Which is easier to get?

HDFC has a simpler process for existing customers with pre-approved offers. SBI may require more documentation but offers better rates.

Can I negotiate the rate?

Yes! Apply to both and use the competing offer as leverage. Existing relationship customers often get better rates.

What CIBIL score do I need?

750+ for best rates at both banks. 650-750 may get approval but at higher rates. Below 650, approval is unlikely for personal loans.

SBI vs HDFC Personal Loan Comparison

Compare SBI and HDFC personal loan interest rates, eligibility, processing fees, and features.

Criteria	SBI Personal Loan	HDFC Personal Loan
Interest Rate	10.65-14.25%	10.50-21.00%
Processing Fee	Up to 1.5% of loan	Up to 2.5% of loan
Max Loan Amount	₹20 lakh	₹40 lakh
Max Tenure	6 years	5 years
Prepayment Charges	Nil after 6 months	4% of outstanding
Disbursement Speed	2-5 days	Same day (for pre-approved)

Our Verdict

SBI offers lower interest rates and zero prepayment charges — better for cost-conscious borrowers. HDFC offers higher loan amounts and faster processing, especially for existing customers with pre-approved offers.

Detailed Analysis

SBI and HDFC are India's largest personal loan providers with different strengths.

SBI offers competitive rates starting at 10.65% for government employees and existing customers. No prepayment charges after 6 months make it ideal if you plan to close early. However, processing can be slower.

HDFC excels in speed — pre-approved customers can get same-day disbursement. Higher loan limits (₹40L vs ₹20L) suit those needing larger amounts. The trade-off is potentially higher interest rates and prepayment charges.

SBI vs HDFC Personal Loan Comparison

Our Verdict

Detailed Analysis

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