SBI vs Kotak Home Loan, 2026.
Reviewed by Jay Patel· Last reviewed: stale
A ledger-columns read on State Bank of India and Kotak Mahindra Bank— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
SBI vs Kotak — Home Loan Comparison
Key parameters compared side by side.
| Parameter | SBI | Kotak |
|---|---|---|
| Interest Rate (p.a.) | 8.25% – 9.15% | 8.45% – 9.4% |
| Processing Fee | 0.35% (min Rs 2,000, max Rs 10,000) | 0.50% (max Rs 10,000) |
| Max Loan Amount | Rs 10 Cr | Rs 5 Cr |
| Max Tenure | 30 Years | 20 Years |
| Bank Type | Public Sector | Private Sector |
| Founded | 1955 | 1985 |
| Headquarters | Mumbai | Mumbai |
Interest Rate (p.a.)
SBI
8.25% – 9.15%
Kotak
8.45% – 9.4%
Lower/better: SBI
Processing Fee
SBI
0.35% (min Rs 2,000, max Rs 10,000)
Kotak
0.50% (max Rs 10,000)
Max Loan Amount
SBI
Rs 10 Cr
Kotak
Rs 5 Cr
Lower/better: SBI
Max Tenure
SBI
30 Years
Kotak
20 Years
Lower/better: SBI
Bank Type
SBI
Public Sector
Kotak
Private Sector
Founded
SBI
1955
Kotak
1985
Headquarters
SBI
Mumbai
Kotak
Mumbai
Rates as of April 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 50 Lakh home loan for 20 years at each bank's lowest rate.
SBI
Kotak
Savings: Choosing SBI saves you approximately ₹630 per month, or ₹1,51,200 in total interest over the loan tenure.
Feature Comparison
Key features offered by SBI and Kotak for home loan.
| Feature | SBI | Kotak |
|---|---|---|
| No prepayment charges on floating | ||
| Top-up loan available | ||
| Balance transfer accepted | ||
| Doorstep service in 300+ cities | ||
| 811 Dream Home Loan | ||
| No prepayment penalty | ||
| Digital approval journey | ||
| Free legal & valuation |
No prepayment charges on floating
Top-up loan available
Balance transfer accepted
Doorstep service in 300+ cities
811 Dream Home Loan
No prepayment penalty
Digital approval journey
Free legal & valuation
Which Is Better — SBI or Kotak?
It depends on your priorities. Here is a quick guide.
Choose SBI If...
- Lower starting interest rate (8.25% vs 8.45%)
- Higher max loan amount (Rs 10 Cr vs 5 Cr)
- Longer max tenure (30 yrs vs 20 yrs)
- Government-backed (public sector bank)
Choose Kotak If...
- Trusted brand with strong home loan offerings
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 home loan at both banks.
SBI Eligibility
- CIBIL score: 650+ preferred
- Min income: Rs 20,000 per month (salaried)
- Self-employed: 3+ years of business vintage
- Age: 21–65 years (salaried), 25–70 years (self-employed)
- Indian resident or NRI (with conditions)
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Kotak Eligibility
- CIBIL score: 700+ preferred
- Min income: Rs 25,000 per month (salaried)
- Self-employed: 3+ years of business vintage
- Age: 21–65 years (salaried), 25–70 years (self-employed)
- Indian resident or NRI (with conditions)
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Frequently Asked Questions
Common questions about SBI vs Kotak home loan.
Which bank has a lower home loan interest rate in 2026 — SBI or Kotak?
SBI currently offers a lower starting rate of 8.25% p.a. for home loan. 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 home loan amount I can get from SBI vs Kotak?
SBI offers a higher maximum loan amount of up to Rs 10 Cr. SBI offers up to Rs 10 Cr while Kotak offers up to Rs 5 Cr for home loan.
Which bank charges a lower processing fee for home loan — SBI or Kotak?
SBI charges a processing fee of 0.35% (min Rs 2,000, max Rs 10,000), while Kotak charges 0.50% (max Rs 10,000). Processing fees are often negotiable, and Money Matrix Hub can help waive or reduce these charges.
Should I choose SBI or Kotak for home loan in 2026?
The best choice depends on your specific needs. SBI offers rates from 8.25%–9.15% with a max tenure of 30 years, while Kotak offers 8.45%–9.4% 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 home loan from both SBI and Kotak?
Yes. Money Matrix Hub is an authorised DSA partner for both SBI and Kotak. 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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