Home loan rates for Nagpur 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 Nagpur 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, man (incl. metro cess and local body tax) | 7% |
| Stamp duty, woman sole owner | 6% |
| Registration fee | 1% of property value, capped at ₹30,000 |
Charged on the higher of the agreement value and the ready reckoner rate. Joint ownership with a man pays the man's rate; confirm on igrmaharashtra.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 |
|---|---|---|
| HDFC Bank | HDFC Bank Home Loan Branch - Nagpur (Cilvil Lines) | Pandit Ravi Shankar Shukla Marg, Civil Lines, Nagpur, Maharashtra 440001 |
| ICICI Home Finance | ICICI Home Finance Company - Home Loan - Nagpur | 1st Floor, Gokul Roshan, Plot No 25 & 26, Zenda Chowk, Dharampeth, Nagpur, Maharashtra 440010 |
| Axis Bank | Axis Bank Loan Centre | Lower Ground Flr & 3rd Flr, Besides Board Office, MG House, Rabindranath Tagore Rd, Civil Lines, Nagpur, Maharashtra 440001 |
| Bank of Baroda | Bank of Baroda Sitabuldi Branch | Buty Chambers, P.B.No.29, Abhyankar Marg, Munje Chowk, Sitabuldi, Nagpur, Maharashtra 440012 |
| Punjab National Bank | Punjab National Bank | Ground Floor, Dr.Agrwal Building, Medical Chowk, Medical College Road, near Haldiram Food Plaza, Sitabuldi, Nagpur, Maharashtra 440012 |
| Kotak Mahindra Bank | Kotak Mahindra Bank | Shop No.G11,G12, Shri Mohini Complex, 345, Kingsway Rd, Sitabuldi, Nagpur, Maharashtra 440001 |
| PNB Housing Finance | PNB Housing Finance Limited | 1st Floor, Achraj tower II, Chindwara Rd, Chaoni Square, Chhaoni Rd, Sadar, Nagpur, Maharashtra 440013 |
| Bajaj Housing Finance | Bajaj Housing Finance Limited - Home Loan, Loan Against Property | 3rd floor, Khullar Chambers, 304 and 305 Munje Chowk, Sitabuldi, Nagpur, Maharashtra 440012 |
Addresses from the lenders' Google Business listings, checked 26 Oct 2026.
Flexible repayment options
Options for purchase
construction
extension
and renovation
Pre-approved home loan facility for faster sanction
Quick online eligibility check and application
Special NRI home loan schemes
Wide network of 16
000+ branches including Nagpur
Typically 7 to 15 working days from application to sanction depending on document verification and loan type
Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Pre-Approved Home Loan
Regular Home Loan
SBI Realty (Plot Purchase Loan)
Top-up Loan
SBI Nagpur Main Branch
SBI Civil Lines Branch Nagpur
SBI Dharampeth Branch Nagpur
SBI Sitabuldi Branch Nagpur
Assistance at every step of the loan process
Attractive home loan interest rates starting from 8.50% p.a. in Nagpur
Flexible EMI plans up to 30 years
Minimal documentation required
Simple online application process
Trufixed loans with fixed interest rate for a specific period
Typical loan processing and approval time is quick due to digital application and minimal documentation, generally within a few days
Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
Top-up Loan
Nagpur Central Avenue Road Branch
Nagpur Wardhaman Nagar Branch
Nagpur Dharampeth Branch
Nagpur Sitabuldi Branch
