SBI raises interest rates for home loans: Here's what hdfc bank, pnb, icici bank and others charge

SBI home loan: Interest rates for home loans in India vary by bank, with PNB starting from 7.45%, Canara Bank from 7.40%to 10.25%, and SBI has revised rates to 8.70%. Other banks such as HDFC and ICICI also offer competitive rates based on the loan amount and customer profile. SBI raises interest rates for home loans. (Reuters) SBI House Loan: India’s largest lender, State Bank of India, has revised its interest rates for home loans and home-related loans. On August 1, 2025. This rate review comes after the Reserve Bank of India (RBI) decided to hold its important benchmark interest rate policy. SBI home loan interest rate The interest rate for an ordinary home loan (term loan) is currently 7.50% to 8.70%, according to revised data. SBI increased the upper interest rate tape by 25 basis points to 8.70%, compared to 8.45% earlier, according to a report from the Economic Times. However, the lower limit of the home loan figures remained unchanged. While SBI interest rates are rising, we look at what other banks offer – HDFC Bank HDFC Bank offers home loans at interest rates from 7.90% PA. ICICI Bank ICICI Bank promises its customers at fixed and floating interest rates for an amount of £ 5, from 7.70%. The bank offers home loans to clients with different interest rates for salaries and independent individuals. The standard home loans interest rates are currently 8.75% -9.40% for salaries to a loan of £ 35 lakh and 8.75% -9.55% for independent individuals. For home loans in the £ 35 lakhs to £ 75 lakhs, interest rates are charged between 8.75% -9.55% for salaries and 8.75% -9.70% for independent customers. Home loans over £ 75 lakhs have an interest rate from 8.75% to 9.65%, 8.75% to 9.80% for salaries and independent employees respectively. Kotak Mahindra Bank The current home loan interest rate at Kotak Mahindra Bank starts at 7.99% per year. For existing customers switching from a floating rate to a fixed rate, the interest will be 12% per year. Bank of Baroda Bank Baroda offers home loans at interest rates ranging from 7.45% to 9.20% for both salaries and non-priced individuals. The interest rate will especially depend on the loan limit and the Cibil score of the applicants. In addition, a risk premium of 0.05% will be charged for clients who do not cover credit insurance. Punjab National Bank The bank charges an interest rate on home loans from 7.45%. PNB offers home loans at different interest rates based on the loan amount, Cibil score and tenure. Canara Bank Canara Bank offers home loans at an interest rate between 7.40 % to 10.25 %. What does rise in interest rates for home loan for customers mean? Any increase in the home loan interest rate will increase the borrowing costs for those taking a term loan at higher interest rates. Based on the client’s credit profile or creditworthiness, a higher interest rate would mean a slightly increased EMI. This increase will also affect the repayment burden by increasing the interest amount.