Key takeaways: ICICI Bank vs SBI
- On a personal loan, ICICI Bank has the lower published starting rate at 9.99%, against 10% at SBI.
- For a home loan, SBI starts lower (7.25%) versus 8.50% at ICICI Bank.
- On a gold loan, ICICI Bank has the lower published starting rate at 8.55%, against 9.15% at SBI.
- All of them publish a numeric starting rate for: personal loan, home loan, gold loan, education loan, car loan and two-wheeler loan. That is the part of this page you can rank like for like.
- A starting rate is the best case. Ask each lender for its Key Fact Statement and compare the APR and total repayable amount before you choose.
Quick verdict: who each lender suits
Built only from figures the lenders publish. It says where each lender is ahead on paper, not who will approve you.
Pick ICICI Bank if you want
- The lower published starting personal loan rate (9.99%)
- The lower published starting gold loan rate (8.55%)
- The lower published starting education loan rate (8.50%)
- The lower published starting two-wheeler loan rate (10.25%)
Pick SBI if you want
- The lower published starting home loan rate (7.25%)
ICICI Bank vs SBI at a glance
| Detail | ICICI Bank | SBI |
|---|---|---|
| Lender type | Private bank | Public sector bank |
| Legal name | ICICI Bank Limited | State Bank of India |
| Loan types with a published rate | Personal loan, Home loan, Gold loan, Education loan, Car loan, Two-wheeler loan | Personal loan, Home loan, Gold loan, Education loan, Car loan, Two-wheeler loan |
| Personal loan: published rate | Starts at 9.99% p.a. | Starting from 10.00% p.a. (T&C apply); scheme range 10.00% to 15.00% |
| Personal loan: maximum tenure | 84 months (min 12 months) | 84 months |
| Home loan: published rate | Starts from 8.50% p.a. | 7.25% p.a. onwards (T&C apply), w.e.f. 01.04.2026 |
| Home loan: maximum tenure | Up to 30 years based on eligibility | Up to 30 years; repayment to be completed by age 70 |
| Official website | icici.bank.in | sbi.bank.in |
Searching for SBI vs ICICI Bank instead? It is the same comparison, so both open this page.
ICICI Bank vs SBI personal loan: rate, fees and tenure
Starting personal loan rates as published: ICICI Bank from 9.99% and SBI from 10%. ICICI Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered.
| Detail | ICICI Bank | SBI |
|---|---|---|
| Published rate | Starts at 9.99% p.a. | Starting from 10.00% p.a. (T&C apply); scheme range 10.00% to 15.00% |
| Rate basis | fixed; varies by loan amount, profile, employment type, relationship | 2-year MCLR (8.75%) + spread 1.25% to 6.25% |
| Loan amount | Rs 50,000 to Rs 50,00,000 | 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 (min 12 months) | 84 months |
| Processing fee | Up to 2% of loan amount + applicable taxes | Up to 1.50% of loan amount (min Rs 1,000, max Rs 15,000) + GST; waivers for some customers |
| Prepayment / foreclosure | Foreclosure allowed after 1 EMI; no foreclosure charges after 24 EMIs, charges may apply before per service charges | 2% of prepaid amount; waivers for some categories |
| Eligibility (as published) | Salaried age 18-58 (FAQ: 20-58), min income Rs 30,000/month; self-employed 23+; CIBIL 750+ preferred | 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 | icici.bank.in/personal-banking/loans/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
| Lender | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| ICICI Bank | 9.99% | ₹10,621 | ₹1,37,264 | ₹6,37,264 |
| SBI | 10% | ₹10,624 | ₹1,37,411 | ₹6,37,411 |
Illustration only, at each lender'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
ICICI Bank vs SBI home loan: rate, fees and tenure
Starting home loan rates as published: ICICI Bank from 8.50% 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 | ICICI Bank | SBI |
|---|---|---|
| Published rate | Starts from 8.50% p.a. | 7.25% p.a. onwards (T&C apply), w.e.f. 01.04.2026 |
| Rate basis | floating (tied to RBI repo rate) or fixed; varies by profile | Floating, linked to Repo Rate via EBLR; interest on daily reducing balance |
| Loan amount | Up to Rs 10 crore (og description says Rs 5 crore) | Not published |
| Maximum tenure | Up to 30 years based on eligibility | Up to 30 years; repayment to be completed by age 70 |
| Processing fee | Up to 2% of loan amount + applicable taxes | 0.35% of loan amount + GST, min Rs 2,000 max Rs 10,000 (FAQ page) |
| Prepayment / foreclosure | Nil for floating-rate home loans; fixed-rate not stated | Prepayment allowed without penalty |
| Eligibility (as published) | Age 20-65 salaried, 21-70 self-employed; credit score 700+ (FAQ: ideally 750+); residents and NRIs | Resident of India or NRI; min age 18; EMI/NMI ratio 20% to 70% by income slab |
| Other terms published |
|
|
| Official source | icici.bank.in/personal-banking/loans/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
| Lender | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| ICICI Bank | 8.50% | ₹43,391 | ₹54,13,879 | ₹1,04,13,879 |
| SBI | 7.25% | ₹39,519 | ₹44,84,512 | ₹94,84,512 |
Illustration only, at each lender'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
ICICI Bank vs SBI loan against property: rate, fees and tenure
None of these lenders publishes a plain starting rate for a loan against property; some tie the rate to a benchmark and add a spread, which is shown in the table as published. ICICI Bank and SBI do not publish a numeric starting rate for this product on their site.
| Detail | ICICI Bank | SBI |
|---|---|---|
| Rate basis | Not published | Interest on daily reducing balance (rate not stated on fetched pages) |
| Loan amount | Up to 75% of property market value may be availed (LTV, per FAQ) | Not published |
| Maximum tenure | Up to 15 years | Up to 15 years (P-LAP) |
| Processing fee | Not published | P-LAP page: 1% of loan amount + tax, capped at Rs 50,000. Fee page: Loan against Mortgage of Immovable Property 1.01% of loan… |
| Prepayment / foreclosure | Nil foreclosure charges for SMEs; others per service charges page | No prepayment penalty |
| Eligibility (as published) | Age 20-65 salaried, 21-70 self-employed; credit score 700+; residents and NRIs | Resident Indian, age 18 to 70 |
| Other terms published |
|
|
| Official source | icici.bank.in/personal-banking/loans/home-loan/loan-against-property | homeloans.sbi.bank.in/products/view/loan-against-property sbi.bank.in/web/interest-rates/interest-rates/processing-fees |
Read the full guide: Loan against property
ICICI Bank vs SBI gold loan: rate, fees and tenure
Starting gold loan rates as published: ICICI Bank from 8.55% and SBI from 9.15%. ICICI Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered.
| Detail | ICICI Bank | SBI |
|---|---|---|
| Published rate | Ranges from 8.55% to 16.50% (Q4 Jan-Mar 2026 per page; FAQ min 8.75%, meta description 'starting at 9.25%') | 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 | Not published | 1-year MCLR (8.70%) + spread 0.45% (bullet) / 1.40% (EMI, OD) |
| Loan amount | Up to Rs 3 crore (meta description says Rs 2 Cr) | 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 | Up to 2% of loan amount + applicable taxes | Features table: 0.25%-0.30% + GST with minimums (Rs 250 to Rs 7,500) |
| Prepayment / foreclosure | Not published | No prepayment penalty; no foreclosure charges |
| Eligibility (as published) | Indian citizens aged 18-85 | Age 18+ with steady income; individuals singly or jointly |
| Other terms published |
|
|
| Official source | icici.bank.in/personal-banking/loans/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
ICICI Bank vs SBI education loan: rate, fees and tenure
Starting education loan rates as published: ICICI Bank from 8.50% and SBI from 9.40%. ICICI Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered.
| Detail | ICICI Bank | SBI |
|---|---|---|
| Published rate | Starts at 8.50% p.a. up to 10.25% p.a. (indicative) | 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 | varies by secured/unsecured, course type and institute category | Floating, linked to External Benchmark Rate (EBR 7.90% = Repo 5.25% + 2.65%) |
| Loan amount | Up to Rs 3 crore | Student Loan: India up to Rs 50 lakh / Rs 75 lakh (medical, NIRF top-100), abroad up to Rs 7.50 lakh |
| Maximum tenure | Up to 15 years | Up to 15 years after course period + 12-month repayment holiday |
| Processing fee | Not published | Student Loan: nil up to Rs 10 lakh; Rs 5,000 + GST for Rs 10-20 lakh |
| Prepayment / foreclosure | No foreclosure charges | Not published |
| Eligibility (as published) | Indian national; age 16-65 at maturity; 10+2 or diploma; confirmed admission to listed institute; good academic record | Indian national with admission to eligible course in India/abroad; parent/guardian co-borrower |
| Other terms published |
|
|
| Official source | icici.bank.in/personal-banking/loans/education-loan | 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
ICICI Bank vs SBI vehicle loans
ICICI Bank and SBI publish the same starting car loan rate of 8.40%. On a two-wheeler loan, ICICI Bank has the lower published starting rate at 10.25%, against 11.70% at SBI.
| Detail | ICICI Bank | SBI |
|---|---|---|
| Car loan: published rate | From 8.40% | 8.40% - 9.35% |
| Car loan: maximum tenure | Up to 84 months | 7 years |
| Car loan: processing fee | Up to Rs 8,500 + GST | Rs 1,000-3,000 + GST (salaried) / Rs 1,500-4,000 + GST (non-salaried), slab by loan amount |
| Two-wheeler loan: published rate | 10.25% - 26.10% | 11.70% - 15.70% |
| Two-wheeler loan: maximum tenure | Up to 36 months | Up to 60 months |
| Two-wheeler loan: processing fee | Up to 4% of loan amount | 3% of loan + GST (50% waiver for salary package customers) |
Full vehicle loan comparison for ICICI Bank vs SBI (all vehicle types, EMI tables and sources) · Vehicle loans guide
Which is better: ICICI Bank or SBI?
No lender is best for everyone. This is how the published figures split, product by product.
- Personal loan, lower starting rate: ICICI Bank (9.99%) versus 10% at SBI.
- Home loan, lower starting rate: SBI (7.25%) versus 8.50% at ICICI Bank.
- Gold loan, lower starting rate: ICICI Bank (8.55%) versus 9.15% at SBI.
- Education loan, lower starting rate: ICICI Bank (8.50%) versus 9.40% at SBI.
- Car loan: the lenders publish the same starting rate (8.40%).
- Two-wheeler loan, lower starting rate: ICICI Bank (10.25%) versus 11.70% at SBI.
Pick on total cost, not the headline rate: ask each lender 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 lender sets its rate
ICICI Bank is a private bank and SBI is a public sector bank.
How the lenders' own pages say their rates are set:
- ICICI Bank personal loan: fixed; varies by loan amount, profile, employment type, relationship.
- ICICI Bank home loan: floating (tied to RBI repo rate) or fixed; varies by profile.
- 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 range wider at the top 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 ICICI Bank and SBI
ICICI Bank
Private bank · ICICI Bank Limited
We found published terms for personal loan, home loan, loan against property, business loan, gold loan and education loan on ICICI Bank's website.
Lowest published starting rate on this page: 8.50% (Home loan)
SBI
Public sector bank · State Bank of India
We found published terms for personal loan, home loan, loan against property, business loan, gold loan and education loan on SBI's website.
Lowest published starting rate on this page: 7.25% (Home loan)
Explore each lender: loans, calculators and more comparisons
ICICI Bank
More comparisons
Guides: Personal loans · Home loans · Car loan · Car loan EMI calculator · EMI calculators
What to check before you choose a lender
- Ask for the Key Fact Statement (KFS). RBI requires lenders 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 lender'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.
Sources, method and last check
Every figure above comes from the lender's own website. We checked them on 12 October 2026 (vehicle loan figures on 4 October 2026) and list the pages used.
- ICICI Bank: icici.bank.in/personal-banking/loans/personal-loan · icici.bank.in/personal-banking/loans/home-loan · icici.bank.in/personal-banking/loans/home-loan/loan-against-property · icici.bank.in/business-banking/business-loans/schedule-of-charges · icici.bank.in/personal-banking/loans/gold-loan · icici.bank.in/personal-banking/loans/education-loan
- 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
| Lender | Official pages opened | Loan types with a published rate | Loan types where rate is not published | Last checked |
|---|---|---|---|---|
| ICICI Bank | 10 | 6 | 2 | 12 October 2026 |
| SBI | 17 | 6 | 2 | 12 October 2026 |
A "not published" count means we opened the lender's page for that product and the rate was not shown there, or the lender 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 lender's official pages. A blank means the lender 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.
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Add a third lender to ICICI Bank vs SBI (8)
Compare any two or three lenders · Personal loans · Home loans · Vehicle loans
Frequently asked questions
Which is better: ICICI Bank or SBI?
On a personal loan, ICICI Bank has the lower published starting rate at 9.99%, against 10% at SBI. For a home loan, SBI starts lower (7.25%) versus 8.50% at ICICI Bank. The page also compares gold loans, education loans, car loans and two-wheeler 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 lender's Key Fact Statement. Figures are as published on the lenders' 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 ICICI Bank: which should I pick for a loan?
Order does not change the comparison, so ICICI Bank vs SBI and SBI vs ICICI Bank are the same page. Start with the loan type you need: the sections above show each lender'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: ICICI Bank or SBI?
ICICI Bank has the lower published starting rate. Published starting rates: ICICI Bank 9.99% and SBI 10% (checked 12 October 2026). Your actual rate depends on your credit profile and the lender's approval.
What is the personal loan processing fee at ICICI Bank and SBI?
ICICI Bank: Up to 2% of loan amount + applicable taxes. 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: ICICI Bank or SBI?
SBI has the lower published starting rate. Published starting rates: ICICI Bank 8.50% and SBI 7.25% (checked 12 October 2026). Your actual rate depends on your credit profile and the lender's approval.
What is the home loan processing fee at ICICI Bank and SBI?
ICICI Bank: Up to 2% of loan amount + applicable taxes. 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 ICICI Bank and SBI?
ICICI Bank: up to 30 years based on eligibility. SBI: up to 30 years; repayment to be completed by age 70.
How much personal loan can I get from ICICI Bank and SBI?
ICICI Bank: Rs 50,000 to Rs 50,00,000. SBI: Rs 1 lakh to Rs 50 lakh (subject to EMI/NMI up to 65% and 30 times NMI, whichever is lower). The lender decides the final amount from your income, credit score and existing obligations.
What is the EMI on a ₹5 lakh personal loan at ICICI Bank and SBI?
Over 5 years at each lender's lowest published rate: ICICI Bank about ₹10,621 a month at 9.99%; 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 ICICI Bank and SBI?
Over 20 years at each lender's lowest published rate: ICICI Bank about ₹43,391 a month at 8.50%; 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 ICICI Bank and SBI?
ICICI Bank: Nil for floating-rate home loans; fixed-rate not stated. SBI: Prepayment allowed without penalty. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
Which loans do ICICI Bank and SBI publish rates for?
ICICI Bank: personal loan, home loan, gold loan, education loan. SBI: personal loan, home loan, gold loan, education loan. Based on each lender's own website, checked 12 October 2026.
Which is better for a car loan: ICICI Bank or SBI?
ICICI Bank and SBI publish the same starting car loan rate of 8.40%. See the full vehicle loan comparison for tenure, fees and EMI tables.
Are ICICI Bank and SBI regulated by the RBI?
ICICI Bank and SBI are banks regulated by the Reserve Bank of India (RBI). Check a lender's registration on the RBI website before you apply, and apply only through its official channels.
KhatuLoans is not a lender and is not paid by the lenders named here to rank them. Rates, fees and eligibility change; always confirm with the lender. Read our editorial policy and how we make money.