Which banks are giving lowest home loan interest rates?:Things to consider if you want to strike a good deal with lenders

Home loan starting interest rates at some of the country’s major banks currently range from 7.00% to 7.45%. Bank of Maharashtra is offering home loans at the lowest starting rate of 7.00%, while the country’s largest public-sector bank, SBI, is starting its interest rates at 7.25%. It is important to compare banks’ interest rates when taking a home loan, because even a difference of 0.25% or 0.50% over a loan tenure of 20 to 25 years can save lakhs. Bank Interest Rates: Where Can You Get the Cheapest Loan? Note: These starting interest rates are based on September 2026 figures. Your actual interest rate depends on your credit score and profile. How much difference will a ₹50 lakh loan make over 25 years? The monthly difference between 7.00% and 7.25% is only ₹801, but over the total repayment period of 25 years, this difference increases to ₹2.40 lakh. The monthly difference between 7.00% and 7.45% is ₹1,448, but over the total repayment period of 25 years, this difference increases to ₹4.34 lakh. Be sure to check the processing fee and hidden charges as well Processing fee and other charges for a home loan: Banks often waive processing fees under promotional offers, so check all charges in the written offer before applying. Keep these three things in mind when taking a home loan: