According to The Hindu BusinessLine, home loan interest rates as of October 16, 2026, show significant variation across banks and housing finance companies. The rates are categorized into three loan amount segments: under ₹30 lakh, ₹30-75 lakh, and ₹75 lakh and above. Banks typically offer both floating and fixed rate options, while housing finance companies primarily provide floating rate structures.
As reported by The Hindu BusinessLine, major banks offer floating rates ranging from 7.15% to 13.45% for loans under ₹30 lakh. Bank of Baroda leads with the lowest rates at 7.20-8.95%, followed by Bank of India at 7.35-10.25% and Indian Bank at 7.15-8.55%. For mid-range loans of ₹30-75 lakh, Axis Bank offers the highest rates at 8.0-13.45%, while Bank of Baroda maintains competitive pricing at 7.20-8.95%. For loans above ₹75 lakh, HDFC Bank provides the highest rates at 8.0-13.45%, with Bank of Baroda offering competitive pricing at 7.20-8.95%.
According to The Hindu BusinessLine, housing finance companies offer floating rates ranging from 7.15% to 10.65% for different loan categories. LIC Housing Finance provides the most competitive rates at 7.15-10.10% for loans under ₹30 lakh, while PNB Housing offers rates between 7.60-10.05% for the same segment. For mid-range loans, PNB Housing maintains competitive pricing at 7.60-10.05%, and LIC Housing Finance offers rates between 7.15-9.65%. Sundaram Home Finance provides the highest rates at 10.65% for loans above ₹75 lakh, while LIC Housing Finance offers rates between 10-10.25% in this category.
As reported by The Hindu BusinessLine, banks offer fixed rates ranging from 8.75% to 14.00% across different loan segments. Axis Bank provides the highest fixed rates at 14.00% for all loan categories, while Bank of Baroda offers competitive fixed rates at 8.90-9.95% for loans under ₹30 lakh and 8.90-11.20% for mid-range loans. ICICI Bank offers fixed rates between 8.90-11.25% for loans under ₹30 lakh and 8.90-11.25% for mid-range loans. IDBI Bank provides the highest fixed rates at 10.90-12.0% for loans under ₹30 lakh and 10.90-12.0% for mid-range loans.
According to CNBC, the 10-year Treasury yield came in at 5.106% early Thursday, down 8.4 basis points from the previous session's close of 5.19%. This decline could provide some relief to mortgage borrowers, though it does not confirm that lenders have lowered rates immediately. Freddie Mac's 30-year fixed mortgage average came in at 7.4% for the survey week of October 8, up 12 basis points from 7.28% the prior week. Borrowers will need fresh quotes to determine whether the Treasury decline translates into lower mortgage pricing. The data represents current market conditions and should be used for comparative purposes only, with fixed interest rates subject to revision after specified tenures depending on bank terms and conditions.
