Indian Bank Home Loan interest rates · November 2026
Your home loan at Indian.
Choose a scheme. Understand the rate. Explore your repayment.
What would I pay each month?
See scheme conditions Scheme selected for illustration. Check eligibility with the bank.
About you
Indian's published home loan rates are the same whatever your credit score, income, gender or employer, so there's nothing to ask. Where you land inside a scheme's range is up to the bank.
At 7.35%, you repay ₹95.57 lakh: ₹50 lakh borrowed and ₹45.57 lakh interest.
In the first 11 years, most of each EMI is interest. From year 12, most of it repays the loan.
Every 0.25% off the rate saves about ₹757 a month. Worth asking for.
Range estimate, not your approved offer. Excludes fees. Assumes the rate stays unchanged.
Scheme conditions & source
Understand this scheme
- Published rate
- 7.35%–8.80% p.a.
- Rate type
- Floating
- Pricing published as
- Not stated
- Benchmark
- –
- Who it's for
- As the bank's conditions say
What still needs confirming
- Your eligible rate and the scheme's conditions
- Processing fees and other charges
- How often the rate resets, and to what
Effective date not stated · checked 15 Nov 2026
Compare Indian's home loan schemes
Different schemes have different conditions. Starting rates are not personalised quotes.
| Scheme | Published rate | EMI range* | Choose |
|---|---|---|---|
| IB Home Loan, IB Home Loan (NRI) | 7.35%–8.80% | ₹39,822–₹44,345 | Selected |
| Home Loan for EWS, LIG & MIG Individuals: Urban Areas | 7.40%–8.80% | ₹39,974–₹44,345 | |
| IB Home Loan (CRE) | 7.90%–9.30% | ₹41,511–₹45,955 | |
| IB Home Loan Plus | 7.90%–10.05% | ₹41,511–₹48,417 |
*₹50 lakh over 20 years, before fees. Scheme names follow the bank's published wording.
How Indian compares
Each bank's lowest published rate, and what the same loan would cost a month there. Before charges.
The rates Indian's loans are linked to
A floating loan's rate is one of these plus a spread fixed when you borrow. When it moves, your EMI or your term moves at the next reset.
MCLR by reset period · from 3 Nov 2026
| Reset period | Compared | MCLR |
|---|---|---|
| Overnight | 8.00% | |
| 1 month | 8.30% | |
| 3 months | 8.60% | |
| 6 months | 8.85% | |
| 1 year | 8.95% |
A loan on MCLR resets at the end of its period, most often one year, to the MCLR then plus its spread. If yours is still on MCLR, you can ask to move it to the repo-linked rate.
| Older benchmark | Rate | Effective from |
|---|---|---|
| Base rate | 9.55% | 3 Oct 2026 |
| Benchmark prime lending rate (BPLR) | 13.80% | 3 Oct 2026 |
Loans taken before April 2016 may still be linked to these.
Official Checked 15 Nov 2026 · Bank's page 1 · Bank's page 2
Indian home loan: questions borrowers ask
Which Indian home loan scheme has the lowest rate?
IB Home Loan, IB Home Loan (NRI), from 7.35% a year. Indian Bank publishes 4 home loan schemes we read; each has its own conditions, so check which you qualify for.
What is the Indian home loan interest rate?
As of 15 Nov 2026, Indian Bank publishes home loan rates of 7.35% to 10.05% a year (floating). The rate you are offered depends on your credit score, income and the loan amount.
What is the EMI on a ₹50 lakh home loan from Indian?
At Indian's lowest published rate of 7.35%, a ₹50 lakh home loan over 20 years costs about ₹39,822 a month, or ₹45,57,354 in interest over the loan. Charges and insurance are extra.
Are Indian loans linked to the repo rate?
Indian Bank's repo-linked lending rate (RBLR) is 8.20% from 8 Oct 2026. Floating retail loans are priced from it, plus a spread fixed when you borrow.
What is Indian's MCLR?
Indian Bank's 1-year MCLR is 8.95%, effective 3 Nov 2026. Loans taken between 2016 and 2019 and many business loans are linked to it.
Is Indian cheaper than other banks for a home loan?
Of the 8 banks we read for home loans, Indian's lowest published rate (7.35%) ranks number 3; the lowest is 7.25% at Central. Compare the charges as well as the rate.
Does RateScan get paid by Indian?
No. We take no referral fees, show no ads and don't take loan applications. Every figure is read from the bank's own page, which is linked from every scheme.
More from Indian
Other banks
How we collect loan rates
From the bank's own pages. Every figure is read from the lending-rate page the bank publishes, and links back to it. Benchmarks are re-read every day.
A published rate is not an offer. Banks set your rate from your credit score, income, the loan amount and the property or vehicle. We show the range the bank publishes; "7.60% onwards" means the bank gave no top figure.
Benchmark plus spread. A floating loan's rate is the bank's benchmark (its repo-linked rate, or MCLR for older loans) plus a spread fixed when you borrow. When the benchmark moves, your rate moves with it at the next reset.
The EMI is worked out on a reducing balance with monthly instalments: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where r is the yearly rate ÷ 12 and n the number of months. It leaves out processing charges and insurance.
No referral fees. We don't take loan applications or get paid by lenders, so the order is the order.
Independent. No referral fees. Official sources.
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