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India Mortgage Rates & Limits 2026

Official rates sourced from RBI Monetary Policy Committee, State Bank of India, HDFC Bank, home loan rates.

Last updated: 2026-06-27

Current Rates

›Since October 2019, all new floating-rate home loans must be linked to an external benchmark (primarily RBI repo rate). Rate changes transmit within 3 months of any RBI rate action.
›LTV norms are set by RBI. For loans above ₹75 lakh, maximum LTV is 75%, requiring a minimum 25% down payment. LTV is calculated on the lower of registered value or market value.
›Processing fees (typically 0.25–1% of loan amount) are charged upfront and are not refundable even if the loan is not disbursed. Compare effective cost, not just interest rate.
›For floating-rate loans, RBI prohibits prepayment penalties. Fixed-rate loans may carry prepayment charges of 2–4%.
›PMAY (Pradhan Mantri Awas Yojana) credit-linked subsidy may reduce effective interest cost for eligible buyers. Consult your lender for scheme-specific eligibility.