A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • 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.

    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 7.75% p.a. onwards 6.95% p.a. onwards
    Processing Fees 1% of loan amount; minimum Rs.10,000 0.40% of loan amount + GST
    Minimum: Rs.10,000 + GST
    Maximum: Rs.40,000 + GST
    MCLR (1 year) 7.55% 7.00%
    Retail Lending Rate BPLR: 16.55% EBR: 6.65%
    Loan Amount Up to Rs.5 crore Contact the bank
    Loan Tenure 30 years 30 years
    Lowest EMI Rs.716 Rs.662
    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.

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

    Axis Bank and SBI offers home loans with comparable and affordable interest rates. While Axis Bank starts at 7.75% p.a. onwards, with lower interest rates for salaried individuals, SBI offers home loans starting at 6.95% onwards with 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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