | 881-897 |
| PNB | 8.7-8.8 | 881-887 |
| SBI | 8.75-9.35 | 884-922 |
| Syndicate Bank | 8.75 | 884 |
| UCO Bank | 8.7-8.95 | 881-897 |
| United Bank | 8.65 | 877 |
| Union Bank | 8.8-8.95 | 887-897 |
Last 10 Years Home Loan Interest Rates in India?
Trimith
51736 Views
6
3 Year
2022-05-27T10:01:37+00:00 2024-07-01T14:05:40+00:00Comment
Share