Market Rates

Home Loan Interest Rates Guide

Understand how interest rates affect your EMI. Compare current repo-linked lending rates (RLLR) vs marginal cost of funds-based rates (MCLR).

Eligibility Criteria

Salary slips or ITR to determine risk profile.

6 months record to check financial habits.

Detailed CIBIL report fetched by the bank.

To assess Loan-to-Value (LTV) ratio.

SBI (Repo Linked)

HDFC Bank

ICICI Bank

Kotak Mahindra

Bank of Baroda

Axis Bank

Securing the lowest rate requires a mix of good credit health and negotiation.

Ensure your score is above 750. Clear outstanding credit card dues before applying.

Banks offer Repo Rate + Spread. Look for the lowest spread margin.

If you have a high income or are an existing customer, ask for a waiver on processing fees.

If your current rate is high, switch to a new lender offering lower rates.

How to Get the Best Rate

Securing the lowest rate requires a mix of good credit health and negotiation.

Ensure your score is above 750. Clear outstanding credit card dues before applying.

Banks offer Repo Rate + Spread. Look for the lowest spread margin.

If you have a high income or are an existing customer, ask for a waiver on processing fees.

If your current rate is high, switch to a new lender offering lower rates.