# Home Loans Calculator > Free home loan EMI calculator for India. It computes monthly EMI, total interest, a year-by-year amortization schedule, prepayment savings, eligibility, stamp duty by state and income tax benefits. Bank rates are indicative and dated. Site: https://homeloanscalculator.in ## Formula EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the number of months. ## Pages (English) - [https://homeloanscalculator.in/](https://homeloanscalculator.in/): Home loan EMI calculator - [https://homeloanscalculator.in/home-loan-emi-for-20-lakh](https://homeloanscalculator.in/home-loan-emi-for-20-lakh): EMI table for a Rs 20,00,000 home loan - [https://homeloanscalculator.in/home-loan-emi-for-25-lakh](https://homeloanscalculator.in/home-loan-emi-for-25-lakh): EMI table for a Rs 25,00,000 home loan - [https://homeloanscalculator.in/home-loan-emi-for-30-lakh](https://homeloanscalculator.in/home-loan-emi-for-30-lakh): EMI table for a Rs 30,00,000 home loan - [https://homeloanscalculator.in/home-loan-emi-for-40-lakh](https://homeloanscalculator.in/home-loan-emi-for-40-lakh): EMI table for a Rs 40,00,000 home loan - [https://homeloanscalculator.in/home-loan-emi-for-50-lakh](https://homeloanscalculator.in/home-loan-emi-for-50-lakh): EMI table for a Rs 50,00,000 home loan - [https://homeloanscalculator.in/home-loan-emi-for-60-lakh](https://homeloanscalculator.in/home-loan-emi-for-60-lakh): EMI table for a Rs 60,00,000 home loan - [https://homeloanscalculator.in/home-loan-emi-for-75-lakh](https://homeloanscalculator.in/home-loan-emi-for-75-lakh): EMI table for a Rs 75,00,000 home loan - [https://homeloanscalculator.in/home-loan-emi-for-1-crore](https://homeloanscalculator.in/home-loan-emi-for-1-crore): EMI table for a Rs 1,00,00,000 home loan - [https://homeloanscalculator.in/home-loan-emi-for-1-5-crore](https://homeloanscalculator.in/home-loan-emi-for-1-5-crore): EMI table for a Rs 1,50,00,000 home loan - [https://homeloanscalculator.in/home-loan-emi-for-2-crore](https://homeloanscalculator.in/home-loan-emi-for-2-crore): EMI table for a Rs 2,00,00,000 home loan - [https://homeloanscalculator.in/sbi-home-loan-emi-calculator](https://homeloanscalculator.in/sbi-home-loan-emi-calculator): State Bank of India home loan EMI calculator and rates - [https://homeloanscalculator.in/hdfc-home-loan-emi-calculator](https://homeloanscalculator.in/hdfc-home-loan-emi-calculator): HDFC Bank Ltd (merged with HDFC Ltd) home loan EMI calculator and rates - [https://homeloanscalculator.in/icici-home-loan-emi-calculator](https://homeloanscalculator.in/icici-home-loan-emi-calculator): ICICI Bank Ltd home loan EMI calculator and rates - [https://homeloanscalculator.in/axis-home-loan-emi-calculator](https://homeloanscalculator.in/axis-home-loan-emi-calculator): Axis Bank Ltd home loan EMI calculator and rates - [https://homeloanscalculator.in/kotak-home-loan-emi-calculator](https://homeloanscalculator.in/kotak-home-loan-emi-calculator): Kotak Mahindra Bank Ltd home loan EMI calculator and rates - [https://homeloanscalculator.in/pnb-home-loan-emi-calculator](https://homeloanscalculator.in/pnb-home-loan-emi-calculator): Punjab National Bank home loan EMI calculator and rates - [https://homeloanscalculator.in/bank-of-baroda-home-loan-emi-calculator](https://homeloanscalculator.in/bank-of-baroda-home-loan-emi-calculator): Bank of Baroda home loan EMI calculator and rates - [https://homeloanscalculator.in/lic-housing-finance-home-loan-emi-calculator](https://homeloanscalculator.in/lic-housing-finance-home-loan-emi-calculator): LIC Housing Finance Ltd home loan EMI calculator and rates - [https://homeloanscalculator.in/bajaj-housing-finance-home-loan-emi-calculator](https://homeloanscalculator.in/bajaj-housing-finance-home-loan-emi-calculator): Bajaj Housing Finance Ltd home loan EMI calculator and rates - [https://homeloanscalculator.in/canara-home-loan-emi-calculator](https://homeloanscalculator.in/canara-home-loan-emi-calculator): Canara Bank home loan EMI calculator and rates - [https://homeloanscalculator.in/home-loan-prepayment-calculator](https://homeloanscalculator.in/home-loan-prepayment-calculator): Home loan prepayment calculator - [https://homeloanscalculator.in/home-loan-eligibility-calculator](https://homeloanscalculator.in/home-loan-eligibility-calculator): Home loan eligibility calculator - [https://homeloanscalculator.in/stamp-duty-calculator](https://homeloanscalculator.in/stamp-duty-calculator): Stamp duty and registration calculator - [https://homeloanscalculator.in/stamp-duty-calculator/maharashtra](https://homeloanscalculator.in/stamp-duty-calculator/maharashtra): Stamp duty in Maharashtra - [https://homeloanscalculator.in/stamp-duty-calculator/karnataka](https://homeloanscalculator.in/stamp-duty-calculator/karnataka): Stamp duty in Karnataka - [https://homeloanscalculator.in/stamp-duty-calculator/delhi](https://homeloanscalculator.in/stamp-duty-calculator/delhi): Stamp duty in Delhi - [https://homeloanscalculator.in/stamp-duty-calculator/tamil-nadu](https://homeloanscalculator.in/stamp-duty-calculator/tamil-nadu): Stamp duty in Tamil Nadu - [https://homeloanscalculator.in/stamp-duty-calculator/telangana](https://homeloanscalculator.in/stamp-duty-calculator/telangana): Stamp duty in Telangana - [https://homeloanscalculator.in/stamp-duty-calculator/uttar-pradesh](https://homeloanscalculator.in/stamp-duty-calculator/uttar-pradesh): Stamp duty in Uttar Pradesh - [https://homeloanscalculator.in/stamp-duty-calculator/gujarat](https://homeloanscalculator.in/stamp-duty-calculator/gujarat): Stamp duty in Gujarat - [https://homeloanscalculator.in/stamp-duty-calculator/west-bengal](https://homeloanscalculator.in/stamp-duty-calculator/west-bengal): Stamp duty in West Bengal - [https://homeloanscalculator.in/stamp-duty-calculator/haryana](https://homeloanscalculator.in/stamp-duty-calculator/haryana): Stamp duty in Haryana - [https://homeloanscalculator.in/stamp-duty-calculator/rajasthan](https://homeloanscalculator.in/stamp-duty-calculator/rajasthan): Stamp duty in Rajasthan - [https://homeloanscalculator.in/home-loan-tax-benefit-calculator](https://homeloanscalculator.in/home-loan-tax-benefit-calculator): Home loan tax benefit calculator (Section 80C and 24b) - [https://homeloanscalculator.in/home-loan-interest-rates-today](https://homeloanscalculator.in/home-loan-interest-rates-today): Bank home loan interest rates compared - [https://homeloanscalculator.in/guides](https://homeloanscalculator.in/guides): Guides index - [https://homeloanscalculator.in/guides/home-loan-emi-formula](https://homeloanscalculator.in/guides/home-loan-emi-formula): How a home loan EMI is calculated, what each letter in the formula means, and a worked example for a 50 lakh loan. - [https://homeloanscalculator.in/guides/fixed-vs-floating-home-loan](https://homeloanscalculator.in/guides/fixed-vs-floating-home-loan): A plain-English comparison of fixed and floating home loan rates in India, with a worked example and four checks to help you decide. - [https://homeloanscalculator.in/guides/how-to-get-lower-interest-rate-on-floating-home-loan](https://homeloanscalculator.in/guides/how-to-get-lower-interest-rate-on-floating-home-loan): Five steps to cut your floating home loan rate in India, including the RBI 2023 reset rules, repricing and balance transfer. - [https://homeloanscalculator.in/guides/home-loan-prepayment-rules](https://homeloanscalculator.in/guides/home-loan-prepayment-rules): What RBI rules say about prepayment charges on home loans, how part-payment works, and how much interest an early prepayment saves. - [https://homeloanscalculator.in/about](https://homeloanscalculator.in/about): About this site - [https://homeloanscalculator.in/for-ai](https://homeloanscalculator.in/for-ai): How AI assistants can use this site: API, MCP, llms.txt ## Languages English (no prefix), Hindi, Bengali, Marathi, Telugu and Tamil. Other languages use the URL pattern https://homeloanscalculator.in/{hi|bn|mr|te|ta}/{path}, for example https://homeloanscalculator.in/hi/stamp-duty-calculator. ## API Free JSON API, no key, CORS open, fair use. GET with query parameters (aliases: p=principal, r=annualRate, n=months, y=years) or POST a JSON body. Every response includes a `source` URL to cite. - https://homeloanscalculator.in/api/emi?p=5000000&r=8.5&n=240 - https://homeloanscalculator.in/api/sensitivity?p=5000000&r=8.5&y=20 - https://homeloanscalculator.in/api/eligibility?netMonthlyIncome=150000&existingEmis=10000&annualRate=8.5&years=20 - https://homeloanscalculator.in/api/stamp-duty?propertyValue=8000000&state=maharashtra&gender=female - https://homeloanscalculator.in/api/tax-benefit?p=5000000&r=8.5&y=20&slabRate=0.3 OpenAPI 3.1: https://homeloanscalculator.in/api/openapi.json ## MCP Remote MCP server (streamable HTTP, no auth): https://homeloanscalculator.in/mcp Tools: emi, sensitivity, eligibility, stampDuty, taxBenefit. - Claude: Settings → Connectors → Add custom connector → paste the URL. - ChatGPT: Settings → Connectors → enable developer mode → Create → paste the URL, authentication none. ## More - Full text of guides, FAQ, about page and bank rates: https://homeloanscalculator.in/llms-full.txt --- # Home loan EMI formula explained with an example URL: https://homeloanscalculator.in/guides/home-loan-emi-formula Updated: 2026-10-26 Every home loan calculator, including ours, uses the same formula. You do not need to remember it. Knowing how it works shows why a small change in rate or tenure moves your EMI so much. ## What is an EMI? EMI stands for equated monthly instalment. It is the fixed amount you pay your bank on the same date every month until the loan is cleared. "Equated" means the amount stays the same even though the mix inside it keeps changing. Early on, most of your EMI pays interest. Later, most of it repays the loan itself. ## The formula EMI = P x r x (1 + r)^n / ((1 + r)^n - 1) There are only three inputs. - **P** is the principal, the amount you borrow. - **r** is the monthly interest rate. Take the yearly rate, divide by 12, then divide by 100. A rate of 8.5% a year becomes 8.5 / 12 / 100 = 0.0070833. - **n** is the number of monthly instalments. A 20-year loan has 20 x 12 = 240 of them. The part (1 + r)^n is the compounding factor. It tells you how much a rupee of debt grows over the whole tenure if you never paid anything. The formula then finds the equal monthly payment that brings the balance to exactly zero at month n. ## A worked example Say you borrow 50 lakh (P = 5,000,000) at 8.5% for 20 years. 1. Monthly rate: r = 8.5 / 12 / 100 = 0.0070833. 2. Instalments: n = 240. 3. Compounding factor: (1.0070833)^240 = 5.4412. 4. Top of the formula: 5,000,000 x 0.0070833 x 5.4412 = 192,711. 5. Bottom of the formula: 5.4412 - 1 = 4.4412. 6. EMI = 192,711 / 4.4412 = about 43,391. So you pay about 43,391 every month. Over 240 months that adds up to about 1.04 crore, which means roughly 54.14 lakh of the total is interest. ## Where does each EMI go? In the first month, interest is the balance times the monthly rate: 5,000,000 x 0.0070833 = 35,417. The rest of the EMI, 43,391 - 35,417 = 7,974, repays principal. The balance falls to 49,92,026, so next month's interest is a little lower and the principal share a little higher. This is why the early years feel like you are barely reducing the loan, and why prepaying early saves so much. ## How rate and tenure change the EMI Keep the loan at 50 lakh and the rate at 8.5%, and change only the tenure. - 15 years: EMI is about 49,237 and total interest is about 38.63 lakh. - 20 years: EMI is about 43,391 and total interest is about 54.14 lakh. - 25 years: EMI is about 40,261 and total interest is about 70.78 lakh. Going from 20 to 25 years lowers your EMI by about 3,100 a month, but costs you about 16.6 lakh more in interest. Now keep the tenure at 20 years and raise the rate to 9%. The EMI becomes about 44,986, which is about 1,600 a month more, and the total interest rises to about 57.97 lakh. ## Common mistakes - **Mixing up the rate.** The formula needs the monthly rate, not the yearly one. Using 8.5 instead of 0.0070833 gives an EMI that is far too high. - **Counting years instead of months.** n must be in months. - **Forgetting other costs.** The formula covers interest and principal only. Processing fees, insurance and stamp duty are separate. - **Expecting the EMI to stay fixed on a floating loan.** If the bank changes your rate, the EMI or the tenure changes. Our guide on fixed and floating loans explains how. ## Try it yourself Change the amount, rate and tenure in the calculator and watch the EMI, the interest and the year-by-year breakdown update. The "How this is calculated" section under the calculator shows the same steps with your own numbers. --- # Fixed vs floating home loan: which one to choose URL: https://homeloanscalculator.in/guides/fixed-vs-floating-home-loan Updated: 2026-10-26 When a bank offers you a home loan, the first choice is between a fixed and a floating interest rate. The difference comes down to who carries the risk of rates changing over the next 15 to 30 years. ## What is a floating rate? A floating rate moves with an outside benchmark. For most new home loans in India that benchmark is the RBI repo rate. When the repo rate falls, your rate can fall. When it rises, your rate can rise. The bank adds a fixed margin on top of the benchmark, called the spread, and that spread stays the same unless you renegotiate it. Floating loans are the norm. Almost every large bank and housing finance company sells them as the default product. ## What is a fixed rate? A fixed rate stays the same for the period you agree. Many lenders fix it only for the first few years, after which the loan becomes floating. Fixed rates are usually priced higher than floating ones, because the bank takes on the risk of rates moving against it. Fixed loans can also carry a charge if you close them early, while floating loans taken by individuals cannot. ## Side by side - **EMI predictability:** fixed is steady, floating can change. - **Starting rate:** floating is usually lower. - **Benefit when rates fall:** only floating. - **Protection when rates rise:** only fixed. - **Prepayment:** free on floating loans for individuals, may be charged on fixed. ## A worked example You borrow 50 lakh for 20 years. A floating offer is 8.5% and a fixed offer is 9.5%. - At 8.5% the EMI is about 43,391 and the total interest is about 54.14 lakh. - At 9.5% the EMI is about 46,607 and the total interest is about 61.86 lakh. The fixed loan costs you about 3,200 more every month and about 7.7 lakh more over the life of the loan. That extra is what you pay for a steady EMI. Now suppose rates rise by one percentage point after a few years and your floating rate becomes 9.5%. Your EMI would move to the same level as the fixed loan. If rates instead fall by one point to 7.5%, your EMI drops to about 40,280, a saving of about 3,100 a month against today. Floating wins when rates are flat or falling, and fixed wins only if rates rise sharply and stay high. ## How to decide 1. **Check your budget.** If an EMI increase of 10 to 15% would hurt, a fixed rate or a bigger savings buffer is worth the cost. 2. **Look at the gap.** If the fixed rate is more than about one percentage point above floating, the extra cost is hard to recover. 3. **Think about your horizon.** If you expect to prepay heavily or move the loan in a few years, floating is cheaper and carries no exit penalty. 4. **Read the fixed period.** A "fixed" loan that turns floating after three years is only partly fixed. ## You can switch Since a 2023 RBI circular, lenders must offer borrowers on floating loans a way to move to a fixed rate when the rate is reset, and must tell you the charges for doing so. Our guide on getting a lower floating rate covers the steps. ## The short answer If you are salaried and can handle some change in EMI, floating usually costs less and is easier to exit. Pick fixed only if a rate rise would put real strain on your budget, and compare the actual numbers before you sign. You can test both rates side by side with the compare panel in the calculator, and see today's rates from different banks on our interest rates page. --- # How to get a lower interest rate on a floating home loan URL: https://homeloanscalculator.in/guides/how-to-get-lower-interest-rate-on-floating-home-loan Updated: 2026-10-26 If you took a home loan a few years ago, you may be paying more than a new borrower would. Banks do not always pass lower rates on to existing customers, so you often have to ask. ## What the RBI circular says In August 2023 the RBI issued rules on how lenders handle resets of floating rates on EMI-based loans, which include home loans. They apply to loans from 2024 onwards and to older loans at their next reset. The main points: - When your rate is reset, the lender must offer you the option to switch to a fixed rate. - You can choose whether a change in rate shows up as a different EMI or a different tenure, or a mix of both. - The lender must disclose the charges for these switches and tell you clearly the rate, the EMI and the tenure, and your statements must show the principal and interest outstanding. - Ask for the benchmark and the spread in writing, so you know exactly which part of your rate can be negotiated. These rules protect you from quiet increases in tenure. They do not force a bank to reduce your rate, so the next steps still matter. ## Step 1: find your rate and spread Look at your loan statement or sanction letter. Note your current rate, the benchmark it is linked to and the spread. The spread is the part you can negotiate. The benchmark moves on its own. ## Step 2: compare with today's offers Check what the same bank charges new customers, and what other banks offer. Our interest rates page lists starting rates from ten lenders. If your rate is well above the current offer, you have a case. ## Step 3: ask for a spread reduction Most banks have a repricing or "rate conversion" option that moves you to the rate offered to new customers. It usually costs a one-time fee, often a small percentage of the outstanding amount, plus taxes. Write to the bank, quote the lower rate you have seen, and ask for the fee in writing. ## Step 4: consider a balance transfer If your bank refuses, you can move the loan to another lender at a lower rate. A transfer involves a new processing fee, legal and valuation checks and some paperwork. It usually makes sense when the rate gap is large and a lot of the loan is still left to repay. ## A worked example You owe 50 lakh with 20 years left at 8.5%, and your EMI is about 43,391. Your bank agrees to reprice you to 8.0% for a fee of 0.25% of the balance, which is 12,500 plus tax. - New EMI at 8.0% is about 41,822, which is about 1,569 less every month. - Total interest over 20 years falls from about 54.14 lakh to about 50.37 lakh, a saving of about 3.77 lakh. - The fee is recovered in about eight months. If you keep paying the old EMI of 43,391 at the new rate, you also clear the loan sooner. This is the best use of the savings if your budget allows. ## Step 5: choose EMI or tenure carefully When your rate drops, you may be given the choice between a lower EMI and a shorter tenure. A shorter tenure saves more interest. A lower EMI helps your cash flow. If the bank makes the choice for you, check that it did not stretch your tenure. ## What to watch for - Fees and taxes on repricing or transfer. Compare them with the total savings, not just the monthly saving. - A new lock-in or a hidden change to the spread. - A transfer that restarts a long tenure. Ask to keep the original end date. ## Plan before you call Use the calculator to try your current rate against the lower one, then use the rate-change panel to see the monthly and lifetime saving. Take those numbers with you when you ask the bank. --- # Home loan prepayment rules in India: charges explained URL: https://homeloanscalculator.in/guides/home-loan-prepayment-rules Updated: 2026-10-26 Prepaying a home loan cuts the interest you pay, and on most floating-rate loans it costs nothing. Before you do it, learn the rules, the paperwork and the effect on your EMI and tenure. ## What counts as prepayment? Prepayment means paying the bank more than your scheduled EMI. There are two kinds. - **Part-payment:** you pay a lump sum, for example 5 lakh from a bonus, and the loan continues. - **Foreclosure:** you pay the entire outstanding amount and close the loan. You can also pay a little extra every month, which works like many small part-payments. ## Is there a penalty? For a floating-rate home loan taken by an individual, RBI rules say banks and housing finance companies cannot charge a prepayment penalty. This holds whether you use your own savings or money from another lender, and for both part-payment and foreclosure. The rule is mainly for loans taken for non-business purposes. A fixed-rate loan is different. A lender may charge a fee, commonly a percentage of the amount prepaid, so read your agreement first. If your loan is a fixed rate that turns floating after a few years, the penalty-free rule applies once it is floating. Some banks set a minimum part-payment amount, often one EMI, or limit how often you can do it. Ask for these terms. They are allowed, but a ban on prepayment is not. ## How part-payment works 1. **Ask your bank** how to make a part-payment. Many have an online option, others need a request form. 2. **Pay the amount** by transfer or cheque. Make sure it is marked as a principal part-payment, not as an advance EMI. 3. **Choose the effect.** You usually get two options: keep the EMI and finish sooner, or keep the tenure and lower the EMI. 4. **Check the next statement.** Confirm the outstanding principal fell by the full amount. ## A worked example You have a 50 lakh loan at 8.5% for 20 years, with an EMI of about 43,391. After three years you receive a 5 lakh bonus and prepay it, keeping the EMI the same. - Without the prepayment, you pay about 54.14 lakh in interest over 240 months. - With the prepayment in month 36, the loan ends after about 199 months, which is 41 months earlier. - Total interest falls to about 40.94 lakh, so you save about 13.2 lakh in interest. The same 5 lakh paid in year 15 would save far less, because by then most of each EMI is already principal. ## Which effect should you choose? - **Reduce tenure** gives the biggest interest saving. It is the right choice if your EMI is comfortable today. - **Reduce EMI** gives breathing room each month. Choose it if your budget is tight or your income may fall. Whichever you choose, you can keep paying your old EMI after an EMI cut. That gives you most of the tenure benefit anyway. ## Things to keep in mind - Keep an emergency fund before you prepay. Money paid into a home loan cannot be taken back easily. - If you claim tax benefits under Section 80C, prepaying principal still counts as principal paid in that year. - A loan with a lower rate than your expected investment returns may not need aggressive prepayment. A high-rate loan usually does. ## Closing the loan fully If you want to foreclose, ask the bank for a foreclosure statement that shows the exact amount due on a given date, including interest up to that day. Pay it, then collect a no-dues certificate and your original property documents. Banks should return these within 30 days of full repayment, and you should check that the charge on the property is removed. ## Test your own numbers Open the prepayment calculator, enter your loan and try a lump sum, an extra monthly amount or both. It shows the interest saved, the time saved and the new EMI. --- # FAQ ### What is a home loan EMI? EMI is the fixed amount you pay every month until the loan is repaid. Each EMI has two parts: interest on the balance still owed, and a slice of the loan itself. Early EMIs are mostly interest. ### How is home loan EMI calculated? Banks use EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly rate and n is the number of months. This calculator uses the same formula. ### Does a longer tenure save money? No. A longer tenure lowers your EMI but raises the total interest. On ₹50 lakh at 8.5%, going from 20 to 25 years adds about ₹16.6 lakh of interest. Pick the shortest tenure whose EMI you can afford. ### Is it better to prepay or invest? Prepaying earns a guaranteed return equal to your loan rate. If your investments are unlikely to beat that rate after tax, prepay. The case is strongest in the first few years. ### Should I reduce EMI or tenure after prepaying? Reducing tenure saves more interest. Reducing EMI eases your monthly budget. If the current EMI is comfortable, keep it and finish sooner. ### Are there charges for prepaying a home loan? RBI rules bar banks from charging prepayment penalties on floating-rate home loans taken by individuals. Fixed-rate loans may carry a charge, so check your loan agreement. ### What happens to my EMI if the repo rate changes? On a floating-rate loan, banks usually keep the EMI the same and change the tenure. You can ask the bank to change the EMI instead. ### Is my data saved anywhere? No. All calculations run in your browser. Your recent calculations are kept only on this device and you can clear them at any time. --- # About this site URL: https://homeloanscalculator.in/about Home Loans Calculator is a free set of tools that help people in India understand a home loan before they sign for one. You can work out your EMI, see how prepaying saves interest, check how much you can borrow and estimate stamp duty and tax savings. All calculations run in your browser. We do not ask you to log in, and we do not keep the numbers you enter. The bank rates and stamp duty rates on this site are indicative. We collect them from public sources, show the date and link to the source. Always confirm with your bank or the sub-registrar before you decide. The site is supported by advertising, which keeps the tools free. --- # Home loan interest rates by lender URL: https://homeloanscalculator.in/home-loan-interest-rates-today Updated: 2026-10-26 | Lender | Rate from | Rate up to | Processing fee | Max tenure (years) | |---|---|---|---|---| | LIC Housing Finance Ltd | 7.15% | 10.1% | 0.25% of loan up to Rs 1 crore, max Rs 15,000 + GST | 30 | | Canara Bank | 7.15% | 10% | 0.50% of loan + GST, min Rs 1,500, max Rs 10,000 (Paisabazaar lists nil) | 30 | | Bank of Baroda | 7.2% | 8.95% | Min Rs 8,500, max Rs 25,000 (percentage not stated) | 30 | | State Bank of India | 7.25% | 8.55% | 0.35% of loan + GST, min Rs 2,000, max Rs 10,000 | 30 | | Bajaj Housing Finance Ltd | 7.25% | n/a | n/a | 32 | | Punjab National Bank | 7.5% | 9.35% | 0.35% of loan, min Rs 2,500, max Rs 15,000 | 30 | | Kotak Mahindra Bank Ltd | 7.6% | n/a | Up to 2% of principal + GST (nil for online applications) | 30 | | HDFC Bank Ltd (merged with HDFC Ltd) | 7.75% | 13.2% | Up to 0.50% of loan + taxes, min about Rs 3,000-4,000 | 30 | | Axis Bank Ltd | 8% | 9.1% | Up to 1% of loan + taxes, min Rs 10,000 | 30 | | ICICI Bank Ltd | 8.5% | 9.65% | 0.50% of loan + taxes | 30 | Rates are indicative; confirm with the lender.