This is the best of times for home loan borrowers. Reason is due to RBI’s back-to-back policy repo rate cuts. With repo rate being at 9-year low of 5.75%, banks are well placed to offer attractive  and cheaper home loan interest rates. Notably, it would be women home loan borrowers who stand to benefit the most. Just like on savings or deposits, senior citizens are offered a different set of interest rates and similarly,  women are offered different facilities and benefits. Hence, in the case of home loans, the interest rates offered to women are much lower compared to those levied for men by banks. 

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At this point of time, it would be largest lender State Bank of India (SBI) that is offering the lowest interest rate on home loans and it is specifically meant for women.

For home loan upto Rs 30 lakh, a woman borrower at SBI will have to pay lowest 8.55% rate which can go maximum at 8.65%. This is meant for those women are working. However, for non-salaried women borrower - SBI offers 8.70% to 8.80% interest rate on home loan. 

For other category such as men, SBI offers home loan interest rate of 8.60% to 8.70% to salaried class if borrowed below Rs 30 lakh. While, for non-salaried class, home loan interest rates vary from 8.75% to 8.85%. 

Unlike SBI, majority of banks have a different pattern of home loan interest rates. Some even offer one single rate for both men and women borrowers. However, it would also be another private lender HDFC Bank who has a different set of interest rates on home loan for women but still higher compared to what SBI gives. 

At HDFC Bank, a salaried woman borrower can avail home loan upto Rs 30 lakh at an interest rate ranging from 8.60% to 9.10%. While, the non-salaried one will have to pay home loan rates of between 8.75% to 9.25%. 

Also, SBI home loans for women are set to get even more exciting as the lender has linked repo rate with their home loan product effective from July 1, 2019. Hence, every change in the repo rate, will have a direct impact on SBI’s home loan interest rates.