Home Loan Interest Rate Comparison: SBI vs HDFC vs ICICI vs Axis 2026

A home loan is a significant investment, and choosing the right lender can save you lakhs of rupees in interest payments over the loan tenure

In India, 2026, the home loan market is becoming increasingly competitive, with numerous banks and financial institutions offering attractive interest rates and flexible repayment options. With so many options available, it can be challenging for homebuyers to make an informed decision. A practical approach to choosing the best home loan is to compare the interest rates offered by different lenders. In this article, we will compare the home loan interest rates of SBI, HDFC, ICICI, and Axis Bank to help you find the best option for your dream home. The interest rates vary from 7.90% to 8.40% per annum, with loan amounts ranging from Rs. 10 lakhs to Rs. 10 crores

The home loan interest rate comparison is crucial because it can help you save a significant amount of money over the loan tenure. For instance, if you take a home loan of Rs. 50 lakhs for 20 years at an interest rate of 8.00% per annum, your monthly EMI will be around Rs. 38,703. However, if you opt for a lender offering an interest rate of 7.90% per annum, your monthly EMI will be around Rs. 37,914, resulting in a saving of around Rs. 789 per month. Over the loan tenure, this can translate to a saving of around Rs. 1.89 lakhs

SBI Home Loan Interest Rates 2026

The State Bank of India (SBI) is one of the largest lenders in India, offering home loans at competitive interest rates. The current home loan interest rates offered by SBI range from 7.90% to 8.40% per annum, depending on the loan amount and repayment tenure. For loan amounts up to Rs. 30 lakhs, the interest rate is 7.90% per annum, while for loan amounts above Rs. 30 lakhs, the interest rate is 8.00% per annum. SBI also offers a concession of 0.10% on the interest rate for women borrowers. The processing fee for SBI home loans is around 0.35% of the loan amount, subject to a minimum of Rs. 2,500 and a maximum of Rs. 10,000

• Interest rate: 7.90% to 8.40% per annum
• Loan amount: up to Rs. 10 crores
• Repayment tenure: up to 30 years

HDFC Home Loan Interest Rates 2026

HDFC Ltd. is another prominent lender in India, offering home loans at attractive interest rates. The current home loan interest rates offered by HDFC range from 8.00% to 8.50% per annum, depending on the loan amount and repayment tenure. For loan amounts up to Rs. 30 lakhs, the interest rate is 8.00% per annum, while for loan amounts above Rs. 30 lakhs, the interest rate is 8.20% per annum. HDFC also offers a concession of 0.10% on the interest rate for women borrowers. The processing fee for HDFC home loans is around 0.50% of the loan amount, subject to a minimum of Rs. 3,000 and a maximum of Rs. 10,000

• Interest rate: 8.00% to 8.50% per annum
• Loan amount: up to Rs. 10 crores
• Repayment tenure: up to 30 years

ICICI Home Loan Interest Rates 2026

ICICI Bank is a leading private sector lender in India, offering home loans at competitive interest rates. The current home loan interest rates offered by ICICI range from 8.10% to 8.60% per annum, depending on the loan amount and repayment tenure. For loan amounts up to Rs. 30 lakhs, the interest rate is 8.10% per annum, while for loan amounts above Rs. 30 lakhs, the interest rate is 8.30% per annum. ICICI also offers a concession of 0.10% on the interest rate for women borrowers. The processing fee for ICICI home loans is around 0.50% of the loan amount, subject to a minimum of Rs. 3,000 and a maximum of Rs. 10,000

• Interest rate: 8.10% to 8.60% per annum
• Loan amount: up to Rs. 10 crores
• Repayment tenure: up to 30 years

Axis Bank Home Loan Interest Rates 2026

Axis Bank is a prominent private sector lender in India, offering home loans at attractive interest rates. The current home loan interest rates offered by Axis range from 8.00% to 8.50% per annum, depending on the loan amount and repayment tenure. For loan amounts up to Rs. 30 lakhs, the interest rate is 8.00% per annum, while for loan amounts above Rs. 30 lakhs, the interest rate is 8.20% per annum. Axis also offers a concession of 0.10% on the interest rate for women borrowers. The processing fee for Axis home loans is around 0.50% of the loan amount, subject to a minimum of Rs. 3,000 and a maximum of Rs. 10,000

• Interest rate: 8.00% to 8.50% per annum
• Loan amount: up to Rs. 10 crores
• Repayment tenure: up to 30 years

Comparison of Home Loan Interest Rates 2026

The comparison of home loan interest rates offered by SBI, HDFC, ICICI, and Axis Bank is crucial to make an informed decision. The interest rates vary from 7.90% to 8.60% per annum, depending on the lender, loan amount, and repayment tenure. The processing fees also vary from 0.35% to 0.50% of the loan amount, subject to a minimum of Rs. 2,500 and a maximum of Rs. 10,000. It is essential to consider the interest rate, processing fee, and other charges before choosing a lender. Additionally, borrowers should also consider the reputation of the lender, customer service, and flexibility in repayment options

• SBI: 7.90% to 8.40% per annum
• HDFC: 8.00% to 8.50% per annum
• ICICI: 8.10% to 8.60% per annum
• Axis: 8.00% to 8.50% per annum

Summary of Home Loan Interest Rates 2026