01
Fill Details
Share your contact details and check your loan amount eligibility in minutes.
Simple process
Get your home loan disbursed in 3 easy steps
Confused about which bank to choose? We compare offers and guide you end to end.
02
Max Funding
Get up to 90% of your property value from the bank of your choice.
03
No Hidden Charges
Enjoy NoBroker home loan services with zero hidden fees or surprises.
Compare 25+ banking partners
Find the lowest interest rates, max tenure, and best funding options.
Our Banking Partners
Lowest Interest
Max Tenure
Max Funding
Updated daily · Lowest rate first
Bank / NBFCInterest rateProcessing feeMax tenureAction
Plan your loan smartly
Compare EMI and eligibility side by side — adjust sliders to see what fits your budget.
EMI calculator
Monthly EMI, interest, and total repayment.
Estimated monthly EMI₹ 0Indicative · actual EMI may vary by bank
Principal 0 Interest 0
Total repayment—
Tenure20 years
Eligibility calculator
Max loan from income, EMIs, rate, and tenure.
Maximum eligible loan amount₹ 0Indicative · not a bank sanction
EMI for amount entered₹ 0
Loan amount entered—
Your current income and EMI load leave little room for a new home loan. Try lowering other EMIs or adjusting tenure.
Home Loan at Lowest Interest Rates
Buying a home is one of the biggest financial decisions most people make. Instead of paying the entire price upfront, a home loan helps you finance that purchase over a period of years with structured monthly EMIs. Compare lowest interest rates for home loan from banks and housing finance companies, check your eligibility, calculate your monthly EMI and apply for home loan online at NoBroker. The offered rate and amount will depend on the lender, your income, credit profile, loan amount and tenure.
Home Loan Interest Rates
Home loan interest rates today in India start from 7.10% p.a. as of September 2026, following the RBI's 125 basis points repo rate cut to 5.25%. Rates vary by lender, credit score, loan amount, tenure, and borrower profile. Figures below are indicative starting rates.
| Lender | Interest Rate | Maximum Loan Amount | Maximum Tenure | Processing Fee |
|---|---|---|---|---|
| State Bank of India | 7.25% p.a. onwards | No upper limit | 30 years | 0.35% (min ₹3,000, max ₹12,000) + GST |
| HDFC Bank | 7.75% p.a. onwards | Based on eligibility | 30 years | Up to 0.50% (min ₹4,000) + GST |
| ICICI Bank | 7.65% p.a. onwards | Based on eligibility | 30 years | Up to 1% + GST |
| Axis Bank | 8.00% p.a. onwards | Up to ₹10 crore | 30 years | Up to 1% (min ₹10,000) + taxes |
| Bank of Baroda | 7.20% p.a. onwards | Up to ₹5 crore | 30 years | Min ₹8,500, max ₹25,000 |
| Punjab National Bank | 7.20% p.a. onwards | Need-based | 30 years | 1% + GST (min ₹10,000) |
| Canara Bank | 7.15% p.a. onwards | No upper limit | 30 years | Contact bank |
| LIC Housing Finance | 7.15% p.a. onwards | Based on eligibility | 30 years | 0.25% (max ₹15,000) + GST |
| Union Bank of India | 7.15% p.a. onwards | Based on eligibility | 30 years | 0.50% (max ₹15,000) + GST |
| Bank of Maharashtra | 7.10% p.a. onwards | Based on eligibility | 30 years | Up to 0.25% (max ₹25,000) |
| Central Bank of India | 7.10% p.a. onwards | Based on eligibility | 30 years | 0.50% (max ₹20,000) + taxes |
| Bank of India | 7.10% p.a. onwards | Based on eligibility | 30 years | 0.25% (min ₹1,500, max ₹20,000) |
| Kotak Mahindra Bank | 7.70% p.a. onwards | Up to ₹40 crore | 25 years | Up to 2% + GST |
| IDFC First Bank | 7.75% p.a. onwards | Based on eligibility | 30 years | Up to 3% |
| Punjab and Sind Bank | 7.30% p.a. onwards | Based on eligibility | 30 years | 0.25% + taxes |
What Determines Your Home Loan Interest Rate?
- CIBIL score: Above 750 gets the best rates; below 650 can mean rejection or a high rate.
- Income and employment: Salaried applicants at established employers often get better rates than self-employed with variable income.
- Loan amount and LTV: Higher LTV can mean a marginally higher rate at some lenders.
- Property type: Ready-to-move properties are often assessed more favourably than under-construction.
- Benchmark rate: Floating loans link to the lender's EBLR, which moves with RBI repo rate.
How to Get a Lower Home Loan Interest Rate
Maintain CIBIL above 750; compare at least 3–4 lenders (0.25% on ₹50 lakh saves several lakh over 20 years); clear existing loans to improve FOIR; use female primary borrower for 0.05% concession where offered; negotiate with a strong profile or existing banking relationship.
Home Loan EMI and Affordability
EMI covers interest and principal based on loan amount, rate, and tenure. Illustrative EMIs at 8.5% p.a.:
| Loan Amount | Tenure | Interest Rate | Monthly EMI | Total Interest | Total Repayment |
|---|---|---|---|---|---|
| ₹25 lakh | 10 years | 8.5% | ₹30,996 | ₹12.2 lakh | ₹37.2 lakh |
| ₹50 lakh | 15 years | 8.5% | ₹49,237 | ₹38.6 lakh | ₹88.6 lakh |
| ₹75 lakh | 20 years | 8.5% | ₹65,087 | ₹81.2 lakh | ₹1.56 crore |
| ₹1 crore | 25 years | 8.5% | ₹80,523 | ₹1.42 crore | ₹2.42 crore |
| ₹1 crore | 30 years | 8.5% | ₹76,891 | ₹1.77 crore | ₹2.77 crore |
| ₹2 crore | 30 years | 8.5% | ₹1,53,783 | ₹3.54 crore | ₹5.54 crore |
Illustrative only. Standard reducing-balance EMI formula.
Home Loan Eligibility
Key factors: net monthly income, existing EMIs, age (loan typically closes by 70), CIBIL (750+ for best rates), employment stability (2–3 years), and RBI LTV limits (90% up to ₹30 lakh, 80% for ₹30–75 lakh, 75% above ₹75 lakh). Salaried, self-employed, and co-applicant rules apply as per lender policy.
Home Loan Application Process
- Check eligibility with NoBroker's calculator
- Compare lenders on rate, fees, and prepayment terms
- Calculate EMI for your amount and tenure
- Apply online
- Submit KYC, income, bank, and property documents
- Complete verification (typically 7–21 working days)
- Receive sanction letter and complete disbursement
Types of Home Loans
Purchase, construction, renovation, plot/land, joint, balance transfer, and top-up products are available through NoBroker partner lenders.
Home Loan Tax Benefits
Under the old tax regime only: Section 80C on principal (up to ₹1.5 lakh/year), Section 24(b) on interest (up to ₹2 lakh/year for self-occupied). Joint borrowers who are co-owners may claim independently.
Why Apply Through NoBroker?
- Compare 20+ lenders in one place
- Check eligibility before approaching banks
- Calculate EMI instantly
- Apply online with documentation support
Sources: RBI circulars, lender websites, and public rate aggregators (BankBazaar, Business Standard, etc.). Rates and eligibility change — verify with the lender before applying.
Top questions asked
What is a home loan?+
What are the current home loan interest rates?+
Which lender offers the lowest home loan interest rate?+
How can I get a lower home loan interest rate?+
How much home loan can I get?+
What is the minimum salary required for a home loan?+
What credit score is required for a home loan?+
Can I apply for a home loan online?+
What documents are required for a home loan?+
How long does a home loan take to get approved?+
What is home loan pre-approval?+
What is the maximum home loan tenure?+
Can I get a home loan with an existing loan?+
Can I apply for a joint home loan?+
Can NRIs apply for a home loan in India?+
What are the charges for a home loan?+
Can I prepay my home loan?+
What is the difference between fixed and floating interest rates?+
Are home loan interest payments eligible for tax benefits?+
Customer stories
Real home loan journeys from NoBroker customers across India.
Customer Stories
‹
A
Amit Singh
★★★★★
The loan approval process for resale properties requires multiple legal verifications and other challenges. It was only due to my NB Loan Expert's promptness and excellent work that saved us from a potential nightmare of a process.
Home Loan
›
