ICICI vs SBI Home Loan 2025 is a crucial comparison for new home buyers aiming to get the best deal in 2025. From interest rates and EMI flexibility to digital services and PMAY subsidies, both banks offer competitive options. This guide helps you understand which lender is the smarter choice based on your needs.
If you’re planning to purchase a home this year, choosing between ICICI Bank and State Bank of India (SBI) can be confusing. Both are leading housing finance providers in India with strong reputations, wide networks, and attractive loan schemes. However, depending on your income, credit profile, property location, and digital preferences, one may be better suited to you than the other.
In this comprehensive comparison, we’ll cover everything you need to know about ICICI vs SBI Home Loan 2025 including updated rates, processing time, digital services, subsidy benefits, eligibility, EMI calculations, and which bank to pick under different borrower profiles.
ICICI vs SBI Home Loan 2025 – Quick Comparison
| Feature | ICICI Bank | SBI |
|---|---|---|
| Interest Rate (2025) | 8.75% – 9.65% p.a. | 8.80% – 9.75% p.a. |
| Loan Tenure | Up to 30 years | Up to 30 years |
| Processing Fee | 0.50% (₹3,000 min) | 0.35% (₹2,000 min) |
| Maximum Loan Amount | ₹10 Crores | ₹15 Crores |
| Minimum Income | ₹25,000/month | ₹20,000/month |
| Prepayment Charges | None | None |
| PMAY Subsidy | Available | Available |
| Digital Application | Full | Partial |
| NRI Home Loan | Supported | Supported |
| Reverse Mortgage | Not offered | Offered |
Both banks offer affordable and regulated loans under RBI’s guidelines. The major differences lie in digital experience, document processing, and customer segmentation.
ICICI Home Loan Interest Rates 2025
ICICI Bank follows a Repo Rate Linked Lending Rate (RLLR) system. Based on your credit score and employment type, the bank offers customized rates.
| Credit Score | Interest Rate (Salaried) |
|---|---|
| 800+ | 8.75% p.a. |
| 750–799 | 8.85% – 9.10% p.a. |
| 700–749 | 9.25% – 9.50% p.a. |
| Below 700 | Custom rate after evaluation |
Tenure: 5 to 30 years
Loan Amount: ₹5 Lakhs to ₹10 Crores
Special Rate: 0.05% concession for women borrowers
ICICI also allows partial disbursement during construction and balance transfer options with top-up loans.
SBI Home Loan Interest Rates 2025
SBI uses External Benchmark Lending Rate (EBLR) which is directly linked to the RBI repo rate. SBI often launches special campaigns offering lower rates to women, government employees, and rural customers.
| Credit Score | Interest Rate |
|---|---|
| 800+ | 8.80% p.a. |
| 750–799 | 9.00% p.a. |
| 700–749 | 9.20% – 9.50% p.a. |
| Below 700 | Subject to profile evaluation |
Tenure: Up to 30 years
Loan Amount: Up to ₹15 Crores
Subsidy: PMAY subsidy available for eligible applicants
EMI Comparison – ICICI vs SBI Home Loan 2025
Let’s compare the EMI based on a sample loan of ₹40 Lakhs for 20 years.
| Bank | Interest Rate | EMI |
|---|---|---|
| ICICI | 9.00% | ₹35,992 |
| SBI | 9.00% | ₹35,992 |
| ICICI (Top-up) | 9.25% | ₹36,688 |
| SBI (Women Borrower) | 8.80% | ₹35,260 |
Verdict: EMI is nearly the same across both lenders at the same rate. Actual difference lies in charges and turnaround speed.
Eligibility Criteria Comparison
| Criteria | ICICI Bank | SBI |
|---|---|---|
| Age | 21 to 65 years | 21 to 70 years |
| Minimum Salary | ₹25,000/month | ₹20,000/month |
| Co-applicant Allowed | Yes | Yes |
| Self-employed Allowed | Yes | Yes |
| Credit Score Required | 700+ | 675+ |
| NRI Applicants | Accepted | Accepted |
Both lenders are fairly open to salaried and self-employed profiles. SBI allows more flexibility in income evaluation, especially in semi-urban areas.
Documentation – ICICI vs SBI
| Document | ICICI Bank | SBI |
|---|---|---|
| KYC (PAN, Aadhaar) | Required | Required |
| Income Proof | Salary slips or ITR | Salary slips or ITR |
| Bank Statements | Last 6 months | Last 6 months |
| Property Papers | Agreement, NOC, Map | Agreement, NOC, Chain of Title |
| Business Proof | For self-employed | For self-employed |
ICICI allows paperless document upload via iMobile Pay app or web portal. SBI still requires physical visits for most document submissions in tier 2 and 3 cities.
Application Process – ICICI vs SBI Home Loan 2025
ICICI Application Process:
Enter basic KYC and loan amount
Upload scanned documents
Get pre-approval in 24 to 72 hours
Sign loan agreement digitally
Funds disbursed to builder/seller
SBI Application Process:
Visit SBI Home Loan Portal
Apply via YONO or web form
Visit branch to submit physical documents
Await sanction after legal + technical checks
Sign physical agreement or e-Sign
Funds released in parts or full based on construction status
ICICI clearly leads in digital flow. SBI may delay due to in-person documentation stages.
Processing Time – ICICI vs SBI Home Loan 2025
| Stage | ICICI Bank | SBI |
|---|---|---|
| Application to Pre-approval | 24–48 hours | 3–5 working days |
| Document Verification | 2–3 days | 4–7 working days |
| Legal & Technical Check | 3–4 days | 5–10 working days |
| Final Sanction | Within 7 days | 10–15 days |
| Disbursal | 1–2 days post approval | 2–5 days post approval |
ICICI Bank offers faster turnaround due to its digital infrastructure, especially for salaried and pre-approved users. SBI can be slower in non-metro branches or for high-ticket loans requiring detailed property chain checks.
PMAY Subsidy – ICICI vs SBI
Both ICICI and SBI are official PMAY lenders and allow subsidy benefits for eligible applicants under Credit Linked Subsidy Scheme (CLSS). Here’s how they stack up:
| Category | Annual Income | Subsidy Available | ICICI | SBI |
|---|---|---|---|---|
| EWS | Up to ₹3 Lakhs | 6.5% (on ₹6L loan) | Yes | Yes |
| LIG | ₹3–6 Lakhs | 6.5% (on ₹6L loan) | Yes | Yes |
| MIG-I | ₹6–12 Lakhs | 4% (on ₹9L loan) | Yes | Yes |
| MIG-II | ₹12–18 Lakhs | 3% (on ₹12L loan) | Yes | Yes |
ICICI allows you to track PMAY status digitally. SBI usually processes PMAY through home branches with physical documentation.
Customer Support & Digital Tools
| Support Tool | ICICI Bank | SBI |
|---|---|---|
| Mobile App | iMobile Pay | YONO |
| Chat Assistant | iPal | SBI Chatbot |
| WhatsApp Banking | Yes | No |
| Dedicated NRI Desk | Yes | Yes |
| 24/7 Helpline | Yes | Yes |
| Loan Tracking | Digital (email + app) | Email/SMS/branch visit |
ICICI leads in digital self-service and chat-based resolution. SBI offers wide branch reach but has less advanced app features.
When to Choose ICICI Over SBI
You want fast disbursal and minimal branch visits
You’re salaried with credit score above 750
You need a top-up loan or balance transfer
You prefer fully digital uploads and e-signatures
You’re eligible for PMAY and want faster subsidy credit
When to Choose SBI Over ICICI
You live in a semi-urban or rural area
You’re self-employed with a non-standard income profile
You’re eligible for special government or PSU staff schemes
You require a reverse mortgage or pensioner loan
You prefer lower processing fees
Final Verdict – Which Bank is Better?
Both ICICI and SBI offer strong home loan portfolios. However, your ideal bank depends on your priorities:
For urban professionals, ICICI delivers speed, tech, and convenience.
For broader reach, low income support, and traditional banking, SBI stands out.
If you value digital-first service, go with ICICI. If you need a broader rural presence and lower charges, SBI may suit you better.
FAQs – ICICI vs SBI Home Loan 2025
Q1. Which bank offers lower interest rates in 2025?
ICICI offers slightly lower rates to high-credit salaried borrowers, while SBI offers flat rates across customer segments.
Q2. Does SBI offer full digital application like ICICI?
SBI offers online apply via YONO, but documentation and final processing often require branch visits.
Q3. Can NRIs apply for home loans from ICICI or SBI?
Yes. Both banks support NRI applicants with a valid passport, visa, and income proofs.
Q4. What is the minimum income required for home loans?
ICICI requires ₹25,000/month. SBI accepts applications from ₹20,000/month.
Q5. Can I apply for PMAY subsidy through both banks?
Yes. ICICI and SBI are PMAY-certified lenders for EWS, LIG, and MIG categories.
Q6. Which bank gives faster disbursal of loans?
ICICI is faster due to its end-to-end digital process. SBI may take longer due to manual checks.
Q7. What is the processing fee difference between ICICI and SBI?
ICICI: 0.50% or ₹3,000 minimum
SBI: 0.35% or ₹2,000 minimum
Q8. Are top-up loans available from both banks?
Yes, both banks offer top-up loans after 6–12 timely EMIs.
Q9. Which bank supports self-employed applicants better?
SBI is more flexible for self-employed or irregular income profiles.
Q10. Can I switch from SBI to ICICI for a better rate?
Yes. ICICI supports balance transfers and offers additional top-up options on switch.
Important Links
| ICICI Bank officials website | click here |
| SBI Bank officials website | click here |
| home page | click here |
| Join WhatsApp group | join here |
Authoritative External Links
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Conclusion – ICICI vs SBI Home Loan 2025
ICICI Bank is ideal for urban salaried borrowers who want fast, fully digital loan processing and tech-driven services. SBI is better for those in semi-urban/rural areas, self-employed applicants, or anyone looking for lower fees and wider branch access.Both offer PMAY benefits and competitive rates — choose the one that best fits your income profile, location, and urgency.
Smart Tip: Get pre-approval quotes from both banks to compare EMI, processing time, and comfort with documentation before finalizing your lender.