SBI vs HDFC Home Loan: Comparing Home Loan Options for Your Dream Home
Choosing between SBI vs HDFC Home Loan can be a big decision when planning your dream home. Both banks offer attractive interest rates, flexible repayment options, and reliable customer service. While SBI is known for its transparency and wide reach, HDFC stands out with its faster processing and customized loan solutions. Comparing their rates, fees, and benefits helps you pick the perfect loan that fits your financial goals.
SBI vs HDFC Home Loan: Making the Right Choice for Your Dream Home
When it comes to buying your dream home, the right home loan can make all the difference. Choosing between HDFC Bank Home Loan vs SBI Home Loan is an important financial decision that affects your long-term goals — whether you’re purchasing your first home, refinancing an existing one, or investing in property.
Both SBI and HDFC are trusted names offering competitive interest rates, flexible repayment options, and customized loan products. However, understanding the key differences between HDFC Home Loan vs SBI will help you make a smart and confident choice.
In this comparison, we’ll break down their interest rates, features, and benefits to guide you toward the best option for your financial needs.
| Feature | SBI Home Loan | HDFC Home Loan |
| Purpose | Purchase of existing or under-construction homes, renovation, extension. | Purchase of homes, construction, renovation, with specific loans for various profiles. |
| Eligible Profiles | Resident and Non-Resident Salaried and Self-Employed Individuals | Resident and Non-Resident Salaried and Self-Employed Individuals |
| Age Criteria | Min: 18 years, Max: 75 years | Min: 18 years, Max: 65 years |
| Loan Amount | Up to Rs.10 crore or up to 90% of the property value | Up to Rs.10 crore or up to 90% of the property value |
| Loan Tenure | Up to 30 years | Up to 30 years |
| Rate of Interest | Starting at 8.25%* onwards | Starting at 8.45%* onwards |
| Processing Fee | 0.35% – 0.50% of the loan amount, minimum Rs. 2,000, maximum Rs. 10,000 + applicable taxes | Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) |
| Prepayment Charges | No fees for prepayment on floating rates. | No prepayment charges for floating rates |
| Pros | Competitive interest rates No prepayment charges for floating rates Long repayment tenure Special interest concession for women applicants (5 basis point concession for women borrowers)Availability of overdraft No hidden charges Top-up, overdraft, and balance transfer options Attractive Tax benefits Interest charges on daily reducing balance | Competitive interest rates Lower EMIs for women under promotional campaigns (Interest rate concession for women borrowers)Long repayment tenure Loan approval before property selection No hidden charges Multiple loan repayment options Quick documentation process Attractive Tax benefits Top-up, overdraft, and balance transfer facilities |
| Cons | – Maximum loan amount may be lower compared to HDFC – Documentation requirements | – Higher interest rates compared to SBI |
| Documents Required | Completed application form Passport size photographs Employer Identity Card (for salaried applicants)Proof of Identity Proof of Residence Property Documents Account Statement: Last 6 months’ bank account statements and loan account statement of the last year (if applicable)Proof of Income (For Salaried):Salary Slip/Salary Certificate of the last 3 months Form 16 for the last 2 years Returns for the last 2 financial years Proof of Income (For Non-Salaried):Business address proof IT returns for the last 3 years Balance Sheet & Profit & Loss A/c for the last 3 years Business License Details (or equivalent)TDS Certificate (Form 16A, if applicable)Certificate of qualification (for C.A./Doctor and other professionals) | Completed application form Passport size photographs Employer Identity Card (for salaried applicants)Proof of Identity Proof of Residence Property Documents Account Statement: Last 6 months’ bank account statements and loan account statement of the last year (if applicable)Proof of Income (For Salaried): Salary Slip/Salary Certificate of the last 3 months Form 16 for the last 2 years Returns for the last 2 financial years Proof of Income (For Non-Salaried):Business address proof IT returns for the last 3 years Balance Sheet & Profit & Loss A/c for the last 3 years Business License Details (or equivalent)TDS Certificate (Form 16A, if applicable)Certificate of qualification (for C.A./Doctor and other professionals) |
| Home Loan Schemes | SBI Home Loan to Non-Salaried SBI Balance Transfer Home Loan SBI Pre-approved Home Loan SBI Flex pay Home Loan SBI Shaurya Home Loan SBI Corporate Home Loan SBI Tribal Plus SBI Privilege Home Loan SBI Home Top Up Loan SBI Bridge Home Loan SBI Regular Home Loan SBI NRI Home Loan SBI Smart Home Top Up Loan SBI YONO Insta Home Top Up Loan | HDFC Home Loan Home Extension Loan Rural Housing Loans Pradhan Mantri Awas Yojana The HDFC Advantage HDFC Plot Loans HDFC Reach Loan Home Improvement Loan Special Home Loan for Agriculturists HDFC Home Loan for NRI/PIO |
| Application Process | Completed application form Passport size photographs Employer Identity Card (for salaried applicants)Proof of Identity Proof of Residence Bank account statement for the last 6 months Proof of Income (For Salaried):Last 3 months’ Salary Slips Last 6 months’ Bank Statements showing salary credits Latest Form-16IT returns proof of Income (For Non-Salaried):CA-attested Income Tax Returns (ITR) for the last 3 Assessment Years CA-attested Balance Sheet and Profit & Loss Account Statements for the last 3 years Last 6 months’ Current Account Statements of the business entity Savings Account Statements of the individual Property-related documents like allotment paper | Online or by visiting an HDFC branch.
Follow this link. |
| Customer Service | Toll-Free Number: 1800 112 211/1800 425 3800 Email ID: homeloan.complaints@sbi.co.in | Missed Call Service: +91-9289200017 SMS: HDFCHOME to 56767 |
SBI vs HDFC Home Loan Interest Rate: Which One Should You Choose?
When comparing HDFC Home Loan vs SBI Home Loan, the main difference lies in their interest rates. Generally, SBI home loan interest rates are slightly higher than HDFC, though both banks offer competitive rates and flexible repayment options.
It’s important to compare SBI vs HDFC Home Loan Interest Rate based on your financial goals, eligibility, and repayment capacity — as even a small rate difference can significantly impact your total loan cost.
While HDFC often offers attractive rates, some borrowers may find its interest rates higher than other lenders depending on credit score and loan type. If you’re already repaying a loan, a home loan balance transfer between SBI and HDFC can help you reduce interest payments and save more in the long run.
Choosing between HDFC vs SBI Home Loan Interest Rate depends on your personal priorities — whether it’s lower EMIs, flexible terms, or better customer service. Still confused? NoBroker Home Loan experts can help you compare rates, calculate EMIs, and secure the best deal seamlessly.
How NoBroker Helps You
NoBroker makes your home loan comparison simple and stress-free. With our expert guidance, you can compare SBI vs HDFC home loan interest rates, check your eligibility, calculate EMIs, and get personalized loan offers—all in one place. Our team helps you choose the most affordable and convenient option without hidden charges. Plus, NoBroker assists you throughout the application process, ensuring faster approvals and transparent support.
Conclusion
Both SBI and HDFC offer excellent home loan options with unique advantages. While SBI stands out for its reliability and government-backed trust, HDFC impresses with flexible repayment choices and efficient processing. Your final decision should depend on your financial needs, comfort with repayment, and desired loan features. With NoBroker’s home loan assistance, you can easily compare, apply, and secure the best deal for your dream home—hassle-free and confidently.
