Home Loan Rates in Andaman & Nicobar — Rules & Rates 2026
Home loan interest rates in Andaman & Nicobar range from 8.35% to 10.5% p.a. in 2026, based on the bank's RLLR/MCLR. The maximum LTV is 75% for loans above ₹75 lakh. Buyers in Andaman & Nicobar can also avail PMAY interest subsidy up to ₹2.67 lakh for first-time homebuyers (EWS/LIG). Tax benefit: up to ₹2L interest (Section 24b) + ₹1.5L principal (Section 80C) per year.
Last updated: 2026-04-07
Home Loan Rates Rates & Rules — Andaman & Nicobar
Parameter
Value — Andaman & Nicobar
Typical Interest Rate (2026)
8.35%–10.5% p.a.
LTV Ratio
Up to 75% for loans above ₹75L; 80% for ₹30–75L; 90% below ₹30L
PMAY Subsidy
Up to ₹2.67L under PMAY (EWS/LIG); ₹2.35L for MIG
Processing Fee
0.25%–1% of loan amount
Tax Benefit
Principal: Section 80C up to ₹1.5L; Interest: Section 24(b) up to ₹2L
Notes
Home loan rates are set by banks/NBFCs nationally; state-specific variation is minimal. Circle rate affects loan eligibility.
Typical Interest Rate (2026)
8.35%–10.5% p.a.
LTV Ratio
Up to 75% for loans above ₹75L; 80% for ₹30–75L; 90% below ₹30L
PMAY Subsidy
Up to ₹2.67L under PMAY (EWS/LIG); ₹2.35L for MIG
Processing Fee
0.25%–1% of loan amount
Tax Benefit
Principal: Section 80C up to ₹1.5L; Interest: Section 24(b) up to ₹2L
Notes
Home loan rates are set by banks/NBFCs nationally; state-specific variation is minimal. Circle rate affects loan eligibility.
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Frequently Asked Questions
What are the Home Loan Rates rules in Andaman & Nicobar in 2026?+
Andaman & Nicobar follows state-specific regulations for Home Loan Rates. The rules are governed by the Andaman & Nicobar state government and applicable central legislation. Use the calculator above to compute exact values based on Andaman & Nicobar's current rates and slabs. Rates may be revised in the annual state budget.
Is Home Loan Rates different in Andaman & Nicobar compared to other states?+
Yes. Home Loan Rates varies significantly across Indian states because it is governed by state legislation (except EPF/Gratuity which are central). Andaman & Nicobar's rates, slabs, and exemptions are unique and set independently of other states. Always verify with the official Andaman & Nicobar government portal for the latest rates.
Where can I find official Home Loan Rates information for Andaman & Nicobar?+
The official source for Home Loan Rates in Andaman & Nicobar is the state government's revenue/finance department website or the relevant statutory authority. For property-related taxes, check the Andaman & Nicobar Registration & Stamps Department. For employment taxes, check the Andaman & Nicobar Labour Department or Commercial Tax portal.
Disclaimer: The rates, rules, and data shown for Andaman & Nicobar are approximate and for informational purposes only. Tax laws, stamp duty rates, and government regulations change frequently. Always verify current rates with the official Andaman & Nicobar government portal or a qualified professional before making financial or legal decisions. CalcCrack is not responsible for any decisions made based on this information. Last updated: April 2026.