Current Home Mortgage Interest Rates as of August 15, 2025
Current Home Loan Interest Rates in India for August 2025
Home loan interest rates in India for August 2025 are as follows:
Floating Interest Rates
Public sector banks like Bank of India, Union Bank of India, and Central Bank of India offer floating home loan rates starting at around 7.35% per annum, with rates going up to around 10.10% or more depending on creditworthiness. Private banks, such as ICICI Bank, start at 7.70% per annum and can go up to around 15%, with HDFC Bank at about 7.90%.
Fixed Interest Rates
Fixed home loan rates from banks like Bank of India range roughly from 10.65% to 12.15% per annum, higher than floating rates due to rate stability offered.
Housing Finance Companies
Housing finance companies like Bajaj Finserv offer home loans starting at about 7.35% for salaried individuals and 7.85% for self-employed, with rates going as high as 18% depending on the borrower's category and risk profile.
Other Banks and Lenders
Some banks like Kotak Mahindra Bank offer floating interest rates of 7.99%, while Axis Bank offers fixed interest rates of 14.00%. Housing finance companies like Tata Capital offer floating interest rates of above 7.75% and IOB offers floating interest rates of 7.35-8.45%.
Other Factors
Loan features such as borrower profile, loan amount, tenure, and linked insurance can result in concessional rate discounts of 0.05–0.10 percentage points in some banks. Fixed interest rates may be subject to a revision after a specified tenure depending on the bank's terms and conditions.
In summary, if you are seeking a home loan in India currently, you can expect:
| Loan Type | Interest Rate Range (p.a.) | Typical Lenders | |---------------------|----------------------------------|---------------------------------------| | Floating (Public) | 7.35% to ~10.10%+ | Bank of India, Union Bank, SBI, PNB | | Floating (Private) | 7.70% to 15%+ | ICICI, HDFC, Kotak, Axis Bank | | Fixed | ~10.65% to 12.15% | Bank of India, some public sector banks| | Housing Finance Cos | 7.35% to 18% (varies by profile)| Bajaj Finserv, others |
Borrowers should compare offers closely based on their credit score, loan size, tenure, and any linked benefits to get the best rate available.
Personal finance is crucial when deciding on a home loan in India, as it can help you understand the varying interest rates. Investing in a suitable lender is key; for instance, if you're looking for a floating rate home loan, consider banks like ICICI or public sector banks offering rates of up to 10.10% per annum, while self-employed individuals might find lower rates with housing finance companies like Bajaj Finserv, starting at around 7.85%. Remembers, personal-finance management is vital to securing the best rate for your home loan.
