SBI Max Gain vs SBI Regular Home Loan - Which Is Better

Compare two of the major home loan schemes from State Bank of India, which has a wide range of different housing loans, to understand which will be the best home loan for you based on your requirements. Although both the schemes are offered by the same bank, each one has its unique features and benefits. Understanding this will help you make the right decision that will help you own your dream home without any hassles.

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Compare SBI Max Gain Vs SBI Regular Home Loan

Compare	SBI Max Gain	SBI Regular Home Loan
Interest Rate	8.95% to 9.05%	8.40% p.a. onwards
Processing Fees	0.35% of loan amount + GST Minimum: Rs.2,000 + GST Maximum: Rs.10,000 + GST	0.35% of loan amount + GST Minimum: Rs.2,000 + GS5 Maximum: Rs.10,000 + GST
MCLR (1 year)	8.05%	8.05%
EBR	EBR: 8.55%	EBR: 8.55%
Loan Amount	Contact the bank	Contact the bank
Loan Tenure	30 years	30 years
Lowest EMI	Rs.675	Rs.649
Eligibility	Resident Indian Between 18 to 70 years of age	Resident Indian Between 18 to 70 years of age
Prepayment Charges	Nil	Nil
Penal Interest Rates	2% p.a.	2% p.a.

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Which SBI Home Loan Scheme Offers Lowest Home Loan Interest Rate - SBI Max Gain Vs SBI Regular Home Loan?

State Bank of India offers affordable interest rates on all its home loan schemes which are tailored for different demographics. Women borrowers get a concession on interest rate of up to 05 basis points on all the home loans. SBI Regular Home Loan starts at 8.40% p.a. onwards whereas SBI Max Gain starts at 8.95% to 9.05%. So it is SBI Regular Home Loan that offers a lower interest rate. However, it has to be kept in mind that SBI Max Gain home loans are sanctioned as an overdraft where the drawing power is reduced on a monthly basis up till the principal amount of the Equated Monthly Instalment such that it is completely liquidated by the end of the loan repayment tenure.

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