Loan Eligibility & Rate Checker
How much home loan or car loan can you get, and at what rate? Enter your income, existing EMIs and CIBIL score, then the property value or the car's on-road price. See your likely loan amount and the rate, EMI and processing fee at 11 public sector banks, from their official websites.
Rate = the bank's published rate for your CIBIL score (or its range where a bank publishes only a range). EMI and fee are for the loan amount above. Fee includes 18% GST. Not a recommendation; the bank decides your final rate and amount.
Home loan interest rates of public sector banks (17.10.2026)
Lowest published home loan rate today: 7.25%. All rates below are floating and linked to the RBI repo rate (now 5.50%), for loans to individuals.
| Bank | Home loan rate | Processing fee | Source |
|---|---|---|---|
| State Bank of IndiaEBLR 8.15% from 15.10.2026 | 7.50% to 8.80%depends on CIBIL / credit grade | 0.35% of the loan (min ₹5,000, max ₹15,000); max ₹18,000 if self-employed + GST | Rates ↗ Fees ↗ |
| Punjab National BankRLLR 8.35% from 08.10.2026 | 7.45% to 9.25%800+: 7.45% · 750–799: 7.50% · 700–749: 8.05% · 600–699: 9.25% | 0.35% of the loan (min ₹2,500, max ₹15,000), plus ₹1,350 documentation + GST. Waived till 31.12.2026 | Rates ↗ Fees ↗ |
| Bank of BarodaBRLLR 8.15% from 08.10.2026 | 7.45% to 9.20%depends on CIBIL / credit grade | 0.50% (min ₹8,500, max ₹15,000) up to ₹50,00,000; 0.25% (min ₹8,500, max ₹25,000) above ₹50,00,000 + GST | Rates ↗ Fees ↗ |
| Canara BankRLLR 8.25% from 09.10.2026 | 7.55% to 10.25%depends on CIBIL / credit grade | 0.50% of the loan (min ₹1,500, max ₹10,000) + GST. Waived till 31.12.2026 | Rates ↗ Fees ↗ |
| Union Bank of IndiaEBLR 8.25% from 08.10.2026 | 7.40% to 9.60%825+: 7.40% · 800–824: 7.45% · 750–799: 7.60% · 700–749: 8.00% · 680–699: 8.25% · 650–679: 9.10% · 600–649: 9.60% | 0.50% of the loan (max ₹15,000) + GST | Rates ↗ Fees ↗ |
| Indian BankRBLR 8.20% from 08.10.2026 | 7.40% to 8.80%depends on CIBIL / credit grade | ₹1,500 up to ₹25,00,000; ₹2,500 up to ₹75,00,000; ₹5,000 above ₹75,00,000 + GST | Rates ↗ Fees ↗ |
| Central Bank of IndiaRBLR 8.50% from 08.10.2026 | 7.45% to 9.00%depends on CIBIL / credit grade | 0.50% of the loan (min ₹2,500, max ₹20,000), plus ₹1,350 documentation + GST | Rates ↗ Fees ↗ |
| Indian Overseas BankRLLR 8.35% from 08.10.2026 | 7.45% to 8.55%800+: 7.45% · 775–799: 7.50% · 750–774: 7.80% · 725–749: 8.10% · 700–724: 8.20% · 680–699: 8.45% | 0.50% (max ₹20,000) up to ₹75,00,000; 0.50% (max ₹25,000) above ₹75,00,000 + GST | Rates ↗ Fees ↗ |
| UCO BankRLLR 8.30% from 08.10.2026 | 7.40% to 9.50%850+: 7.40% · 825–849: 7.50% · 800–824: 7.60% · 750–799: 7.80% · 700–749: 8.10% · 650–699: 8.40% · 600–649: 9.50% | 0.50% of the loan (min ₹1,500, max ₹15,000) + GST. Festive offer: waived at present | Rates ↗ Fees ↗ |
| Bank of MaharashtraRLLR 8.30% from 09.10.2026 | 7.25% to 9.90%800+: 7.25% · 750–799: 7.50% · 725–749: 7.95% · 700–724: 8.00% · 650–699: 8.60% · 600–649: 9.00% · below 600: 9.40% | 0.25% of the loan (max ₹25,000) + GST | Rates ↗ Fees ↗ |
| Punjab & Sind BankPRLR 7.60% from 08.10.2026 | 7.60% to 9.35%825+: 7.60% · 791–824: 7.70% · 750–790: 7.85% · 725–749: 8.20% · 700–724: 8.55% · 650–699: 9.35% | 0.15% (min ₹1,000, max ₹3,750) up to ₹25,00,000; 0.25% (max ₹12,500) up to ₹50,00,000; 0.25% (max ₹15,000) up to ₹75,00,000; 0.25% above ₹75,00,000 + GST | Rates ↗ Fees ↗ |
- SBI: Rate within this range depends on CIBIL score. Non-salaried borrowers with CIBIL below 825 pay 0.10% more.
- PNB: Rates for loans up to 80% of the property value, during PNB's festive campaign (01.10.2026 to 31.12.2026). 7.45% at CIBIL 800+ applies to loans above ₹30 lakh. Loans above 80% of value cost 0.10% more.
- BoB: BRLLR − 0.70% to BRLLR + 1.05%, depending on loan amount and CIBIL score. (The bank's page still lists 7.20% to 8.95%, calculated on its earlier BRLLR.)
- Canara: For loans up to ₹50 lakh; the rate depends on the bank's internal credit risk grade. Slightly lower for larger loans.
- Union: Women borrowers (house owned singly or jointly) get 0.05% less at CIBIL 680 to 749.
- Indian: The bank's loan rate page (last updated 10.09.2026) lists 7.15% to 8.55%. Its RBLR rose by 0.25% on 08.10.2026, so current rates are shown 0.25% higher.
- Central: Cent Home: RBLR − 1.05% to RBLR + 0.50%, based on CIBIL score. Women: Cent Grih Lakshmi scheme.
- UCO: Women borrowers get 0.05% less.
- BoM: Women borrowers get 0.05% less only when CIBIL is below 725.
- P&SB: PSB Apna Ghar scheme.
Car loan interest rates of public sector banks (17.10.2026)
New car loans for individuals. Lowest published rate today: 7.70%. SBI's car loans are fixed-rate; the other banks' are floating and linked to the RBI repo rate.
| Bank | Car loan rate | Processing fee | Source |
|---|---|---|---|
| State Bank of India3M MCLR 8.40% from 15.10.2026 | 8.55% to 9.50%800+: 8.55% · 775–799: 8.70% · 757–774: 8.80% · 721–756: 9.05% · 700–720: 9.30% · 650–699: 9.40% | ₹500 up to ₹5,00,000; ₹1,000 up to ₹10,00,000; ₹1,500 above ₹10,00,000 (self-employed: ₹750 / ₹1,250 / ₹2,000) + GST | Rates ↗ Fees ↗ |
| Punjab National BankRLLR 8.35% from 08.10.2026 | 7.90% to 9.95%750+: 7.90% · 700–749: 8.95% · 681–699: 9.95% | 0.25% of the loan (min ₹1,000, max ₹1,500) + GST. Waived till 31.12.2026 | Rates ↗ Fees ↗ |
| Bank of BarodaBRLLR 8.15% from 08.10.2026 | 7.85% to 11.55%depends on CIBIL / credit grade | ₹1,500 up to ₹10,00,000; ₹2,000 above ₹10,00,000 + GST | Rates ↗ Fees ↗ |
| Canara BankRLLR 8.25% from 09.10.2026 | 7.80% to 10.95%depends on CIBIL / credit grade | 0.25% of the loan (min ₹1,000, max ₹5,000) + GST. Waived till 31.12.2026 | Rates ↗ Fees ↗ |
| Union Bank of IndiaEBLR 8.25% from 08.10.2026 | 7.85% to 10.25%800+: 7.85% · 776–799: 8.00% · 750–775: 8.05% · 700–749: 8.45% · 680–699: 9.00% · 650–679: 9.75% · below 650: 10.25% | ₹1,000 per loan + GST | Rates ↗ Fees ↗ |
| Indian BankRBLR 8.20% from 08.10.2026 | 7.80% to 9.10%depends on CIBIL / credit grade | ₹1,200 per loan + GST | Rates ↗ Fees ↗ |
| Central Bank of IndiaRBLR 8.50% from 08.10.2026 | 7.90% to 9.55%depends on CIBIL / credit grade | 0.50% of the loan (min ₹2,000, max ₹20,000) + GST | Rates ↗ Fees ↗ |
| Indian Overseas BankRLLR 8.35% from 08.10.2026 | 7.85% to 8.85%800+: 7.85% · 775–799: 7.90% · 750–774: 7.95% · 725–749: 8.00% · 700–724: 8.10% · 680–699: 8.85% | 0.50% of the loan (min ₹500, max ₹5,000) + GST | Rates ↗ Fees ↗ |
| UCO BankRLLR 8.30% from 08.10.2026 | 7.70% to 10.25%825+: 7.70% · 800–824: 7.90% · 750–799: 8.00% · 700–749: 8.60% · 650–699: 9.30% · 600–649: 10.25% | 0.50% of the loan (max ₹5,000) + GST. Festive offer: waived at present | Rates ↗ Fees ↗ |
| Bank of MaharashtraRLLR 8.30% from 09.10.2026 | 7.70% to 12.00%800+: 7.70% · 776–799: 7.90% · 750–775: 8.00% · 700–749: 8.30% · 650–699: 9.85% · 600–649: 10.15% · below 600: 10.90% | 0.25% of the loan (min ₹1,000, max ₹15,000) + GST | Rates ↗ Fees ↗ |
| Punjab & Sind BankPRLR 7.60% from 08.10.2026 | 7.85% to 9.65%825+: 7.85% · 791–824: 8.15% · 750–790: 8.25% · 725–749: 8.50% · 700–724: 8.85% · 650–699: 9.65% | 0.25% of the loan (min ₹1,000, max ₹15,000) + GST | Rates ↗ Fees ↗ |
- SBI: Fixed rate for the whole loan: rates are for 3 to 5 years, 0.10% more above 5 years. New-to-credit borrowers are priced on SBI's own risk score.
- PNB: Women borrowers get 7.90% at any CIBIL score.
- BoB: BRLLR − 0.30% to BRLLR + 3.40%, based on CIBIL score (minimum 701; no credit history accepted). 0.05% more without group credit life insurance.
- Canara: Depends on the bank's internal credit risk grade; lower for loans above ₹15 lakh.
- Indian: The bank's loan rate page (last updated 10.09.2026) lists 7.55% to 8.85%; shown 0.25% higher after the RBLR rise on 08.10.2026.
- Central: Cent Vehicle: RBLR − 0.60% to RBLR + 1.05%, based on CIBIL score.
- UCO: Finances up to 80% of the on-road price. At CIBIL 700 to 749 some borrower categories get 8.25% or 8.35%.
- BoM: Existing home loan borrowers of the bank can get up to 100% of the on-road price and 0.25% less.
- P&SB: PSB Apna Vahan scheme.
How banks decide your home loan eligibility
- Income (FOIR): all your EMIs together are usually kept within 50% to 60% of your monthly take-home income. This calculator uses 50% up to ₹50,000 a month, 55% up to ₹1 lakh and 60% above that.
- Property value (LTV): RBI allows up to 90% of the property value for loans up to ₹30 lakh, 80% up to ₹75 lakh and 75% above that.
- Age and tenure: up to 30 years, usually ending by about age 70 (some banks allow up to 75).
- CIBIL score: decides your rate at most banks. A score of 750+ gets the lowest published rates.
How banks decide your car loan eligibility
- On-road price: most public sector banks fund up to 90% of the on-road price; you pay the rest as down payment.
- Income: the same EMI limit as home loans applies (50% to 60% of take-home income, counting your other EMIs).
- Tenure: up to 7 years (84 months) for a new car, ending by about age 70.
Frequently asked questions
How much home loan can I get on my salary?
Banks usually allow all your EMIs together (the new home loan plus existing loans) to be about 50% to 60% of your monthly take-home income. For example, with ₹60,000 take-home and no other loans, an EMI of about ₹33,000 is usually possible, which is roughly ₹38 lakh to ₹40 lakh over 20 years at 7.5% to 8%. The loan also cannot exceed the RBI limit on the property value.
How much of the property value will a bank finance?
RBI caps housing loans at 90% of the property value for loans up to ₹30 lakh, 80% for loans above ₹30 lakh up to ₹75 lakh, and 75% above ₹75 lakh. You pay the rest (the margin) yourself. Stamp duty and registration are usually not counted in the property value.
What CIBIL score is needed for a home loan?
Most public sector banks publish their best home loan rates for a CIBIL score of 750 to 800 and above. Many lend down to 650 or even 600 at a higher rate. If you have no credit history (score -1 or 0), several banks still lend at a published rate for new-to-credit borrowers.
Is there a prepayment or foreclosure charge on a home loan?
No, for floating-rate home loans to individuals. RBI rules do not allow banks to charge for prepaying or closing such loans, from your own money or by moving the loan to another bank. All the rates on this page are floating (repo-linked).
Why do banks show a rate range instead of one rate?
The rate depends mainly on your CIBIL score, and at some banks also on the loan amount, the loan-to-value ratio, whether you are salaried, and on special schemes for women or government employees. Some banks publish a rate for each CIBIL band; others publish only the range.
Will my home loan rate change after I take the loan?
Yes. These loans are linked to the RBI repo rate, so the rate moves when RBI changes the repo rate, at your loan's next reset. Use the Loan Rate Change Checker to see the effect on your EMI.
How much car loan can I get?
Public sector banks usually fund up to 90% of the on-road price of a new car (ex-showroom price, registration and insurance), for up to 7 years. The EMI must also fit within about 50% to 60% of your take-home income, together with your other EMIs. Some banks fund less, for example 80%, and some fund up to 100% for their existing home loan customers.
Are car loan rates fixed or floating?
Most public sector banks offer floating (repo-linked) car loans, which have no prepayment or foreclosure charges for individuals under RBI rules. SBI's car loans are fixed-rate: the rate stays the same for the whole loan, but prepayment charges may apply. Check the loan agreement before you sign.
Related: EMI calculator with prepayment · Will my loan rate change? · Wrong entry in your CIBIL report?
Built by Sathikbasha, a banking professional from Pondicherry, India. Results are estimates for guidance only; your bank's documents are the final reference. Views expressed on this website are personal and do not represent any employer or institution. Content is for general awareness and education only and is not financial or investment advice.