The RBI has held the repo rate at 5.25% through 2026, after a cumulative 125 basis points of cuts during 2025. The Monetary Policy Committee left the rate unchanged at its August 2026 review and retained a neutral stance, so home loan rates have stayed at multi-year lows.
Public sector banks continue to lead on price. Rates below are the starting rates on Ambak's lender panel as of September 2026 and apply to borrowers with a credit score of 750 or above.
|
Bank / HFC |
Starting Rate (p.a.) |
Rate Range (p.a.) |
Processing Fee |
Key Note |
|
Union Bank Of India |
7.10% |
7.10% - 10.00% |
Rs. 17,700 + GST |
Lowest in our panel; women concession available |
|
Bank Of India |
7.10% |
7.10% - 9.25% |
Rs. 15,000 + GST |
Full repo benefit passed on to borrowers |
|
Canara Bank |
7.15% |
7.15% - 9.25% |
Rs. 15,000 + GST |
Up to 90% financing on eligible properties |
|
Uco Bank |
7.15% |
7.15% - 9.25% |
Rs. 15,000 + GST |
Competitive for salaried applicants |
|
Central Bank Of India |
7.20% |
7.20% - 8.70% |
0.5% + GST |
Percentage-based processing fee |
|
Hdfc Bank |
7.20% |
7.20% - 9.50% |
On request |
Digital process, balance transfer friendly |
|
Bajaj Housing Finance |
7.20% |
7.20% - 9.50% |
Rs.10,000 + GST |
Low flat processing fee |
|
State Bank Of India |
7.25% |
7.25% - 9.50% |
Rs.15,000 + GST |
Concessions for women and government employees |
|
Punjab National Bank |
7.25% |
7.25% - 9.35% |
Waived |
Processing fee waived on current offer |
|
Bank Of Baroda |
7.30% |
7.30% - 9.50% |
Rs.11,800 |
Top-up options on existing loans |
|
Axis Bank |
7.35% |
7.35% - 9.00% |
Rs.10,000 + GST |
Wide branch and digital coverage |
|
Indian Overseas Bank |
7.35% |
7.35% - 10.00% |
Rs. 15,000 + GST |
Full repo benefit passed on |
|
Icici Bank |
7.50% |
7.50% - 9.50% |
5,000 + GST |
Instant in-principle approval |
|
Kotak Bank |
7.70% |
7.70% - 9.70% |
0.30%(below 50 lacs), 10000+gst(above 50 lacs) |
Slab-based processing fee |
Your final rate depends on credit score, loan amount, tenure, employment type and the property itself. Floating-rate loans are linked to the repo rate, so any future RBI move passes through at the next reset.
