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Compare Home Loan - SBI vs Axis Bank

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Interest Rate
Interest Rate
6.70% - 7.05%
6.70% - 6.85%
Processing Fees
Processing Fees
Min ₹ 10,000;
Max ₹ 10,000
Maximum Loan Amount
Maximum Loan Amount
₹ 7 Cr
₹ 2 Cr
Maximum Tenure
Maximum Tenure
30 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 645
₹ 645
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
Minimum Age
Minimum Age
18 Years
24 Years
Maximum Age
Maximum Age
70 Years
65 Years
For Women
For Women
Overdraft Facility
Overdraft Facility
Y - SBI Maxgain
Y - Super Saver Home Loan
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare EMI of SBI and Axis Bank Home Loan

Loan Amount SBI Axis Bank
₹ 10 Lakh ₹ 6,453 ₹ 6,453
₹ 25 Lakh ₹ 16,132 ₹ 16,132
₹ 30 Lakh ₹ 19,358 ₹ 19,358
₹ 50 Lakh ₹ 32,264 ₹ 32,264

Which is a better bank for Home Loan – Axis Bank or SBI?

Axis Bank and SBI have the same interest rate on Home Loan, starting from 6.70%. Lowest EMI of Axis Bank is ₹ 645 for a maximum tenure of 30 Years. Lowest EMI of SBI is ₹ 645 for a maximum tenure of 30 Years.

How does Axis Bank Home Loan compare with SBI Home Loan?

It is important to do a detailed comparison of Axis Bank and Home Loan on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of Axis Bank and SBI Home Loan is 6.70%. Hence, both banks are at par in terms of interest rate on Home Loan
  • When compared on other Home Loan charges such as processing fees, all banks Axis Bank, SBI and charge the same amount of processing fees as a Nil.
  • Maximum processing fees which the banks charge from their Home Loan borrowers is ₹ 10,000 and hence, there is no difference in terms of the capping on loan fees.
  • Axis Bank is a Private Bank with its Home Loan rates benchmarked to RLLR. SBI is a Public Sector Bank with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to same rate which make them a comparable option to choose from.
  • Axis Bank has an average customer ratings of 4.4, while SBI has an average customer rating of 4.2, based on which it is clear that Axis Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • SBI offers special discounted rate Home Loan schemes for women, while Axis Bank currently doesn’t have such schemes for women. Hence, women borrowers should definitely evaluate SBI.
  • One unique feature overdraft facility which is nowadays a popular facility demanded by high salaried and business customers is offered by the the banks, Axis Bank and SBI.

Which bank offers lower interest rate on Home Loan – Axis Bank or SBI?

The lowest interest rate for both Axis Bank and SBI on Home Loan currently starts from 6.70% and hence, both banks are a good choice for potential borrowers.

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Home Loan News - Jun 2021
  • 2021-06-10 : Rural Loan Collections to be affected by the Second wave
    As the borrowers are continuously facing the issues created by the pandemic, India Ratings - a rating agency reported that the collections of Rural Loan which includes Home Loan, Loan Against Property, Business Loan, Personal Loan, etc. will be vastly affected because of the second wave of Covid-19.
  • 2021-06-09 : Growth of upto 18% expected by IIFL Home Finance on loans
    IIFL Home Finance expects a growth on its loan book which includes Home loans and Loan against property of upto 18%.
  • 2021-06-09 : IIFL Home Finance signs MOU with Central bank of India
    IIFL Home Finance signed a MOU with Central bank of India for co-lending. The Central bank will be providing 80% of the loan amount of IIFL.
  • 2021-06-08 : The Central Bank of India joined hands with Indiabulls Housing to provide Home Loans
    On monday, the Central bank of India and Indiabulls Housing Finance Limited entered into a partnership to provide Home Loans under priority sector at competitive prices that will lead to a greater disbursement of Housing loans by both the entities.
  • 2021-06-03 : Sundaram Home Finance revised its home loan rates
    With effect from 1 June 2020, Sundaram Home Finance revised its home loans rates. The new home loan rates start from 6.95%
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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