Overview

• Home loans are advertised from 7.35% and car loans from roughly 7.6%–7.7%, based on BankBazaar and Paisabazaar data.
• Processing fees are being cut or waived, including up to 50% relief under PSB Apna Vahan Sugam, Axis Bank’s 50% discount, and IDBI Bank’s waiver of up to 100% through September 30, 2025.
• Final borrower rates remain risk-based, with pricing determined by credit score, income, and each lender’s eligibility rules.
• Select offers highlighted include UCO Bank car loans starting at 7.60% for up to Rs 5 lakh over five years and Bank of Maharashtra car loans from 7.70%, with Axis Bank offering up to eight-year tenures and foreclosure-charge waivers after two years.
• After a 100 bps repo cut earlier this year, markets expect another RBI reduction, with the MPC decision due October 1 that could prompt further repricing.