Hello there, I recently searched about Axis Bank vs SBI Home Loan to compare the two and then apply for the one which suits me the best. I ran a comparison based on the interest rates, processing charges, etc. Let me tell you everything about it.
Axis Bank Home Loan vs SBI Home Loan?
Parameter |
Axis Bank |
SBI Bank |
Interest Rate |
For a credit score of 751 and above: 8.75% p.a. for salaried and 9.10% p.a. for the self-employed. |
For a credit score of 750 and above: The interest rate starts at 8.50% p.a. |
Processing Fee |
1% of the loan amount or Rs. 10,000, whichever is higher. |
0.35% of the loan amount plus GST with a range of Rs. 2000 to Rs. 10,000 plus GST. |
Loan Amount |
Ranging from Rs. 3 lakh to Rs. 5 crore |
Contact the bank |
Loan Tenure |
30 Years |
30 Years |
Age Eligibility |
Aged between 21 and 65 years |
Aged between 18 and 70 years |
Based on all the parameters shared above, I went for a home loan from Axis Bank. I also preferred their customer executive over SBI. However, choosing the right home loan is something you should choose based on the offerings from the bank.
Your loan amount can be greater at the other bank or you might find them convenient. So, contact both and then decide between home loan SBI vs Axis Bank.
Get a Home Loan at the Lowest Interest Across 15 Banks Via NoBroker! Some related information:Which is Better Axis Bank vs HDFC Bank Home Loan?
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Authors Of The Question
Which is Better Axis Bank vs SBI Home Loan?
shefali
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1 Answers
7 months
2024-06-30T21:54:53+00:00 2024-08-06T15:08:28+00:00Comment
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