Side-by-Side Comparison
Compare Loans
Pick a loan type, then choose up to 4 banks. The comparison table renders instantly — no page navigation needed.
- Compare interest rates, processing fees, and prepayment penalty clauses side by side across SBI, HDFC, ICICI, Axis, Kotak, Bank of Baroda, PNB, and Yes Bank.
- Switch instantly between home, personal, education, and vehicle loans — the table refreshes without a page load.
- All rate data sourced directly from official bank websites and RBI disclosures — no aggregator estimates or commission-driven rankings.
Step 1 — Loan Type
Step 2 — Banks (select up to 4)
Select at least one bank above to see the side-by-side comparison.
How We Compare Loan Rates
Every number in this comparison table is sourced directly from official bank websites and RBI-mandated Key Fact Statements — not aggregator estimates, not advertised minimums.
01
Source from official pages
Rates are pulled from each bank's loan product page, MITC (Most Important Terms & Conditions) document, or the RBI-mandated Key Fact Statement. We never use third-party aggregator feeds.
02
Verify dates are recorded
Every data point carries a "last verified" date visible in the comparison table. When a bank changes its rate sheet, the old figure is replaced and the verification date is updated.
03
Flag anomalies as caution
Cells highlighted in amber indicate a charge or clause that is materially worse than the peer group average — such as unusually high foreclosure penalties or opaque processing fee structures.
What Each Row in the Comparison Means
Each parameter in the table has a specific meaning that affects your total loan cost. Here is what to look for in each row.
Interest Rate Range
The minimum and maximum rate the bank publicly advertises for this loan type. The minimum is typically reserved for borrowers with a CIBIL score above 750, salaried income from a reputed employer, and a low LTV ratio. Most applicants receive a rate closer to the upper end of the range.
Processing Fee
A one-time fee charged at disbursement, expressed as a percentage of the loan amount. This is not refundable if you cancel the loan application after sanction. It directly raises your effective APR — a 1% fee on a 5-year loan adds approximately 0.4% to the true annual cost.
Prepayment / Foreclosure
The penalty charged if you repay the loan partially or in full before the agreed tenure. RBI guidelines prohibit foreclosure charges on floating-rate home loans to individual borrowers, but fixed-rate loans and other loan types are not covered by this rule.
Maximum Tenure
The longest repayment period the bank offers. A longer tenure reduces your monthly EMI but substantially increases the total interest you pay. On a ₹50 lakh home loan at 9%, extending the tenure from 20 years to 30 years reduces EMI by ₹4,200 but adds over ₹24 lakh in total interest.
Maximum Loan Amount
The highest principal the bank will lend for this loan type. The actual amount sanctioned depends on your income, FOIR (Fixed Obligation to Income Ratio), credit score, and the property's market value. Most banks cap home loan LTV at 75–90% of the property value.
Bank-by-Bank Overview
The 8 banks in this comparison represent the majority of retail lending volume in India. Here is what each lender is typically best known for.
State Bank of India
India's largest lender. Generally offers the most competitive home loan rates, especially for government employees and salary-account holders. YONO app allows end-to-end digital application.
HDFC Bank Ltd
One of the fastest processing timelines for home loans, typically 5–7 working days for salaried applicants. Known for competitive rates for high-income professionals and balance-transfer offers.
ICICI Bank Ltd
Strong digital loan processing through iMobile. Home loans linked to the repo rate via EBLR (External Benchmark Linked Rate), providing transparent rate transmission when RBI cuts rates.
Axis Bank Ltd
Competitive personal loan rates for existing salary-account customers. Typically offers lower processing fees on home loans during promotional periods.
Kotak Mahindra Bank
Known for competitive home loan interest rates and zero processing fees during select campaigns. Strong online application platform for faster approvals.
Bank of Baroda
PSU bank with competitive rates for home loans under the Baroda Home Loan scheme. Special rates available under government subsidy schemes such as PMAY-CLSS.
Punjab National Bank
Competitive rates for home and education loans. Offers special concessions for women borrowers (typically 0.05% lower rate) and government scheme beneficiaries.
Yes Bank Ltd
Often more flexible on eligibility for self-employed and MSME borrowers. Useful to compare for personal and business loans where PSU banks have stricter income documentation requirements.
Understanding Interest Rate Ranges
Every bank publishes a rate range rather than a single number. Here is why that range exists and what determines where you fall within it.
Credit score (CIBIL / Experian)
The single largest factor. A CIBIL score above 750 typically qualifies you for the advertised minimum rate. Scores between 700–750 usually attract rates 0.25–0.75% higher. Below 700, many banks will decline the application or charge 1–2% above their minimum.
Employment type and employer category
Salaried employees at public sector undertakings, large corporates, and government bodies are considered the lowest risk. Self-employed professionals (doctors, CAs) are next. Self-employed non-professionals and proprietors typically receive rates 0.25–0.5% higher than the salaried minimum.
LTV ratio (for secured loans)
For home loans, the Loan-to-Value ratio — loan amount as a percentage of property value — directly affects the rate. A 60% LTV (40% down payment) consistently attracts better rates than a 90% LTV, because the bank's recovery risk is lower.
FOIR — Fixed Obligation to Income Ratio
Banks calculate what percentage of your gross monthly income is already committed to existing EMIs and fixed obligations. Most banks cap FOIR at 40–55%. If your existing obligations already consume 35% of your income, you will typically receive a higher rate on new borrowing.
Relationship and salary account
If your salary is credited to an account with the lender, or you have maintained a long banking relationship (3+ years), most banks offer a 0.05–0.10% rate concession. This is not advertised — it is negotiated at the time of application.
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