How home loan rates are set
Home loan interest rates in India are influenced by the RBI repo rate, lender funding costs, your credit profile, loan amount, property type and tenure. Rates vary across banks and NBFCs, which is why comparing offers matters.
FinGrowth partners with 35+ lenders to help you find competitive home loan rates tailored to your eligibility and repayment capacity. Start with our loan services or review home loan eligibility criteria first.
Fixed vs floating interest rates
- Fixed rate: EMI stays constant for a defined period. Offers predictability but may start slightly higher.
- Floating rate: Linked to benchmarks like repo rate or MCLR. EMIs change when rates move up or down.
- Hybrid: Fixed for initial years, then switches to floating — common in many Indian home loan products.
Factors that affect your rate
- CIBIL score and credit history — see our CIBIL score guide
- Loan-to-value ratio and down payment size
- Property location, builder reputation and approval status
- Employment type — salaried vs self-employed
- Existing relationship with the lender
