Updated May 2026 — Live Bank Rates

Home Loan EMI Calculator

Calculate your monthly EMI instantly. Compare rates from SBI, HDFC, ICICI & 12+ banks. Get personalized eligibility in 60 seconds.

🏦12+ Banks⚡Instant Calculation✅Free Forever

Loan Parameters

Drag sliders to update calculations instantly

Principal Loan Amount

₹50,00,000₹50L

₹5 Lakh₹10 Crore

Annual Interest Rate

8.50%per annum

6% p.a.15% p.a.

Loan Tenure

20 Yrs240 months

1 Year30 Years

Quick Presets

Monthly EMI

₹43,391

per month for your tenure

📅

Total Interest

₹54,13,879

52.0% of total

Total Payable

₹1,04,13,879

Principal + Interest over full tenure

Principal vs Interest Split

Out of ₹1,04,13,879 total payable

Year-by-Year Amortization

Principal paid vs interest paid each year over 20 years

PrincipalInterest

Check Your Loan Eligibility

Based on your EMI of ₹43,391/mo, find out which banks will approve your loan.

Current Home Loan Interest Rates

Sorted by lowest rate first — Updated May 2026

🔍

Bank ↕	Min Rate ↑	Max Rate ↕	Processing Fee ↕	Tenure	Type
ST State Bank of IndiaLowest Public Sector Bank	8.40%p.a.	9.65%p.a.	0.35% (min ₹2,000)	Up to 30 yrs	Floating
BA Bank of Baroda Public Sector Bank	8.40%p.a.	10.65%p.a.	0.25% (min ₹8,500)	Up to 30 yrs	Floating
PU Punjab National Bank Public Sector Bank	8.45%p.a.	10.25%p.a.	0.35% (max ₹15,000)	Up to 30 yrs	Floating
UN Union Bank of India Public Sector Bank	8.50%p.a.	10.75%p.a.	0.50% (max ₹15,000)	Up to 30 yrs	Floating
BA Bajaj Housing Finance Housing Finance Company	8.50%p.a.	15.00%p.a.	0.5% + GST	Up to 32 yrs	Both
LI LIC Housing Finance Housing Finance Company	8.50%p.a.	10.75%p.a.	₹10,000 flat	Up to 30 yrs	Floating
CA Canara Bank Public Sector Bank	8.55%p.a.	11.25%p.a.	0.50% (max ₹10,000)	Up to 30 yrs	Floating
HD HDFC Bank Private Sector Bank	8.70%p.a.	9.95%p.a.	0.50% (min ₹3,000)	Up to 30 yrs	Both
IC ICICI Bank Private Sector Bank	8.75%p.a.	10.05%p.a.	0.50% (min ₹3,000)	Up to 30 yrs	Both
KO Kotak Mahindra Bank Private Sector Bank	8.75%p.a.	9.60%p.a.	0.5% + GST	Up to 25 yrs	Floating
AX Axis Bank Private Sector Bank	8.75%p.a.	9.65%p.a.	1% (min ₹10,000)	Up to 30 yrs	Floating
TA Tata Capital Housing Housing Finance Company	8.75%p.a.	11.50%p.a.	0.50% + GST	Up to 30 yrs	Both

State Bank of India

Public Sector Bank

Lowest Rate

Min Rate

8.40%

Max Rate

9.65%

Tenure

30 yrs

FloatingFee: 0.35% (min ₹2,000)

Bank of Baroda

Public Sector Bank

Min Rate

8.40%

Max Rate

10.65%

Tenure

30 yrs

FloatingFee: 0.25% (min ₹8,500)

Punjab National Bank

Public Sector Bank

Min Rate

8.45%

Max Rate

10.25%

Tenure

30 yrs

FloatingFee: 0.35% (max ₹15,000)

Union Bank of India

Public Sector Bank

Min Rate

8.50%

Max Rate

10.75%

Tenure

30 yrs

FloatingFee: 0.50% (max ₹15,000)

Bajaj Housing Finance

Housing Finance Company

Min Rate

8.50%

Max Rate

15.00%

Tenure

32 yrs

BothFee: 0.5% + GST

LIC Housing Finance

Housing Finance Company

Min Rate

8.50%

Max Rate

10.75%

Tenure

30 yrs

FloatingFee: ₹10,000 flat

Canara Bank

Public Sector Bank

Min Rate

8.55%

Max Rate

11.25%

Tenure

30 yrs

FloatingFee: 0.50% (max ₹10,000)

HDFC Bank

Private Sector Bank

Min Rate

8.70%

Max Rate

9.95%

Tenure

30 yrs

BothFee: 0.50% (min ₹3,000)

ICICI Bank

Private Sector Bank

Min Rate

8.75%

Max Rate

10.05%

Tenure

30 yrs

BothFee: 0.50% (min ₹3,000)

Kotak Mahindra Bank

Private Sector Bank

Min Rate

8.75%

Max Rate

9.60%

Tenure

25 yrs

FloatingFee: 0.5% + GST

Axis Bank

Private Sector Bank

Min Rate

8.75%

Max Rate

9.65%

Tenure

30 yrs

FloatingFee: 1% (min ₹10,000)

Tata Capital Housing

Housing Finance Company

Min Rate

8.75%

Max Rate

11.50%

Tenure

30 yrs

BothFee: 0.50% + GST

* Rates are indicative and subject to change. Verify with the respective bank before applying.

How to Use the Home Loan EMI Calculator

Enter Loan Amount

Use the slider to set your desired home loan amount from ₹5 Lakhs to ₹10 Crores.

Set Interest Rate

Adjust the rate based on your bank offer or compare from our live bank rates table.

Choose Tenure

Select your repayment period. Longer tenure = lower EMI but higher total interest.

EMI Formula Used

EMI = P × r × (1 + r)ⁿ ÷ [(1 + r)ⁿ − 1]
Where: P = Principal, r = Monthly Rate (Annual Rate ÷ 12 ÷ 100), n = Tenure in Months

Frequently Asked Questions

Which bank offers the lowest home loan rate in India?

As of May 2026, SBI and Bank of Baroda offer the lowest home loan rates starting from 8.40% p.a. for eligible borrowers.

What is the maximum home loan tenure in India?

Most banks offer home loans up to 30 years. The maximum tenure varies by age — typically the loan must be repaid before age 70.

How is EMI calculated for a home loan?

EMI is calculated using the reducing-balance method: E = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is principal, r is monthly rate, and n is tenure in months.

Tips to Reduce Your Home Loan EMI

✓Make a larger down payment to reduce the principal
✓Negotiate for a lower interest rate with your bank
✓Choose a longer tenure to reduce monthly outgo
✓Make part-prepayments to reduce outstanding principal
✓Transfer to a lower-rate bank via balance transfer
✓Maintain a CIBIL score above 750 for best rates