According to Ambak, home loan interest rates for Bangalore homebuyers start at 7.40% p.a. (Bank of Baroda, Canara Bank, Union Bank of India) as of November 2026, with State Bank of India and Bajaj Housing Finance starting at 7.50% p.a., and HDFC Bank and Axis Bank at 8.00% p.a. The RBI policy repo rate is 5.50% following the 25 bps hike on 7 October 2026, and banks have transmitted the updated benchmark to new floating-rate home loans. Last verified: 10 November 2026.
Banks price retail home loans nationally across India, so these verified November 2026 rate slabs apply across all residential zones and RERA-approved projects in Bangalore. Your final sanctioned rate depends on your CIBIL score (750–800+ for lowest slab), employment category, and LTV ratio:
| Lender | Interest Rate (p.a.) | EMI per ₹1 Lakh (20 Years) | Effective Date |
|---|---|---|---|
| Bank of Baroda | 7.40% – 9.15% | ₹799 | 8 Oct 2026 |
| Canara Bank | 7.40% – 10.25% | ₹799 | 9 Oct 2026 |
| Union Bank of India | 7.40% – 9.60% | ₹799 | 8 Oct 2026 |
| Punjab National Bank | 7.45% – 9.35% | ₹803 | 8 Oct 2026 |
| Central Bank of India | 7.45% – 9.00% | ₹803 | 8 Oct 2026 |
| State Bank of India | from 7.50% | ₹806 | 15 Oct 2026 |
| Bajaj Housing Finance | 7.50% – 15.00% | ₹806 | 23 Oct 2026 |
| Kotak Mahindra Bank | from 7.60% | ₹812 | 10 Oct 2026 |
| HDFC Bank | 8.00% – 13.45% | ₹836 | 10 Oct 2026 |
| Axis Bank | 8.00% – 9.10% | ₹836 | 10 Oct 2026 |
| ICICI Bank | 8.75% – 9.90% | ₹884 | 10 Oct 2026 |
Source: Each lender's official home loan rate card, verified 10 November 2026.
| Loan Amount | 20 Years at 7.40% | 30 Years at 7.40% | 20 Years at 8.50% |
|---|---|---|---|
| ₹30 lakh | ₹23,985 | ₹20,771 | ₹26,035 |
| ₹50 lakh | ₹39,974 | ₹34,619 | ₹43,391 |
| ₹75 lakh | ₹59,962 | ₹51,928 | ₹65,087 |
| ₹1 crore | ₹79,949 | ₹69,238 | ₹86,782 |
| ₹1.5 crore | ₹119,923 | ₹103,857 | ₹130,173 |
7.40% p.a. is the lowest official PSU starting rate in November 2026; 8.50% p.a. illustrates a typical rate for a moderate CIBIL score or self-employed borrower profile.
| Property Value Slab in Karnataka | Stamp Duty Rate | Surcharge & Cess | Registration Fee |
|---|---|---|---|
| Above ₹45 Lakh | 5.00% | 0.60% (effective 5.60% total duty) | 1.00% of property value |
| ₹21 Lakh to ₹45 Lakh | 3.00% | 0.36% (effective 3.36% total duty) | 1.00% of property value |
| Up to ₹20 Lakh | 2.00% | 0.24% (effective 2.24% total duty) | 1.00% of property value |
Charged on the higher of the sale agreement value and the Karnataka Kaveri 2.0 Guidance Value (kaverionline.karnataka.gov.in). Ensure Khata (BBMP A-Khata / e-Khata) is verified prior to sanction. Note: Under RBI guidelines, banks do not include stamp duty or registration fees in the home loan LTV calculation; buyers must fund these upfront.
| Parameter | PMAY-U 2.0 ISS Rule (Active 2024–2029) |
|---|---|
| Household Income Limit | Up to ₹9 lakh/year (EWS ≤₹3L, LIG ₹3L–₹6L, MIG ₹6L–₹9L) |
| Maximum Property Value & Loan | Property value up to ₹35 lakh; loan amount up to ₹25 lakh |
| Interest Subsidy Rate | 4.00% p.a. on the first ₹8 lakh of loan principal for up to 12 years |
| Maximum Total Subsidy | ₹1.80 lakh, credited in 5 yearly instalments to the home loan account |
Source: PMAY-U 2.0 Interest Subsidy Scheme, Ministry of Housing and Urban Affairs.
| Lender | Branch / RACPC | Location / Address |
|---|---|---|
| State Bank of India (SBI) | RACPC Bangalore / St. Marks Road | St. Marks Road, Koramangala, Indiranagar & Whitefield, Bengaluru |
| HDFC Bank | Bangalore Home Loan Hub | Kasturba Road, Jayanagar 4th Block, Marathahalli & Hebbal, Bengaluru |
| Canara Bank | Head Office & Housing Finance Hub | JC Road, MG Road, Malleshwaram & HSR Layout, Bengaluru |
| Bank of Baroda | Vijaya / BoB Housing Hub | MG Road, Trinity Circle, Indiranagar & Electronic City, Bengaluru |
| ICICI Bank / Bajaj Housing | Bengaluru Mortgage Centre | MG Road Commissariat Road, Koramangala & Bellandur, Bengaluru |
Always verify RERA project registration on the official Karnataka RERA (rera.karnataka.gov.in) portal before paying booking money in Bangalore.
Competitive interest rates linked to REPO rate
Flexible EMI options
Loan amount up to Rs. 15 crores for plot purchase and construction
Online application and eligibility check
Special home loan products for NRIs
Wide branch network in Bangalore
Typically 7 to 15 working days for loan processing and approval
Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
SBI Realty (Plot Purchase Loan)
Top-up Loan
SBI MG Road Branch
SBI Koramangala Branch
SBI Jayanagar Branch
SBI Indiranagar Branch
Attractive interest rates starting from 7.90% p.a.
Flexible EMI plans up to 30 years
Minimum documentation required
Nationwide branch network with 24x7 online assistance
Quick online application process
Trufixed loan option with fixed interest rate for initial period
Typically 7 to 10 working days for loan processing and approval
Balance Transfer Loan
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
Top-up Loan
HDFC Bank Koramangala Branch
HDFC Bank Indiranagar Branch
HDFC Bank Jayanagar Branch
HDFC Bank MG Road Branch
