SBI vs Axis home loan
At typical rates SBI (7.75%) is 0.75 points cheaper than Axis (8.5%): about ₹ 2,344 less a month on ₹ 50 Lakhs over 20 years, and ₹ 5.62 Lakhs less interest. Rate bands checked against both lenders' public cards on 10 Oct 2026 and 11 Oct 2026.
What you'll learn:
- SBI and Axis home loan rates side by side
- What the gap costs on your loan
- Complaints and borrower reports
Compare Offers
Enter both offers to compare.
SBI or Axis home loan: which is better?
SBI is cheaper on both rate and fees for most borrowers. Its regular home loan runs 7.25% to 8.55%; Axis prices at repo plus 2.75% to 3.85%, or 8% to 9.1%. The fee gap is bigger still: Axis charges 1% with a ₹10,000 minimum, which is ₹50,000 on a ₹50 lakh loan, against SBI's ₹15,000 cap.
Neither card had moved for October's repo hike when we checked. Axis resets repo-linked loans once a quarter, on the 25th of the quarter's last month, so its borrowers feel the hike in late December.
Before choosing Axis, look at what borrowers report. Consumer commissions have found against it over disbursal delays, and borrowers dispute the pre-EMI and broken-period interest charged before the first full EMI. Ask how both are handled before you sign.
Pick SBI if
- you are comparing on total cost: SBI's fee is a fraction of Axis's
- your credit score is good but not top-tier
Pick Axis if
- you bank with Axis and it offers to waive or cut the fee
- your CIBIL score is above 750, where Axis prices at its lower table
SBI vs Axis home loan comparison
The compare loan offers calculator above opens with each lender's typical home loan rate on ₹ 50 Lakhs over 20 years. Add the processing fee from each quote to compare total cost, not just EMI, then model your own loan on the home loan EMI calculator.
| Measure | SBI | Axis |
|---|---|---|
| Rate band | 7.25% to 8.55% | 8% to 9.1% |
| Starting rate | 7.25% | 8% |
| Typical rate we model | 7.75% | 8.5% |
| EMI at starting rate (₹ 50 Lakhs, 20 yrs) | ₹ 39,519 | ₹ 41,822 |
| EMI at typical rate | ₹ 41,047 | ₹ 43,391 |
| EMI at top of band | ₹ 43,550 | ₹ 45,308 |
| Total interest at typical rate | ₹ 48.5 Lakhs | ₹ 54.1 Lakhs |
| Processing fee on ₹ 50 Lakhs | ₹ 15,000 | ₹ 50,000 |
| Interest + fee, full term | ₹ 48.7 Lakhs | ₹ 54.6 Lakhs |
| Longest tenure | 30 years | 30 years |
| Prepayment charge | No prepayment penalty | Nil on floating; 2% on fixed |
| October 2026 repo hike in the card | Not yet | Not yet |
| Card checked | 11 Oct 2026 | 10 Oct 2026 |
SBI: Regular term loan by CIBIL score (EBLR 7.90%); Maxgain and top-up price higher. Axis: Salaried and self-employed: repo + 2.75% to 3.85% by CIBIL score. Fees are before 18% GST and come from each lender's fee page, checked 11 Oct 2026; SBI charges 0.35%, min ₹5,000, max ₹15,000 (salaried); Axis charges 1% or ₹10,000, whichever is higher. The calculator opens with both fees filled in.
After the October 2026 repo hike
Neither card had moved for RBI's 0.25% repo hike of 7 October 2026 when we checked. Expect both to rise by about that much, which leaves the gap between them roughly where it is. Stress the EMI at +0.5% before you lock a tenure.
What the gap costs at different loan amounts
Typical rates (SBI 7.75%, Axis 8.5%). 20 years, reducing balance.
| Loan | SBI EMI | Axis EMI | Monthly gap | Interest gap, full term |
|---|---|---|---|---|
| ₹ 30 Lakhs | ₹ 24,628 | ₹ 26,035 | ₹ 1,406 | ₹ 3.37 Lakhs |
| ₹ 50 Lakhs | ₹ 41,047 | ₹ 43,391 | ₹ 2,344 | ₹ 5.62 Lakhs |
| ₹ 75 Lakhs | ₹ 61,571 | ₹ 65,087 | ₹ 3,516 | ₹ 8.44 Lakhs |
| ₹ 1 Cr | ₹ 82,095 | ₹ 86,782 | ₹ 4,687 | ₹ 11.2 Lakhs |
Complaints record
SBI's complaints fell 26% in 2025-26 to 21,09,520, but those about loans rose 68% to 26,102. Axis's complaints fell 13% in 2025-26 to 5,14,897, but those about loans rose 15% to 39,996.
| FY 2025-26 | SBI | Axis |
|---|---|---|
| Complaints received | 21,09,520 (-26%) | 5,14,897 (-13%) |
| Escalated to the RBI Ombudsman | 24,356 (-11%) | 16,808 (+16%) |
| About loans and advances | 26,102 (+68%) | 39,996 (+15%) |
Bigger lenders log more because they have more customers, so read the trend, not the raw count. Axis leaves out complaints redressed within one working day. Read the trend and the ombudsman share rather than ranking banks on the raw count. Sources: SBI Annual Report 2025-26, pp. 264–265 (Schedule 18, note 18.11); Axis Bank financial statements 2025-26, pp. 413–414 (note 1.12).
What borrowers report
| Lender | App | Google Play rating |
|---|---|---|
| SBI | YONO SBI | 4.2★ from 30.7 lakh ratings |
| Axis | Axis Mobile | 4.8★ from 35.4 lakh ratings |
Ratings read on 11 Oct 2026.
SBI: recurring themes
- Complaint: Slow home-loan processing: borrowers describe gaps between sanction and disbursal, and being passed between the branch and SBI's loan processing centre (RACPC). (Moneylife, ConsumerComplaints.in)
Axis: recurring themes
- Complaint: Disbursal delays after sanction, and little communication while borrowers wait. (LiveLaw (Chandigarh commission), ConsumerComplaints.in)
- Complaint: Disputes over pre-EMI and broken-period interest charged before the first full EMI. (Jagoinvestor forum, Voxya)
Themes are listed only when two independent sources (court rulings, news or complaint forums) agree; treat them as things to check, not a verdict.
What to ask before you sign
- Axis: the fee in rupees, and whether any part is waived
- Axis: how pre-EMI and broken-period interest are charged before your first full EMI
- SBI: the disbursal time at your processing centre
Then put both written quotes, with their fees, into the calculator at the top of this page, and try a prepayment on the home loan EMI calculator to see how the gap changes if you pay early.
More on each lender: the SBI EMI calculator and the Axis EMI calculator, each with its full rate card by loan type. Every lender's home loan rate and fee is on the home loan interest rates page.
Other comparisons
- SBI vs HDFC home loan
- SBI vs LIC Housing Finance home loan
- SBI vs ICICI home loan
- SBI vs Bank of Baroda home loan
Sources
The lender pages behind the rate bands, and RBI's disclosure rules. This site does not update rates in real time; check the effective date on each card.
- SBI Home Loans Interest Rates (Current)Official home-loan card, starting band, and effective-date notes.
- SBI Personal Loan scheme interest ratesMCLR-linked personal-loan spreads and effective rate bands.
- SBI auto loan interest ratesCar loan rates by CIBIL score and tenure.
- SBI education loan interest ratesStudent Loan Scheme, Scholar, and Global Ed-Vantage rates.
- SBI home loan fees and chargesProcessing fee, tenure and prepayment terms used in the table above.
- Axis Bank home loan interest ratesRepo-linked home-loan rates by CIBIL score for salaried and self-employed borrowers.
- Axis Bank car loan interest ratesNew-car rate range by tenure.
- Axis Bank personal loan interest ratesPersonal loan MCLR spread and effective rate range.
- Axis Bank education loan interest ratesRepo-linked education loan rates by loan size.
- Axis home loan fees and chargesProcessing fee, tenure and prepayment terms used in the table above.
- RBI notifications indexKey Facts Statement and retail-lending disclosure rules for rate, fees, and EMI.
- RBI (Pre-payment Charges on Loans) Directions, 2025When regulated lenders may not levy pre-payment charges on floating-rate individual loans for non-business purposes.
Last updated on 11 Oct 2026.