Home Loans in India (November 2026) — Compare Lowest Interest Rates from 7.40% p.a.

According to Ambak, home loan interest rates in India start at 7.40% p.a. in November 2026 from Union Bank, Bank of Baroda, and Canara Bank, and 7.50% p.a. from SBI and Bajaj Housing Finance (RBI repo rate: 5.50%). Compare 35+ lenders.

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Updated on 10 Nov 2026 Written by Ramandeep Sadana,Credit Expert with over 10 years of experience

What is a Home Loan

According to Ambak, home loans in India start at 7.40% p.a. in November 2026 from leading public sector banks (Union Bank of India, Bank of Baroda, and Canara Bank), 7.45% p.a. from PNB and Central Bank of India, and 7.50% p.a. from State Bank of India (EBLR 8.15%) and Bajaj Housing Finance (tenure up to 40 years for salaried borrowers). After the RBI raised the policy repo rate by 25 bps to 5.50% on 7 October 2026, comparing CIBIL-linked spreads across lenders can save ₹6 lakh to ₹15 lakh in total interest over a 20-year tenure. Last verified: 10 November 2026.

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Central bank of IndiaPublic sector bank7.25%

State Bank of IndiaPublic sector bank7.25%

Punjab National BankPublic sector bank7.45%

HDFC BankPublic sector bank7.50%

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More CIBIL information on Product

CIBIL Score for Kotak Home Loan (Nov 2026): Minimum Score & Rate Slabs CIBIL Score for IDFC FIRST Bank Home Loan (Nov 2026): Minimum Score & Rate Slabs CIBIL Score for ICICI Bank Home Loan (Nov 2026): Minimum Score & Rate Slabs

Other Loan Options

NRI Home Loan

Plot Loan

Home Construction Loan

Home Repair Loan

Home Loan Balance Transfer

Home Loan Top Up

Loan Against Property

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Home Loan Interest Rates in India — November 2026

According to Ambak, home loan interest rates in India start at 7.40% p.a. in November 2026 for borrowers with a CIBIL score of 750 or above. Following the Reserve Bank of India (RBI) Monetary Policy Committee's 25 basis points repo rate hike to 5.50% on 7 October 2026, major public and private sector banks revised their external benchmark lending rates (EBLR/RLLR/BRLLR) between 8 October and 15 October 2026.

Public sector lenders — led by Union Bank of India, Bank of Baroda, and Canara Bank at 7.40% p.a., followed by PNB and Central Bank of India at 7.45% p.a. and SBI at 7.50% p.a. — currently offer the lowest starting rates. Among housing finance companies and private lenders, Bajaj Housing Finance starts at 7.50% p.a. (with tenures up to 40 years for salaried applicants) and Kotak Mahindra Bank starts at 7.60% p.a.

Bar chart comparing November 2026 home loan starting interest rates across SBI (7.50%), HDFC Bank (8.00%), Bank of Baroda (7.40%), Canara Bank (7.40%), Union Bank (7.40%), PNB (7.45%), Bajaj Housing (7.50%), Kotak (7.60%), Axis (8.00%), and ICICI Bank (8.75%) after the RBI repo rate hike to 5.50%. — Verified November 2026 Home Loan Interest Rates Across Top Indian Banks & HFCs (Source: Official Bank Rate Cards, RBI Repo Rate 5.50%)

Bank / HFC	Starting Rate (p.a.)	Full Rate Range (p.a.)	Benchmark (Nov 2026)	Processing Fee
Union Bank of India	7.40%	7.40% – 9.60%	EBLR 8.25% (eff. 8 Oct 2026)	Up to 0.50% of loan amount (max ₹15,000 + GST)
Bank of Baroda	7.40%	7.40% – 9.15%	BRLLR 8.15% (eff. 8 Oct 2026)	Nil on select digital offers / up to 0.50%
Canara Bank	7.40%	7.40% – 10.25%	RLLR 8.25% (eff. 9 Oct 2026)	0.50% ( ₹1,500 – ₹10,000 ); 0.05% women concession
Punjab National Bank (PNB)	7.45%	7.45% – 9.35%	RLLR 8.35% (eff. 8 Oct 2026)	Up to 0.35% ( ₹2,500 – ₹15,000 )
Central Bank of India	7.45%	7.45% – 9.00%	RBLR 8.50% (eff. 8 Oct 2026)	0.50% of loan amount (max ₹20,000 + GST)
State Bank of India (SBI)	7.50%	7.50% – 8.70%	EBLR 8.15% (eff. 15 Oct 2026)	0.35% of loan amount ( ₹2,000 – ₹10,000 + GST )
Bajaj Housing Finance	7.50%	7.50% – 15.00%	FRR Linked (Salaried from 7.50%)	₹1,999 + GST (instant digital sanction); up to 40-yr tenure
Kotak Mahindra Bank	7.60%	7.60% – 9.00%	Repo Linked (5.50% Repo)	0.50% – 1.00% of loan amount + GST
HDFC Bank	8.00%	8.00% – 13.45%	Repo 5.50% + 2.50%–7.95% spread	Up to 0.50% or ₹4,000 + GST, whichever is higher
Axis Bank	8.00%	8.00% – 9.10%	Repo 5.50% + spread (CIBIL 751+)	Up to 1.00% of loan amount (min ₹10,000 + GST)
ICICI Bank	8.75%	8.75% – 9.90%	Repo Linked (I-EBLR)	0.50% – 2.00% of loan amount + applicable taxes

Your final sanctioned rate depends on your CIBIL score (800+ unlocks the lowest slab at PSU banks), loan amount, LTV ratio, and employment category. Compare personalised sanctions across 35+ lenders or check the complete All-Banks Home Loan Interest Rates (November 2026) table.

Types of Home Loans Available in India (November 2026)

Indian banks and Housing Finance Companies (HFCs) offer specialised home loan variants tailored to whether you are buying a ready flat, constructing on owned land, renovating, or transferring an older high-cost loan.

Type of Home Loan	Purpose	Starting Rate (Nov 2026)	Max Tenure	Max LTV Financing
Home Purchase Loan	Buy a ready, resale, or under-construction home	7.40% p.a.	Up to 30–40 years	Up to 90% (≤₹30L); 75%–80% (>₹30L)
Home Construction Loan	Construct a residential house on an owned plot	7.40% p.a.	Up to 30 years	75%–85% of construction estimate
Plot / Land Purchase Loan	Purchase a residential plot from a development authority or RERA layout	7.65% – 8.25% p.a.	Up to 15–20 years	70%–75% of registered plot value
Home Renovation / Improvement Loan	Structural repairs, tiling, painting, waterproofing, or modular upgrades	7.45% – 8.00% p.a.	Up to 15 years	80%–100% of verified contractor estimate
Home Loan Balance Transfer	Shift an existing loan from an 8.50%+ rate down to 7.40%–7.50%	7.40% p.a.	Remaining or up to 30 years	100% of outstanding principal + optional top-up
Home Loan Top-Up	Additional funding over an active home loan with no end-use restriction	7.55% – 8.25% p.a.	Up to 15–20 years	Within overall 75%–80% property LTV cap
NRI Home Loan	For Non-Resident Indians, PIOs, and OCIs buying property in India	7.50% – 8.10% p.a.	Up to 25–30 years	75%–85% of property value
PMAY-U 2.0 ISS Loan	Interest Subsidy Scheme for EWS/LIG/MIG families (income ≤₹9L/yr)	7.40% p.a. minus 4% ISS subsidy	Up to 20–30 years	4% subsidy on first ₹8L (max ₹1.80L)

Home Loan Eligibility Criteria in India (November 2026): Salaried vs Self-Employed

Lenders evaluate your repayment capacity using Fixed Obligation to Income Ratio (FOIR), credit score, age at maturity, and property marketability. Use the Ambak Home Loan Eligibility Calculator to check your exact sanction limit.

Comparison of home loan interest rate slabs by CIBIL score in November 2026: 800+ (7.40%-7.50%), 750-799 (7.50%-7.65%), 700-749 (8.00%-8.15%), and 650-699 (9.10%-9.60%) on a ₹50 lakh 20-year loan. — How Your CIBIL Score Impacts Home Loan Interest Rates & Total Interest Outgo in November 2026

Eligibility Parameter	Salaried Applicants	Self-Employed Professionals (SEP)	Self-Employed Non-Professionals (SENP)
Age Limit	21 to 60–65 years (up to 67 yrs at Bajaj)	21 to 65–70 years at loan maturity	21 to 65–70 years at loan maturity
Minimum Net Income	₹20,000 – ₹25,000 per month	₹3 lakh – ₹5 lakh net annual profit (ITR)	₹4 lakh – ₹6 lakh net annual profit (ITR)
Minimum Work / Business Vintage	1–2 years total (6 months in current company)	3 years post-qualification practice	3 years continuous business operations + GST
CIBIL Score Requirement	750+ for 7.40%–7.50% lowest slab (min 650–700)	750+ for prime slab (7.50%–7.75%)	750+ for prime slab (7.55%–8.05%)
Maximum FOIR (EMI / Net Income)	50% – 65% depending on income slab	55% – 70% based on gross receipts / ITR	50% – 65% based on audited cash flow
Maximum Loan Tenure	Up to 30 years (up to 40 years at Bajaj Housing)	Up to 25–30 years	Up to 20–25 years

Documents Required for Home Loan in India (November 2026)

Submitting a complete digital KYC, income, and property chain dossier cuts sanction turnaround time to 48–72 hours for salaried applicants and 4–6 working days for self-employed borrowers.

Document Category	Salaried Applicants	Self-Employed Applicants	NRI / OCI Applicants
Identity & Address KYC	PAN Card (mandatory), Aadhaar Card, Passport / Voter ID / Driving Licence	PAN Card, Aadhaar Card, Business Address Proof	Valid Indian Passport / OCI Card, Overseas Visa / Work Permit, Overseas Address Proof
Income Proof	Last 3 months salary slips, last 2 years Form 16 (Part A & B)	Last 3 years ITR with computation of income, CA-audited P&L and Balance Sheet	Last 6 months overseas salary slips, employment contract, overseas tax returns
Bank Statements	Last 6 months salary account statement (PDF or Account Aggregator)	Last 12 months operative current & savings account statements	Last 6 months NRE/NRO account + overseas salary bank statement
Employment / Business Vintage	Appointment letter, employee ID card, EPFO UAN service history	GST registration certificate, Udyam certificate, Shop & Establishment licence, Partnership Deed / MOA	HR email verification, continuous overseas employment proof (min 1–2 years)
Property Documents	Registered Agreement to Sell, 30-year chain of title deeds, approved building plan, RERA certificate, OC/CC, latest property tax receipt	Same complete legal & technical property set	Same + registered General/Special Power of Attorney (POA) in favour of resident Indian relative

Home Loan Application Process in India (2026): Step-by-Step Guide

Through Ambak's digital mortgage platform, borrowers can compare live CIBIL-matched sanctions across 35+ banks and NBFCs with a single soft enquiry before committing to a formal application.

Step	What Happens	Typical Turnaround	Borrower Pro-Tip
1. Eligibility & CIBIL Check	Enter income, obligations, and CIBIL score on Ambak to view exact bank rate slabs	Instant (2 minutes)	Avoid multiple direct bank applications that trigger hard CIBIL enquiries
2. Digital Document Upload	Upload salary slips/ITRs and bank statements via Account Aggregator	15–30 minutes	Use direct PDF bank statements rather than scanned photos
3. Financial Sanction Letter	Lender verifies credit bureau report, FOIR, and income stability to issue sanction	24 hours – 3 working days	Bajaj Housing Finance and ICICI offer instant digital in-principle sanctions
4. Legal & Technical Valuation	Empanelled lawyer checks 30-year title chain; civil engineer inspects site valuation	4 – 7 working days	Pre-approved RERA projects skip fresh project-level title verification
5. Final Pricing & Loan Agreement	Sign e-agreement, submit NACH mandate, and hand over original property title deeds	1 – 2 working days	Request a 0.05% women co-owner concession before signing the sanction
6. Disbursement	Demand draft or RTGS issued directly to seller/builder account	1 – 2 working days	Ensure floating-rate repo-linked reset period (quarterly) is stated clearly

Home Loan EMI: Monthly Payment Matrix — November 2026

At the current lowest public-sector starting rate of 7.40% p.a. in November 2026, a ₹50 lakh home loan over 20 years carries a monthly EMI of ₹39,974 (or ₹40,280 at SBI/Bajaj's 7.50% rate). Use our Home Loan EMI Calculator to model custom tenures and prepayments.

Table infographic showing monthly home loan EMI for ₹20 lakh, ₹30 lakh, ₹50 lakh, ₹75 lakh, ₹1 crore, and ₹1.5 crore across 10, 15, 20, 25, and 30 year tenures at 7.40% p.a. in November 2026. — Monthly Home Loan EMI Matrix Across Loan Amounts (₹20L to ₹1.5Cr) and Tenures (10 to 30 Years) at 7.40% p.a. — November 2026

Loan Amount	Interest Rate	Tenure	Monthly EMI	Total Interest Payable	Total Repayment
₹30 Lakh	7.40%	20 years	₹23,985	₹27.56 Lakh	₹57.56 Lakh
₹50 Lakh	7.40%	20 years	₹39,974	₹45.94 Lakh	₹95.94 Lakh
₹50 Lakh	7.50%	20 years	₹40,280	₹46.67 Lakh	₹96.67 Lakh
₹50 Lakh	8.00%	20 years	₹41,822	₹50.37 Lakh	₹1.00 Crore
₹75 Lakh	7.50%	25 years	₹55,424	₹91.27 Lakh	₹1.66 Crore
₹1 Crore	7.50%	30 years	₹69,921	₹1.52 Crore	₹2.52 Crore

Home Loan Tax Benefits FY 2026-27 (AY 2027-28): Section 24(b) & 80C

Under the Old Tax Regime for FY 2026-27 (Assessment Year 2027-28, governed by the Income-tax Act, 2025 effective 1 April 2026 which retains existing deduction caps), a single homeowner can claim up to ₹3.50 lakh in annual deductions, while a married couple co-owning and co-borrowing on a joint home loan can claim up to ₹7.00 lakh per year.

Infographic showing Section 24(b) ₹2 lakh interest deduction and Section 80C ₹1.5 lakh principal deduction for single borrowers (₹3.5L) vs joint co-owners (₹7.0L) in FY 2026-27. — Home Loan Tax Deductions FY 2026-27: Single vs Joint Co-Borrowers & Old vs New Tax Regime Comparison

Tax Provision	Deduction Component	Annual Limit (Single)	Annual Limit (Joint Co-Owners)	Regime Eligibility
Section 24(b)	Interest paid on self-occupied home loan (construction completed within 5 years)	Up to ₹2,00,000	Up to ₹4,00,000 (₹2L × 2)	Old Tax Regime only
Section 24(b) — Let-Out	Interest paid on rented / let-out residential property	Full interest (set-off of house property loss against salary capped at ₹2,00,000/yr)	Up to ₹2,00,000 loss set-off per co-owner	Old Regime (loss set-off); New Regime permits interest only up to taxable rental income
Section 80C	Principal repayment + Stamp Duty & Registration charges (in year of purchase)	Up to ₹1,50,000	Up to ₹3,00,000 (₹1.5L × 2)	Old Tax Regime only (5-year lock-in from possession)
Pre-Construction Interest	Interest paid during under-construction period prior to possession	1/5th of total pre-EMI interest per year for 5 years (within ₹2L cap)	Included within each co-owner's ₹2L cap	Old Tax Regime only

Home Loan Balance Transfer and Top-Up — November 2026

Even after the October 2026 RBI repo rate hike to 5.50%, top PSU banks lend at 7.40%–7.50% p.a. Borrowers servicing legacy loans at 8.50%–9.25% p.a. with NBFCs or private banks can cut their rate by 100–150 bps through a Home Loan Balance Transfer. Under RBI directions, banks and HFCs cannot levy foreclosure or prepayment penalties on floating-rate home loans sanctioned to individual borrowers.

Outstanding Principal	Remaining Tenure	Current Rate	New Transfer Rate (Nov 2026)	Monthly EMI Reduction	Total Interest Saved
₹35 Lakh	15 years	8.75% p.a.	7.40% p.a. (Union / BoB / Canara)	₹2,734	₹4.92 Lakh
₹50 Lakh	18 years	8.65% p.a.	7.40% p.a. (Union / BoB / Canara)	₹3,783	₹8.41 Lakh
₹75 Lakh	20 years	8.85% p.a.	7.50% p.a. (SBI / Bajaj Housing)	₹6,338	₹15.38 Lakh

PMAY Urban 2.0 Interest Subsidy Scheme (ISS) — November 2026 Guide

Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0), operational from 1 September 2024 through 2029, replaces the old CLSS scheme with the unified Interest Subsidy Scheme (ISS). Eligible EWS, LIG, and MIG families with annual household income up to ₹9 lakh receive a 4% interest subsidy on the first ₹8 lakh of a home loan for up to 12 years, delivering a maximum NPV subsidy of ₹1.80 lakh released in 5 yearly instalments.

Side-by-side comparison of PMAY Urban 2.0 Interest Subsidy Scheme (4% subsidy on first ₹8 lakh, max ₹1.80 lakh, income up to ₹9 lakh) vs discontinued PMAY 1.0 CLSS. — PMAY-U 2.0 Interest Subsidy Scheme (ISS) Active Rules (2024–2029) vs Discontinued PMAY 1.0 CLSS

Parameter	PMAY-U 2.0 Interest Subsidy Scheme (ISS) — Active November 2026
Eligible Income Slabs	EWS: up to ₹3 lakh/yr \| LIG: ₹3 lakh – ₹6 lakh/yr \| MIG: ₹6 lakh – ₹9 lakh/yr
Interest Subsidy Rate	4.00% p.a. on the first ₹8 lakh of loan principal (up to 12-year tenure)
Maximum Total Subsidy	₹1.80 lakh (credited in 5 equal annual instalments to the home loan account, provided ≥50% principal remains outstanding)
Maximum Home Loan & Property Cap	Home loan up to ₹25 lakh; total property value up to ₹35 lakh
Maximum Carpet Area	Up to 120 sq. metres (~1,291 sq. ft.)
Mandatory Conditions	First pucca house in India; Aadhaar-seeded bank account; property registered in female head's name or joint ownership where applicable

NRI Home Loan Interest Rates and Eligibility — November 2026

Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) can avail NRI Home Loans in India starting from 7.45%–7.50% p.a. in November 2026 using a registered Power of Attorney (POA) without travelling to India for every stage.

Lender	NRI Starting Rate (Nov 2026)	Max Tenure	Key Eligibility & POA Norms
Bank of Baroda / Canara Bank	7.40% – 7.50% p.a.	Up to 30 years	Valid Indian passport/OCI, min 2 years overseas employment, local resident POA holder
State Bank of India (SBI NRI)	7.50% p.a.	Up to 30 years	Minimum monthly net income USD 1,500 (or equivalent); NRE/NRO auto-debit mandate
Bajaj Housing Finance	7.50% – 8.15% p.a.	Up to 30 years	Salaried NRIs in approved countries; fast digital KYC & sanction
HDFC Bank NRI Home Loan	8.00% p.a.	Up to 30 years	Dedicated NRI desks in UAE, US, UK, Singapore; up to 80%–85% LTV
ICICI Bank / Axis Bank	8.00% – 8.75% p.a.	Up to 25–30 years	Online POA template and doorstep document collection in select global hubs

How to Get the Lowest Home Loan Interest Rate in November 2026

With the RBI repo rate at 5.50%, the spread between a prime borrower (7.40% p.a.) and a sub-700 CIBIL borrower (9.10%+ p.a.) exceeds 170 bps — worth over ₹13.4 lakh in extra interest on a ₹50 lakh 20-year loan.

Action Lever	Rate Saving Impact	Why It Works in November 2026
Push CIBIL Score to 800+	Saves 20 – 65 bps (0.20%–0.65%)	Union Bank (825+ / 800+), PNB (800+), and SBI reserve their 7.40%–7.50% floor for 800+ CIBIL
Register Woman as Co-Owner & First Applicant	Saves 5 bps (0.05%) + 1%–2% Stamp Duty	SBI, Canara Bank, BoB, PNB, and HDFC offer a 0.05% women borrower concession
Keep LTV Ratio at 75% or Below	Saves 10 – 15 bps	Loans with ≥25% down payment carry lower risk weights under RBI capital norms
Opt for Salaried Auto-Debit / Salary Account Tie-Up	Processing fee waiver (₹10,000–₹20,000 saved)	Public and private banks waive processing fees for corporate salary account holders
Make 1 Extra EMI Prepayment Every Year	Cuts 20-year tenure by ~3.5 years	Zero prepayment penalty on individual floating-rate home loans

Common Mistakes to Avoid When Applying for a Home Loan

Avoiding these six underwriting errors protects your CIBIL score and prevents delays between property token payment and loan disbursement.

Common Mistake	Financial Impact	Correct Strategy
Submitting applications to 4–5 banks simultaneously	Each bank pulls a hard CIBIL enquiry, dropping score by 15–30 points	Compare live sanctions through Ambak with a single profile evaluation
Ignoring the external benchmark reset cycle	Some lenders reset rates quarterly while others take 6 months	Verify the exact repo-linked EBLR/RLLR spread in your Sanction Letter
Counting variable bonuses as 100% fixed income	Banks hair-cut annual/performance bonuses by 50%	Calculate FOIR using fixed net monthly take-home pay
Overlooking builder subvention or unapproved floor plans	Technical valuation rejects unapproved deviations	Verify RERA registration and sanctioned plan before paying booking money
Choosing a 30-year tenure without a prepayment plan	Total interest exceeds 150% of principal borrowed	Use a 20–30 year tenure for cash-flow safety, then prepay 5% principal annually

Latest Home Loan News and RBI Policy Updates — November 2026

Key regulatory, monetary policy, and lender rate revisions shaping Indian home loans as of November 2026:

Impact of the 25 bps RBI repo rate hike to 5.50% on ₹30 lakh to ₹1.5 crore floating-rate home loans, showing monthly EMI increase and tenure extension. — Impact of the 7 October 2026 RBI Repo Rate Hike (5.25% → 5.50%) on Home Loan EMIs and Tenures in November 2026

Date / Policy Event	Verified Update (November 2026)	Impact on Home Loan Borrowers
7 October 2026 — RBI MPC Decision	RBI raised the policy repo rate by 25 bps from 5.25% to 5.50% (SDF 5.25%, MSF 5.75%) with a "calibrated tightening" stance	First repo hike since Feb 2023; repo-linked home loan benchmarks rose by 25 bps
8–15 October 2026 — Bank EBLR/RLLR Revisions	BoB (BRLLR 8.15%), Union Bank (EBLR 8.25%), Canara (RLLR 8.25%), PNB (RLLR 8.35%), and SBI (EBLR 8.15% w.e.f. 15 Oct 2026) updated benchmarks	Lowest PSU starting rates moved from 7.15%–7.25% to 7.40%–7.50% p.a. in November 2026
1 January 2026 — RBI Prepayment Directions	Zero foreclosure/prepayment charges mandated on floating-rate loans sanctioned or renewed to individuals	Borrowers can prepay lump sums or switch lenders via balance transfer at zero penalty
1 April 2026 — Income-tax Act, 2025 Effective	Replaces the 1961 Act for FY 2026-27 (AY 2027-28); retains ₹2L interest and ₹1.5L principal deductions under Old Regime	Joint co-owners continue to enjoy up to ₹7 lakh combined annual tax deduction
2024–2029 — PMAY-U 2.0 ISS Rollout	4% interest subsidy on first ₹8 lakh loan (max ₹1.80 lakh) active for EWS/LIG/MIG (income ≤₹9L)	Reduces effective borrowing cost on affordable homes below ₹35 lakh

Home Loan Comparison Tools and Calculators (November 2026)

Plan your EMI, maximum sanction limit, prepayment savings, and balance transfer benefit using Ambak's interactive November 2026 calculators:

Calculator Tool	What It Calculates	Direct Link
Home Loan EMI Calculator	Monthly EMI, total interest, and year-by-year amortisation schedule at 7.40%–9.50%	Open EMI Calculator
Home Loan Eligibility Calculator	Maximum loan sanction based on net monthly income, FOIR, age, and CIBIL score	Open Eligibility Calculator
Home Loan Prepayment Calculator	Months shaved off tenure and interest saved from lump-sum part-payments	Open Prepayment Calculator
Home Loan Balance Transfer Calculator	Net interest savings after processing fee when switching from 8.50%+ to 7.40%	Open Balance Transfer Calculator
SBI / HDFC / Bajaj Bank EMI Calculators	Bank-specific EMI & CIBIL slab calculators for 35+ lenders	SBI \| HDFC \| Bajaj

Home Loan FAQs — November 2026

Frequently asked questions on Indian home loan interest rates, RBI repo rate transmission, eligibility, and subsidies as of November 2026:

Question	Verified Answer (November 2026)
What is the current RBI repo rate in November 2026?	The RBI repo rate is 5.50% in November 2026. The Monetary Policy Committee raised the repo rate by 25 basis points from 5.25% to 5.50% on 7 October 2026, with the SDF at 5.25% and MSF at 5.75%.
Which bank has the lowest home loan interest rate in November 2026?	Union Bank of India, Bank of Baroda, and Canara Bank offer the lowest starting home loan interest rate at 7.40% p.a. in November 2026 for borrowers with a CIBIL score of 800+, followed by PNB and Central Bank of India at 7.45% p.a., and SBI and Bajaj Housing Finance at 7.50% p.a.
What is the monthly EMI for a ₹50 lakh home loan in November 2026?	At the lowest PSU rate of 7.40% p.a. for 20 years, the monthly EMI on a ₹50 lakh home loan is ₹39,974. At SBI/Bajaj's 7.50% p.a., the 20-year EMI is ₹40,280, and at HDFC/Axis Bank's 8.00% p.a., it is ₹41,822.
Are there any prepayment or foreclosure charges on floating-rate home loans?	No. Under RBI rules, banks and HFCs cannot charge prepayment or foreclosure penalties on floating-rate home loans sanctioned to individual borrowers for non-business purposes.
How much subsidy can I get under PMAY Urban 2.0 in 2026?	Under the PMAY-U 2.0 Interest Subsidy Scheme (ISS), eligible EWS, LIG, and MIG households earning up to ₹9 lakh per year get a 4% interest subsidy on the first ₹8 lakh of loan amount (up to 12 years), capped at ₹1.80 lakh for homes costing up to ₹35 lakh (loan up to ₹25 lakh).
What is the maximum home loan tenure available in India?	Most banks offer up to 30 years (subject to maximum age 60–70 at maturity), while Bajaj Housing Finance offers home loan tenures up to 40 years for eligible salaried applicants aged 23 and above.

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Central bank of IndiaPublic sector bank7.25%

State Bank of IndiaPublic sector bank7.25%

Punjab National BankPublic sector bank7.45%

HDFC BankPublic sector bank7.50%

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More CIBIL information on Product

Other Loan Options

NRI Home Loan

Plot Loan

Home Construction Loan

Home Repair Loan

Home Loan Balance Transfer

Home Loan Top Up

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Tools to Plan
Your Home Loan

Loan Amount

50L75L1Cr3Cr5Cr

Latest Interest Rate (% p.a)

5 10152025

Total Tenure (Years)

110 2030

Monthly EMI

₹62,505

Principal Amount

₹80,00,000

Total Interest

₹70,01,206

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Loans by Banks/NBFCs

Central bank of India

Rate of Interest

7.25% - 8.5%*

Tenure

Upto 20 Years

Benefits

Affordable home loan interest rates for salaried and self-employed
Reliable PSU bank with wide branch network
Simple documentation and transparent process

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

Union bank of India

Tenure

Upto 20 Years

Benefits

Competitive interest rates on home loans
Extensive branch network across India
Flexible repayment and balance transfer facility

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

State Bank of India

Rate of Interest

7.25% - 8.65%*

Tenure

Upto 20 Years

Benefits

Flexible EMI and co-applicant options
Loan quantum based on EMI/NMI ratio
Online application and eligibility check

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Personal Loan Against Property
Privilege Home Loan for Govt Employees
Regular Home Loan

Punjab National Bank

Rate of Interest

7.45% - 8.05%*

Tenure

Upto 20 Years

Benefits

For some cases
prepayment on floating rate is nil (for property in individual name & non-business purpose).
Low processing fees of 0.75%

Max Loan Amount

Up to 90% of property value

Product types offered

Balance transfer
Home Construction Loan
Home Extension Loan
Loan Against Property
NRI Home Loan
Regular Home Loan
Top-up Loan

HDFC Bank

Rate of Interest

7.5% - 8.35%*

Tenure

Upto 20 Years

Benefits

Assistance at every step for timely fund disbursal
Attractive interest rates starting from 7.20% p.a
Paperless and digital loan process

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
Top-up Loan

ICICI Bank

Rate of Interest

7.7% - 9.2%*

Tenure

Upto 20 Years

Benefits

Competitive fixed interest rates
Flexible tenure and repayment options
Instant provisional sanction

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
Top-up Loan

Bajaj Housing Finance

Rate of Interest

7.85% - 8.4%*

Tenure

Upto 20 Years

Benefits

Additional top-up loan up to ₹1 crore
Flexible repayment tenure up to 32 years
High loan amount up to ₹15 crore with 90% property funding

Max Loan Amount

Up to 90% of property value

Product types offered

Home Loan Balance Transfer
Home Loan for Professionals
Loan Against Property
Regular Home Loan
Top-up Loan

Bank of Baroda

Rate of Interest

7.4% - 9.15%*

Tenure

Upto 20 Years

Benefits

Competitive interest rates on home loans
Simple home loan balance transfer process
Wide branch and service network

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

UCO Bank

Rate of Interest

7.4% - 9.5%*

Tenure

Upto 20 Years

Benefits

Flexible repayment tenure of up to 30 years.
Loan amount up to 90% of property value can be availed.
Rates starting from 7.15% p.a. for high-credit borrowers

Max Loan Amount

Up to 90% of property value

Product types offered

Balance transfer
Home Construction Loan
Home Extension Loan
Loan Against Property
NRI Home Loan
Regular Home Loan
Top-up Loan

Federal Bank

Tenure

Upto 20 Years

Benefits

Competitive interest rates for home buyers
Flexible tenure and Repayment options
Personalized home loan solutions

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

IDBI Bank

Tenure

Upto 20 Years

Benefits

Attractive home loan interest rates
Simple and transparent loan structure
Trusted banking partner for long-term loans

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

L&T Housing Finance

Tenure

Upto 20 Years

Benefits

Competitive home loan rates for salaried and self-employed
Expertise in housing finance solutions
Higher loan eligibility and flexible tenure

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

IDFC First Bank

Tenure

Upto 20 Years

Benefits

Attractive interest rates starting at 7.8% p.a
Customized loan offers based on customer profile
End-to-end digital application and approval process

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
Top-up Loan

Kotak Bank

Tenure

Upto 20 Years

Benefits

Competitive interest rates
Digital application process
Flexible EMI options

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer Home Loan
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
Top-up Loan

Induslnd Bank

Tenure

Upto 20 Years

Benefits

Competitive interest rates for salaried & self-employed applicants
Quick loan processing with minimal documentation
Tailored home loan solutions with flexible repayment options

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

ICICI HFC

Tenure

Upto 20 Years

Benefits

Affordable housing and home loan options
Flexible tenure with easy eligibility
Focus on first-time home buyers

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

PNB Housing Finance

Rate of Interest

8.75% - 8.75%*

Tenure

Upto 20 Years

Benefits

Attractive interest rates
Funding up to 90% of property value
Home loan tenure up to 30 years

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
Top-up Loan

IIFL

Tenure

Upto 20 Years

Benefits

Attractive balance transfer offers
Fast home loan approval and disbursal
Flexible eligibility for self-employed borrowers

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

Easy Home Finance

Tenure

Upto 20 Years

Benefits

Flexible co-applicant options
Industry leader for affordable financing
Quick approvals with simplified documentation

Max Loan Amount

Up to 85% of property value

Product types offered

Balance Transfer
Home Construction Loan
Regular Home Loan
Top-up Loan

Hero Housing Finance

Tenure

Upto 20 Years

Benefits

Designed for first-time home buyers and low-income groups
Easy eligibility criteria with fast approvals
Personalized customer support & advisory services

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

AU Small Finance Bank

Tenure

Upto 20 Years

Benefits

Competitive home loan interest rates
Faster approvals with simplified documentation
Strong presence in emerging cities and towns

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

Piramal Finance

Tenure

Upto 20 Years

Benefits

Competitive pricing with transparent terms
Customized financing solutions for diverse customer segments
Dedicated relationship managers for seamless service

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

GIC Housing Finance

Tenure

Upto 20 Years

Benefits

Attractive interest rates for both purchase & construction loans
Customer-centric home loan products with flexible tenure
Options for balance transfer and top-up enhancements

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

Aadhar Housing Finance

Rate of Interest

8.99% - 10.99%*

Tenure

Upto 20 Years

Benefits

Diverse product range including home improvement loans
Quick turnaround time from application to disbursal
Simple eligibility with support for informal income groups

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

Jio Finance

Tenure

Upto 20 Years

Benefits

Competitive rates with flexible repayment terms
Digital-first loan experience with fast approvals
Seamless online application and tracking

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

Ujjivan Small Finance Bank

Tenure

Upto 20 Years

Benefits

Affordable interest rates with easy EMI options
Focus on customer convenience and local accessibility
Inclusive home loan products tailored for underserved segments

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

Godrej Housing Finance

Tenure

Upto 20 Years

Benefits

Competitive pricing with flexible tenure choices
Customized home loan solutions for urban & semi-urban buyers
Efficient processing with personalized support

Max Loan Amount

Up to 90% of property value

Product types offered

Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home loan
Top Up Loan

Samman Capital

Tenure

Upto 20 Years

Max Loan Amount

Up to 90% of property value

DMI Housing Finance

Tenure

Upto 20 Years

Max Loan Amount

Up to 90% of property value

Aditya Birla Housing Finance

Tenure

Upto 20 Years

Benefits

Competitive interest rates on home loans
Flexible repayment and tenure options
Trusted brand with digital-first process

Max Loan Amount

Up to 90% of property value

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Lowest rates @7.25%

Sanction in just 48 hours*

Support during & after loan

Loans by Banks/NBFCs

Central bank of India

Union bank of India

State Bank of India

Punjab National Bank

HDFC Bank

ICICI Bank

Bajaj Housing Finance

Bank of Baroda

UCO Bank

Federal Bank

IDBI Bank

L&T Housing Finance

IDFC First Bank

Kotak Bank

Induslnd Bank

ICICI HFC

PNB Housing Finance

IIFL

Easy Home Finance

Hero Housing Finance

AU Small Finance Bank

Piramal Finance

GIC Housing Finance

Aadhar Housing Finance

Jio Finance

Ujjivan Small Finance Bank

Godrej Housing Finance

Samman Capital

DMI Housing Finance

Aditya Birla Housing Finance

News and guides to help you buy smarter

Lower interest rates than your pre-approved offer?

Lower rate available for you

What is a Home Loan

Home Loan Interest Rates in India — November 2026

Types of Home Loans Available in India (November 2026)

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Documents Required for Home Loan in India (November 2026)

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Tools to Plan
Your Home Loan

Tools to Plan
Your Home Loan