Home Loan Interest Rate Comparison — Find the Lowest Rate
Compare current home loan interest rates across SBI HDFC ICICI Axis Kotak and other major banks for 2026. Find the cheapest home loan for your needs.
Home loan interest rates in India range from 8.25% to 9.75% in 2026 depending on the bank your credit score and whether you are salaried or self-employed. SBI typically offers the lowest base rates at 8.25-8.50% while private banks like HDFC and ICICI charge 8.45-8.75%. NBFCs charge 8.75-9.75%. A 0.25% rate difference on Rs 50 lakh for 20 years means Rs 3.17 lakh in interest savings.
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Key Information
| Parameter | Details |
|---|---|
| SBI Home Loan Rate | 8.25% - 8.65% (salaried) |
| HDFC Home Loan Rate | 8.45% - 8.75% (salaried) |
| ICICI Home Loan Rate | 8.45% - 8.80% (salaried) |
| Axis Bank Rate | 8.50% - 8.85% (salaried) |
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Use Calculator NowFrequently Asked Questions
Which bank has the lowest home loan rate?
SBI consistently offers the lowest home loan rates in India at 8.25% for salaried borrowers with CIBIL score 800+. Bank of Baroda and Union Bank offer competitive rates at 8.30-8.40%. Among private banks HDFC at 8.45% and ICICI at 8.45% are the most competitive. Always negotiate using competing offer letters.
Does CIBIL score affect home loan rate?
Yes significantly. Score 800+: lowest rate (8.25% at SBI). Score 750-800: base rate + 0.10-0.15%. Score 700-750: base rate + 0.25-0.50%. Score 650-700: base rate + 0.50-1.00%. Below 650: most banks reject or charge 9.5%+. Improving your CIBIL from 720 to 780 can save Rs 2-3 lakh in interest on a Rs 50L loan.
How to negotiate a better home loan rate?
Apply to 3-4 banks simultaneously. Show each bank the competing offers. Ask for rate match — banks have discretion to reduce by 0.05-0.15%. Mention if you are a salary account holder government employee or have a women co-applicant (0.05% discount at most banks). Consider balance transfer after 1-2 years if better rates appear.
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Last updated: March 2026