SBI vs HDFC Home Loan — Which is Better in 2026?

SBI Home Loan rate is 8.50% vs HDFC at 8.70%. SBI offers a lower rate, saving you approximately ₹381/month on a ₹30L 20-year loan. Over the full tenure, this adds up to significant savings — use our EMI calculator below to get your exact figures.

Last updated: April 6, 2026

SBI

8.50%

Interest rate p.a.

✓ Better deal

HDFC

8.70%

Interest rate p.a.

SBI vs HDFC Home Loan — Detailed Comparison

Interest Rate

SBI

8.50%

HDFC

8.70%

Processing Fee

SBI

0.35% (min ₹2,000)

HDFC

0.50% (min ₹3,000)

Tenure

SBI

Up to 30 years

HDFC

Up to 30 years

Eligibility

SBI

Salaried/self-employed, 18-70 yrs, min ₹25,000/month

HDFC

Salaried/self-employed, 21-65 yrs, min ₹30,000/month

Verdict

SBI wins on home loan rate (8.50%) vs HDFC (8.70%). Over a 20-year ₹30L loan, the lower rate can save lakhs in interest. That said, evaluate processing fees, prepayment charges, and branch/digital service quality. PSU banks like SBI and PNB also offer the PMAY subsidy seamlessly. HDFC and ICICI tend to offer faster disbursals for salaried customers.

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Frequently Asked Questions

Which bank is better for home loan — SBI or HDFC?+
SBI currently offers a lower home loan interest rate. SBI charges 8.50% while HDFC charges 8.70%. However, also compare processing fees, prepayment penalties, and loan-to-value ratios before deciding.
Can I switch my home loan from SBI to HDFC (or vice versa)?+
Yes, home loan balance transfers are allowed. If the rate difference is ≥0.25%, it is usually worth transferring. Factor in foreclosure charges (nil for floating-rate loans post-RBI 2012 circular), processing fees of the new bank, and the break-even period.
What is the EMI on a ₹30L home loan for 20 years?+
At SBI's rate of 8.50%, the EMI is approximately ₹26,035. At HDFC's rate of 8.70%, it is ₹26,416. Use our EMI calculator for exact figures based on your loan amount and tenure.

Related Home Loan Comparisons

🏠 SBI vs ICICI

8.50% vs 8.75%

🏠 SBI vs Axis

8.50% vs 8.75%

🏠 SBI vs Kotak

8.50% vs 8.70%

🏠 SBI vs PNB

8.50% vs 8.50%

🏠 SBI vs Bank of Baroda

8.50% vs 8.45%

🏠 SBI vs Canara

8.50% vs 8.45%

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Disclaimer: Interest rates shown are indicative as of April 2026 and subject to change without notice. Actual rates depend on your credit score, income, and bank policy. This is for informational purposes only and does not constitute financial advice. Always verify rates with the bank before applying.