Loan interest rates in India
The starting rates major banks and housing finance companies publish, with the date we checked each one and a link to the source. The RBI repo rate is 5.50%, raised from 5.25% on 7 Oct 2026.
Home Loan interest rates
Starting rates (p.a.) as on 13 Oct 2026. After the October repo hike.
| Lender | Starting rate (p.a.) |
|---|---|
| LIC Housing Finance | 7.15% |
| State Bank of India | 7.25% |
| Bank of India | 7.35% |
| Canara Bank | 7.40% |
| Federal Bank | 7.40% |
| HDFC Bank | 7.45% |
| Punjab National Bank | 7.45% |
| Bajaj Housing Finance | 7.45% |
| Axis Bank | 7.55% |
| Punjab & Sind Bank | 7.55% |
| ICICI Bank | 7.70% |
| IDBI Bank | 7.75% |
| IDFC FIRST Bank | 7.80% |
EMI example: a ₹50 lakh Home Loan over 20 years at 7.15% costs about ₹39,216 a month. Use the EMI calculator for your own figures.
Paying more than these rates? See whether switching lenders lowers your EMI.Call 099108 50208 or WhatsApp us
Personal Loan interest rates
Starting rates (p.a.) as on 14 Oct 2026.
| Lender | Starting rate (p.a.) | Processing fee |
|---|---|---|
| Bandhan Bank | 8.86% | Up to 3% |
| Indian Bank | 9.00% | Up to 1% |
| Union Bank of India | 9.15%–12.90% | Up to 1% |
| Punjab & Sind Bank | 9.90% | 0.50%–1% |
| Kotak Mahindra Bank | 9.95% | Up to 5% |
| Canara Bank | 9.95%–16.00% | Up to 0.50% |
| HDFC Bank | 9.99% | Up to ₹6,500 |
| ICICI Bank | 9.99% | Up to 2.5% |
| Axis Bank | 9.99% | Up to 2% |
| IDFC FIRST Bank | 9.99% | Zero |
| State Bank of India | 10.00% | Up to 1.50% |
| Bank of Baroda | 10.40% | Up to 2% |
| Bajaj Finance | 10.00%–30.50% | Up to 1.2% |
EMI example: a ₹5 lakh Personal Loan over 5 years at 8.86% costs about ₹10,345 a month. Use the EMI calculator for your own figures.
Paying more than these rates? See whether switching lenders lowers your EMI.Call 099108 50208 or WhatsApp us
What changed after the October repo hike
Floating-rate loans are priced as the bank's repo-linked lending rate (RLLR) plus a spread for the borrower. These banks raised their RLLR by 0.25% within a day of the hike, so their repo-linked loans cost 0.25% more at the next reset.
| Bank | RLLR before | RLLR now | Effective |
|---|---|---|---|
| Punjab National Bank | 8.10% | 8.35% | 8 Oct 2026 |
| Bank of India | 8.10% | 8.35% | 7 Oct 2026 |
| Indian Overseas Bank | 8.10% | 8.35% | 8 Oct 2026 |
| Indian Bank | 7.95% | 8.20% | 8 Oct 2026 |
| Bank of Baroda | 7.90% | 8.15% | 8 Oct 2026 |
Working capital (cash credit and overdraft) is priced the same way: the bank's benchmark rate plus a spread for your business. Read what the hike means for your EMI in Rate Watch.
Rates shown are the starting rates published by each lender on the date shown, for informational purposes only. They are not loan offers. Your actual rate depends on the lender's assessment of your credit score, income, property and loan amount. BizzBuddy is a loan facilitation and advisory platform, not a lender; every credit decision is made by the lender.