As of April 8, 2025, several banks in India are offering competitive home loan interest rates. While these rates are generally consistent nationwide, they can vary based on factors such as the borrower's credit profile, loan amount, and tenure. Therefore, residents of Hyderabad can access similar rates, subject to individual eligibility. However, as per my research the Bank of Baroda offers the lowest home loan interest rate in Hyderabad, starting at 6.50%.
Which Bank Offers the Lowest Home Loan Interest Rates in Hyderabad?
Here are some of the current home loan interest rates offered by major banks:
State Bank of India (SBI): Starting from 8.25% per annum.
HDFC Bank: Starting from 8.75% per annum.
ICICI Bank: Starting from 8.75% per annum.
Axis Bank: Starting from 8.75% per annum.
Bank of Baroda: Starting from 6.50% per annum.
Hence, as per these values, the Bank of Baroda offers the lowest interest rate. It's important to note that these rates are subject to change and may vary based on individual factors such as:
A higher credit score can lead to more favorable interest rates. Larger loan amounts or longer tenures might attract different rates. Salaried individuals may receive different rates compared to self-employed applicants.
Additionally, the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6.25% in February 2025, which can influence lending rates.
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My brother recently bought a flat in Hyderabad. To finance this, he availed himself of a home loan. While comparing several banks, his main motive was to obtain a loan from a bank that would offer him the lowest home loan interest rate in Hyderabad.
After comparing banks like Kotak Mahindra, HDFC, ICICI, and BOB, he opted for a loan from the Bank of Baroda.
Which Bank Provides the Lowest Interest Rate for Home Loan in Hyderabad?
So let me share the comparison chart that was chalked by my brother after he compared the home loan interest rates of the below-given 4 banks;
| Bank | Home loan interest rate |
Kotak Mahindra |
8.70% onwards |
HDFC |
8.75% to 9.40% |
ICICI |
8.75% p.a. |
Bank of Baroda |
starts at 8.40%. |
So from this table, he figured out that he would get the lowest home loan interest rates in Hyderabad from the Bank of Baroda.
Keep in mind that these rates can fluctuate so when you want to avail a home loan, it is best to compare the rates of several Banks.
I hope this helps!
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What is Lowest Home Loan Interest Rate in Hyderabad?
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2024-01-30T10:07:50+00:00 2024-01-30T13:54:13+00:00Comment
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