Head to head · verified 23 Aug 2026
HDFC vs ICICI Home Loan: Rates, EMI & Fees
HDFC's home loan starts at 7.75% and ICICI's at 7.50% p.a. (verified 23 Aug 2026). On ₹50 lakh over 20 years, ICICI's starting rate saves ₹767 a month and ₹1,84,265 in interest over the loan.
The two big private banks. Both are repo-linked, so the real difference is the spread each one gives your credit profile.
HDFC EMI · ₹50 lakh
₹41,047
At 7.75%, 20 years
ICICI EMI · ₹50 lakh
₹40,280
At 7.50%, 20 years
RBI raised the repo rate to 5.50% on 7 Oct 2026
Side by Side
All 9 terms we track, from each bank's own rate pages. ✓ marks the better term.
| HDFC | ICICI | |
|---|---|---|
| Interest Rate Range | 7.75% – 13.20% p.a. | 7.50% – 9.80% p.a. (better) |
| Rate Type & Benchmark | Floating / Repo-linked (EBR) | Floating / Repo-linked (EBR) |
| Processing Fee | 0.50% (min ₹3,000) | 0.50% – 2% (min ₹3,000) |
| Prepayment / Foreclosure Charges | NIL (floating, own funds) · 2% (fixed rate) | NIL (floating rate) |
| Typical Processing Time | 5 – 7 working days | 5 – 7 working days |
| Maximum Tenure | 30 years | 30 years |
| Maximum Loan Amount | ₹10 Cr | ₹10 Cr |
| Insurance Bundling | Optional | Optional |
| Govt. Scheme Compatible | Yes (PMAY-U 2.0) | Yes (PMAY-U 2.0) |
Sources: homeloans.hdfc.bank.in, icici.bank.in. Last verified 23 Aug 2026. We take no commission from either bank.
HDFC vs ICICI: EMI Difference
Monthly EMI at each bank's starting rate over 20 years.
| Loan amount | HDFC 7.75% | ICICI 7.50% | Difference / month | Over the loan |
|---|---|---|---|---|
| ₹25 lakh | ₹20,524 | ₹20,140 | ₹384 | ₹92,131 |
| ₹50 lakh | ₹41,047 | ₹40,280 | ₹767 | ₹1,84,265 |
| ₹75 lakh | ₹61,571 | ₹60,419 | ₹1,152 | ₹2,76,396 |
| ₹1 crore | ₹82,095 | ₹80,559 | ₹1,536 | ₹3,68,529 |
Starting rates go to the strongest credit profiles. Compare the rates you are actually offered: the gap can be wider or reverse.
At the top of each bank's published range (HDFC 13.20%, ICICI 9.80%), the ₹50 lakh EMI is ₹59,293 vs ₹47,590. If your credit score is below 750, these are closer to what to expect.
Processing Fee with GST
What you pay upfront, including 18% GST.
| Loan amount | HDFC | ICICI |
|---|---|---|
| ₹25 lakh | ₹14,750 | ₹14,750–₹59,000 |
| ₹50 lakh | ₹29,500 | ₹29,500–₹1,18,000 |
| ₹75 lakh | ₹44,250 | ₹44,250–₹1,77,000 |
| ₹1 crore | ₹59,000 | ₹59,000–₹2,36,000 |
HDFC: 0.50% (min ₹3,000). ICICI: 0.50% – 2% (min ₹3,000).
Which Should You Choose?
Choose HDFC if…
Best for salaried borrowers seeking fast digital processing and a track record in home finance.
Choose ICICI if…
Best for borrowers needing high loan amounts (up to ₹10 Cr) with quick turnaround via a tech-forward private bank.
- you qualify for the lower starting rate (7.50% – 9.80% p.a.)
Frequently Asked Questions
Which is better, HDFC or ICICI for a home loan?
ICICI has the lower starting rate (7.50% vs 7.75%). Across the 9 terms we compare, HDFC is better on 0 and ICICI on 1. HDFC suits salaried borrowers seeking fast digital processing and a track record in home finance. ICICI suits borrowers needing high loan amounts (up to ₹10 Cr) with quick turnaround via a tech-forward private bank.
What is the EMI difference between HDFC and ICICI on ₹50 lakh?
Over 20 years, the EMI on ₹50 lakh is ₹41,047 at HDFC's 7.75% and ₹40,280 at ICICI's 7.50%: a difference of ₹767 a month, or ₹1,84,265 in total interest.
Which charges less to prepay, HDFC or ICICI?
HDFC: NIL (floating, own funds) · 2% (fixed rate). ICICI: NIL (floating rate). RBI bars prepayment charges on floating-rate loans to individuals for non-business use.
Which processes a home loan faster?
HDFC typically takes 5 – 7 working days and ICICI 5 – 7 working days, from complete documents to sanction.
Go Further
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HDFC home loan interest rate
EMI tables, fees with GST and how it prices against repo.
ICICI home loan interest rate
EMI tables, fees with GST and how it prices against repo.
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Educational information, not financial advice or a loan offer. Rates are as published by each bank on the verification date; your sanctioned rate depends on your credit profile. Confirm the final terms in the Key Facts Statement before you sign.