Introduction
Buying a ready-to-move-in flat in 2025 is one of the smartest real estate moves — no waiting period, no GST, and immediate possession. But whether you’re a first-time buyer or a seasoned investor, choosing the right home loan with the lowest interest rate can save you lakhs over time.
With home loan rates now ranging between 8% and 9.5%, depending on borrower profiles and market dynamics, comparing offerings from top banks becomes crucial.
This guide highlights the best banks in India offering the lowest home loan interest rates in 2025 specifically for ready-to-move flats, along with their key features, benefits, and eligibility criteria.
Why Focus on Ready-to-Move Flats?
Ready-to-move homes are increasingly preferred by buyers in 2025 because:
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No GST (unlike under-construction flats)
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Immediate possession and no rental burden
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You pay EMIs for a home you’re actually living in
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No project completion risk
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Clear legal titles and occupancy certificate (OC)
Banks are also more comfortable offering loans for ready properties due to lower default risks and better documentation.
1. State Bank of India (SBI)
Interest Rate:
Starting from 8.40% p.a. (floating) for salaried individuals
Why SBI?
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Largest lender with wide branch network
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No prepayment or foreclosure charges
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Special rates for women applicants
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Zero processing fees on select schemes
Features:
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Loan tenure up to 30 years
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Balance transfer available
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Option to link interest rate to Repo Linked Lending Rate (RLLR)
Salaried and government employees often get better terms with SBI.
🔗 Website: https://sbi.co.in
2. HDFC Ltd
Interest Rate:
Starts from 8.50% p.a. (floating) for salaried borrowers
Why HDFC?
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Extensive home loan experience and documentation support
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Competitive rates even for high-value loans
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Flexible eligibility norms for salaried professionals
Features:
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Step-up repayment plans
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EMI holiday option for 3–6 months
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Top-up loans and balance transfer available
Tip: HDFC is preferred for quick disbursal on ready-to-move projects in urban areas.
🔗 Website: https://hdfc.com
3. Bank of Baroda
Interest Rate:
Starting from 8.35% p.a. (for loans up to ₹75 lakh)
Why BoB?
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No processing fee on certain loan slabs
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Low rates for women borrowers
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Loan takeover with top-up facilities
Features:
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Minimum income requirement is just ₹25,000/month
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No hidden charges
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Pre-approved project list for faster disbursal
Ideal for salaried buyers looking for no-frills, low-cost housing finance.
🔗 Website: https://bankofbaroda.in
4. ICICI Bank
Interest Rate:
From 8.60% p.a. with flexible repayment plans
Why ICICI?
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Fast loan approval process
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Good for tech-enabled buyers and NRIs
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Pre-approved home loan offers available via net banking/app
Features:
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Loan tenure up to 30 years
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Part-payment allowed without penalties
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Linked to RBI’s repo rate for transparency
ICICI offers competitive interest rates for salaried professionals with stable incomes and good credit history.
🔗 Website: https://www.icicibank.com
5. Axis Bank
Interest Rate:
Starting from 8.55% p.a. for salaried applicants
Why Axis Bank?
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Attractive rates for properties in metro cities
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Quick sanction through mobile and online channels
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Doorstep document collection
Features:
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EMI waiver option after 10 years of timely payments
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Home loan overdraft facility
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Loan amount up to 90% of property value
Perfect for buyers opting for ready flats in premium locations like Gurugram, Pune, or Bengaluru.
🔗 Website: https://www.axisbank.com
6. Punjab National Bank (PNB Housing Finance)
Interest Rate:
Begins at 8.65% p.a. for salaried borrowers
Why PNBHF?
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Specialized in ready property loans and balance transfers
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Offers doorstep services and digital application
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Transparent processing fee structure
Features:
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Funding up to 90% for first-time homebuyers
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Customizable repayment tenure
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Online loan tracking portal
Good option for salaried buyers in Tier 2 and Tier 3 cities.
🔗 Website: https://www.pnbhousing.com
7. Canara Bank
Interest Rate:
Starting from 8.40% p.a.
Why Canara Bank?
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Public sector trust + low interest slabs
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Special schemes for government employees
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In-house legal & technical verification
Features:
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EMI calculator tools available
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Fast sanction for ready-to-move properties
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Top-up loans for renovation/interior work
Ideal for buyers looking to maximize affordability and transparency.
🔗 Website: https://canarabank.com
Things to Keep in Mind Before Choosing a Bank
📌 Compare Interest Rates
Even a 0.5% difference can save you ₹5–10 lakh over a 20-year loan term.
📌 Review Processing Fees
Some banks offer festive waivers; others charge up to 1% of loan amount.
📌 Check Eligibility Criteria
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Minimum salary (usually ₹25,000/month)
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Job stability (2–3 years minimum)
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Credit score (700+ preferred)
📌 Confirm Property Approval
Choose banks that have pre-approved your chosen project, as this speeds up disbursal.
📌 Negotiate with Banks
Many salaried professionals don’t know they can negotiate for:
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Lower processing charges
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Free property valuation
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Preferential interest rate (based on credit score)
Final Thoughts
In 2025, ready-to-move flats are in high demand, and banks are offering some of the lowest home loan interest rates in years to tap into this segment. Whether you’re looking at a ₹40 lakh flat in Chennai or a ₹2 crore apartment in Gurugram, the right financing partner can help you buy without financial strain.
Always compare multiple offers, calculate EMIs smartly, and read the fine print before signing. Remember, the cheapest loan isn’t always the best — focus on total cost, flexibility, and service quality.
Useful Tools:
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✅ EMI Calculator – HDFC
