SBI vs Kotak Loan Against Property, 2026.
Reviewed by Jay Patel· Last reviewed:
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 — Loan Against Property Comparison
Key parameters compared side by side.
| Parameter | SBI | Kotak |
|---|---|---|
| Interest Rate (p.a.) | 8.75% – 10.5% | 9.25% – 12% |
| Processing Fee | 0.50% (max Rs 50,000) | 1.00% (max Rs 50,000) |
| Max Loan Amount | Rs 7.5 Cr | Rs 5 Cr |
| Max Tenure | 15 Years | 18 Years |
| Bank Type | Public Sector | Private Sector |
| Founded | 1955 | 1985 |
| Headquarters | Mumbai | Mumbai |
Interest Rate (p.a.)
SBI
8.75% – 10.5%
Kotak
9.25% – 12%
Lower/better: SBI
Processing Fee
SBI
0.50% (max Rs 50,000)
Kotak
1.00% (max Rs 50,000)
Max Loan Amount
SBI
Rs 7.5 Cr
Kotak
Rs 5 Cr
Lower/better: SBI
Max Tenure
SBI
15 Years
Kotak
18 Years
Lower/better: Kotak
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 30 Lakh LAP for 15 years at each bank's listed starting rate.
SBI
Kotak
Savings: Choosing SBI saves you approximately ₹893 per month, or ₹1,60,740 in total interest over the loan tenure.
Feature Comparison
Key features offered by SBI and Kotak for loan against property.
| Feature | SBI | Kotak |
|---|---|---|
| Up to 65% LTV | ||
| Overdraft facility available | ||
| Residential & commercial property accepted | ||
| No foreclosure charges | ||
| Flexi OD available | ||
| Quick valuation turnaround | ||
| Balance transfer + top-up |
Up to 65% LTV
Overdraft facility available
Residential & commercial property accepted
No foreclosure charges
Flexi OD available
Quick valuation turnaround
Balance transfer + top-up
Which Is Better — SBI or Kotak?
It depends on your priorities. Here is a quick guide.
Choose SBI If...
- Lower starting interest rate (8.75% vs 9.25%)
- Higher max loan amount (Rs 7.5 Cr vs 5 Cr)
- Government-backed (public sector bank)
- Lower maximum rate (10.5% vs 12%)
Choose Kotak If...
- Longer max tenure (18 yrs vs 15 yrs)
Need context for this comparison? Contact Money Matrix Hub to discuss the displayed lender information. Any service terms and lender decisions should be confirmed before proceeding.
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.
Kotak 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 Kotak loan against property.
Which bank has a lower loan against property interest rate in 2026 — SBI or Kotak?
SBI currently shows a lower published starting rate of 8.75% p.a. for loan against property. However, the actual rate you receive depends on lender eligibility, current documentation, credit score, income, and loan amount. Money Matrix Hub can help you compare available lender information from both banks.
What is the maximum loan against property amount I can get from SBI vs Kotak?
SBI offers a higher maximum loan amount of up to Rs 7.5 Cr. SBI offers up to Rs 7.5 Cr while Kotak offers up to Rs 5 Cr for loan against property.
Which bank charges a lower processing fee for loan against property — SBI or Kotak?
SBI lists a processing fee of 0.50% (max Rs 50,000), while Kotak lists 1.00% (max Rs 50,000). Fees and waivers can depend on lender policy and borrower eligibility, so confirm the current Key Fact Statement before accepting an offer.
Should I choose SBI or Kotak 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 Kotak offers 9.25%–12% with 18 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 Kotak?
Money Matrix Hub can help you compare available lender information for SBI and Kotak. Any application, credit enquiry, offer, sanction decision, lender fee, and borrower charge are subject to the relevant lender's current policy and documentation.
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