Current Home Mortgage Interest Rates as of August 29, 2025
In a recent report published by BankBazaar.com on March 19, 2019, the interest rates for various residential property loans (mortgages) from several banks and financial institutions (FIs) in India were outlined. As of late August to September 2025, the fixed interest rates for these loans range roughly between 3.26% and 3.95%, with top rates for 10-year loans expected to stay between 3% and 3.5% in the near term. However, floating rates, while following a similar trend around these levels, are less commonly cited.
Among the banks and FIs analysed, Bank of Baroda offers floating interest rates of 7.45-9.20% for loan amounts under Rs. 30 lakh, 7.45-9.20% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 7.45-9.20% for loan amounts above Rs. 75 lakh. Tata Capital offers floating rates of at least 7.75% for loan amounts under Rs. 30 lakh, and higher rates for loan amounts between Rs. 30 lakh and above Rs. 75 lakh. DBS Bank offers a floating interest rate of at least 8.75% for loan amounts under Rs. 30 lakh, and higher rates for loan amounts between Rs. 30 lakh and above Rs. 75 lakh.
Canara Bank offers floating interest rates of 7.30-10.25% for loan amounts under Rs. 30 lakh, 7.30-10.25% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 7.30-10.25% for loan amounts above Rs. 75 lakh. ICICI Bank offers floating interest rates of at least 7.70% for loan amounts between Rs. 30 lakh and above Rs. 75 lakh, and higher rates for loan amounts above Rs. 75 lakh. For Bureau Score 751 and above, certain interest rates are applicable.
HDFC Bank offers floating interest rates of 7.90-13.20% for loan amounts under Rs. 30 lakh, 7.90-13.20% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 7.90-13.20% for loan amounts above Rs. 75 lakh. Bank of India offers floating interest rates of 7.35-10.10% for loan amounts under Rs. 30 lakh, 7.35-10.10% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 7.35-10.10% for loan amounts above Rs. 75 lakh.
Axis Bank offers floating interest rates of 8.35-9.35% for loan amounts under Rs. 30 lakh, 8.35-9.35% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 8.35-9.35% for loan amounts above Rs. 75 lakh. LIC Housing Finance Ltd offers floating interest rates of 7.50-9.70% for loan amounts under Rs. 30 lakh, 7.50-9.90% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 7.50-10.0% for loan amounts above Rs. 75 lakh. Lastly, Bank of Maharashtra offers floating interest rates of 7.35-9.90% for loan amounts under Rs. 30 lakh, 7.35-9.90% for loan amounts between Rs. 30 lakh and Rs. 75 lakh, and 7.35-9.90% for loan amounts above Rs. 75 lakh.
It is important to note that the article does not provide specific details about the tenure for which the fixed rates are applicable, nor does it specify which banks/FIs offer fixed rates only for a definite period. Some banks/FIs may offer fixed rates only for a definite period, after which the prevailing floating rates are applied. Additionally, the article does not mention any banks/FIs that offer different interest rates for different tenures.
The annual percentage rate (APR) is mentioned in the interest rates provided in the article. However, the article does not provide information about the specific conditions under which the interest rates may be revised. It is advisable for potential borrowers to carefully review the terms and conditions of each loan offer before making a decision.
