SBI vs HDFC Loan Against Property, 2026.
Reviewed by Jay Patel· Last reviewed: stale
A ledger-columns read on State Bank of India and HDFC Bank— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
SBI vs HDFC — Loan Against Property Comparison
Key parameters compared side by side.
| Parameter | SBI | HDFC |
|---|---|---|
| Interest Rate (p.a.) | 8.75% – 10.5% | 9% – 11% |
| Processing Fee | 0.50% (max Rs 50,000) | 1.00% (max Rs 75,000) |
| Max Loan Amount | Rs 7.5 Cr | Rs 10 Cr |
| Max Tenure | 15 Years | 20 Years |
| Bank Type | Public Sector | Private Sector |
| Founded | 1955 | 1994 |
| Headquarters | Mumbai | Mumbai |
Interest Rate (p.a.)
SBI
8.75% – 10.5%
HDFC
9% – 11%
Lower/better: SBI
Processing Fee
SBI
0.50% (max Rs 50,000)
HDFC
1.00% (max Rs 75,000)
Max Loan Amount
SBI
Rs 7.5 Cr
HDFC
Rs 10 Cr
Lower/better: HDFC
Max Tenure
SBI
15 Years
HDFC
20 Years
Lower/better: HDFC
Bank Type
SBI
Public Sector
HDFC
Private Sector
Founded
SBI
1955
HDFC
1994
Headquarters
SBI
Mumbai
HDFC
Mumbai
Rates as of April 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 30 Lakh LAP for 15 years at each bank's lowest rate.
SBI
HDFC
Savings: Choosing SBI saves you approximately ₹445 per month, or ₹80,100 in total interest over the loan tenure.
Feature Comparison
Key features offered by SBI and HDFC for loan against property.
| Feature | SBI | HDFC |
|---|---|---|
| Up to 65% LTV | ||
| Overdraft facility available | ||
| Residential & commercial property accepted | ||
| No foreclosure charges | ||
| Up to 70% LTV for residential | ||
| Overdraft & term loan options | ||
| Special rates for professionals | ||
| Balance transfer accepted |
Up to 65% LTV
Overdraft facility available
Residential & commercial property accepted
No foreclosure charges
Up to 70% LTV for residential
Overdraft & term loan options
Special rates for professionals
Balance transfer accepted
Which Is Better — SBI or HDFC?
It depends on your priorities. Here is a quick guide.
Choose SBI If...
- Lower starting interest rate (8.75% vs 9%)
- Government-backed (public sector bank)
- Lower maximum rate (10.5% vs 11%)
Choose HDFC If...
- Higher max loan amount (Rs 10 Cr vs 7.5 Cr)
- Longer max tenure (20 yrs vs 15 yrs)
Still unsure? Contact Money Matrix Hub for a free personalised recommendation based on your income, credit score, and loan requirement.
Eligibility Comparison
General eligibility criteria for loan against property at both banks.
SBI Eligibility
- Property must be free from encumbrance
- CIBIL score: 650+ preferred
- Salaried or self-employed applicants
- Min income: Rs 25,000 per month
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
HDFC Eligibility
- Property must be free from encumbrance
- CIBIL score: 700+ preferred
- Salaried or self-employed applicants
- Min income: Rs 30,000 per month
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Frequently Asked Questions
Common questions about SBI vs HDFC loan against property.
Which bank has a lower loan against property interest rate in 2026 — SBI or HDFC?
SBI currently offers a lower starting rate of 8.75% p.a. for loan against property. However, the actual rate you receive depends on your credit score, income, and loan amount. Money Matrix Hub can help you get the best negotiated rate from both banks.
What is the maximum loan against property amount I can get from SBI vs HDFC?
HDFC offers a higher maximum loan amount of up to Rs 10 Cr. SBI offers up to Rs 7.5 Cr while HDFC offers up to Rs 10 Cr for loan against property.
Which bank charges a lower processing fee for loan against property — SBI or HDFC?
SBI charges a processing fee of 0.50% (max Rs 50,000), while HDFC charges 1.00% (max Rs 75,000). Processing fees are often negotiable, and Money Matrix Hub can help waive or reduce these charges.
Should I choose SBI or HDFC for loan against property in 2026?
The best choice depends on your specific needs. SBI offers rates from 8.75%–10.5% with a max tenure of 15 years, while HDFC offers 9%–11% with 20 years tenure. Contact Money Matrix Hub for a personalised comparison based on your profile.
Can Money Matrix Hub help me apply for a loan against property from both SBI and HDFC?
Yes. Money Matrix Hub is an authorised DSA partner for both SBI and HDFC. We can submit parallel applications at no extra cost and help you pick the best sanction offer. Our service is 100% free for borrowers.
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