Axis Bank Vs SBI Bank Home Loan

Make a well-informed decision about the best home loan for you by comparing the interest rates and other features of different loans, for example, Axis Bank vs State Bank of India (SBI) home loans. Both these leading banks offer competitive interest rates and a wide variety of loan schemes that cater to different requirements. This will help you choose the right loan for you and make your dream of owning a home a reality.

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Compare Axis Bank Home Loan Vs SBI Bank Home Loan

Given below are the different parameters for Axis Bank home loans vs SBI home loans:

Compare	Axis Bank Home Loan	SBI Home Loan
Interest Rate	For Salaried:8.60% - 8.95% p.a. For self-employed: 8.70% - 9.05% p.a.	8.40% p.a. onwards
Processing Fees	1% of loan amount; minimum Rs.10,000	0.35% of loan amount + GST Minimum: Rs.2,000 + GST Maximum: Rs.10,000 + GST
MCLR (1 year)	8.35%	8.05%
Retail Lending Rate	BPLR: 17.20%	EBR: 8.55%
Loan Amount	Up to Rs.5 crore	Contact the bank
Loan Tenure	30 years	30 years
Lowest EMI	Rs.649	Rs.652
Eligibility	Resident Indian and NRI Salaried and self-employed	Resident Indian Between 18 to 70 years of age
Prepayment Charges	Nil	Nil
Penal Interest Rates	24% p.a.	2% p.a.
Popular Home Loan Products	Axis Bank Home loan QuickPay Home Loan Shubh Aarambh Home Loan Fast Forward Home Loan Asha Home Loan Top-Up Home Loan Super Saver Home Loan Power Advantage Home Loans Pradhan Mantri Awas Yojana NRI Home Loan	SBI Regular Home Loan SBI Balance Transfer Home Loan SBI Flexipay Home Loan SBI Privilege Home Loan SBI Shaurya Home Loan SBI Pre-approved Home Loan SBI Bridge Home Loan SBI Home Top Up Loan SBI Smart Home Top Up Loan SBI YONO Insta Home Top Up Loan SBI Corporate Home Loan SBI Home Loan to Non-Salaried SBI Tribal Plus SBI NRI Home Loan

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Which Bank Offers the Lowest Home Loan Interest Rate - Axis Bank Vs SBI?

Axis Bank and SBI offer home loans with comparable and affordable interest rates. While Axis Bank starts at 8.60% p.a. onwards, with lower interest rates for salaried individuals, SBI offers home loans starting at 8.40% onwards with an interest rate concession of 05 basis points for women borrowers. Interest rates for Axis Bank and SBI home loans also vary according to the scheme and quantum of loan applied for with different features for each scheme.

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