Home loan rates for Coimbatore buyers start at 7.40% p.a. (Bank of Baroda, Canara Bank, Union Bank of India), per the banks' official rate cards in October 2026. SBI starts at 7.50%, HDFC Bank and Axis Bank at 8.00%. The RBI repo rate is 5.50% after the 25 bps hike on 7 October 2026, and banks have passed it through to new floating-rate loans.
Banks price home loans nationally, so these rates apply in Coimbatore as elsewhere. The rate you are offered depends on CIBIL score, income type (salaried or self-employed) and loan amount.
| Lender | Interest rate (p.a.) | EMI per ₹1 lakh, 20 years, at starting rate | Effective |
|---|---|---|---|
| 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 |
| Central Bank of India | 7.45% – 9.00% | ₹803 | 8 Oct 2026 |
| Punjab National Bank | 7.45% – 9.35% | ₹803 | 8 Oct 2026 (festive rate till 31 Dec 2026) |
| State Bank of India | from 7.50% | ₹806 | 15 Oct 2026 |
| Kotak Mahindra Bank | from 7.60% | ₹812 | — |
| Axis Bank | 8.00% – 9.10% | ₹836 | — |
| HDFC Bank | 8.00% – 13.45% | ₹836 | — |
| ICICI Bank | 8.75% – 9.90% | ₹884 | 8 Oct 2026, valid till 31 Oct 2026 |
Source: each bank's official rate page, checked 26 Oct 2026. Most banks revised rates after the 7 October repo hike.
| 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 | ₹1,19,923 | ₹1,03,857 | ₹1,30,173 |
7.40% is the lowest official starting rate among large banks; 8.50% shows a typical rate for a lower CIBIL score or self-employed income.
| Item | Rate |
|---|---|
| Stamp duty | 7% |
| Registration fee | 4% |
| Registration fee, woman sole owner, property up to ₹10 lakh | 3% |
Charged on the higher of the sale price and the guideline value. Confirm on tnreginet.gov.in. Lenders do not fund stamp duty or registration; pay these from your own funds.
| Condition | Limit |
|---|---|
| Household income | Up to ₹9 lakh a year (EWS up to ₹3 lakh, LIG ₹3–6 lakh, MIG ₹6–9 lakh) |
| Property value | Up to ₹35 lakh |
| Loan amount | Up to ₹25 lakh |
| Subsidy | 4% on the first ₹8 lakh of the loan, for up to 12 years |
| Maximum subsidy | ₹1.80 lakh, paid in 5 yearly instalments to the loan account |
Source: PMAY-U 2.0 Interest Subsidy Scheme, Government of India. First-time buyers only; the household must not own a pucca house anywhere in India.
| Lender | Branch | Address |
|---|---|---|
| State Bank of India | SBI RACPC Coimbatore North | Kurinji Complex, State Bank Road, Pallakattu Thottam, Coimbatore, Tamil Nadu 641029 |
| HDFC Bank | HDFC Bank Home Loan Branch - Coimbatore (Bharathi Park Cross 2) | 1, 1st Floor, MSRK Tower, Door No, 56/3, Bharathi Park Cross 2, Saibaba Colony, Coimbatore, Tamil Nadu 641011 |
| ICICI Home Finance | ICICI Home Finance | Shop No. 102, 103 and 115, 1st floor Door No. 483, Asoka Plaza, Dr Nanjappa Rd, Coimbatore, Tamil Nadu 641018 |
| Axis Bank | Axis Bank Loan Centre | First Floor, No 442, Magnum Towers, Dr R, Dr Nanjappa Rd, Ram Nagar, Gandhipuram, Coimbatore, Tamil Nadu 641018 |
| Bank of Baroda | Bank of Baroda Ramnagar Branch (Coimbatore) | 195, E TV Swamy Rd, R.S. Puram, Coimbatore, Tamil Nadu 641002 |
| Punjab National Bank | Punjab National Bank | 1st Floor, 1035, Cross Cut Rd, Gandhipuram, Coimbatore, Tamil Nadu 641012 |
| Kotak Mahindra Bank | Kotak Mahindra Bank | Ground floor, No.444-A, Cross Cut Road, Gandhipuram Coimbatore, Coimbatore, Tamil Nadu 641012 |
| LIC Housing Finance | LIC Housing Finance Ltd | Bus Stop, 171/4/1, First Floor, Vellakinaru Pirivu, Mettupalayam Main Rd, Coimbatore, Tamil Nadu 641029 |
| PNB Housing Finance | PNB Housing Finance Limited | 2nd Floor, Raja Plaza, 1112, Avinashi Rd, near Kolors Healthcare, Opposite Airtel Bharathi Center, Lakshmi Mills, Pappanaickenpalayam, Coimbatore, Tamil Nadu 641037 |
| Bajaj Housing Finance | Bajaj Housing Finance Limited - Home Loan, Loan Against Property | BMH SRINIVAS, Door. No 1605 3rd Floor, Trichy Road, Sungam Brg, near Vivekalaya School, Coimbatore, Tamil Nadu 641018 |
Addresses from the lenders' Google Business listings, checked 26 Oct 2026.
Competitive interest rates with special concessions for women applicants.
Digital application and document submission process.
Doorstep service available in select branches.
Flexible repayment tenure up to 30 years.
No hidden charges with transparent processing fees.
Quick loan approval with pre-approved home loan facility.
Typically 7 to 15 working days for loan approval after submission of all documents
Balance Transfer
Home Construction Loan
Home Extension Loan
Loan Against Property
NRI Home Loan
Pre-Approved Home Loan
Regular Home Loan
SBI Realty (Plot Purchase Loan)
Top-up Loan
SBI Coimbatore Main Branch
SBI RS Puram Branch
SBI Peelamedu Branch
SBI Singanallur Branch
Attractive interest rates starting from 7.90% p.a
Easy online application with minimal paperwork
Quick approvals and disbursal
Special housing loan rates for salaried and self-employed
Step-by-step customer support throughout the loan process
Trufixed loans with fixed interest for a specific period
Typically quick approvals with a streamlined online application process; exact time not specified but implied to be fast
Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
Top-up Loan
Coimbatore (Ganapathy) Branch
Coimbatore (R.S. Puram) Branch
Coimbatore (Peelamedu) Branch
Coimbatore (Town Hall) Branch
