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Home Loan

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Interest Rate

8%* Per Annum Onwards

Insurance Fees

Premium Range: 0.5% to 2% of the loan amount.

Loan Tenure

Near 30 Years

Processing Fees

1% Of Loan Amount

Home Loan Interest Rates 2025: Compare SBI, HDFC & Other Banks

Buying a home is a major financial decision, and securing the best home loan interest rate is crucial. In 2025, leading banks like SBI, HDFC, ICICI, Axis Bank, and others offer competitive rates to attract homebuyers. This guide covers home loan interest rates, eligibility, online application process, and tips for getting the lowest rates.

Latest Home Loan Interest Rates in 2025

Home loan interest rates vary based on factors like credit score, loan amount, employment type, and tenure. Below is a comparison of interest rates offered by top banks in India.

Home Loan Interest Rate Comparison (2025)

Bank Name Interest Rate (Floating) Interest Rate (Fixed) Processing Fee
SBI 8.35% - 9.50% 9.75% 0.35% - 1%
HDFC 8.50% - 9.40% 9.60% 0.50% - 1%
ICICI 8.45% - 9.55% 9.80% 0.50% - 1%
Axis 8.60% - 9.65% 9.90% 0.50% - 1%
PNB 8.40% - 9.60% 9.70% 0.35% - 1%

Note: Interest rates depend on borrower profile, loan amount, and tenure.

Factors Affecting Home Loan Interest Rates

Several factors impact the interest rate you get on a home loan:

  1. Credit Score: A score of 750+ increases chances of lower interest rates.

  2. Loan Amount: Higher loan amounts may have slightly higher rates.

  3. Employment Type: Salaried individuals often get better rates than self-employed applicants.

  4. Loan Tenure: Shorter tenures may attract lower interest rates.

  5. Banking Relationship: Existing customers of a bank may receive preferential rates.

Home Loan Eligibility Criteria

To qualify for a home loan in 2025, applicants must meet the following requirements:

  • Age: 21 - 65 years

  • Employment Type: Salaried or self-employed

  • Minimum Income: ?25,000 per month (varies by bank)

  • Credit Score: 700+ preferred

  • Loan-to-Value (LTV) Ratio: Up to 80% - 90% of property value

Eligibility Calculator: Use online home loan eligibility calculators provided by banks to estimate your loan eligibility.

How to Apply for a Home Loan Online?

Step-by-Step Online Application Process:

  1. Compare Interest Rates: Use bank websites or financial aggregators.

  2. Check Eligibility: Use online loan eligibility calculators.

  3. Fill Application Form: Enter personal, financial, and property details.

  4. Upload Documents: PAN, Aadhaar, income proof, property details, etc.

  5. Get Loan Approval: Bank verifies details and processes your application.

  6. Loan Disbursal: Upon approval, the loan amount is credited to your account.

Tips to Get the Lowest Home Loan Interest Rate

  • Maintain a high credit score (750+).

  • Opt for a shorter loan tenure.

  • Compare and negotiate processing fees.

  • Check for government subsidies (PMAY for first-time buyers).

  • Consider a balance transfer if your existing loan has higher rates.

Conclusion

Securing the best home loan interest rate in 2025 requires careful comparison and planning. SBI, HDFC, ICICI, and other banks offer competitive rates, and with the right approach, you can secure a home loan that suits your financial needs. Compare, apply online, and make your dream home a reality!

 

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