The Credit Compass
Source Transparency

Our Data Methodology

Every rate, fee, and figure on The Credit Compass is sourced directly from official bank websites and RBI publications. No estimates, no aggregation, no guesses — just verified primary sources with exact URLs and verification dates.

How We Verify Data

Editorial Process

1

Primary Source Only

We only use data from official bank websites, RBI circulars, and government portals. No third-party aggregators or financial media.

2

Canonical URL Strategy

We always link to a bank's canonical product landing page (e.g. homeloans.sbi), never to deep sub-pages like /interest-rates that break when banks restructure their sites.

3

Regular Re-verification

Rates are re-checked whenever the RBI changes the repo rate or a bank announces a rate revision. The last verified date is shown on every entry.

4

Regulatory Tracking

We monitor RBI circulars and policy updates, and we check that every circular we cite actually says what we claim it says. When regulations change — like the pre-payment prohibition that took effect on 1 January 2026, or the Income-tax Act, 2025 renumbering Section 80E as Section 129 — we update all affected data and red flag entries.

Last full audit: 23 August 2026 · Partial re-verification: 23 August 2026 · RBI repo rate: 5.50% from 7 October 2026 (confirmed on rbi.org.in)

Rates shown below are indicative. Final rates depend on your credit profile, loan amount, tenure, and the bank's current policy at the time of application. Always confirm the current rate directly with your bank before applying.

Recent Policy Changes

Regulatory Updates

RBI Prepayment Penalty Ban — effective 1 January 2026

The Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025 (RBI/2025-26/64, issued 2 July 2025) prohibit pre-payment charges on floating-rate loans to individuals for non-business purposes, for loans sanctioned or renewed on or after 1 January 2026 — part or full prepayment, whatever the source of funds, with no minimum lock-in. Loans sanctioned before that date fall under the earlier rules, and fixed-rate loans are outside the prohibition. All rate data, red flag descriptions and loan page content reflect this. Source: rbi.org.in

RBI Repo Rate Hike — 25 bps to 5.50% (October 7, 2026)

The RBI raised the repo rate by 25 basis points to 5.50% on October 7, 2026 — its first hike since February 2023 — and moved its stance to “calibrated tightening”, citing broadening inflation, crude above $100 a barrel and a weaker rupee. The SDF is now 5.25% and the MSF and Bank Rate 5.75%. Repo-linked (EBLR/RLLR) floating loans will rise by the same 25 bps at each lender's next reset; the bank rates in the tables below were verified at the earlier 5.25% repo rate and will be re-checked as lenders publish revised rate cards. Next MPC meeting: December 2–4, 2026.

RBI Repo Rate Cut — 25 bps to 5.25% (December 5, 2025)

The RBI cut the repo rate by 25 basis points to 5.25% on December 5, 2025 and has held it there through August 2026, until the October 2026 hike above. In the 23 August 2026 full audit we re-read every lender's own published rate card — SBI, HDFC, ICICI, Axis, Kotak, Bank of Baroda and Credila — and corrected every figure that had moved. Where a lender publishes only a “from X%” headline and no upper bound, we show that rate as “onwards” rather than inventing a ceiling. Check the per-row date in the tables below before relying on any single figure.

Official Resources

Key Government Portals

Jan Samarth Portal

Government of India's one-stop digital platform for 15 credit-linked schemes (Mudra, Education, Agriculture, PM-Surya Ghar solar financing, and more). Apply directly for subsidised loans without visiting a bank.

RBI Banking Ombudsman

File complaints against banks for overcharging, forced insurance bundling, or prepayment penalty violations. Free, fast, and effective for retail borrowers.

Vidyalakshmi Portal

Single-window platform to compare and apply for education loans from multiple banks with one application form.

PMAY 2.0 Portal

Check eligibility and apply for Pradhan Mantri Awas Yojana 2.0 interest subsidy on home loans across EWS and LIG income categories. Alternate: jansamarth.in

Source Audit

Home Loans

BankRateTypeSourceLast VerifiedStatus

Bank of Baroda

RLLR

7.20–8.95% p.a.

BRLLR 7.90% (repo 5.25% + 2.65% markup). Home loan priced BRLLR - 0.70% to BRLLR + 1.05%.

floatingBank of Baroda — Retail Loans Interest Rates23 Aug 2026Verified

State Bank of India

RLLR

7.25% p.a.

7.25% p.a. onwards, effective 01.04.2026. SBI does not publish an upper bound; final rate varies by CIBIL score, loan amount and LTV. External Benchmark Rate (EBR) 7.90%.

floatingSBI — Home Loan Interest Rates (Current)23 Aug 2026Verified

ICICI Bank

Repo

7.50–9.80% p.a.

Headline 7.50% onwards; standard card rates 8.50%-9.80% by loan slab and salaried/self-employed status.

floatingICICI Bank — Home Loan Interest Rates23 Aug 2026Verified

Kotak Mahindra Bank

RLLR

7.60% p.a.

7.60% p.a. onwards; Kotak does not publish an upper limit. Hybrid fixed-then-floating variants available.

floatingKotak Mahindra Bank — Home Loan23 Aug 2026Verified

HDFC Bank

Repo

7.75–13.20% p.a.

Policy Repo Rate + 2.50% to + 7.95%, i.e. 7.75%-13.20% at a 5.25% repo rate.

floatingHDFC Bank — Home Loan Interest Rates23 Aug 2026Verified

Axis Bank

Repo

8.00–9.10% p.a.

CIBIL 751+: repo + 2.75% to + 3.60% (8.00%-8.85%). Below 750 or no history: repo + 2.95% to + 3.85% (8.20%-9.10%).

floatingAxis Bank — Home Loan Interest Rates & Charges23 Aug 2026Verified

Education (Domestic)

BankRateTypeSourceLast VerifiedStatus

SBI Scholar Loan

RLLR

6.90–7.65% p.a.

Select (premier) institutions only, effective 09.06.2026. Linked to SBI EBR of 7.90%.

floatingSBI — Education Loan Scheme Interest Rates23 Aug 2026Verified

Bank of Baroda

RLLR

8.15–9.80% p.a.

Study in India from BRLLR + 0.25% (8.15%); Baroda Gyan above Rs 7.5L at BRLLR + 1.90% (9.80%). PM-Vidyalaxmi at premier institutes: BRLLR - 1.05% (6.85%).

floatingBank of Baroda — Retail Loans Interest Rates23 Aug 2026Verified

Axis Bank

Repo

8.75% p.a.

Repo + 3.50% onwards (8.75% at a 5.25% repo rate). Axis does not publish an upper bound. Repo reset every 3 months. Nil foreclosure and part-payment charges.

floatingAxis Bank — Education Loan Interest Rates23 Aug 2026Verified

SBI Global Ed-Vantage

RLLR

8.90–9.40% p.a.

Study abroad. Effective 09.06.2026: 8.90% for select institutions with collateral, 9.40% otherwise (Rs 7.5L-Rs 3 crore). Girl students get a 0.50% concession.

floatingSBI — Global Ed-Vantage Interest Rates23 Aug 2026Verified

Bank of Baroda (Baroda Scholar)

RLLR

8.95% p.a.

Study abroad. Baroda Scholar (non-premier institutes, above Rs 7.5L) at BRLLR + 1.05% = 8.95%.

floatingBank of Baroda — Retail Loans Interest Rates23 Aug 2026Verified

SBI Student Loan

RLLR

9.40–9.90% p.a.

Effective 09.06.2026: 9.90% without collateral up to Rs 7.5L, 9.40% with collateral above Rs 7.5L. Girl students get a 0.50% concession.

floatingSBI — Education Loan Scheme Interest Rates23 Aug 2026Verified

Credila (formerly HDFC Credila)

RLLR

9.95–11.25% p.a.

Secured loans from 9.95%, unsecured from 11.25%. Fixed-rate option costs 1% (tenure < 5 yrs) or 1.5% (5+ yrs) above floating. Origination fee up to 1.25% + GST; no prepayment or foreclosure charges.

floatingCredila Financial Services — Education Loan Interest Rates23 Aug 2026Verified

Personal Loans

BankRateTypeSourceLast VerifiedStatus

HDFC Bank

Fixed

9.99–24.00% p.a.

Rack rate for salaried borrowers. Processing fee up to Rs 6,500 + GST.

fixedHDFC Bank — Personal Loan Interest Rates & Charges23 Aug 2026Verified

Axis Bank

MCLR

9.99–22.00% p.a.

Priced off the 3-year MCLR of 8.90% with a spread of 0%-12.65%. Mean rate on loans disbursed Apr-Jun 2026 was 13.07%.

fixedAxis Bank — Personal Loan Interest Rates & Charges23 Aug 2026Verified

ICICI Bank

Fixed

9.99% p.a.

9.99% p.a. onwards; ICICI does not publish an upper bound. Processing fee up to 2% + taxes; no foreclosure charges after 24 EMIs.

fixedICICI Bank — Personal Loan23 Aug 2026Verified

State Bank of India (Xpress Credit)

MCLR

10.00–15.00% p.a.

2-year MCLR of 8.75% plus a spread of 1.25%-6.25%.

fixedSBI — Personal Loan Scheme Interest Rates23 Aug 2026Verified

Kotak Mahindra Bank

Fixed

10.99% p.a.

10.99% p.a. onwards; Kotak does not publish an upper limit.

fixedKotak Mahindra Bank — Personal Loan23 Aug 2026Verified

Vehicle (Car)

BankRateTypeSourceLast VerifiedStatus

ICICI Bank

Fixed

8.40% p.a.

Effective 01.06.2026: new car loans of 36 months or more from 8.40%; under 36 months from 10.25%. No published upper bound.

fixedICICI Bank — Car Loan Interest Rates23 Aug 2026Verified

State Bank of India

MCLR

8.70–9.85% p.a.

Effective 18.08.2026, priced off the 1-year MCLR of 8.70%. Mean rate Q1 FY 26-27 was 9.08%. Certified pre-owned car loans run 10.45%-15.60%.

floatingSBI — Auto Loan Interest Rates23 Aug 2026Verified

Axis Bank

MCLR

8.90–11.70% p.a.

Fixed for the full tenure - 1-year MCLR of 8.90% plus a spread of 0%-2.80%. No reset.

fixedAxis Bank — Car Loan Interest Rates & Charges23 Aug 2026Verified

HDFC Bank

Fixed

9.00% p.a.

Rack rate 9% onwards depending on loan amount, tenure and CIBIL score. No published upper bound.

fixedHDFC Bank — Car Loan Interest Rates & Charges23 Aug 2026Verified

Vehicle (2-Wheeler)

BankRateTypeSourceLast VerifiedStatus

State Bank of India

MCLR

11.70–15.70% p.a.

Effective 18.08.2026. Super Bike Loan is priced separately at 12.55%-14.55%.

floatingSBI — Two-Wheeler Loan Interest Rates23 Aug 2026Verified

HDFC Bank

Fixed

14.50% p.a.

Rack rate starts at 14.50% and varies by vehicle segment and credit profile; no published upper bound. Processing fee up to 2.5%, documentation charges up to 2.25%.

fixedHDFC Bank — Two-Wheeler Loan Interest Rates & Charges23 Aug 2026Verified

Spot an error?

If you find a rate that has changed or a broken source link, we want to know. The Credit Compass is committed to accuracy above all else.