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Federal Bank vs State Bank of India Home Loan
Federal Bank and State Bank of India advertise the same starting rate.
| Federal Bank | SBI | |
|---|---|---|
| Starting interest rate | 7.5% | 7.5% |
| EMI for ₹50 lakh, 20 years | ₹40,280 | ₹40,280 |
| Total interest | ₹46,67,118 | ₹46,67,118 |
| Processing fee | Not stated | Festive offer: 50% waiver in processing fees (minimum ₹5,000 + GST), valid up to 31.12.2026 |
| Prepayment | Not stated | No prepayment penalty |
| Maximum tenure | - | 30 years |
Source: Federal Bank official page, checked on November 2026 (2026-11-01).
Source: State Bank of India official page, checked on November 2026 (2026-11-01).
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Frequently asked questions
Which is cheaper, Federal Bank or SBI home loan?
Federal Bank and State Bank of India advertise the same starting rate. Your actual rate may differ from the starting rate.