Key takeaways: Bank of India vs SBI
- SBI advertises the lower starting personal loan rate here, 10%, compared with 10.85% at Bank of India.
- For a home loan, SBI starts lower (7.25%) versus 8.40% at Bank of India.
- For a gold loan, Bank of India starts lower (8.80%) versus 9.15% at SBI.
- All of them publish a numeric starting rate for: personal loan, home loan and gold loan. That is the part of this page you can rank like for like.
- A starting rate is the best case. Ask each loan provider for its Key Fact Statement and compare the APR and total repayable amount before you choose.
Quick verdict: who each loan provider suits
Built only from figures the loan providers publish. It says where each loan provider is ahead on paper, not who will approve you.
Pick Bank of India if you want
- The lower published starting gold loan rate (8.80%)
Pick SBI if you want
- The lower published starting personal loan rate (10%)
- The lower published starting home loan rate (7.25%)
- The widest range of loan types with a published rate (6)
Bank of India vs SBI at a glance
| Detail | Bank of India | SBI |
|---|---|---|
| Loan provider type | Public sector bank | Public sector bank |
| Legal name | Bank of India | State Bank of India |
| Loan types with a published rate | Personal loan, Home loan, Gold loan | Personal loan, Home loan, Gold loan, Education loan, Car loan, Two-wheeler loan |
| Personal loan: published rate | Starting from 10.85% p.a. | Starting from 10.00% p.a. (T&C apply); scheme range 10.00% to 15.00% |
| Personal loan: maximum tenure | 84 months | 84 months |
| Home loan: published rate | Starting from 8.40% | 7.25% p.a. onwards (T&C apply), w.e.f. 01.04.2026 |
| Home loan: maximum tenure | 360 months | Up to 30 years; repayment to be completed by age 70 |
| Official website | bankofindia.co.in | sbi.bank.in |
Searching for SBI vs Bank of India instead? It is the same comparison, so both open this page.
Bank of India vs SBI personal loan: rate, fees and tenure
Starting personal loan rates as published: Bank of India from 10.85% and SBI from 10%. SBI is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered.
| Detail | Bank of India | SBI |
|---|---|---|
| Published rate | Starting from 10.85% p.a. | Starting from 10.00% p.a. (T&C apply); scheme range 10.00% to 15.00% |
| Rate basis | daily reducing balance; linked to CIBIL personal score | 2-year MCLR (8.75%) + spread 1.25% to 6.25% |
| Loan amount | Up to Rs. 25.00 lakhs | Rs 1 lakh to Rs 50 lakh (subject to EMI/NMI up to 65% and 30 times NMI, whichever is lower) |
| Maximum tenure | 84 months | 84 months |
| Processing fee | 2.00% of loan amount for individuals, min Rs. 1,000, max Rs. 10,000 | Up to 1.50% of loan amount (min Rs 1,000, max Rs 15,000) + GST; waivers for some customers |
| Prepayment / foreclosure | No prepayment penalty | 2% of prepaid amount; waivers for some categories |
| Eligibility (as published) | Salaried, self-employed or professionals; max age 70 at final repayment | Age 21-60; min net monthly salary Rs 20,000 (govt/defence) or Rs 25,000 (corporate); no minimum CIBIL stated |
| Other terms published |
|
|
| Official source | bankofindia.co.in/personal-loan/star-personal-loan | sbi.bank.in/web/personal-banking/loans/personal-loans/sbi-personal-loan sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-rates/personal-loans-schemes |
EMI illustration: ₹5 lakh over 5 years
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Bank of India | 10.85% | ₹10,834 | ₹1,50,031 | ₹6,50,031 |
| SBI | 10% | ₹10,624 | ₹1,37,411 | ₹6,37,411 |
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: Personal loan
Bank of India vs SBI personal loan: full comparison with EMI, fees and FAQs
Bank of India vs SBI home loan: rate, fees and tenure
Starting home loan rates as published: Bank of India from 8.40% and SBI from 7.25%. SBI is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered.
| Detail | Bank of India | SBI |
|---|---|---|
| Published rate | Starting from 8.40% | 7.25% p.a. onwards (T&C apply), w.e.f. 01.04.2026 |
| Rate basis | daily reducing balance; linked to CIBIL personal score | Floating, linked to Repo Rate via EBLR; interest on daily reducing balance |
| Maximum tenure | 360 months | Up to 30 years; repayment to be completed by age 70 |
| Processing fee | Individuals: 0.25% of loan amount, min Rs. 1,500, max Rs. 20,000; non-individuals 0.50%, min Rs. 3,000, max Rs. 40,000 | 0.35% of loan amount + GST, min Rs 2,000 max Rs 10,000 (FAQ page) |
| Prepayment / foreclosure | No prepayment penalty | Prepayment allowed without penalty |
| Eligibility (as published) | Resident Indians, NRIs, PIOs; age 18 to 70 at final repayment; trusts not eligible | Resident of India or NRI; min age 18; EMI/NMI ratio 20% to 70% by income slab |
| Other terms published |
|
|
| Official source | bankofindia.co.in/home-loan/star-home-loan | 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 India | 8.40% | ₹43,075 | ₹53,38,054 | ₹1,03,38,054 |
| 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 India vs SBI home loan: full comparison with EMI, fees and FAQs
Bank of India vs SBI gold loan: rate, fees and tenure
Starting gold loan rates as published: Bank of India from 8.80% and SBI from 9.15%. Bank of India is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered.
| Detail | Bank of India | SBI |
|---|---|---|
| Published rate | 8.80% p.a. (Agriculture and Consumption); 9.25% p.a. (Food & Agro and MSME & OPS) | Mean rate 9.25%; 12-month bullet 9.15%, EMI-based 10.10%, overdraft 10.10% (page also lists 10.00% in FAQ) |
| Rate basis | MCLR+0.00% (Agri/Consumption); RBLR+0.00% (Food & Agro, MSME & OPS) | 1-year MCLR (8.70%) + spread 0.45% (bullet) / 1.40% (EMI, OD) |
| Loan amount | Rs. 50 lakh | Rs 20,000 (overdraft Rs 5,00,000) to Rs 1 crore per individual per FAQ (page also cites Rs 50 lakh ceiling) |
| Maximum tenure | Not published | EMI 36 months; bullet 12 months; overdraft 36 months |
| Processing fee | Nil up to Rs 1 lakh; Rs 125 per lakh above Rs 1 lakh to Rs 5 lakh (max Rs 250); Rs 125 per lakh above Rs 5 lakh (max Rs 1,000) | Features table: 0.25%-0.30% + GST with minimums (Rs 250 to Rs 7,500) |
| Prepayment / foreclosure | No pre closure charges | No prepayment penalty; no foreclosure charges |
| Eligibility (as published) | Individual lawful owner of gold; KYC required; land holding particulars for agri loans above Rs 2 lakh | Age 18+ with steady income; individuals singly or jointly |
| Other terms published |
|
|
| Official source | bankofindia.co.in/gold-loan | sbi.bank.in/web/personal-banking/loans/gold-loan/personal-gold-loans sbi.bank.in/web/interest-rates/interest-rates/processing-fees |
Read the full guide: Gold loan
Bank of India vs SBI gold loan: full comparison with EMI, fees and FAQs
Bank of India vs SBI education loan: rate, fees and tenure
Only SBI publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. Bank of India does not publish a numeric starting rate for this product on its site.
| Detail | Bank of India | SBI |
|---|---|---|
| Published rate | 1-year RBLR + 1.70% (up to Rs 7.50 lakh); 1-year RBLR + 2.50% (above Rs 7.50 lakh) | Student Loan 9.40% (with collateral) / 9.90% (without collateral up to Rs 7.50 lakh); Scholar Loan 6.90% to 7.65% |
| Rate basis | 1-year RBLR-linked floating | Floating, linked to External Benchmark Rate (EBR 7.90% = Repo 5.25% + 2.65%) |
| Loan amount | Rs 150 lakh (India studies, medical excl. nursing and non-medical) | Student Loan: India up to Rs 50 lakh / Rs 75 lakh (medical, NIRF top-100), abroad up to Rs 7.50 lakh |
| Maximum tenure | 15 years after moratorium (course period + 1 year) | Up to 15 years after course period + 12-month repayment holiday |
| Processing fee | Nil; separate VLP portal charge Rs 100 + 18% GST | Student Loan: nil up to Rs 10 lakh; Rs 5,000 + GST for Rs 10-20 lakh |
| Prepayment / foreclosure | No prepayment penalty | Not published |
| Eligibility (as published) | Indian national/PIO/OCI with admission to recognised course; co-borrower required; collateral above Rs 7.50 lakh | Indian national with admission to eligible course in India/abroad; parent/guardian co-borrower |
| Other terms published |
|
|
| Official source | bankofindia.co.in/education-loan/star-education-loan-studies-in-india | sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-rates/education-loan-scheme sbi.bank.in/web/personal-banking/loans/education-loans/student-loan-scheme sbi.bank.in/web/personal-banking/loans/education-loans/scholar-loan-scheme |
Read the full guide: Education loan
Bank of India vs SBI vehicle loans
Vehicle loan terms as these loan providers publish them.
| Detail | Bank of India | SBI |
|---|---|---|
| Car loan: published rate | Not published | 8.40% - 9.35% |
| Car loan: maximum tenure | Not published | 7 years |
| Car loan: processing fee | Not published | Rs 1,000-3,000 + GST (salaried) / Rs 1,500-4,000 + GST (non-salaried), slab by loan amount |
| Two-wheeler loan: published rate | Not published | 11.70% - 15.70% |
| Two-wheeler loan: maximum tenure | Not published | Up to 60 months |
| Two-wheeler loan: processing fee | Not published | 3% of loan + GST (50% waiver for salary package customers) |
Which is better: Bank of India or SBI?
No loan provider is best for everyone. This is how the published figures split, product by product.
- Personal loan, lower starting rate: SBI (10%) versus 10.85% at Bank of India.
- Home loan, lower starting rate: SBI (7.25%) versus 8.40% at Bank of India.
- Gold loan, lower starting rate: Bank of India (8.80%) versus 9.15% at SBI.
Pick on total cost, not the headline rate: ask each loan provider for the Key Fact Statement and compare the APR and total repayable amount. A low rate with a high processing fee can cost more than a slightly higher rate with no fee. If you already bank with one of them, a salary or relationship account can change the rate you are offered, so ask.
Bank type and how each loan provider sets its rate
Bank of India and SBI are public sector banks.
How the loan providers' own pages say their rates are set:
- Bank of India personal loan: daily reducing balance; linked to CIBIL personal score.
- Bank of India home loan: daily reducing balance; linked to CIBIL personal score.
- SBI personal loan: 2-year MCLR (8.75%) + spread 1.25% to 6.25%.
- SBI home loan: Floating, linked to Repo Rate via EBLR; interest on daily reducing balance.
Public sector banks, private banks and non-banking finance companies (NBFCs) price differently. Banks usually link floating rates to the RBI repo rate or their own benchmark and add a spread based on your credit score; NBFCs more often quote a wider range with a higher ceiling and charge higher processing fees. Some publish a range, some only a starting rate and some only a ceiling, which is why this page compares like with like and marks every gap as not published instead of guessing.
About Bank of India and SBI
Bank of India
Public sector bank
We found terms for personal loan, home loan, business loan, gold loan and education loan on Bank of India's website. Where a rate is missing, the tables on this page say Not published.
Lowest published starting rate on this page: 8.40% (Home loan)
SBI
Public sector bank · State Bank of India
We found terms for personal loan, home loan, loan against property, business loan, gold loan and education loan on SBI's website. Where a rate is missing, the tables on this page say Not published.
Lowest published starting rate on this page: 7.25% (Home loan)
Explore each loan provider: loans, calculators and more comparisons
Bank of India
More comparisons
Guides: Personal loans · Home loans · Car loan · Car loan EMI calculator · EMI calculators
What to check before you choose a loan provider
- Ask for the Key Fact Statement (KFS). RBI requires loan providers to give you one before you sign, showing the interest rate, all fees, the APR and the total amount you will repay.
- Compare APR, not the headline rate. Processing fee, documentation charges and insurance change the real cost.
- Check the rate basis. A floating rate moves with the loan provider's benchmark; a fixed rate does not. Ask when the rate resets.
- Ask about prepayment and foreclosure. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
- Read the eligibility and documents. Income, credit score, employment type and collateral decide the rate band you land in.
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, method and last check
Every figure above comes from the loan provider's own website. We checked them on 12 October 2026 (vehicle loan figures on 4 October 2026) and list the pages used.
- Bank of India: bankofindia.co.in/personal-loan/star-personal-loan · bankofindia.co.in/home-loan/star-home-loan · bankofindia.co.in/financing-existing-business/star-laghu-udyami-samekit-loan · bankofindia.co.in/gold-loan · bankofindia.co.in/education-loan/star-education-loan-studies-in-india
- SBI: sbi.bank.in/web/personal-banking/loans/personal-loans/sbi-personal-loan · sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-rates/personal-loans-schemes · 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 · homeloans.sbi.bank.in/products/view/loan-against-property
| Loan provider | Official pages opened | Loan types with a published rate | Loan types where rate is not published | Last checked |
|---|---|---|---|---|
| Bank of India | 5 | 3 | 5 | 12 October 2026 |
| SBI | 17 | 6 | 2 | 12 October 2026 |
A "not published" count means we opened the loan provider's page for that product and the rate was not shown there, or the loan provider has no such page on its site. If you spot an error, tell us and we will correct it.
Method: we list only figures we could read on the loan provider's official pages. A blank means the loan provider does not publish that figure on the page we checked, and we never estimate one. Rankings use the published starting rate and published maximum tenure only. Read our editorial policy, how we make money and tell us about an error.
More loan provider comparisons
Bank of India compared with other loan providers (9)
SBI compared with other loan providers (15)
Add a third loan provider to Bank of India vs SBI (2)
Compare any two or three loan providers · Personal loans · Home loans · Vehicle loans
Frequently asked questions
Which is better: Bank of India or SBI?
SBI advertises the lower starting personal loan rate here, 10%, compared with 10.85% at Bank of India. For a home loan, SBI starts lower (7.25%) versus 8.40% at Bank of India. The page also compares gold loans. A starting rate is the best case, not a typical offer, so confirm the annual percentage rate (APR) and total repayable amount in each loan provider's Key Fact Statement. Figures are as published on the loan providers' own websites and checked 12 October 2026. The better choice depends on your profile, the loan type, the amount and the fees in your offer letter.
SBI or Bank of India: which should I pick for a loan?
Order does not change the comparison, so Bank of India vs SBI and SBI vs Bank of India are the same page. Start with the loan type you need: the sections above show each loan provider's published rate, fees, tenure and prepayment terms for it, and the lower starting rate is not always the lower total cost.
Which has the lower personal loan interest rate: Bank of India or SBI?
SBI has the lower published starting rate. Published starting rates: Bank of India 10.85% and SBI 10% (checked 12 October 2026). Your actual rate depends on your credit profile and the loan provider's approval.
What is the personal loan processing fee at Bank of India and SBI?
Bank of India: 2.00% of loan amount for individuals, min Rs. 1,000, max Rs. 10,000. SBI: Up to 1.50% of loan amount (min Rs 1,000, max Rs 15,000) + GST; waivers for some customers. Fees can change and GST is usually extra, so check the Key Fact Statement.
Which has the lower home loan interest rate: Bank of India or SBI?
SBI has the lower published starting rate. Published starting rates: Bank of India 8.40% and SBI 7.25% (checked 12 October 2026). Your actual rate depends on your credit profile and the loan provider's approval.
What is the home loan processing fee at Bank of India and SBI?
Bank of India: Individuals: 0.25% of loan amount, min Rs. 1,500, max Rs. 20,000; non-individuals 0.50%, min Rs. 3,000, max Rs. 40,000. SBI: 0.35% of loan amount + GST, min Rs 2,000 max Rs 10,000 (FAQ page). Fees can change and GST is usually extra, so check the Key Fact Statement.
What is the maximum home loan tenure at Bank of India and SBI?
Bank of India: 360 months. SBI: up to 30 years; repayment to be completed by age 70.
How much personal loan can I get from Bank of India and SBI?
Bank of India: Up to Rs. 25.00 lakhs. SBI: Rs 1 lakh to Rs 50 lakh (subject to EMI/NMI up to 65% and 30 times NMI, whichever is lower). The loan provider decides the final amount from your income, credit score and existing obligations.
What is the EMI on a ₹5 lakh personal loan at Bank of India and SBI?
Over 5 years at each loan provider's lowest published rate: Bank of India about ₹10,834 a month at 10.85%; SBI about ₹10,624 a month at 10%. An illustration that leaves out fees, GST and insurance; your offered rate may be higher.
What is the EMI on a ₹50 lakh home loan at Bank of India and SBI?
Over 20 years at each loan provider's lowest published rate: Bank of India about ₹43,075 a month at 8.40%; SBI about ₹39,519 a month at 7.25%. An illustration that leaves out fees, GST and insurance; your offered rate may be higher.
Can I prepay or foreclose a home loan early at Bank of India and SBI?
Bank of India: No prepayment penalty. SBI: Prepayment allowed without penalty. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
Which loans do Bank of India and SBI publish rates for?
Bank of India: personal loan, home loan, gold loan. SBI: personal loan, home loan, gold loan, education loan. Based on each loan provider's own website, checked 12 October 2026.
Are Bank of India and SBI regulated by the RBI?
Bank of India and SBI are banks regulated by the Reserve Bank of India (RBI). Check a loan provider's registration on the RBI website before you apply, and apply only through its official channels.
How do I compare Bank of India and SBI on real cost, not just the rate?
Ask each loan provider for its Key Fact Statement, then compare three numbers: the APR, the total amount you repay and the fees charged upfront, such as processing fee, documentation charge and insurance. The loan with the lower APR and the lower total repayment is the cheaper one, even when its headline rate looks higher.
Does my credit score change the rate at Bank of India and SBI?
Yes. Loan providers keep their lowest published rate for borrowers with a strong credit score, usually 750 and above, and steady income. A lower score or a short work history usually means a higher rate, a higher processing fee or a smaller loan amount.
Are the rates on this page the rate I will get?
No. They are the rates the loan providers publish, usually a range or a starting rate. Your approved rate depends on your credit score, income, loan amount, tenure and, for secured loans, the asset. Always read the Key Fact Statement before you sign.
Does KhatuLoans lend money or charge for this comparison?
KhatuLoans is not a loan provider. The loan provider decides approval, rate and terms. Our comparisons are free to read, and we are not paid by the loan providers named here to rank them. See how we make money on our advertiser disclosure page.
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.