Choose the loan type, set your amount and tenure, then hit "Compare Real Banks" - the tool loads current bank rates and ranks them by true total cost.
How the comparison works
Every offer is calculated with the same reducing balance formula and ranked by total cost = total EMI payments + processing fee (+18% GST). A longer tenure lowers the EMI but raises total interest; a high processing fee can make a lower-rate loan costlier. Bank rates shown are starting rates for salaried applicants and are editable by the site owner - always confirm on the bank's official page.
Got a quote from a bank or NBFC not in the list? Add it manually and it joins the comparison (marked Custom).
One click loads a realistic scenario with current bank rates - then you can tweak amount and tenure.
Starting interest rates for salaried applicants, as reported by lender websites (Aug 2026). Rates change frequently - tap a bank for its dedicated ROI page.
| Bank | Loan Type | Starting Rate | Range | Processing Fee |
|---|---|---|---|---|
| Loading current rates... | ||||
Which bank has the lowest home loan rate?
Among major lenders, SBI (from 8.50% p.a.) and PNB (from 8.55%) typically lead, with ICICI and Bank of Baroda close behind (from 8.60%). All home loan rates are repo-linked and move with RBI policy - use this tool's live comparison to see the current cheapest.
Should I compare EMI or total cost?
Always total cost. A longer tenure reduces the EMI but increases total interest; a low headline rate can be offset by a high processing fee. The cheapest loan = lowest total payment + fees, which is how this tool ranks offers.
What are typical processing fees?
Home loans: 0.25-1% of the loan amount (often waived in offers). Personal loans: 0.5-2% (NBFCs up to ~4%). Car loans: 0.4-1%. Add 18% GST on the fee. This tool adds the fee to the total cost automatically.
Is a lower interest rate always better?
Usually, but not always. A 0.15% rate difference matters less than a 1% processing fee on a short-tenure loan. Also check prepayment charges, required balance, and whether the rate is truly floating or a teaser rate.
How accurate are these bank rates?
They are starting rates for salaried applicants as reported by official lender pages and major aggregators, refreshed by the site owner. Your actual rate depends on CIBIL score, income, employer and relationship - the bank's quote is the only binding number.
Calculations are illustrative. Bank rates are indicative starting rates and subject to change without notice - always verify on the official lender website. This tool is not financial advice; consult a SEBI-registered advisor or your bank before borrowing.