Neutral impactSector
Home loan EMI calculator: A small difference in interest rates costs you lakhs; check what SBI, BoI, UBI, others offer
Mint 1 hr ago·20 Sept 2026, 5:48 pm
Home loan interest rates are currently in a narrow band, with major lenders like SBI, Bank of India, and UBI offering rates between 7% and 7.45%. While this range may seem small, the impact on your monthly EMI and total repayment is substantial. A mere 0.25% difference in the interest rate can significantly increase your monthly outflow and the total cost of the loan over its tenure.
For investors, this news highlights the importance of monitoring the cost of credit, which influences consumer spending and the broader economy. It also serves as a reminder for borrowers to compare offers carefully, as even a slight variation in rates can lead to a large difference in the total amount repaid. Investors should watch for any shifts in these rates, as they often signal changes in the central bank's monetary policy stance.
Key takeaways
- Category: Sector.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.
