As you explore mortgage loan options in 2025, it’s important to choose the right bank for competitive interest rates, flexible terms, and excellent customer service. Here’s a guide to the best banks offering mortgage loans in India this year.

1. State Bank of India (SBI)

SBI continues to be one of the top choices for mortgage loans in 2025 due to its low interest rates and customer-friendly services. With flexible loan tenures ranging from 5 to 30 years, SBI offers easy accessibility for both salaried and self-employed individuals. Their mortgage loan products, including home loans and loan against property, are highly sought after.

Key Features:

• Interest rates starting from 8.45% p.a.
• Processing fees of up to 0.40% of the loan amount
• Up to 30 years of loan tenure
• Special offers for women borrowers

2. HDFC Bank

HDFC Bank is known for offering excellent mortgage loan products with competitive interest rates. They provide personalized solutions, quick processing, and a straightforward application process, making them a popular choice for borrowers. They also offer loan against property services with fast approval times.

Key Features:

• Interest rates starting at 8.55% p.a.
• Flexible loan terms and conditions
• Instant approval for pre-approved customers
• No hidden charges or prepayment penalties

3. ICICI Bank

ICICI Bank offers mortgage loans with attractive interest rates and flexible repayment options. Their online application process and easy documentation make it hassle-free for customers. Whether it’s a home loan or loan against property, ICICI Bank provides a wide range of solutions tailored to different borrower needs.

Key Features:

• Interest rates starting from 8.50% p.a.
• Processing fees of 0.50% to 1% of the loan amount
• Quick disbursement with minimal paperwork
• Top-notch customer service and support

4. Axis Bank

Axis Bank is another strong contender for mortgage loans in 2025. The bank provides home loans, top-up loans, and loan against property services with attractive features. Axis Bank’s flexibility, low interest rates, and fast loan approval make it an excellent choice for potential borrowers.

Key Features:

• Interest rates starting at 8.55% p.a.
• Up to 30 years of repayment period
• Special benefits for women and pensioners
• Zero processing fees for some home loan variants

5. Kotak Mahindra Bank

Kotak Mahindra Bank is known for its customer-first approach. The bank’s mortgage loan offerings are customized to meet various borrower requirements. Kotak’s interest rates are competitive, and they offer low EMI options to help borrowers manage their finances effectively.

Key Features:

• Interest rates starting from 8.60% p.a.
• Flexible loan tenure of up to 25 years
• High loan eligibility and quick approval
• Special offers during festive seasons

6. Punjab National Bank (PNB)

PNB continues to be a trusted name in India’s mortgage loan space. With low processing fees and attractive interest rates, they offer home loans, mortgage loans, and loan against property. Their customer-centric approach and long loan tenures make them a top choice in 2025.

Key Features:

• Interest rates starting from 8.55% p.a.
• No hidden charges or penalties
• Easy eligibility criteria
• Wide network of branches across India for easy access

7. Bank of Baroda (BoB)

Bank of Baroda is known for its low-interest rates and competitive mortgage loan products. Whether it’s a home loan or loan against property, BoB offers great flexibility in repayment terms and loan amounts, making it a preferred choice for many borrowers.

Key Features:

• Interest rates starting from 8.60% p.a.
• Up to 30 years loan tenure
• Easy processing with minimal documentation
• Special offers for women borrowers

8. Union Bank of India

Union Bank of India provides mortgage loans at attractive rates with a focus on making the process simple and transparent. With a wide range of loan products, Union Bank is ideal for those looking to finance their homes or property quickly and easily.

Key Features:

• Interest rates starting at 8.45% p.a.
• Quick processing with low documentation
• Flexible repayment options and tenure
• Special discounts for women and senior citizens

9. IDFC First Bank

IDFC First Bank’s mortgage loan offerings have been gaining traction due to their low interest rates and superior customer service. The bank provides home loans, loan against property, and balance transfer options with flexible repayment terms, making it a solid choice in 2025.

Key Features:

• Interest rates starting from 8.50% p.a.
• Transparent fee structure with no hidden charges
• Special offers for first-time homebuyers
• Easy documentation and quick loan approval

10. Bajaj Finserv

Bajaj Finserv stands out for its competitive interest rates and seamless digital application process. Their home loan products and loan against property services come with flexible repayment options, minimal paperwork, and excellent customer service, making them a leading choice for borrowers in 2025.

Key Features:

• Interest rates starting at 8.50% p.a.
• Processing fees as low as 0.75% of the loan amount
• Pre-approved loans for existing customers
• Instant loan disbursement

Conclusion

Choosing the right bank for your mortgage loan is essential for securing the best interest rates and repayment terms. In 2025, banks like SBI, HDFC, ICICI, Axis, Kotak Mahindra, and others continue to offer competitive rates, flexible loan terms, and quick approval processes. Be sure to evaluate each bank’s loan offerings, interest rates, and features to find the one that best fits your needs.