Key facts: Bank of Baroda vs Kotak Mahindra Bank vs SBI home loan
- Starting rate: Bank of Baroda 7.20%, Kotak Mahindra Bank 7.60%, SBI 7.25%. This is the lowest rate each loan provider advertises for a home loan, not the rate everyone is offered.
- Gap between starting rates: 0.4 percentage points between the lowest and the highest.
- Maximum tenure: Bank of Baroda 30 years, Kotak Mahindra Bank 25 years, SBI 30 years.
- Type of loan provider: Bank of Baroda is a public sector bank; Kotak Mahindra Bank is a private bank; SBI is a public sector bank. Banks and NBFCs price floating rates differently.
- Official websites: bankofbaroda.bank.in, kotak.bank.in, sbi.bank.in.
- Pages checked: 8 official pages opened for this loan type.
- Loan types with a published rate: Bank of Baroda 4, Kotak Mahindra Bank 2, SBI 6 (out of 8 we track).
- EMI on ₹50 lakh over 20 years: Bank of Baroda ₹39,367, Kotak Mahindra Bank ₹40,586, SBI ₹39,519 a month, at each starting rate.
- Total interest on the same loan: Bank of Baroda ₹44,48,192, Kotak Mahindra Bank ₹47,40,627, SBI ₹44,84,512.
- Last checked: 12 October 2026, on each loan provider's own website.
Who each loan provider suits on a home loan
Built only from figures the loan providers publish. It says where each one is ahead on paper, not who will approve you.
Pick Bank of Baroda if you want
- The lowest published starting rate (7.20%)
- The longest maximum tenure (30 years)
- The most complete published terms for this loan (5 of 5 details)
Where Kotak Mahindra Bank stands
No clear edge on the published figures we could compare for a home loan. Check the table below and the Key Fact Statement.
Pick SBI if you want
- The longest maximum tenure (30 years)
Bank of Baroda vs Kotak Mahindra Bank vs SBI home loan: rate, fees and tenure
Starting home loan rates as published: Bank of Baroda from 7.20%, Kotak Mahindra Bank from 7.60% and SBI from 7.25%. Bank of Baroda is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered. Bank of Baroda lists the longer maximum tenure (up to 30 years incl. moratorium up to 36 months; not beyond age 65 per faq).
| Detail | Bank of Baroda | Kotak Mahindra Bank | SBI |
|---|---|---|---|
| Published rate | Starting @7.20% (product page); spreads BRLLR -0.70% to +1.05% floating (up to Rs 75 lakh) | Starting @7.60% p.a.* | 7.25% p.a. onwards (T&C apply), w.e.f. 01.04.2026 |
| Rate basis | Floating linked to BRLLR (resets monthly); fixed option BRLLR + 1.00% to 2.05% | Hybrid option: fixed for 39/52/65 months then floating linked to Repo Rate plus spread | Floating, linked to Repo Rate via EBLR; interest on daily reducing balance |
| Loan amount | Rs 1 crore (semi-urban/rural) up to Rs 20 crore (Mumbai), by location | Up to ₹40 crore | Not published |
| Maximum tenure | Up to 30 years incl. moratorium up to 36 months; not beyond age 65 per FAQ | Up to 25 years | Up to 30 years; repayment to be completed by age 70 |
| Processing fee | As printed on page (eff. 01.04.2025, excl. GST): up to Rs 50 lakh '50%' [sic, likely 0.50%], min Rs 8,500, max Rs 15,000 | Up to 2% of loan amount + taxes; ₹5,000 + taxes upfront at login adjusted against total fee; flat ₹5,000 for women applicants | 0.35% of loan amount + GST, min Rs 2,000 max Rs 10,000 (FAQ page) |
| Prepayment / foreclosure | Nil; no prepayment penalty | Floating-rate individual borrowers: Nil; fixed-rate individual borrowers: 1% per year of residual tenure capped at 3% | Prepayment allowed without penalty |
| Eligibility (as published) | Applicant min age 21, max 70; salaried 1 yr / non-salaried 2 yrs; resident Indians, NRIs, PIOs, OCI; individuals only | Not published | Resident of India or NRI; min age 18; EMI/NMI ratio 20% to 70% by income slab |
| Other terms published |
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| Official source | bankofbaroda.bank.in/loans/home-loan/baroda-home-loan bankofbaroda.bank.in/loans/home-loan bankofbaroda.bank.in/interest-rate-and-service-charges/retail-loans-interest-rates | kotak.bank.in/en/personal-banking/loans/home-loan.html kotak.bank.in/en/personal-banking/loans/home-loan/fees-and-charges.html | sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-rates/home-loans-interest-rates-current homeloans.sbi.bank.in/faq homeloans.sbi.bank.in/downloads/Processing-Fee-Card-Rates.pdf |
EMI illustration: ₹50 lakh over 20 years
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Bank of Baroda | 7.20% | ₹39,367 | ₹44,48,192 | ₹94,48,192 |
| Kotak Mahindra Bank | 7.60% | ₹40,586 | ₹47,40,627 | ₹97,40,627 |
| SBI | 7.25% | ₹39,519 | ₹44,84,512 | ₹94,84,512 |
Illustration only, at each loan provider's lowest published rate. It leaves out processing fees, GST, insurance and any other charges, and it is not an offer. Your approved rate may be higher.
Read the full guide: Home loan
Bank of Baroda vs Kotak Mahindra Bank vs SBI home loan EMI by amount and tenure
Monthly EMI at each loan provider's lowest published rate, on a reducing balance. Fees, GST and insurance are not included, and your offered rate may be higher.
By loan amount, over 20 years
| Loan amount | Bank of Baroda (7.20%) | Kotak Mahindra Bank (7.60%) | SBI (7.25%) |
|---|---|---|---|
| ₹25 lakh | ₹19,684 | ₹20,293 | ₹19,759 |
| ₹50 lakh | ₹39,367 | ₹40,586 | ₹39,519 |
| ₹75 lakh | ₹59,051 | ₹60,879 | ₹59,278 |
| ₹1 crore | ₹78,735 | ₹81,172 | ₹79,038 |
By tenure, on ₹50 lakh
| Tenure | Bank of Baroda (7.20%) | Kotak Mahindra Bank (7.60%) | SBI (7.25%) |
|---|---|---|---|
| 10 years | ₹58,571 interest ₹20,28,512 | ₹59,612 interest ₹21,53,460 | ₹58,701 interest ₹20,44,062 |
| 15 years | ₹45,502 interest ₹31,90,421 | ₹46,635 interest ₹33,94,337 | ₹45,643 interest ₹32,15,766 |
| 20 years | ₹39,367 interest ₹44,48,192 | ₹40,586 interest ₹47,40,627 | ₹39,519 interest ₹44,84,512 |
| 25 years | ₹35,979 interest ₹57,93,830 | ₹37,275 interest ₹61,82,620 | ₹36,140 interest ₹58,42,103 |
| 30 years | ₹33,939 interest ₹72,18,188 | Above its stated maximum | ₹34,109 interest ₹72,79,173 |
A longer tenure lowers the EMI and raises the total interest. Pick the shortest tenure your monthly budget can carry.
What each loan provider publishes about its home loan
Bank of Baroda
Public sector bank · Bank of Baroda
- How the rate is set: Floating linked to BRLLR (resets monthly); fixed option BRLLR + 1.00% to 2.05%
- Eligibility as published: Applicant min age 21, max 70; salaried 1 yr / non-salaried 2 yrs; resident Indians, NRIs, PIOs, OCI; individuals only
- Max Savings option linking savings account
- Finances flat/plot purchase, construction, renovation
- Online application with status tracking
- LTV 90% up to Rs 30 lakh, 80% Rs 30-75 lakh, 75% above
Kotak Mahindra Bank
Private bank · Kotak Mahindra Bank Limited
- How the rate is set: Hybrid option: fixed for 39/52/65 months then floating linked to Repo Rate plus spread
- Up to 90% funding (LTV) for fresh loans and balance transfers
- Pre-approved home loan for existing customers
- Home Loan Overdraft: interest only on amount used
- Kotak Vishwas Home Loan affordable option
SBI
Public sector bank · State Bank of India
- How the rate is set: Floating, linked to Repo Rate via EBLR; interest on daily reducing balance
- Eligibility as published: Resident of India or NRI; min age 18; EMI/NMI ratio 20% to 70% by income slab
- Pre-EMI option during construction
- Pre-approved loans / in-principle approval
- 0.05% p.a. concession if woman is main or co-applicant
- Section 80C principal deduction up to Rs 1.5 lakh
Before you apply for a home loan
- Prepayment: RBI does not allow pre-closure charges on floating-rate home loans to individuals. Fixed-rate loans can still carry them.
- Tax benefit: Under the old tax regime, interest on a self-occupied home is deductible up to Rs 2 lakh a year under Section 24(b), and principal repaid counts within the Rs 1.5 lakh limit of Section 80C. The new regime does not allow these. Check with your tax adviser.
- Margin: The loan provider funds a share of the property value and you pay the rest as margin. The share you can borrow falls as the property price rises.
- Balance transfer: You can move the loan later to a loan provider with a lower rate. Ask what the new loan provider charges to take it over.
RBI requires every loan provider to hand you a Key Fact Statement before you sign. It shows the rate, every fee, the APR and the total you will repay.
Terms used on this page
Plain meanings of the terms this comparison uses.
Starting rate: The lowest rate a loan provider advertises for a product. Most borrowers are offered a higher rate, because the final rate depends on credit score, income, employer and loan amount.
APR: Annual percentage rate. It adds the processing fee and other charges to the interest rate, so it shows the yearly cost of the loan better than the interest rate alone.
Key Fact Statement: A short summary the loan provider gives you before you sign. It lists the interest rate, every fee, the APR and the total amount you will repay. RBI requires it for retail loans.
Floating rate and repo rate: A floating rate moves with a benchmark, and for banks that is usually the RBI repo rate, the rate at which RBI lends to banks. A fixed rate stays the same for the period you agree.
Processing fee: A one-time charge for handling the application. It is usually a percentage of the loan amount plus GST, and it is often deducted before the money reaches you.
Credit score: A number from 300 to 900 that shows how you have repaid past loans and cards. A higher score usually gets you a lower rate.
Sources and last check
Every figure above is read from the loan provider's own website and was checked on 12 October 2026. A blank means the page does not show that figure, and we never estimate one.
- Bank of Baroda: bankofbaroda.bank.in/loans/home-loan/baroda-home-loan bankofbaroda.bank.in/loans/home-loan bankofbaroda.bank.in/interest-rate-and-service-charges/retail-loans-i...
- Kotak Mahindra Bank: kotak.bank.in/en/personal-banking/loans/home-loan.html kotak.bank.in/en/personal-banking/loans/home-loan/fees-and-charges.ht...
- SBI: sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-r... homeloans.sbi.bank.in/faq homeloans.sbi.bank.in/downloads/Processing-Fee-Card-Rates.pdf
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More home loan comparisons
Bank of Baroda vs Kotak Mahindra Bank vs SBI: every loan type on one page · All home loan comparisons · Home loan guide · Home loan EMI calculator
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Frequently asked questions
Which is better for a home loan: Bank of Baroda, Kotak Mahindra Bank or SBI?
Bank of Baroda has the lowest published starting home loan rate at 7.20%, against 7.60% at Kotak Mahindra Bank and 7.25% at SBI. On ₹50 lakh over 20 years the difference in total interest is ₹2,92,435. Rate is only one part of the cost, so also compare the processing fee, the prepayment terms and the total repayable amount in the Key Fact Statement.
Which has the lower home loan interest rate: Bank of Baroda, Kotak Mahindra Bank or SBI?
Bank of Baroda has the lowest published starting home loan rate at 7.20%, against 7.60% at Kotak Mahindra Bank and 7.25% at SBI. The rate you are offered depends on your credit profile, income and loan amount.
What is the home loan processing fee at Bank of Baroda, Kotak Mahindra Bank and SBI?
Bank of Baroda: As printed on page (eff. 01.04.2025, excl. GST): up to Rs 50 lakh '50%' [sic, likely 0.50%], min Rs 8,500, max Rs 15,000. Kotak Mahindra Bank: Up to 2% of loan amount + taxes; ₹5,000 + taxes upfront at login adjusted against total fee; flat ₹5,000 for women applicants. SBI: 0.35% of loan amount + GST, min Rs 2,000 max Rs 10,000 (FAQ page). Fees can change, so confirm the amount in rupees, with GST, before you accept.
What is the maximum home loan tenure at Bank of Baroda, Kotak Mahindra Bank and SBI?
Bank of Baroda: Up to 30 years incl. moratorium up to 36 months; not beyond age 65 per FAQ. Kotak Mahindra Bank: Up to 25 years. SBI: Up to 30 years; repayment to be completed by age 70. A longer tenure lowers the EMI and raises the total interest.
Can I prepay or foreclose a home loan early at Bank of Baroda, Kotak Mahindra Bank and SBI?
Bank of Baroda: Nil; no prepayment penalty. Kotak Mahindra Bank: Floating-rate individual borrowers: Nil; fixed-rate individual borrowers: 1% per year of residual tenure capped at 3%. SBI: Prepayment allowed without penalty. Ask whether the rate on your loan is fixed or floating, because the charges depend on it.
What is the EMI on a ₹50 lakh home loan at Bank of Baroda, Kotak Mahindra Bank and SBI?
Over 20 years at each loan provider's lowest published rate the monthly EMI is ₹39,367 at Bank of Baroda, ₹40,586 at Kotak Mahindra Bank and ₹39,519 at SBI. This leaves out processing fees, GST and insurance, and your approved rate may be higher.
Who is eligible for a home loan at Bank of Baroda, Kotak Mahindra Bank and SBI?
Bank of Baroda: Applicant min age 21, max 70; salaried 1 yr / non-salaried 2 yrs; resident Indians, NRIs, PIOs, OCI; individuals only. Kotak Mahindra Bank: not published. SBI: Resident of India or NRI; min age 18; EMI/NMI ratio 20% to 70% by income slab. Each loan provider can ask for more documents once you apply.
Are Bank of Baroda, Kotak Mahindra Bank and SBI regulated by the RBI?
Yes. Bank of Baroda is a public sector bank, Kotak Mahindra Bank is a private bank, SBI is a public sector bank, and all lend under RBI rules, including the requirement to give you a Key Fact Statement before you sign.
Where do these home loan figures come from?
From the official pages of Bank of Baroda, Kotak Mahindra Bank and SBI, opened and checked on 12 October 2026. The sources are listed at the bottom of this page. We show a blank where a loan provider does not publish a figure, and we do not estimate one.
KhatuLoans is not a loan provider and is not paid by the loan providers named here to rank them. Rates, fees and eligibility change; always confirm with the loan provider. Read our editorial policy and how we make money.