State Bank of India vs Axis Bank Loan Against Property Comparison 2026
A side-by-side comparison of interest rates, EMI, eligibility, and features to help you choose the better Loan Against Property for your financial profile.
Data as of March 2026
Detailed Comparison
| Parameter | SBI | AXIS |
|---|---|---|
| Min Interest Rate | 8.7% p.a. | 9% p.a. |
| Max Interest Rate | 10.5% p.a. | 14% p.a. |
| Rate Type | floating | floating |
| Processing Fee | 1% (min ₹10,000) | 1% (max ₹10,000) |
| Max Loan Amount | ₹7.5 Crore | ₹5 Crore |
| Max Tenure | 15 years | 20 years |
| Min CIBIL Score | 700+ | 700+ |
| Min Income (Salaried) | ₹30,000/month | ₹30,000/month |
| Min Income (Self-Employed) | ₹5 lakh/year | ₹5 lakh/year |
| Prepayment Charges | Nil for floating rate. Fixed rate: 2% of outstanding + GST | Nil for floating rate. Fixed rate: 2% of prepaid amount + GST |
| Benchmark Rate | Repo Rate Linked | Repo Rate Linked |
| Women Borrower Discount | 0.05% concession | 0.05% concession |
* Green values indicate a better metric for that bank.
EMI Comparison — 15 Year Tenure
Monthly EMI and total cost at each bank's minimum interest rate.
| Loan Amount | SBI EMI | SBI Total Cost | AXIS EMI | AXIS Total Cost | Savings |
|---|---|---|---|---|---|
| ₹25 Lakh | ₹24,912/mo | ₹44.84 Lakh | ₹25,357/mo | ₹45.64 Lakh | ₹80.1K |
| ₹50 Lakh | ₹49,825/mo | ₹89.69 Lakh | ₹50,713/mo | ₹91.28 Lakh | ₹1.6 Lakh |
| ₹1 Crore | ₹99,650/mo | ₹1.79 Crore | ₹1,01,427/mo | ₹1.83 Crore | ₹3.2 Lakh |
* Savings column shows the difference in total interest paid over the full tenure.
Which Bank is Better for You?
Best for Lowest EMI
State Bank of India — starts at 8.7%, lower than AXIS's 9%.
Best for Longer Tenure
Axis Bank — offers up to 20 years, giving you more flexibility to reduce EMI.
Best for Large Loan
State Bank of India — maximum loan of ₹7.5 Crore, ideal for high-value properties.
Best for Lower CIBIL Score
State Bank of India — accepts CIBIL scores from 700, more inclusive for borderline profiles.
Best for Self-Employed
Both banks offer Loan Against Property to self-employed professionals and business owners. SBI's minimum: ₹5 lakh/year vs AXIS: ₹5 lakh/year.
Frequently Asked Questions
Which bank offers a lower Loan Against Property interest rate — SBI or AXIS?
SBI starts at 8.7% p.a. while AXIS starts at 9% p.a. SBI offers the lower starting rate as of March 2026. However, the actual rate depends on your credit profile, income, and loan amount.
What is the processing fee difference between SBI and AXIS?
SBI charges 1% (min ₹10,000) while AXIS charges 1% (max ₹10,000). For large loan amounts, even a 0.1% difference in processing fee can translate to thousands of rupees.
Which bank has higher maximum loan amount — SBI or AXIS?
SBI offers up to ₹7.5 Crore while AXIS offers up to ₹5 Crore. SBI has the higher maximum limit.
What CIBIL score do I need for SBI and AXIS Loan Against Property?
SBI requires a minimum CIBIL score of 700 while AXIS requires 700. For the best interest rates from both banks, a CIBIL score of 750+ is recommended.
Can I transfer my Loan Against Property from SBI to AXIS?
Yes, balance transfer is possible if AXIS offers a lower rate than your current SBI Loan Against Property. You will need to pay a small processing fee and the remaining tenure should be at least 12 months. Contact Money Matrix Hub to assess if a balance transfer is beneficial for your specific case.
Which bank processes Loan Against Property applications faster?
Private banks like AXIS typically process loans faster (3–7 working days) compared to public sector banks which may take 7–14 working days. For urgent requirements, consider a bank with a strong digital loan processing platform.
Which bank is better for first-time home buyers — SBI or AXIS?
Both SBI and AXIS offer special schemes for first-time buyers. SBI offers Loan up to 65% of property market value while AXIS features Loan against residential, commercial, or industrial property. For PMAY subsidy benefits, check eligibility with both banks.
What is the total interest paid over 15 years for a ₹50 Lakh Loan Against Property?
At SBI's rate of 8.7%: EMI = ₹49,825/mo, total interest = ₹39.69 Lakh. At AXIS's rate of 9%: EMI = ₹50,713/mo, total interest = ₹41.28 Lakh.
Do both banks offer prepayment without penalty?
RBI regulations mandate that floating rate loans should not attract prepayment charges. Both SBI and AXIS do not charge prepayment penalties on floating rate Loan Against Property. For fixed rate loans, a 2-3% prepayment charge may apply — check your loan agreement carefully.
Which bank should I choose for a Loan Against Property — SBI or AXIS?
The right choice depends on your profile: If you prioritize the lowest rate, SBI has the edge. If you want a longer tenure, AXIS offers 20 years. For digital convenience and faster processing, private sector banks typically score higher. Money Matrix Hub can help you get the best offer from both banks simultaneously.
Get the Best Offer from Both Banks
Apply through Money Matrix Hub to receive competing offers from SBI and AXIS simultaneously. Our advisors will negotiate the best rate for you. Free service, no hidden charges.