The rate is public. What it costs you is buried in the spread.
RateQ tracks home-loan rates, fixed deposits, small-savings rates and government bond yields across India. See what moved, check the source, and test your own home loan against the rates available now. No sign-up. No lender lead form. No paid ranking.
Every rate change. Including the non-events.
A dated record of what moved, what stayed unchanged and what is due next. A rate held for nine quarters is still useful information when you are deciding whether to borrow, switch or lock money away.
See what your current home-loan rate may be costing you
Enter your outstanding principal, current rate, remaining tenure and a realistic comparison rate. RateQ will estimate the EMI difference, total interest saving, switching cost and break-even month. Nothing you enter leaves your browser.
Home loans: the expensive part is often the spread you stopped checking
The repo rate has been 5.25% since December 2025. The lowest advertised home-loan rate in this board is 7.00%, or about 175 bps above repo. New offers sit fairly close together. Existing borrowers can be much farther away because a benchmark cut flows through automatically, while an old lender spread usually stays until the borrower asks. Put your own rate into the checker before waiting for the next MPC meeting.
| Lender | From Rate | Spread over Repo | Benchmark | Rate Position |
|---|---|---|---|---|
| Bank of Maharashtra | 7.00% | +175 bps | Repo-linked | Lowest tracked |
| Bank of India | 7.10% | +185 bps | Repo-linked | Near floor |
| Canara Bank | 7.15% | +190 bps | Repo-linked | Near floor |
| Indian Bank | 7.15% | +190 bps | Repo-linked | Near floor |
| Union Bank of India | 7.15% | +190 bps | Repo-linked | Near floor |
| Bank of Baroda | 7.20% | +195 bps | Repo-linked | Near floor |
| Punjab National Bank | 7.25% | +200 bps | Repo-linked | Near floor |
| State Bank of India | 7.25% | +200 bps | Repo-linked | Near floor |
| Kotak Mahindra | 7.60% | +235 bps | Repo-linked | Higher |
| Axis Bank | 8.00% | +275 bps | Repo-linked | Review |
▶ Evidence: the repo path & how a reset reaches your loan
1 · The policy rate changes. The MPC’s next scheduled meeting is 5–7 Oct 2026.
2 · The benchmark resets. External-benchmark-linked bank loans must reset at least once every three months. Your sanction letter sets the loan’s reset terms.
3 · The lender applies the reset. Depending on the loan terms and borrower choice, the change can alter the EMI, the remaining tenure, or both.
4 · The spread needs a separate check. A lower advertised rate does not automatically change an existing loan’s spread. Ask the lender for the current conversion terms before moving the loan.
Fixed deposits: the extra return has conditions
The highest rate in this board is 8.50%, available to senior citizens at a small finance bank. Large private-bank rates are closer to 6.40–7.10%. That 150–200 bps gap is worth checking, but only after you account for the ₹5 lakh DICGC limit per bank, the tenure needed to earn the headline rate, and whether the deposit is with a bank or an NBFC.
| Institution | Tier | General | Senior | Peak Tenure | vs SBI 3Y (6.40%) |
|---|---|---|---|---|---|
| Shivalik SFB | Small Finance Bank | ~8.00% | 8.50% | 23–27 m | +160–210 bps |
| Utkarsh SFB | Small Finance Bank | ~7.75% | 8.25% | 666 days | +135–185 bps |
| Suryoday SFB | Small Finance Bank | 7.90% | 8.25% | 30 m / 5 y | +150–185 bps |
| Jana SFB | Small Finance Bank | 7.77% | 8.00% | 24–60 m | +137–160 bps |
| AU SFB | Small Finance Bank | 7.10% | 7.45% | 30–36 m | +70–105 bps |
| Equitas SFB | Small Finance Bank | 7.00% | 7.50% | 3 y | +60–110 bps |
| Shriram Finance | NBFC (AA-rated) | 7.60% | 8.10% | 3 y | +120–170 bps |
| Yes Bank | Private bank | 6.75% | 7.50% | 36–60 m | +35–110 bps |
| ICICI Bank | Private bank | 6.50% | 7.10% | 36–60 m | +10–70 bps |
| HDFC Bank | Private bank | 6.40% | 7.00% | 36–55 m | +0–60 bps |
| Canara Bank | Public sector | 6.25% | 6.75% | 3 y | −15–35 bps |
Small savings: the headline rate is only half the comparison
Small-savings rates are unchanged for the ninth straight quarter. SCSS and SSY remain at 8.2%. PPF remains at 7.1%, but its interest is tax-free. Compare these products after tax and for the same holding period. Eligibility, lock-in and withdrawal rules can matter more than a 20 or 30 bps rate difference.
| Scheme | Rate p.a. | Term | Tax Treatment | Best For |
|---|---|---|---|---|
| Sukanya Samriddhi (SSY) | 8.20% | Girl child <10 · to 21 y | EEE — fully tax-free | Top rate |
| Senior Citizen Savings (SCSS) | 8.20% | 5 y · age 60+ | Taxable · 80C on deposit | Top rate |
| National Savings Certificate (NSC) | 7.70% | 5 y · locked at purchase | Taxable · 80C | Fixed term |
| Kisan Vikas Patra (KVP) | 7.50% | Doubles in ~115 m | Taxable | Fixed term |
| PO Time Deposit 5 y | 7.50% | 5 y | Taxable · 80C | Fixed term |
| PO Monthly Income (POMIS) | 7.40% | 5 y · monthly payout | Taxable | Income |
| Public Provident Fund (PPF) | 7.10% | 15 y | EEE — fully tax-free | Core holding |
| PO Time Deposit 1–3 y | 6.90–7.10% | 1 / 2 / 3 y | Taxable | Below SFB FDs |
| PO Recurring Deposit 5 y | 6.70% | 5 y monthly | Taxable | Below SFB FDs |
Government bond yields: a useful signal, not a household rate
The 10-year G-sec closed at 6.96% on 4 September, about 171 bps above repo. That spread reflects inflation expectations, bond supply, currency pressure and the price investors demand for lending long. It does not translate directly into your FD or home-loan rate. For borrowers, an expensive lender spread still needs a lender conversation.
▶ Evidence: recent prints & how to read the curve
Compare like with like. SCSS and SSY at 8.2% have eligibility and holding conditions that a traded government bond does not. The higher quoted rate is not a free spread.
Watch the gap to repo. A wider 10-year spread can reflect inflation, bond supply, currency pressure or term-premium concerns. It does not, by itself, predict the next bank rate change.
Corporate yields add credit risk. Compare the spread, rating, liquidity, maturity and issuer exposure. The corporate-rate board is planned, not live.
How India feels: the mood behind the rates
Every two months the RBI asks roughly 6,000 urban households across 19 cities how things are and how they expect them to be. In the July 2026 round, the present felt worse — the Current Situation Index fell to 88.3 (below 100 means pessimistic) — while the year ahead still looked better at 115.3. Households put inflation one year out near 9.4%, far above the RBI’s own 5.0% FY27 projection. Until that gap narrows, rate cuts stay unlikely.
| Survey round | CSI (present) | FEI (1 year ahead) | 1-y inflation expectation | Read |
|---|---|---|---|---|
| Mar 2026 | 95.7 | 120.2 | – | Weakening |
| May 2026 | 90.7 | 118.7 | ~9.2% | Weakening |
| Jul 2026 | 88.3 | 115.3 | ~9.4% | Latest |
Fees change quietly. RateQ will track the document.
This feed is not live yet. Fee changes often sit inside a revised schedule of charges, MITC document or renewal notice. When this section goes live, every entry will show the old term, the new term, the source document and the effective date. Until then, RateQ will show no placeholder changes.
How a number gets onto RateQ
RateQ starts with the institution or public authority that published the rate. We store the source, publication date, effective date, tenure and customer conditions before placing the number beside another. The brief, timeline and boards all use the same underlying record. The calculator adds estimates; it does not alter the source rate.
Collect. Read the RBI, Department of Economic Affairs and institution rate pages. Use a licensed market-data source for bond yields. Store the source URL, publication date and effective date with the number.
Normalise. Map tenure, customer category, deposit size, credit band and benchmark into common fields. Do not collapse a promotional starting rate into a general market rate.
Check. Flag changes, stale pages and values that disagree with the primary source. Publish only after the source and effective date are clear. A board without a current source date visibly degrades instead of passing as current.
Calculate. Run EMI, interest and break-even calculations in the browser. Keep assumptions visible beside the result.
① Reset-date reminders. Save your reset month; get flagged 30 days before the review.
② Conversion versus transfer comparison. Price the lender’s conversion fee against a full balance transfer, side by side.
③ Full government and corporate yield curve. NSDL/CCIL-sourced, refreshed daily, with licensed data.
④ Fee-change history. Source documents and effective dates for every tracked revision.