Home Loan Interest Rates India: Many people’s dream in life is to have their own house. However, nowadays it has become very difficult for common people to buy a house. House prices are reaching the sky every day. Talking about Tier-1 and Tier-2 cities, house prices have reached crores of rupees.

In such a situation, many people take help of home loan from the bank to buy a house. If you are also planning to take a home loan from the bank, then you must get information about the home loan interest rates of the major banks of the country. So that you do not suffer any kind of financial loss. Also, you can choose the best home loan for yourself….

1. State Bank of India (SBI) Home Loan

In the country’s largest government bank SBI, home loan interest rate starts at around 7.50 percent, which can go up to 10.75 percent depending on the customer’s profile and CIBIL score. That means, the better your credit score, the less interest you will have to pay.

2. Bank of Baroda Home Loan

Bank of Baroda starts home loans to its customers at an interest rate of 7.35 percent. The interest rate may further change depending on the credit profile and other conditions of the customer.

3. Bank of India

Bank of India provides home loans to its customers at interest rates ranging from 7.35 percent to 12.15 percent. Home loan interest rates may change depending on the income, credit score and profile of the customer.

4. ICICI Bank Home Loan

The country’s well-known private bank ICICI Bank is providing home loans to its customers at interest rates ranging between 8.75 percent to 11.80 percent.

5. HDFC Bank Home Loan

HDFC, one of the largest private banks in the country, is offering home loans to its customers at interest rates ranging from 7.90 percent to 13.20 percent.

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Bank of baroda: Bank of Baroda (BOB) of the public sector has reduced its interest rate on home loans. The bank gave this information on Monday. After this amendment, the interest rate on home loan is now 8.40 percent annually as against 8.40 %. The bank informed that these new rates are applicable to new home loans and home improvement loans.

Repo rate was also benefited

Bank of Baroda said in a statement on Monday, May 5, 2025, this rate is applicable to loans of Rs 15 lakh and above. Along with this, it is also associated with the credit score of the borrower. The bank also said that the benefit of reducing the repo rate of the Reserve Bank of India has already been given to the existing borrowers from the bank. Now the bank is giving a concession of 0.05 % annually for female borrowers and 0.10 percent annually for borrowers below 40 years, which is applicable to ready properties, shifting of home loans etc.

Now buying a house is even more affordable

Sanjay Mudaliar, Executive Director of Bank of Baroda, said, “Buying the house at the new interest rate of Bank of Baroda will become even cheaper now. We are also offering special concepts for some more important segments. These new revised rates also make their positions stronger as a bank’s commitment to offer competition and a favorite housing partner to offer competition to those who want to buy a house. ‘

Loan transfer also easy

The bank’s ‘Home Loan Balance Transfer’ Spokes also gives the customers borrowed from other banks and NBFCs to the minimum documents and early processing and also gives a chance to transfer their home loans to Bank of Baroda, which will also give them a chance to take advantage of the low interest rate.

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