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SBI vs HDFC Home Loan: Who will give cheap EMI on a home loan of 25 lakhs? Know the interest rates of both banks

Samira Vishwas | June 11, 2025 7:24 AM CST

SBI vs HDFC Home Loan: Buying your dream home is the biggest goal of every person’s life. But in this era of rapidly rising property prices, it has become almost impossible for most people to buy homes without home loans. This is the reason that people take a loan from the bank and fulfill their dream of their home.

However, when it comes to taking a home loan, the biggest challenge is to choose the bank, which reduces the interest rate and EMI is cheaper. Today we have brought for you comparative information about the two largest banks of the country – SBI (State Bank of India) and HDFC Bank – Home Loan.

If you want to take a loan of 25 lakh rupees for 20 years, then let us know how much difference will be made on your pockets in the plans of both banks.

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SBI Home Loan: Affordable EMI with government confidence (SBI vs HDFC Home Loan)

SBI is the largest government bank in the country and the initial interest rate of home loan starts from 8% per year. However, this rate can change depending on your credit score (cibil), profile and loan amount.

If you take a loan of ₹ 25 lakh from SBI for 20 years and the interest rate is 8%, then:

EMI per month: ₹ 20,911
Total Payment: ₹ 50,18,640
Total interest: ₹ 25,18,640

On this basis, SBI’s home loan scheme provides low interest and convenient payment options for the common people.

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HDFC Home Loan: Private facilities, but a little expensive (SBI vs HDFC Home Loan)

At the same time, HDFC Bank – The largest private bank of the country offers home loans at an initial interest rate of 8.45% per year. Here too, the interest rate depends on your cibil score and profile.

If you take a loan of ₹ 25 lakh from HDFC Bank for 20 years and the interest rate is 8.45%, then:

EMI per month: ₹ 21,617
Total Payment: ₹ 51,87,968
Total interest: ₹ 26,87,968

In HDFC you can get digital facilities and some additional services in processing, but the total cost increases due to higher interest rate.

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SBI vs HDFC: Difference in EMI and Total Interest

Bank name	Interest rate (initial)	EMI (₹/month)	Total Payment (₹)	Total interest (₹)
SBI	8.00%	₹ 20,911	₹ 50,18,640	₹ 25,18,640
Hdfc	8.45%	₹ 21,617	₹ 51,87,968	₹ 26,87,968