# Compare home loan rates across Indian banks for best mortgage 2026-08-20T19:37:54+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet State-backed lenders offer the lowest home loan rates, with Bank of Maharashtra and Central Bank of India starting at 7.00%, according to data from Paisabazar as of 19 August 2026. On a Rs 50 lakh loan over 30 years, an 8% rate costs about Rs 12.32 lakh more in total interest than a 7% rate. Bank of India starts at 7.10%, while Indian Bank and UCO Bank begin at 7.15%. Among private banks, South Indian Bank offers the lowest starting rate at 7.25%, followed by Federal Bank at 7.35% and HSBC Bank at 7.45%. ICICI Bank and Kotak Mahindra Bank start at 7.50% and 7.60% respectively. Rates vary by loan bracket, and advertised rates are baseline offers, banks customize final rates based on credit score, income, loan amount, tenure, and employment stability. ## Indian Opinion Analysis Home loan rates are at their most competitive in years, but the headline rate is rarely the rate you get. Banks reserve their lowest offers for salaried applicants with credit scores above 750, and even a small difference in score can push the final rate 50-100 basis points higher. For a Rs 50 lakh, 30-year loan, that translates to an extra Rs 5-10 lakh in interest over the tenure. Borrowers should check their credit report and fix any errors before applying. The next rate signal to watch is the RBI's repo rate decision, expected in early October. ## Coverage - livemint.com Presents a straightforward rate comparison table with no editorial slant or government advocacy. This story was synthesised by AI from the source linked above. Tags: HDFC Bank, ICICI Bank, Paisabazaar, Reserve Bank of India, State Bank of India Canonical: https://indianopinion.org/compare-home-loan-rates-across-indian-banks-for-best-mortgage/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/compare-home-loan-rates-across-indian-banks-for-best-mortgage/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/