As of March 2025, ICICI Bank provided the lowest interest rates for its home loans in India, with an average of **** percent. Bank of Maharashtra accounted for the highest interest rate with an average of **** percent.

In the year 2022, lending interest rate in India stood at *** percent. This was a slight reduction from last year's rate of *** percent. Lending rate refers to the bank rate that generally caters to the short- and medium- term financing needs of the private sector.

Bank Lending Rate in India remained unchanged at 9.46 percent in October. This dataset provides - India Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Discover the booming Indian home loan market! This in-depth analysis reveals key trends, growth drivers, and regional insights for 2025-2033, highlighting top players like HDFC and LIC Housing Finance. Explore market size, CAGR, segmentation, and future projections for lucrative investment opportunities. Recent developments include: June 2023: In a major development, HDFC (Housing Development Finance Corporation) and HDFC Bank came into a merger on July 1, paving the way for the country's largest corporate merger. Following this, HDFC shares were delisted on July 13 and amalgamated into HDFC Bank., May 2023: LIC Housing Finance (LIC HF) is expected to expand its branches in new geographies, increase focus on high-yielding loan against property (LAP), and intensify recovery efforts as it consolidates its position as the largest housing finance company after the merger of larger rival Housing Development Finance Corp with its banking arm.. Key drivers for this market are: Growing Urbanization, Low-Interest Rates. Potential restraints include: Growing Urbanization, Low-Interest Rates. Notable trends are: Lower Interest Rates is Expected to Drive the Market.

In financial year 2021, the effective interest rate on home loans was a little over ***** percent on average. This was a slight increase compared to the previous year, when the interest rate stood at *** percent. This increase happened after years of decreasing interest rates.

The reasons for this decline over the last decade are the general decrease in the nominal interest rate as well as the introduction of governmental subsidy programs such as the Credit Linked Subsidy Scheme (CLSS). In general, home loans in 2020 were more affordable than in 2000.

The India Home Loan Market Report is Segmented by Loan Type (Fixed-Rate Home Loans, Floating-Rate Home Loans), Provider Type (Public Sector Banks, Private Sector Banks, Housing Finance Companies, Non-Banking Financial Companies), Customer Type (Salaried, Self-Employed), Interest-Subsidy Scheme Participation (PMAY-CLSS Beneficiaries, Non-Subsidized Loans). The Market Forecasts are Provided in Terms of Value (USD)

Actual value and historical data chart for India Lending Interest Rate Percent

The benchmark interest rate in India was last recorded at 5.50 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Forecast: Bank Lending Interest Rate in India 2022 - 2026 Discover more data with ReportLinker!

The dataset shows structure of interest rates

Note: 1. For the year 1995-96, interest rate on deposits of maturity above 3 years, and from 1996-97 onwards, interest rates on deposit for all the maturities refer to the deposit rates of 5 major public sector banks as at end-March. 2. From 1994-95 onwards, data on minimum general key lending rates prescribed by RBI refers to the prime lending rates of 5 major public sector banks. 3. For 2011-12, data on deposit rates and Base rates of 5 major public sector banks refer to the period up to July 31, 2010. From July 1, 2010 BPLR System is replaced by Base Rate System. Accordingly the data reflects the Base Rate of five major public sector banks. Data for 2010-11 for Call/Notice Money rates are average of April-July 2010. 4. Data for dividend rate and yield rate for units of UTI are based on data received from Unit Trust of India. 5. Data on annual(gross) redemption yield of Government of India securities are based on redemption yield which is computed from 2000-01 as the mean of the daily weighted average yield of the transactions in each traded security. The weight is calculated as the share of the transaction in a given security in the aggregated value. 6. Data on prime lending rates for IDBI, IFCI and ICICI for the year 1999-00 relates to long-term prime lending rates in January 2000. 7. Data on prime lending rates for State Financial Corporation for all the years and for other term lending institutions from 2002-03 onwards relate to long-term (over 36-month) PLR. 8. Data on prime lending rate of IIBI/ IRBI from 2003-04 onwards relate to single PLR effective July 31, 2003. 9. IDBI ceased to be term lending institution on its conversion into a banking entity effective October 11, 2004. 10. ICICI ceased to be a term-lending institution after its merger with ICICI Bank. 11. Figures in brackets indicate lending rate charged to small-scale industries. 12. IFCI has become a non-bank financial company. 13. IIBI is in the process of voluntary winding up. 14. Figures for 2015-16 are as on July 14, 2015. 15. 2024-25 data : As on September 1, 2024; except for WALRs, WADTDR and 1-year median MCLR (July 2023). 16. * : Data on deposit and lending rates relate to five major Public Sector Banks up to 2003-04. While for the subsequent years, they relate to five major banks. 17. # : Savings deposit rate from 2011-12 onwards relates to balance up to 1 lakh. Savings deposit rate was deregulated with effect from October 25, 2011. 18. $ : Data on Weighted Average Lending Rates (WALRs), weighted Average Domestic Term Deposit Rate (WADTDR) and 1-year median marginal cost of funds-based lending rate (MCLR) pertain to all scheduled commercial banks (excluding RRBs and SFBs). 19. Data on lending rates in column (7) relate to Benchmark Prime Lending Rate (BPLR) for the period 2004-05 to 2009-10; Base Rate for 2010-11 to 2015-16 and Marginal Cost of Funds Based Lending Rate (MCLR) (overnight) for 2016-17 onwards. BPLR system was replaced by the Base Rate System from July 1, 2010, which, in turn, was replaced by the MCLR System effective April 1, 2016.

The India Home Mortgage Finance Market Report is Segmented by Loan Purpose (Purchase, Home Improvement/Renovation, Loan Against Property, Others), Provider (Banks, Housing Finance Companies, Others), Interest Rates (Fixed, Floating), and Loan Tenure (≤10 Years, 11-20 Years, More Than 20 Years). The Market Forecasts are Provided in Terms of Value (USD).

In financial year 2024, banks in India advanced over *** trillion Indian rupees in housing loans. This was an increase compared to the previous year. This reflected renewed homebuyer sentiment, as an increasing number of Indians were investing in buying residential property. Growth of home loans market Forty years ago, home loans were an alien concept. People would direct their provident fund savings and retirement benefits toward buying a home. However, three key institutions: HDFC, ICICI Ltd, and the State bank of India with their new lending concepts led to significant changes in the home loan market. Currently different commercial banks, NBFCs, and housing finance companies have flooded the mortgage market, and giving prospective home buyers from diverse strata of society with bargaining power and a chance at affording a home. Inflation and home loans   India is not untouched by global inflation. To address the problem, the Reserve Bank of India hiked the repo rate **** times since April 2022 to *** percent. Consequently, leading banks and housing finance companies raised their lending rates. For a prospective homebuyer, this meant a rise in tenure for home loans. In other words, equivalent monthly payments (EMIs)for homebuyers have lengthened and become more expensive. In financial year 2022, banks in India advanced around *** trillion Indian rupees in housing loans almost reaching pre-COVID levels.

Discover the booming Indian home mortgage finance market! Explore key trends, growth projections (CAGR > 7%), leading players (HDFC, LIC Housing Finance, etc.), and market segmentation analysis for 2019-2033. Understand the drivers, restraints, and future opportunities in this dynamic sector. Recent developments include: November 2022: Tata Capital Housing Finance, a Tata Capital subsidiary, intends to push into the home loan market significantly. To do so, it is looking for the capital of INR 3,000 crore from the National Housing Bank and intends to raise INR 1,000 crore through bonds. Both retail and real estate developers are expected to be eligible for financing from the organization., October 2022: Private sector lender HDFC Bank will complete its planned merger with Housing Development Finance Corp. Ltd by the first quarter of FY24 instead of the original target of the third quarter.. Notable trends are: Availability of Affordable Housing in India is Driving the Market Growth.

India Foreign Banks: Term Loan Rate: High: Commonwealth Bank of Australia data was reported at 9.900 % pa in Dec 2016. This records a decrease from the previous number of 11.400 % pa for Sep 2016. India Foreign Banks: Term Loan Rate: High: Commonwealth Bank of Australia data is updated quarterly, averaging 13.000 % pa from Sep 2010 (Median) to Dec 2016, with 26 observations. The data reached an all-time high of 14.000 % pa in Mar 2013 and a record low of 9.900 % pa in Dec 2016. India Foreign Banks: Term Loan Rate: High: Commonwealth Bank of Australia data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MB041: Lending Rate: Other than Export Credit: Term Loan Rate: High.

India Weighted Average Lending Rates: Outstanding Ruppe Loans: Public Sector Banks data was reported at 10.060 % in Sep 2018. This records a decrease from the previous number of 10.110 % for Aug 2018. India Weighted Average Lending Rates: Outstanding Ruppe Loans: Public Sector Banks data is updated monthly, averaging 11.495 % from Feb 2012 (Median) to Sep 2018, with 80 observations. The data reached an all-time high of 12.690 % in Apr 2012 and a record low of 10.060 % in Sep 2018. India Weighted Average Lending Rates: Outstanding Ruppe Loans: Public Sector Banks data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MB007: Lending Rate: Weighted Average Lending Rates.

India Weighted Average Lending Rates: Quarterly: Fresh Rupee Loans Sanctioned: Public Sector Banks data was reported at 9.380 % in Dec 2018. This records a decrease from the previous number of 9.450 % for Sep 2018. India Weighted Average Lending Rates: Quarterly: Fresh Rupee Loans Sanctioned: Public Sector Banks data is updated quarterly, averaging 10.410 % from Mar 2013 (Median) to Dec 2018, with 24 observations. The data reached an all-time high of 11.820 % in Sep 2013 and a record low of 9.040 % in Mar 2018. India Weighted Average Lending Rates: Quarterly: Fresh Rupee Loans Sanctioned: Public Sector Banks data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MB007: Lending Rate: Weighted Average Lending Rates.

India: Bank lending-deposit interest rate spread : The latest value from is interest rate points, unavailable from interest rate points in . In comparison, the world average is 0.00 interest rate points, based on data from countries. Historically, the average for India from to is interest rate points. The minimum value, interest rate points, was reached in while the maximum of interest rate points was recorded in .

The average for 2023 based on 88 countries was 14.12 percent. The highest value was in Zimbabwe: 170.29 percent and the lowest value was in Switzerland: 2.86 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

This dataset provides values for BANK LENDING RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

India Foreign Banks: Term Loan Rate: At Least 60% Business: High: Sber Bank data was reported at 12.100 % pa in Dec 2018. This stayed constant from the previous number of 12.100 % pa for Sep 2018. India Foreign Banks: Term Loan Rate: At Least 60% Business: High: Sber Bank data is updated quarterly, averaging 13.750 % pa from Sep 2014 (Median) to Dec 2018, with 18 observations. The data reached an all-time high of 13.750 % pa in Jun 2017 and a record low of 10.500 % pa in Jun 2018. India Foreign Banks: Term Loan Rate: At Least 60% Business: High: Sber Bank data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MB043: Lending Rate: Other than Export Credit: Term Loan Rate: At Least 60% Business: High.