According to The Hindu BusinessLine, as of September 25, 2026, home loan interest rates across banks and housing finance companies show significant variation across loan amounts and institutions. The comprehensive rate guide reveals that floating rates range from as low as 7.0% to as high as 13.20% for loans under ₹30 lakh, while fixed rates span from 8.25% to 14.00% for the same loan category. In the United States, 30-year fixed-rate conforming mortgage rates have increased to 7.229% from the previous day's 7.111%, while 15-year fixed-rate conforming mortgage rates rose to 6.477% from 6.342%.
Major banks offer competitive floating rates with Bank of Baroda leading at 7.20-8.95% for loans under ₹30 lakh, followed closely by State Bank of India at 7.25-8.55%. HDFC Bank commands premium pricing with rates up to 13.20% for higher loan amounts. Among fixed rate offerings, ICICI Bank provides the highest rates at 8.90-11.20% for loans under ₹30 lakh, while Canara Bank offers more competitive fixed rates at 8.50-10.75% for the same category. In the US market, 30-year jumbo mortgage rates increased to 7.401% from 7.282%, while 30-year FHA loan rates rose to 6.662% from 6.510%.
Housing finance companies present competitive alternatives with PNB Housing offering floating rates of 7.75-10.05% for loans under ₹30 lakh. LIC Housing Finance maintains competitive positioning with floating rates from 7.15-9.65% and fixed rates at 10-10.25%. Bajaj Finserv provides flexible options with floating rates ranging from 7.25-20% across different loan amounts, while Sundaram Home Finance offers floating rates from 10.65% for higher loan amounts. In the US market, 30-year VA loan rates increased to 6.720% from 6.583%, while 30-year USDA loan rates rose to 6.717% from 6.571%.
The rate guide categorizes home loans into three segments: under ₹30 lakh, ₹30-75 lakh, and above ₹75 lakh. According to The Hindu BusinessLine, banks typically offer floating rates for all loan amounts, while fixed rates are primarily available for higher loan amounts. Some institutions, including Axis Bank, DBS Bank, and Kotak Mahindra Bank, maintain consistent rate structures across all loan categories, while others like IDBI Bank offer differentiated pricing for different loan amounts. In the US market, mortgage applications dipped 1.5% for the week ending September 18, with adjustable-rate mortgage share reaching 9.8% as borrowers seek lower rates amid rising fixed-rate costs.
