According to Ambak, home loan rates for Indore buyers start at 7.40% p.a. (Bank of Baroda, Canara Bank, Union Bank of India), per the banks' official rate cards in November 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 November 2026, and banks have passed it through to new floating-rate loans.
Banks price home loans nationally, so these rates apply in Indore 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 10 November 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 | 7.5% |
| Registration fee | 3% |
Charged on the higher of the sale price and the guideline value. Most 2026 sources show no concession for women; confirm on the SAMPADA 2.0 portal. 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 Indore 2 | 1St, near, S.B.I. Campus, G.P.O, Indore, Madhya Pradesh 452001 |
| HDFC Bank | HDFC Bank Home Loan Branch - Indore (MG Road) | No 10A, 1, Mahatma Gandhi Rd, Near Treasure Island, Race Course Road, Indore, Madhya Pradesh 452003 |
| ICICI Home Finance | ICICI Home Finance - Navlakha, Indore | Office No -106,1st floor Pukhraj Corporate, Navlakha, Indore, Madhya Pradesh 452001 |
| Axis Bank | Axis Bank - Indore | No 1, Kamal Palace, Yeshwant Niwas Rd, Sanghi Colony, Yeshwant Colony, Indore, Madhya Pradesh 452003 |
| Bank of Baroda | Bank of Baroda Industrial Estate Indore Branch | 61/1, Snehlataganj Rd, Snehlataganj, Indore, Madhya Pradesh 452003 |
| Punjab National Bank | Punjab National Bank | No 152, Paliwal Dharamshala, Imli Bazar, Indore, Madhya Pradesh 452007 |
| Kotak Mahindra Bank | Kotak Mahindra Bank | No.2, Traffic Route, 82, Jawahar Marg, Plot No.628, Scheme No.3, Indore, Madhya Pradesh 452007 |
| LIC Housing Finance | LIC Housing Finance Ltd | Gopur Square, Plot no.328-329 1st Floor, Gopur Chauraha, Indore, Madhya Pradesh 452009 |
| PNB Housing Finance | PNB Housing Finance Limited | 2nd Floor, Megapolis Building, No. 201, Mahatma Gandhi Rd, near Honda Service Station, Near T.J, New Palasia, Indore, Madhya Pradesh 452003 |
| Bajaj Housing Finance | Bajaj Housing Finance Limited - Home Loan, Loan Against Property | Plot No. 13, Airen Heights, 6th floor, Unit - 605 & 606, PU-3, Vijay Nagar, Indore, Madhya Pradesh 452010 |
Addresses from the lenders' Google Business listings, checked 10 November 2026.
flexible repayment schedules
Low processing fees
online application and EMI calculator
quick approval and disbursement
women borrower concession of 0.05%
zero hidden charges
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
Top-up Loan
SBI Indore Main Branch
SBI Residency Road Branch
SBI Vijay Nagar Branch
SBI Palasia Branch
assistance at every step
Attractive interest rates starting from 7.90% p.a.
minimal documentation
quick and easy loan approval
simple online application process
Trufixed loans with fixed interest for a specific period
Typically quick approval with processing time varying but generally within a few days after document submission
Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
Top-up Loan
HDFC Bank Indore Main Branch
HDFC Bank Vijay Nagar Branch
HDFC Bank Palasia Branch
HDFC Bank Rau Branch
