Looking for the lowest home loan interest rates for women? Discover how women borrowers can benefit from concessional interest rates, special offers, eligibility criteria, and practical tips to choose the right home loan and reduce borrowing costs.
Anjali Singh
Assistant Manager
Women in India have gained significant financial independence over the last few decades. Today, many women are choosing to invest in their own homes. To encourage more women buyers, there are various home loan offers that are available in the market.
Loans for buying homes are offered by various banks in India. In this guide, we will take a look at the available home loan interest rate for women today.
While purchasing a home, even a small difference in interest rates can reduce the overall amount that you will have to pay back. As a result, a slightly reduced home loan interest rate for ladies can bring down your monthly EMI. Under various government schemes, women get a reduction of 0.05% by most banks in the country.
This is backed by two separate policy incentives.
The PMAY condition alone gives lenders a strong reason to extend preferential pricing to women applicants. The 5% concession on home loan rate for women is industry-standard at most banks. However, the exact terms vary by scheme and loan amount.
Here is a list of the women's home loan interest rate offered by top banks and NBFCs in India:
|
Banks |
Interest rate |
Processing fee |
|
Union Bank of India Home Loan |
7.15% p.a. onwards |
Up to 0.50% |
|
Kotak Mahindra Home Loan |
7.70% p.a. onward |
Up to 0.50% |
|
Bank of Baroda Home Loan |
7.20% p.a. onwards (floating); 8.90% p.a. onwards (fixed) |
Up to 0.50% |
|
SBI Home Loan |
7.25% p.a. onwards |
0.35% (max ₹10,000) |
|
HDFC Ltd. Home Loan |
7.90% p.a. onwards |
Up to 0.50% |
|
Axis Bank Home Loan |
8.00% p.a. onwards (floating); 14.00% p.a. (fixed) |
|
|
LIC HFL Home Loan |
7.15% p.a. onwards |
Up to 0.25% plus taxes |
State Bank of India offers one of the most competitive ladies home loan interest rate in India. The 'SBI Her Ghar' scheme is a loan product that is specifically designed for women and easily available online. In order to avail this scheme, the woman needs to be the sole or the first applicant for the loan. The property acquired needs to be in the name of the said woman applicant.
SBI home loan details:
|
Particulars |
Details |
|
Interest Rate |
7.25% p.a. to 10.50% p.a. |
|
Loan Amount |
Based on eligibility |
|
Processing Fees |
0.35% onwards |
|
Prepayment/Foreclosure Charges |
Nil |
|
Max Tenure |
30 Years |
|
Rate Packages Available |
Floating |
|
Tenure |
HDFC Bank offers affordable home loan interest for women for eligible borrowers. HDFC also supports end-to-end digital processing, which is useful for applicants in cities where branch visits aren't convenient. Salaried women with a good CIBIL score can easily get favourable interest terms. Pre-approval letters are valid for up to 6 months.
HDFC Bank home loan details:
|
Particulars |
Details |
|
Interest Rate |
7.75% p.a. onwards |
|
Repo Rate |
5.25% |
|
Loan Amount |
Based on the borrower profile |
|
Processing Fees |
Up to 0.50% (minimum Rs. 3,300) |
|
Penal Interest Rate |
Up to 18% p.a. |
|
Prepayment/Foreclosure Charges |
2.5% |
|
Maximum Tenure |
30 years |
|
Rate Packages |
Fixed/Floating |
ICICI Bank is one of the best lenders offering a competitive home loan interest rate for women. The 5 bps concession for women is offered on top of the applicable rates offered to you. In order to get the best loan terms, it is better that you have a good CIBIL score and a strong income source. ICICI Bank also offers a 'Step Up' repayment structure that lets you pay lower EMIs in the initial years.
ICICI Bank home loan details:
|
Particulars |
Details |
|
Interest Rate |
9.00% p.a. to 10.05% p.a. |
|
Loan Amount |
Based on eligibility and profile |
|
Processing Fees |
0.50% of the sanctioned loan amount |
|
Max Tenure |
Up to 30 years |
|
Foreclosure Charges |
Nil |
Axis Bank also offers home loan interest rate for ladies at a 5 bps concession. Axis Bank's 'Shubh Aarambh' scheme targets first-time homebuyers and offers additional benefits for eligible women. However, it is recommended to have a CIBIL score of 751 or above to receive approval.
Axis Bank home loan details:
|
Parameter |
Details |
|
Interest Rate |
8.00% p.a. onwards (floating); 14.00% p.a. (fixed) |
|
Loan Amount |
Based on your income |
|
Processing Fees |
Up to 1% of the loan amount or minimum ₹10,000 |
|
Penal Interest Rate |
Additional 8% p.a. above the applicable interest rate |
|
Prepayment/Foreclosure Charges |
|
|
Max Tenure |
Upto 30 years |
|
Rate Packages Available |
Floating / Fixed |
LIC Housing Finance or LIC HFL applies a 5 bps concession to the standard home loan interest rate for ladies. Similar to other banks, the woman should be either the sole owner or co-owner of the property, and must be listed as the applicant or co-applicant in the loan. This bank waives the minimum CIBIL score requirement for good loan terms.
LIC home loan details:
The home loan rate of interest for women is affected by several factors. They are:
In order to get the lowest home loan interest rate for female buyers, you can follow these tips:
The home loan interest rate for women in India is lower than the standard rate at most scheduled commercial banks. This concession can be a real advantage to first-time home buyers. Additionally, you should also maintain a strong credit profile and a stable employment history for better loan terms. Try to also compare multiple lenders to get the best possible interest rates.
At My Mudra, we help you compare home loan interest rates across banks and NBFCs in one place. On our platform, you can see your actual eligible rate before committing to an application. Our eligibility check is a soft enquiry and won't affect your credit score. Use our online EMI calculator to structure a good repayment plan so that you never miss a payment.
Also Read:
- Lowest Home Loan Interest Rate for Balance Transfer in India
- Home Loan for Women in India: Benefits, Rates & Tax Savings (2026)
Yes. Most scheduled commercial banks and large housing finance companies in India offer a concession of 5 basis points (0.05%) on the home loan rate of interest for women. The woman should be the primary applicant or co-applicant for the loan, and must be listed as the owner or co-owner of the property. The concession is applied automatically to the applicable rate slab.
The lowest interest rates on home loans are offered by SBI, Axis Bank, HDFC Bank, LIC and ICICI Bank. For women, the 0.05% concession is provided by all of them.
Yes, the home loan interest rate for ladies concession of 5 bps is offered by most public banks. LIC HFL additionally waives the CIBIL score requirement for women borrowers. The PMAY-U 2.0 scheme has mandated that the woman should be named as the sole or co-owner of the property.
Assistant Manager
Hey there, I'm Anjali Singh. With over 6 years of experience in finance, I specialize in creating content on banking, loans, and financial planning. My goal is to simplify complex financial topics and help readers make informed decisions through my articles.
Secure Loan · Jul 24, 2026
Check home loan eligibility for self employed applicants. Learn criteria, documents required, income assessment, and tips to improve loan approval chances with My Mudra.
Secure Loan · Jul 9, 2026
A complete guide to home loan eligibility for salaried applicants covering salary criteria, documents, CIBIL score, EMI, and loan approval tips. Read Our Blog.
Secure Loan · Jul 7, 2026
Planning to apply for a joint home loan? Learn how adding a co-applicant can increase your home loan eligibility, improve approval chances, and help you secure a higher loan amount with attractive repayment benefits.
