Home loan rates October 2026: Compare rates starting from 7% across 12 public sector banks

Are you looking for a home loan? Have you decided which lending institution you will take out your home loan with? Do you have a well-planned strategy not only to borrow but also to ensure you repay the home loan seamlessly?

These are some core questions that an aspiring home loan borrower must answer before proceeding with their home loan application, as proper planning is essential to ensure borrowing remains a pleasant experience.

Furthermore, home loan interest rates start from 7% at some prominent public sector banks in October 2026, although the rate applicable to a borrower can vary based on the lending institution, borrower profile, credit score, past borrowing history, loan amount and other fundamental factors.

With this in mind, let us look at the home loan rates offered by prominent public sector banks in the country for October 2026. The rates provided below cover three loan slabs: up to ₹30 lakh, above ₹30 lakh and up to ₹75 lakh, and above ₹75 lakh.

It is also important to note that Bank of Maharashtra and Central Bank of India offer starting rates of 7% across all three loan slabs. Bank of Maharashtra's rate ranges from 7% to 9.90%, while Central Bank of India's rate ranges from 7% to 9.15%. The complete list of all banks is discussed in detail below.

Public sector bank home loan rates in October 2026