| Lender | Indicative Rate (p.a.) | Processing Fee | Rate As-Of |
|---|---|---|---|
| SBI | 8.5% - 9.6% | 0.35% | 2026-08-17 |
| Kotak Mahindra Bank | 8.7% - 9.75% | 0.5% | 2026-08-17 |
Rates are indicative and change with RBI policy and lender spreads. Confirm on SBI and Kotak Mahindra Bank before applying.
| Lender | EMI | Total Interest | Total Payment | ||
|---|---|---|---|---|---|
| SBI | 8.5% | 0.35% | ₹43,391 | ₹54,13,879 | ₹1,04,13,879 |
| Kotak Mahindra Bank | 8.7% | 0.5% | ₹44,026 | ₹55,66,274 | ₹1,05,66,274 |
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 | SBI EMI | Kotak Mahindra Bank EMI | Difference |
|---|---|---|---|
| 15 yr | ₹49,237 | ₹49,825 | ₹588 / month |
| 20 yr | ₹43,391 | ₹44,026 | ₹635 / month |
| 25 yr | ₹40,261 | ₹40,937 | ₹676 / month |
| 30 yr | ₹38,446 | ₹39,157 | ₹711 / month |
On indicative rates, SBI is currently the cheaper option (8.5% vs 8.7% as of 2026-08-17), while SBI is the friendlier on processing fees. For a 50 Lakh loan over 20 years, the EMI difference is ₹635 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, SBI or Kotak Mahindra Bank?
As of 2026-08-17, SBI has the lower indicative rate: 8.5% for SBI versus 8.7% for Kotak Mahindra 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 ₹635 per month between the two lenders - which compounds to ₹1,52,394 in total interest over the tenure.
Which lender has the lower processing fee?
SBI charges the lower processing fee (0.35% vs 0.5%). Fees matter more if you plan to prepay or transfer within a few years.
SBI Home Rates · Kotak Mahindra Bank Home Rates · EMI Calculator · SBI for 50 Lakh · Kotak Mahindra 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.