SBI home loan is preferred by applicants because of lower interest rates offered by the bank as compared to HDFC bank. Here is a comparison between the home loan offerings of both banks:


SBI Home Loan

HDFC Home Loan


SBI home loan can be used for purchasing a ready house or an under-construction property. It can also be used for funding home renovation.

HDFC offers home loans to purchase or construct a home. They have specialized loans designed for farmers, agriculturists, etc. Both salaried and self-employed individuals can avail of this loan.

Loan Amount

Rs. 5 lakhs – Rs. 10 crores

Up to Rs. 10 crores

Rate of Interest

6.80% p.a. onwards

6.80% p.a. onwards

Loan Tenure

Up to 30 years

Up to 30 years


The minimum age of the applicant must be 18 years and a maximum of 70 years.

The minimum age of the applicant must be 18 years and a maximum of 65 years.

Prepayment charges


  • No prepayment charges on variable interest rate loans.
  • 2% prepayment charges for fixed-rate loans

Processing fee

Minimum Rs. 2,000 and maximum Rs. 10,000

Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher)


  • Competitive interest rates
  • No prepayment charges
  • Longer repayment tenure
  • Special concessions for women applicants
  • Overdraft facility available
  • Competitive interest rates
  • Special offers for women under certain promotional campaigns
  • Longer repayment tenure
  • Approval of loan before property selection 
  • No hidden charges 


The maximum loan amount is lower than HDFC bank

Higher interest rates as compared to State Bank of India

Applicants must carefully consider the above-mentioned points before applying for a home loan from SBI or HDFC bank. This will help in getting maximum benefits and availing the best home loan offer.