Key facts: HDFC Bank vs SBI vs Union Bank of India home loan
- Starting rate: HDFC Bank 8%, SBI 7.25%, Union Bank of India 8.60%. This is the lowest rate each loan provider advertises for a home loan, not the rate everyone is offered.
- Gap between starting rates: 1.35 percentage points between the lowest and the highest.
- Top of the published range: HDFC Bank up to 13.45%.
- Maximum tenure: HDFC Bank 30 years, SBI 30 years. Union Bank of India does not state one in months or years.
- Type of loan provider: HDFC Bank is a private bank; SBI is a public sector bank; Union Bank of India is a public sector bank. Banks and NBFCs price floating rates differently.
- Official websites: hdfc.bank.in, sbi.bank.in, unionbankofindia.bank.in.
- Pages checked: 7 official pages opened for this loan type.
- Loan types with a published rate: HDFC Bank 4, SBI 6, Union Bank of India 3 (out of 8 we track).
- EMI on ₹50 lakh over 20 years: HDFC Bank ₹41,822, SBI ₹39,519, Union Bank of India ₹43,708 a month, at each starting rate.
- Total interest on the same loan: HDFC Bank ₹50,37,281, SBI ₹44,84,512, Union Bank of India ₹54,89,953.
- 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 HDFC Bank if you want
- The most complete published terms for this loan (5 of 5 details)
Pick SBI if you want
- The lowest published starting rate (7.25%)
Where Union Bank of India stands
No clear edge on the published figures we could compare for a home loan. Check the table below and the Key Fact Statement.
HDFC Bank vs SBI vs Union Bank of India home loan: rate, fees and tenure
Starting home loan rates as published: HDFC Bank from 8%, SBI from 7.25% and Union Bank of India from 8.60%. SBI is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered.
| Detail | HDFC Bank | SBI | Union Bank of India |
|---|---|---|---|
| Published rate | 8% to 13.45% p.a. | 7.25% p.a. onwards (T&C apply), w.e.f. 01.04.2026 | Starts at 8.60% p.a.; EBLR - 0.85% (CIC 825+) to EBLR + 1.35% (CIC 600-649) per rate PDF w.e.f. 08.10.2026 |
| Rate basis | Policy Repo Rate + 2.50% to 7.95% | Floating, linked to Repo Rate via EBLR; interest on daily reducing balance | EBLR (repo-linked); fixed option max 5 years at 11.40% to 12.65% |
| Loan amount | Rs 1 Lakh (EMI calculator lower bound) to Rs 10 Crore | Not published | Not published |
| Maximum tenure | Up to 30 years or till retirement age, whichever is lower | Up to 30 years; repayment to be completed by age 70 | Not published |
| Processing fee | Salaried/self-employed professionals: up to 0.50% of loan or Rs 4,000 whichever is higher + taxes | 0.35% of loan amount + GST, min Rs 2,000 max Rs 10,000 (FAQ page) | Not published |
| Prepayment / foreclosure | Floating-rate: nil (except business-purpose loans); fixed-rate: 2% + taxes unless prepaid from own sources | Prepayment allowed without penalty | None; no prepayment penalty on Union Home Loan |
| Eligibility (as published) | Salaried or self-employed resident Indian; min income Rs 25,000/month (salaried), Rs 3 lakh/year (self-employed) | Resident of India or NRI; min age 18; EMI/NMI ratio 20% to 70% by income slab | Based on income, repayment capacity, age, margin, credit bureau record |
| Other terms published |
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| Official source | homeloans.hdfc.bank.in/housing-loans/home-loans | 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 | unionbankofindia.bank.in/en/details/home-loan-interest-rate unionbankofindia.bank.in/en/details/home-loan unionbankofindia.bank.in/pdf/retail_roi.pdf |
EMI illustration: ₹50 lakh over 20 years
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| HDFC Bank | 8% | ₹41,822 | ₹50,37,281 | ₹1,00,37,281 |
| SBI | 7.25% | ₹39,519 | ₹44,84,512 | ₹94,84,512 |
| Union Bank of India | 8.60% | ₹43,708 | ₹54,89,953 | ₹1,04,89,953 |
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
HDFC Bank vs SBI vs Union Bank of India 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 | HDFC Bank (8%) | SBI (7.25%) | Union Bank of India (8.60%) |
|---|---|---|---|
| ₹25 lakh | ₹20,911 | ₹19,759 | ₹21,854 |
| ₹50 lakh | ₹41,822 | ₹39,519 | ₹43,708 |
| ₹75 lakh | ₹62,733 | ₹59,278 | ₹65,562 |
| ₹1 crore | ₹83,644 | ₹79,038 | ₹87,416 |
By tenure, on ₹50 lakh
| Tenure | HDFC Bank (8%) | SBI (7.25%) | Union Bank of India (8.60%) |
|---|---|---|---|
| 10 years | ₹60,664 interest ₹22,79,656 | ₹58,701 interest ₹20,44,062 | ₹62,261 interest ₹24,71,269 |
| 15 years | ₹47,783 interest ₹36,00,869 | ₹45,643 interest ₹32,15,766 | ₹49,531 interest ₹39,15,491 |
| 20 years | ₹41,822 interest ₹50,37,281 | ₹39,519 interest ₹44,84,512 | ₹43,708 interest ₹54,89,953 |
| 25 years | ₹38,591 interest ₹65,77,243 | ₹36,140 interest ₹58,42,103 | ₹40,599 interest ₹71,79,657 |
| 30 years | ₹36,688 interest ₹82,07,762 | ₹34,109 interest ₹72,79,173 | ₹38,801 interest ₹89,68,211 |
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
HDFC Bank
Private bank · HDFC Bank Limited
- How the rate is set: Policy Repo Rate + 2.50% to 7.95%
- Eligibility as published: Salaried or self-employed resident Indian; min income Rs 25,000/month (salaried), Rs 3 lakh/year (self-employed)
- End-to-end digital process, approval in four steps
- Step Up Repayment and Flexible Loan Installments Plan
- Minimal documentation
- 24x7 assistance via chat and WhatsApp
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
Union Bank of India
Public sector bank · Union Bank of India
- How the rate is set: EBLR (repo-linked); fixed option max 5 years at 11.40% to 12.65%
- Eligibility as published: Based on income, repayment capacity, age, margin, credit bureau record
- Instant in-principle approval
- Sanction about 5 working days after documents
- Takeover from other banks/FIs
- Property insurance mandatory
Before you apply for a home loan
- Fees beyond the rate: Processing fee, legal and technical valuation charges and any administrative charge add to the cost. Ask for the full list in writing.
- 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.
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.
- HDFC Bank: homeloans.hdfc.bank.in/housing-loans/home-loans
- 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
- Union Bank of India: unionbankofindia.bank.in/en/details/home-loan-interest-rate unionbankofindia.bank.in/en/details/home-loan unionbankofindia.bank.in/pdf/retail_roi.pdf
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More home loan comparisons
HDFC Bank vs SBI vs Union Bank of India: every loan type on one page · All home loan comparisons · Home loan guide · Home loan EMI calculator
Head to head, two at a time
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Frequently asked questions
Which is better for a home loan: HDFC Bank, SBI or Union Bank of India?
SBI has the lowest published starting home loan rate at 7.25%, against 8% at HDFC Bank and 8.60% at Union Bank of India. On ₹50 lakh over 20 years the difference in total interest is ₹10,05,441. 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: HDFC Bank, SBI or Union Bank of India?
SBI has the lowest published starting home loan rate at 7.25%, against 8% at HDFC Bank and 8.60% at Union Bank of India. The published ranges run to HDFC Bank up to 13.45%, so the rate you are offered can sit well above the starting rate.
What is the home loan processing fee at HDFC Bank, SBI and Union Bank of India?
HDFC Bank: Salaried/self-employed professionals: up to 0.50% of loan or Rs 4,000 whichever is higher + taxes. SBI: 0.35% of loan amount + GST, min Rs 2,000 max Rs 10,000 (FAQ page). Union Bank of India: not published. Fees can change, so confirm the amount in rupees, with GST, before you accept.
What is the maximum home loan tenure at HDFC Bank, SBI and Union Bank of India?
HDFC Bank: Up to 30 years or till retirement age, whichever is lower. SBI: Up to 30 years; repayment to be completed by age 70. Union Bank of India: not published. A longer tenure lowers the EMI and raises the total interest.
Can I prepay or foreclose a home loan early at HDFC Bank, SBI and Union Bank of India?
HDFC Bank: Floating-rate: nil (except business-purpose loans); fixed-rate: 2% + taxes unless prepaid from own sources. SBI: Prepayment allowed without penalty. Union Bank of India: None; no prepayment penalty on Union Home Loan. 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 HDFC Bank, SBI and Union Bank of India?
Over 20 years at each loan provider's lowest published rate the monthly EMI is ₹41,822 at HDFC Bank, ₹39,519 at SBI and ₹43,708 at Union Bank of India. This leaves out processing fees, GST and insurance, and your approved rate may be higher.
Who is eligible for a home loan at HDFC Bank, SBI and Union Bank of India?
HDFC Bank: Salaried or self-employed resident Indian; min income Rs 25,000/month (salaried), Rs 3 lakh/year (self-employed). SBI: Resident of India or NRI; min age 18; EMI/NMI ratio 20% to 70% by income slab. Union Bank of India: Based on income, repayment capacity, age, margin, credit bureau record. Each loan provider can ask for more documents once you apply.
Are HDFC Bank, SBI and Union Bank of India regulated by the RBI?
Yes. HDFC Bank is a private bank, SBI is a public sector bank, Union Bank of India 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 HDFC Bank, SBI and Union Bank of India, 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.