SBI vs ICICI home loan
At typical rates SBI (7.75%) is 1.25 points cheaper than ICICI (9%): about ₹ 3,939 less a month on ₹ 50 Lakhs over 20 years, and ₹ 9.45 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 ICICI 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 ICICI home loan: which is better?
This is one of the wider gaps between big lenders. SBI's regular home loan runs 7.25% to 8.55% by credit score. ICICI's standard slabs sit well above that, up to 10.05%, with a 7.55% rate reserved for customers it has pre-approved.
ICICI's card already includes October's repo hike; SBI's did not when we checked. Even after SBI resets, a borrower on ICICI's standard table is likely to pay noticeably more. That is unless ICICI has pre-approved them.
ICICI earns its place with structure rather than price. It offers fixed-rate periods of two to ten years, priced separately. SBI has no fixed-period home loan on its card.
Pick SBI if
- you are comparing on rate alone, from a standard application
- you want the lowest processing fee: SBI caps it at ₹15,000 for salaried borrowers
Pick ICICI if
- ICICI has pre-approved you at its lowest rate
- you want a fixed rate for a few years, which SBI does not offer
SBI vs ICICI 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 | ICICI |
|---|---|---|
| Rate band | 7.25% to 8.55% | 7.55% to 10.05% |
| Starting rate | 7.25% | 7.55% |
| Typical rate we model | 7.75% | 9% |
| EMI at starting rate (₹ 50 Lakhs, 20 yrs) | ₹ 39,519 | ₹ 40,433 |
| EMI at typical rate | ₹ 41,047 | ₹ 44,986 |
| EMI at top of band | ₹ 43,550 | ₹ 48,417 |
| Total interest at typical rate | ₹ 48.5 Lakhs | ₹ 58 Lakhs |
| Processing fee on ₹ 50 Lakhs | ₹ 15,000 | Up to ₹ 1,00,000 |
| Interest + fee, full term | ₹ 48.7 Lakhs | ₹ 59 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 | Yes |
| Card checked | 11 Oct 2026 | 10 Oct 2026 |
SBI: Regular term loan by CIBIL score (EBLR 7.90%); Maxgain and top-up price higher. ICICI: Pre-approved from 7.55%; standard slabs 8.75% to 10.05% by amount and profile. 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); ICICI charges up to 2%. Where a lender publishes only a ceiling ("up to"), the calculator opens with no fee on either side; enter the ones on your quotes.
After the October 2026 repo hike
RBI raised the repo rate from 5.25% to 5.50% on 7 October 2026. ICICI's card already carries the 0.25% rise; SBI's still did not on 11 Oct 2026, so today's gap flatters SBI. If it passes on the full hike, its typical rate becomes about 8.00% and SBI is cheaper by 1 points. Floating loans already running at either lender reset on the lender's own schedule, so existing borrowers feel it a few weeks apart.
What the gap costs at different loan amounts
Typical rates (SBI 7.75%, ICICI 9%). 20 years, reducing balance.
| Loan | SBI EMI | ICICI EMI | Monthly gap | Interest gap, full term |
|---|---|---|---|---|
| ₹ 30 Lakhs | ₹ 24,628 | ₹ 26,992 | ₹ 2,363 | ₹ 5.67 Lakhs |
| ₹ 50 Lakhs | ₹ 41,047 | ₹ 44,986 | ₹ 3,939 | ₹ 9.45 Lakhs |
| ₹ 75 Lakhs | ₹ 61,571 | ₹ 67,479 | ₹ 5,908 | ₹ 14.2 Lakhs |
| ₹ 1 Cr | ₹ 82,095 | ₹ 89,973 | ₹ 7,878 | ₹ 18.9 Lakhs |
Complaints record
SBI's complaints fell 26% in 2025-26 to 21,09,520, but those about loans rose 68% to 26,102. ICICI's complaints rose 5% in 2025-26 to 5,59,221, and those about loans rose 6% to 32,148.
| FY 2025-26 | SBI | ICICI |
|---|---|---|
| Complaints received | 21,09,520 (-26%) | 5,59,221 (+5%) |
| Escalated to the RBI Ombudsman | 24,356 (-11%) | 15,782 (+23%) |
| About loans and advances | 26,102 (+68%) | 32,148 (+6%) |
Bigger lenders log more because they have more customers, so read the trend, not the raw count. ICICI 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); ICICI Bank financial statements 2025-26, pp. 248–249 (Schedule 18, note 57).
What borrowers report
| Lender | App | Google Play rating |
|---|---|---|
| SBI | YONO SBI | 4.2★ from 30.7 lakh ratings |
| ICICI | iMobile | 4.6★ from 66.8 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)
ICICI: recurring themes
- Complaint: Original property documents returned late, or lost, after the loan is closed. Consumer commissions have ordered ICICI to pay compensation in such cases. (Moneylife (NCDRC ruling), LiveLaw (Bangalore commission))
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
- ICICI: is the quote the pre-approved rate or a standard slab, and for which loan amount
- ICICI: how original property documents are returned on closure
- SBI: your CIBIL band and 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 ICICI 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 Bank of Baroda home loan
- SBI vs PNB 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.
- ICICI Bank home loan interest ratesOfficial floating slab tables, fixed-rate tables, repo note, and validity dates.
- ICICI Bank car loan interest ratesNew-car starting rates by tenure.
- ICICI Bank personal loan interest ratesPersonal loan rate range.
- ICICI Bank education loan interest ratesEducation loan rates and quarterly mean rate.
- ICICI 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.