Head to head · verified 23 Aug 2026
SBI vs HDFC Home Loan: Rates, EMI & Fees
SBI's home loan starts at 7.25% and HDFC's at 7.75% p.a. (verified 23 Aug 2026). On ₹50 lakh over 20 years, SBI's starting rate saves ₹1,528 a month and ₹3,66,871 in interest over the loan.
The two largest home lenders in India: a PSU bank with the lower headline rate against a private bank that usually sanctions faster.
SBI EMI · ₹50 lakh
₹39,519
At 7.25%, 20 years
HDFC EMI · ₹50 lakh
₹41,047
At 7.75%, 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.
| SBI | HDFC | |
|---|---|---|
| Interest Rate Range | 7.25% p.a. onwards (better) | 7.75% – 13.20% p.a. |
| Rate Type & Benchmark | Floating / Repo-linked (EBR) | Floating / Repo-linked (EBR) |
| Processing Fee | 0.35% (min ₹2,000 · max ₹10,000) (better) | 0.50% (min ₹3,000) |
| Prepayment / Foreclosure Charges | NIL (floating rate) | NIL (floating, own funds) · 2% (fixed rate) |
| Typical Processing Time | 7 – 10 working days | 5 – 7 working days (better) |
| 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: sbi.bank.in, homeloans.hdfc.bank.in. Last verified 23 Aug 2026. We take no commission from either bank.
SBI vs HDFC: EMI Difference
Monthly EMI at each bank's starting rate over 20 years.
| Loan amount | SBI 7.25% | HDFC 7.75% | Difference / month | Over the loan |
|---|---|---|---|---|
| ₹25 lakh | ₹19,759 | ₹20,524 | ₹765 | ₹1,83,434 |
| ₹50 lakh | ₹39,519 | ₹41,047 | ₹1,528 | ₹3,66,871 |
| ₹75 lakh | ₹59,278 | ₹61,571 | ₹2,293 | ₹5,50,306 |
| ₹1 crore | ₹79,038 | ₹82,095 | ₹3,057 | ₹7,33,742 |
Starting rates go to the strongest credit profiles. Compare the rates you are actually offered: the gap can be wider or reverse.
Processing Fee with GST
What you pay upfront, including 18% GST.
| Loan amount | SBI | HDFC |
|---|---|---|
| ₹25 lakh | ₹10,325 | ₹14,750 |
| ₹50 lakh | ₹11,800 | ₹29,500 |
| ₹75 lakh | ₹11,800 | ₹44,250 |
| ₹1 crore | ₹11,800 | ₹59,000 |
SBI: 0.35% (min ₹2,000 · max ₹10,000). HDFC: 0.50% (min ₹3,000).
Which Should You Choose?
Choose SBI if…
Best for government and salaried employees who want the lowest headline rate backed by a PSU bank with nationwide branches.
- you qualify for the lower starting rate (7.25% p.a. onwards)
- you want the lower processing fee (0.35% (min ₹2,000 · max ₹10,000))
Choose HDFC if…
Best for salaried borrowers seeking fast digital processing and a track record in home finance.
- you need the money sooner (5 – 7 working days)
Frequently Asked Questions
Which is better, SBI or HDFC for a home loan?
SBI has the lower starting rate (7.25% vs 7.75%). Across the 9 terms we compare, SBI is better on 2 and HDFC on 1. SBI suits government and salaried employees who want the lowest headline rate backed by a PSU bank with nationwide branches. HDFC suits salaried borrowers seeking fast digital processing and a track record in home finance.
What is the EMI difference between SBI and HDFC on ₹50 lakh?
Over 20 years, the EMI on ₹50 lakh is ₹39,519 at SBI's 7.25% and ₹41,047 at HDFC's 7.75%: a difference of ₹1,528 a month, or ₹3,66,871 in total interest.
Which charges less to prepay, SBI or HDFC?
SBI: NIL (floating rate). HDFC: NIL (floating, own funds) · 2% (fixed rate). RBI bars prepayment charges on floating-rate loans to individuals for non-business use.
Which processes a home loan faster?
SBI typically takes 7 – 10 working days and HDFC 5 – 7 working days, from complete documents to sanction.
Go Further
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SBI home loan interest rate
EMI tables, fees with GST and how it prices against repo.
HDFC 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.