Owning a home is one of the primary life goals for every household. However, with rising prices of real estate across India, you can't purchase a residential property on the go. This is where a Home Loan comes to your rescue and allows you to purchase a dream home.
In India, Home Loans are offered by banks as well as NBFCs, with the product offerings varying across the financial institutions. As such, you might be confused regarding the best option.
For your convenience, here we are comparing the features of Home Loan from three of the leading banks of India, i.e., SBI Home Loan, ICICI Home Loan, and HDFC Home Loan
S.No.
Particulars
SBI Home Loan
HDFC Home Loan
ICICI Home Loan
1
Age of Primary Applicant
18-70 years
18-65 years
21-65 years
2
Profession
Salaried/Self-Employed
Salaried/Self-Employed
Salaried/Self-Employed
3
Maximum Funding
Up to Rs. 5 crore
Up to Rs. 10 crore
Up to Rs. 5 crore
4
Nationality
Resident Indian
Resident Indian
Resident Indian
5
Repayment Tenor
Up to 30 years
Up to 30 years
Up to 30 years
6
Processing Fees
0.35% of the amount plus GST
0.50% of the amount or Rs. 3,000 plus GST
0.50% – 1% of the amount plus GST
Min – Rs. 2,000 + taxes
(whichever is higher)
Max – Rs. 10,000 + taxes
7
Interest Rates
7.25%
7.75% to 13.20%
7.45%
8
Documents Required
KYC, Income Proof, property documents, bank statements, signed the application form, and a cheque for the processing fee
KYC, Income Proof, property documents, bank statements, signed the application form, and a cheque for the processing fee
KYC, Income Proof, property documents, bank statements, signed the application form, and a cheque for the processing fee
Here is the detailed analysis of these parameters when you consider applying for a Home loan with any of these financial institutions.
Age of Primary Applicant: – The age of the primary applicant, as well as the co-applicants, is an important factor taken into consideration by the banks while processing the Home Loan application.
SBI Home Loan: – To apply for an SBI home loan, the age of the primary applicant should be a minimum of 18 years, and the maximum age should be 70 years. It is possible to add a secondary applicant, who is not a co-owner, in order to enhance the eligibility and repayment tenor.
HDFC Home Loan: –While applying for an HDFC Home Loan, the age of the primary applicant should be a minimum of 18 years and a maximum of 65 years. HDFC Bank allows the addition of co-applicants to enhance eligibility and repayment tenor.
ICICI Home Loan: –While applying for an ICICI home loan, the minimum age of the applicant must be 21 years, while the maximum age should be no more than 65 years. ICICI Bank allows the addition of co-applicants to enhance eligibility and repayment tenor.
Rate of Interest: – The rate of interest charged by the bank is an important factor. Before applying for a loan, make a comparison of the real-time interest charged, whether it is charged on a reducing balance basis, fixed or floating rate.
SBI Home Loan: – The rate of Interest charged by SBI against the Home Loan is directly linked to the MCLR (Marginal Cost of Fund-Based Lending Rate). There are concessional rates applicable for females up to 0.05%.
Credit Score
Term Loan
MaxGain
>=800
9.15%
9.55%
750-799
9.35%
9.55%
700-749
9.35%
9.75%
650-699
9.45%
9.85%
550-649
9.65%
10.05%
NTC/ NO CIBIL Score
9.35%
9.75%
HDFC Home Loan: – Home Loan Interest Rates Charged by HDFC Bank are connected to the RPLR, i.e., the Retail Prime Lending Rate. There are concessional rates applicable to female applicants, as mentioned in the table.
Amount
Applicant
Interest Rate
Up to Rs. 30 lakhs
Women
7.75% to 13.20%
Others
7.75% to 13.20%
30 lakhs to 75 lakhs
Women
7.75% to 13.20%
Others
7.75% to 13.20%
75 lakhs and above
Women
7.75% to 13.20%
Others
7.75% to 13.20%
ICICI Home Loan: – Home loan Interest Rates by ICICI Bank are connected with MCLR. There are special concessions available for existing ICICI Bank customers.
Special ICICI Home Loan Interest Rates
Credit Score
Salaried
Self - Employed
800
9.00%
9.00%
750 - 800
9.00%
9.10%
Standard ICICI Home Loan Interest Rates
Amount
Salaried Borrower
Non-Salaried Borrower
Up to Rs. 35 lakhs
9.25% - 9.65%
9.40% - 9.80%
Rs. 35 lakhs - Rs. 75 lakhs
9.50% - 9.80%
9.60% - 9.95%
Above Rs. 75 lakhs
9.60% - 9.90%
9.75% - 10.05%
The maximum amount available: – The maximum amount available for a Home Loan depends on a number of factors, including age, income, credit score, and the number of applicants.
SBI Home Loan: The maximum amount available as a Home Loan with SBI is Rs. 5 crore.
HDFC Home Loan: The maximum amount available as a Home Loan with HDFC Bank is Rs. 10 crore.
Repayment Tenor: Repayment tenor of the Home Loan decides the duration for which you have to pay the EMI. Repayment tenor for Home Loans is dependent on the age, income, and the loan amount, amongst various other factors.
SBI Home Loan: SBI offers a maximum repayment tenor of up to 30 years, subject to the profile of the applicant and co-applicant.
HDFC Home Loan: HDFC Bank offers a repayment tenor of up to 30 years for home loans offered by the bank.
ICICI Home Loan: ICICI Bank offers an extended repayment tenor of up to 30 years against home loans offered by the bank.
Buying a home is a big financial decision and should only be taken after careful deliberation. Do your detailed analysis and research before making a final decision regarding your Home Loan.
Updated On May 19, 2026
Written By
Written By Reshma RawatAssistant Content ManagerCredit Cards, Credit Score, Personal Loan, Home Loan, etc.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
