Home Loan Interest Rates continue to cheer residential buyers. The largest PSB State Bank of India (SBI) and private lender Kotak Mahindra Bank have further slashed housing finance interest rates by 10 bps. Customers can avail of the lowest Home Loan offers by Kotak Bank and SBI at 8.95 and 8.40%. respectively till March 31, 2020.
The SBI said that 100% processing fee waiver continues for those who Apply for SBI Home Loan Online through YONO App. The revised SBI Home Loan Interest Rates are linked to Credit Score. The customers with good CIBIL Score will be awarded with the best interest rate offer.
SBI Home Loan Concessional Offer, effective from March 2024:
Loan Amount
Credit Score
Interest Rate
Up to 75 Lakh
700-750
6.90%
751-800
6.80%
Above 800
6.70%
Above 75 Lakh to 5 crore
700-750
7.00%
751-800
6.85%
Above 800
6.75%
* Minimum Floor rate is 8.40%.. SBI Yono Applicants to get 0.05% concession. *Women applicants to get further concession of 0.05%.
Furthermore SBI Bank has also slashed premium for Non Salaried customers by 5 bps to 10bps from existing 15 bps. The Lowest Home Loan Interest Rate offer for non salaried applicants will start from 6.80%.
Kotak Mahindra Bank on the other hand has offered lowest Home Loan Rate on Balance Transfer for both salaried and non salaried applicants at 8.40%. onwards. The offer is available on any amount loan. Salaried new Home Loan applicants will get loans from 8.40%. onwards and non salaried Home Loan applicants will get loans from 8.40%. onwards. There is no loan amount capping.
Surely this is the best time to apply for Home Loan in India as rates are available at decadal low levels.
Let’s check current 10 Lowest Home Loan Offers in India below:
Bank
Lowest Interest Rate
Kotak Bank Home Loan
6.65%
SBI Home Loan
6.70%
Axis Bank Home Loan
6.75%
Citi Bank Home Loan
6.75%
HDFC Bank Home Loan
6.80%
ICICI Bank Home Loan
6.80%
Union bank of India Home Loan
6.80%
PNB Home Loan
6.80%
Bank of Baroda Housing Loan
6.85%
LIC Housing Finance
6.90%
Updated On Jun 27, 2026
Written By
Written By Reshma RawatAssistant Content ManagerCredit Cards, Credit Score, Personal Loan, Home Loan, etc.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
