How much difference does the rate make?
On a ₹50 lakh loan over 20 years, the EMI at 7.15% is ₹39,216; at 7.8% it is ₹41,202. Over 240 months, that gap adds up to about ₹4,76,494. Click any EMI to open it in our home loan EMI calculator and see what prepayments would save.
Questions people ask
Why will my home loan rate change after an RBI decision?
Most new home loans are linked to the repo rate (an external benchmark). When the RBI changes the repo rate, your rate changes at the next reset, usually within three months. The RBI raised the repo rate from 5.25% to 5.5% on 7 Oct 2026.
Will I get the starting rate?
Lenders give their lowest rates to borrowers with high credit scores, stable income and a smaller loan compared with the property value. Your offer may be higher.
Should I switch my loan to another lender?
If another lender offers a rate at least 0.5% lower and you have many years left, a balance transfer can save a lot, but count the processing fee and legal costs first.
About these rates
We check these rates against public sources and update this page when they change. They are for information only, not a recommendation of any bank or scheme. Always confirm the current rate with the bank or post office before you invest or borrow.