Indicative Rates from Available Lender Data • 51+ Indian Lenders
Home Loan Calculators & Eligibility Tools
Run instant EMI, eligibility, balance transfer, and prepayment calculations with zero CIBIL impact. Basic preview does not require PAN or phone; formal lender checks may affect credit score with consent.
- No phone number upfront
- No PAN required for preview
- Indicative comparison only
- Final approval by lender
Choose your loan type
Buy Home | Balance Transfer | Top-up / LAP — Compare available options across 51+ banks and HFCs using available lender data. No phone/PAN upfront · No bureau check without consent · Indicative only · Final approval by lender.
- New Home Loan — Buying a ready-to-move or under-construction property? Compare Home Loan Offers (30 Years Max Tenure)
- Home Loan Balance Transfer — Already paying EMI and want to reduce interest cost? Check Transfer Savings
- Loan Against Property (LAP) — Need funds against owned residential or commercial property? Compare LAP Options
- Top-up Home Loan — Existing home-loan customer seeking additional funding? Check Top-up Eligibility
- NRI Home Loan — Buying in India while earning overseas? Compare NRI Home Loan Options
- Plot + Construction Loan — Buying a residential plot to build your home? Compare Plot + Construction Loans
- Commercial Property Loan — Purchasing an office, retail shop, or warehouse? Compare Commercial Loan Options
- Home Renovation Loan — Planning structural extension, an extra floor, or home repairs? Check Renovation Loan Options
Compare Available Lender Options
Compare available options across 51+ banks and HFCs using available lender data · Availability varies by lender/city:
| Bank | Interest Rate (p.a.) | Est. Monthly EMI (₹1 Cr / 20Y) | Processing Fee | Max Tenure Upto |
|---|---|---|---|---|
| Bank of Maharashtra | 7.10% p.a. | ₹78,132/mo | Nil (100% Waiver) | 30 Years |
| Union Bank of India | 7.15% p.a. | ₹78,431/mo | 0.50% (Max ₹15,000) | 30 Years |
| Bank of Baroda | 7.20% p.a. | ₹78,734/mo | Nil (Zero Fee Offer) | 30 Years |
| State Bank of India (SBI) | 7.25% p.a. | ₹79,038/mo | Nil – 0.35% (Max ₹10,000) | 30 Years |
| Kotak Mahindra Bank | 7.55% p.a. | ₹80,865/mo | 0.50% (Negotiable) | 25 Years |
| HDFC Bank | 7.75% p.a. | ₹82,095/mo | Up to 0.50% or ₹3,000 | 30 Years |
How It Works: Preview → Personalize with consent → Select lender
- Step 1 · Preview: First preview requires no phone/PAN. Compare indicative interest rates, monthly EMIs, and bank fees upfront.
- Step 2 · Personalize with consent: Personal details come later. Add salaried or self-employed income and co-applicant details only if you continue; bureau checks happen only with consent.
- Step 3 · Select lender: Consent-led handoff to your selected bank or HFC. Final approval by lender.
Why ParrotMoney
- Compare before sharing details: Evaluate offers across 51+ banks and HFCs with no phone or PAN upfront.
- Fees visible upfront: See processing fees, statutory MODT charges, and net balance-transfer savings transparently.
- Consent-led lender handoff: Zero call-center spam; details are shared only with the lender you choose.
Secondary Planning Tools (/tools)
- Loan Eligibility Check — Compute your maximum sanctionable loan amount with no phone or PAN required.
- Balance Transfer Savings Calculator — Compare your existing loan rate and remaining tenure against current bank offers.
- Builder Project APF Check — Check RERA-registered project approvals across major banks.
Best Home Loan Rates in India: Compare 2026 Interest Rates
What are the best home loan rates in India? As of October 2026, the best home loan interest rates in India start at 8.35% p.a. for borrowers with a CIBIL score of 750 or above. Rates are primarily linked to the RBI Repo Rate (External Benchmark Lending Rate or EBLR). The actual rate you receive depends on four key factors: your credit score, loan amount, Loan-to-Value (LTV) ratio, and whether you choose a fixed or floating interest rate. To secure the lowest rate, ensure your credit score is excellent and compare offers across top public and private sector banks.
What is the current home loan interest rate in India?
Currently, home loan interest rates range between 8.35% and 10.50% p.a. depending on the lender and borrower profile. Public Sector Banks typically offer 8.35% - 8.50% with lower processing fees. Private Sector Banks generally start around 8.40% - 8.75% with faster processing times, overdraft home loans, and LTV ratios up to 90% for loans under ₹30 Lakhs. Housing Finance Companies (HFCs) offer flexible underwriting for self-employed individuals or properties under construction.
Which bank is best for a home loan?
Compare lenders using strict industry standards: Effective Interest Rate (EIR) where RBI Repo Rate (6.50%) + bank spread (1.85%) = 8.35%; Processing Fees of 0.25% to 0.50% (often waived during festive campaigns); Zero Prepayment Penalties on floating-rate individual loans per RBI guidelines; and Turnaround Time (TAT) of 48 to 72 hours.
Floating vs. Fixed Interest Rates: Which is better?
For over 90% of retail borrowers, floating interest rates are mathematically superior because they are linked to the RBI Repo Rate, automatically pass rate cuts to your EMI or tenure, and have zero foreclosure charges. Fixed rates lock you in for 3 to 10 years, are priced 1% to 2% higher, and may incur prepayment penalties.
How can I lower my home loan interest rate?
Even a 0.10% reduction saves lakhs over a 20-year tenure: Leverage Co-Applicants (adding a female co-applicant triggers a 0.05% to 0.10% concession), Improve the LTV Ratio (aiming for 75% LTV or lower), or Execute a Home Loan Balance Transfer (HLBT) from an older loan above 9.00% to 8.35%.
What is a good CIBIL score for a home loan?
A CIBIL score of 750 or above is the industry standard for Tier 1 interest rates: 750 - 900 (Excellent: lowest EBLR spread), 700 - 749 (Good: 0.25% to 0.50% risk premium), and Below 700 (High Risk: HFC rates potentially exceeding 9.50%).
Frequently Asked Questions
- Will comparing offers on ParrotMoney affect my credit score?
- No. Your first preview requires no PAN or phone number and has zero impact on your credit score. Credit bureau checks require your explicit consent.
- When will my data be shared with lenders?
- Only when you choose a specific bank and consent to proceed. We never sell your contact details to call centers or brokers.
- Is ParrotMoney a direct lender or a marketplace?
- ParrotMoney is a marketplace, not the lender. Final loan approval, interest rate, and sanction terms are decided solely by the lender.