Latest Home Loan Interest Rates of SBI, HDFC, ICICI, BoB, PNB and Other Banks After RBI Repo Rate Decision

The Reserve Bank of India's (RBI) decision to maintain the repo rate at 5.25% in its February 2026 monetary policy review has brought relief and clarity for home loan borrowers. With no immediate rate hike or cut, existing EMIs are set to remain stable, while prospective homebuyers get a clearer picture of borrowing costs.

Latest Home Loan Interest Rates After RBI Monetary Policy Decision: SBI VS HDFC VS BoB VS ICICI Bank VS Other Banks Comparison

Based on the latest home loan interest rates as per Paisabazaar website, here is a look at how the RBI's status quo stance affects EMIs across India's top 10 most widely used banks. Check latest interests on home loan as on 5 February 2026:

1. State Bank of India (SBI)

India's largest lender continues to offer some of the most competitive home loan rates in the market.

SBI Home Loan Interest rate: 7.25% - 8.70%

With RBI holding rates steady, SBI borrowers can expect no change in EMIs, making it a preferred option for salaried and first-time buyers.

2. HDFC Bank home loan interest rate: 7.90% onwards

HDFC Bank is the largest private sector mortgage lender in India. While private banks typically price loans higher than PSUs, policy continuity keeps borrowing costs from rising further.

3. ICICI Bank Home Loan Interest rate: 7.45% onwards

4. Bank of Baroda (BoB)

Bank of Baroda Home Loan Interest rate: 7.20% - 9.25%

The unchanged repo rate helps BoB customers plan repayments with certainty, especially for long-tenure loans.

5. Union Bank of India

Known for concessional rates for specific borrower categories. Union Bank of India's interest rate for home loan is 7.15% - 9.50%.

6. Punjab National Bank (PNB)

One of the oldest public sector banks with a wide housing loan base, Punjab National Bank interest rate is 7.20% - 9.10%. The RBI pause allows PNB borrowers to avoid EMI shocks amid global uncertainty.

7. Bank of India (BoI) Home Loan Interest Rates

BOI offers competitive entry-level Interest rate from 7.10% to 10.25%. With rates unchanged, borrowers at the lower end of the slab benefit the most from policy stability.

8. Canara Bank Home Loan Interest Rates

Interest rate: 7.15% - 10.00%

EMIs are expected to remain unchanged, giving borrowers time to reassess tenure and prepayment strategies.

9. Axis Bank Home Loan Interest rate: 8.00% - 11.90%

10. Kotak Mahindra Bank Home Loan Interest Rate: 7.70% onwards

What RBI's Status Quo Means for Home Loan Borrowers

The RBI's decision to keep rates unchanged signals policy continuity at a time when inflation remains under control but global risks persist. For home loan borrowers, this means:

• No immediate change in EMIs
• Greater confidence in long-term financial planning
• Opportunity to optimise loan tenure or make partial prepayments
• Improved clarity for new buyers considering property purchases

"For home loan borrowers, this status quo provides continued stability and predictability in EMIs, which is critical for long-term financial planning. With affordability holding steady, borrowing sentiment remains positive. The current rate environment should continue to support informed home-buying decisions, encourage first-time ownership, and sustain healthy demand for home loans," Santosh Agarwal, CEO, Paisabazaar.

"The MPC's decision to enhance the limit for collateral-free loans to micro and small enterprises recognises the evolving capital needs of small businesses and first-generation entrepreneurs. Such progressive measures would ease entry barriers and strengthen last-mile lending-critical for supporting entrepreneurship, improving credit penetration, and enabling sustainable growth across India's MSME ecosystem," she added.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.