| Lender | Indicative Rate (p.a.) | Processing Fee | Rate As-Of |
|---|---|---|---|
| HDFC Bank | 8.75% - 9.65% | 0.5% | 2026-08-17 |
| ICICI Bank | 8.6% - 9.7% | 0.5% | 2026-08-17 |
Rates are indicative and change with RBI policy and lender spreads. Confirm on HDFC Bank and ICICI Bank before applying.
| Lender | EMI | Total Interest | Total Payment | ||
|---|---|---|---|---|---|
| HDFC Bank | 8.75% | 0.5% | ₹44,186 | ₹56,04,527 | ₹1,06,04,527 |
| ICICI Bank | 8.6% | 0.5% | ₹43,708 | ₹54,89,952 | ₹1,04,89,952 |
Computed at the indicative minimum rate of each lender for a 50 Lakh loan over 20 years. Eligibility may differ; your actual offer may sit anywhere in the quoted range.
Run your own numbers with the full Home loan calculator - prepayment, stress test and tax savings included.
| Tenure | HDFC Bank EMI | ICICI Bank EMI | Difference |
|---|---|---|---|
| 15 yr | ₹49,972 | ₹49,531 | ₹442 / month |
| 20 yr | ₹44,186 | ₹43,708 | ₹477 / month |
| 25 yr | ₹41,107 | ₹40,599 | ₹508 / month |
| 30 yr | ₹39,335 | ₹38,801 | ₹534 / month |
On indicative rates, ICICI Bank is currently the cheaper option (8.75% vs 8.6% as of 2026-08-17), while HDFC Bank is the friendlier on processing fees. For a 50 Lakh loan over 20 years, the EMI difference is ₹477 per month - real money over a long tenure, but small enough that eligibility, service quality and prepayment flexibility should also drive your choice. A balance transfer later can always close the gap.
Which bank has the lower home loan rate, HDFC Bank or ICICI Bank?
As of 2026-08-17, ICICI Bank has the lower indicative rate: 8.75% for HDFC Bank versus 8.6% for ICICI Bank (both home loans). Your final offer depends on CIBIL score, income and employer profile.
What is the EMI difference on a 50 Lakh loan?
For a 50 Lakh loan over 20 years, the EMI differs by about ₹477 per month between the two lenders - which compounds to ₹1,14,574 in total interest over the tenure.
Which lender has the lower processing fee?
HDFC Bank charges the lower processing fee (0.5% vs 0.5%). Fees matter more if you plan to prepay or transfer within a few years.
HDFC Bank Home Rates · ICICI Bank Home Rates · EMI Calculator · HDFC Bank for 50 Lakh · ICICI Bank for 50 Lakh
Comparison uses indicative rates as of 2026-08-17. Actual eligibility, rate and terms depend on your profile. This page is for information only and is not financial advice.