Head to head · verified 23 Aug 2026
SBI vs ICICI Home Loan: Rates, EMI & Fees
SBI's home loan starts at 7.25% and ICICI's at 7.50% p.a. (verified 23 Aug 2026). On ₹50 lakh over 20 years, SBI's starting rate saves ₹761 a month and ₹1,82,606 in interest over the loan.
SBI usually wins on headline rate; ICICI on turnaround and a published upper bound, so you can see the worst case before you apply.
SBI EMI · ₹50 lakh
₹39,519
At 7.25%, 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.
| SBI | ICICI | |
|---|---|---|
| Interest Rate Range | 7.25% p.a. onwards (better) | 7.50% – 9.80% 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% – 2% (min ₹3,000) |
| Prepayment / Foreclosure Charges | NIL (floating rate) | NIL (floating 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, icici.bank.in. Last verified 23 Aug 2026. We take no commission from either bank.
SBI vs ICICI: EMI Difference
Monthly EMI at each bank's starting rate over 20 years.
| Loan amount | SBI 7.25% | ICICI 7.50% | Difference / month | Over the loan |
|---|---|---|---|---|
| ₹25 lakh | ₹19,759 | ₹20,140 | ₹381 | ₹91,303 |
| ₹50 lakh | ₹39,519 | ₹40,280 | ₹761 | ₹1,82,606 |
| ₹75 lakh | ₹59,278 | ₹60,419 | ₹1,141 | ₹2,73,910 |
| ₹1 crore | ₹79,038 | ₹80,559 | ₹1,521 | ₹3,65,213 |
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 | ICICI |
|---|---|---|
| ₹25 lakh | ₹10,325 | ₹14,750–₹59,000 |
| ₹50 lakh | ₹11,800 | ₹29,500–₹1,18,000 |
| ₹75 lakh | ₹11,800 | ₹44,250–₹1,77,000 |
| ₹1 crore | ₹11,800 | ₹59,000–₹2,36,000 |
SBI: 0.35% (min ₹2,000 · max ₹10,000). ICICI: 0.50% – 2% (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 ICICI if…
Best for borrowers needing high loan amounts (up to ₹10 Cr) with quick turnaround via a tech-forward private bank.
- you need the money sooner (5 – 7 working days)
Frequently Asked Questions
Which is better, SBI or ICICI for a home loan?
SBI has the lower starting rate (7.25% vs 7.50%). Across the 9 terms we compare, SBI is better on 2 and ICICI on 1. SBI suits government and salaried employees who want the lowest headline rate backed by a PSU bank with nationwide branches. 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 SBI and ICICI on ₹50 lakh?
Over 20 years, the EMI on ₹50 lakh is ₹39,519 at SBI's 7.25% and ₹40,280 at ICICI's 7.50%: a difference of ₹761 a month, or ₹1,82,606 in total interest.
Which charges less to prepay, SBI or ICICI?
SBI: NIL (floating 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?
SBI typically takes 7 – 10 working days and ICICI 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.
ICICI home loan interest rate
EMI tables, fees with GST and how it prices against repo.
Rate Predictor
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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.