SBI 8.50–9.25% | HDFC 8.55–9.30% | ICICI 8.60–9.35% (floating). Women & CIBIL>750 get 0.05% concession.
₹30 lakh @8.5% for 20 yrs → EMI ≈ ₹26,040. Use our online EMI calculator for exact figures.
First‑time buyers with annual income ≤₹18L can get up to ₹2.67L interest subsidy under CLSS. Valid till 2026.
Sec 24: up to ₹2L interest deduction. Sec 80C: principal up to ₹1.5L. Additional ₹1.5L interest for first‑time buyers (sec 80EEA).
| Bank | Floating rate (p.a.) | Fixed rate (p.a.) | Processing fee |
|---|---|---|---|
| SBI | 8.50% – 9.25% | 9.00% – 9.75% | 0.35% + GST |
| HDFC Ltd. | 8.55% – 9.30% | 9.10% – 9.85% | 0.50% (max ₹3,000) |
| ICICI Bank | 8.60% – 9.35% | 9.15% – 9.90% | 0.50% up to ₹5,000 |
| PNB Housing | 8.65% – 9.40% | 9.20% – 9.95% | 0.25% – 0.50% |
| Bank of Baroda | 8.55% – 9.30% | 9.05% – 9.80% | 0.25% (waived for women) |
*Rates depend on credit score, loan amount, and LTV. Updated from bank websites Apr 2026.
EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]
P = loan amount, R = monthly interest rate, N = tenure in months.
Quick factor: For 8.5% p.a., EMI per lakh for 20 yrs ≈ ₹868. Use our precise EMI calculator.
| Section | Deduction | Old regime | New regime |
|---|---|---|---|
| Sec 80C | Principal repayment | Up to ₹1.5L | Not available |
| Sec 24(b) | Interest on self‑occupied | Up to ₹2L | Up to ₹2L |
| Sec 24(b) | Interest on let‑out | Actual (no cap) | Actual (no cap) |
| Sec 80EEA | First‑time buyer (additional interest) | Up to ₹1.5L (if loan sanctioned in 2026-27)* | Not available |
*Sec 80EEA available for first‑time home buyers where loan sanctioned in FY 2026-27 and stamp value ≤ ₹45L. Subject to conditions.
Credit Linked Subsidy Scheme (CLSS) for EWS/LIG/MIG. Interest subsidy up to ₹2.67L for 20-yr loan. MIG income上限: ₹18L/yr. Valid till 2026 (extension expected).
Many state governments offer stamp duty exemption for first‑time women buyers (e.g., Maharashtra, Karnataka). Check local stamp duty act 2026.
Use online calculators, check CIBIL
KYC, income docs, property papers
Bank assesses property & legal title
Loan sanction letter, rate lock
Registration, payment to builder/seller
Can I get a home loan with CIBIL below 700? Yes, but interest may be higher (9.5%–10.5%) and down payment might be larger.
What is the maximum tenure in 2026? Most banks offer up to 30 years, subject to age at loan maturity.
Are there any prepayment charges? For floating rate loans, no prepayment charges. For fixed rate, typically 2–4% on foreclosure.
How to switch banks for lower rate? You can apply for a balance transfer; banks usually charge 0.5% processing.
Every guide is fact‑checked and updated.
Latest rates, cut‑offs, and regulations.
Mobile‑friendly, study on the go.