Top 5 Banks Home Loan Interest Rates

Top 5 Banks Home Loan Interest Rates

Compare affordable interest rates from the top 5 banks. Get the best home loan interest rates that will be flexible for customers. The 8.40% annual interest rate is budget-friendly for everyone. Check updated top 5 banks’ home loan interest rates.

The Top 5 Banks Home Loan Interest Rates

BanksMinimum InterestMaximum Interest
HDFC Bank8.55 % p.a.9.60% p.a.
ICICI Bank9.25% p.a.10.05% p.a.
Kotak Mahindra Bank8.70% p.a.8.75% p.a.
Bank of Baroda8.40% p.a.10.60% p.a.
Punjab National Bank9.40% p.a.11.10% p.a.


Taking a home loan from HDFC Bank is more affordable with the latest interest rate. HDFC Bank’s home loan interest rate starts at 8.55% to 9.60% per annum. But the borrower’s credit score must be good is 760 to 800 required.

CategorySalaried Person (ROI)Self Employed (ROI)
Special Home Loan Interest8.55% – 9.10% p.a.8.55% – 9.10% p.a.
Slandered Home Loan Interest8.90% – 9.60% p.a.8.90% – 9.60% p.a.

Also Read: Make Dream Home at Home Loan


Enjoy minimum home loan interest rates through ICICI Bank. A credit score of 800 obtains an ICICI Bank home loan at a 9.00% annual rate. But a credit score lower than 800 will get 9.10% which is applied for self-employed customers.

Loan AmountSalaried Person (ROI)Self Employed (ROI)
Up to 35 Lakhs9.25% – 9.65% p.a.9.40% – 9.80% p.a.
35 Lakhs to 75 Lakhs9.50% – 9.80% p.a.9.65% – 9.95% p.a.
Above 75 Lakhs9.60% – 9.90% p.a.9.75% – 10.05% p.a.

Kotak Mahindra Bank

One of the popular lenders Kotak Mahindra Bank offers affordable home loan interest. A decent credit score with a salaried person obtains a home loan at 8.70% ROI and a self-employed person gets a loan at an 8.75% annual rate.

LenderSalaried Person (ROI)Self Employed (ROI)
Kotak Mahindra Bank8.70% onward p.a.8.75% onward p.a.

Bank of Baroda

The interest rate must be flexible with the Bank of Baroda home loan. Salaried and non-salaried persons get an 8.40% to 10.60% interest rate annually. A credit score of 800+ must obtain a home loan at a cheap rate.

LenderSalaried Person (ROI)Self Employed (ROI)
Bank of Baroda8.40% – 10.60% p.a.8.40% – 10.60% p.a.

Also Read: Get Personal Loan for Home Renovation

Punjab National Bank

The housing loan from PNB (Punjab National Bank) is a more affordable rate. Enjoy interest from 9.40% to 11.10% yearly. Borrower credit score and LTV (Loan to Value) ratio decide your interest rate. If your credit is 800 or above and the LTV ratio is more than 80%, your interest will be 9.40% p.a.

LenderSalaried Person (ROI)Self Employed (ROI)
Punjab National Bank9.40% – 11.10% p.a.9.40% – 11.10% p.a.

FAQs on Home Loan Interest

Which bank offers cheap home loan interest rates?

Banks such as HDFC Bank and Bank of Baroda provide cheap interest rates. HDFC offers 8.55% to 9.60% and Bank of Baroda offers 8.40% to 10.60% house loan interest.

How much does CIBIL score offer cheap home loan interest?

The CIBIL score of 800+ provides a lower ROI (Rate of Interest) on home loan interest.

What is the home loan interest at Kotak Mahindra Bank?

Kotak Mahindra Bank provides interest of 8.70% to 8.75% p.a. on housing loans for salaried and non-salaried persons.

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