Buying a home in India: mortgage rates and costs
What a mortgage typically costs in India right now, how the central bank rate compares, and a worked monthly payment example you can adjust in our calculators.
Typical mortgage rate
8% – 9.5%
Floating-rate home loans linked to the External Benchmark Lending Rate (Repo + spread).
As of 2025-11-28. Source
Example monthly payment in India
| Purchase price | ₹8,000,000 |
|---|---|
| Deposit (20%) | ₹1,600,000 |
| Loan amount | ₹6,400,000 |
| Interest rate | 8.75% · 20-year term |
| Estimated monthly payment | ₹56,557 |
Illustration only, using the midpoint of the typical rate range. It excludes taxes, insurance and fees. Adjust the figures in the mortgage calculator.