Axis BankVSState Bank of India
Axis Bank vs State Bank of India Personal Loan
Detailed side-by-side comparison — rates, eligibility, pros & cons. Find which is better for your profile.
Interest Rate
9.99–22% ✓
10–15%
Min CIBIL
700+
650+ ✓
Max Amount
₹50,00,000 ✓
₹20,00,000
Min Salary
₹15,000 ✓
₹25,000
Disbursal
24-48 hours
3-5 working days
Processing Fee
Up to 2%
1.5% (min ₹1,000, max ₹15,000) + GST
Prepayment
Nil after 12 EMIs
Nil after 12 EMIs
Type
BANK
BANK
Axis Bank wins on 3 features, State Bank of India wins on 1. But the best lender for you depends on your salary and CIBIL — not just the specs.
Axis Bank
✅Low starting rate (10.49%)
✅Good for existing account holders
✅Instant OTP-based KYC
❌700+ CIBIL required
❌Salaried only: self-employed borrowers need a separate product
State Bank of India
✅Lowest rates for govt employees
✅Accepts 650+ CIBIL
✅Long tenure up to 72 months
❌Slower disbursal (3-5 days)
❌Limited to salaried/govt employees
Frequently Asked Questions
Which is better — Axis Bank or State Bank of India for personal loan?
It depends on your profile. Axis Bank offers rates from 9.99% (needs CIBIL 700+), while State Bank of India starts at 10% (needs CIBIL 650+). GoCredit’s AI Loan Agent compares both and 50+ other lenders to find the best rate for your exact profile.
Axis Bank vs State Bank of India — which has a lower interest rate?
Axis Bank has the lower starting rate at 9.99%. However, your actual rate depends on CIBIL score and salary. Check your personalised rate on GoCredit.
What is the minimum CIBIL score for Axis Bank and State Bank of India?
Axis Bank requires 700+, State Bank of India requires 650+. If your score doesn’t meet either threshold, GoCredit’s AI matches you with lenders that accept your current profile.
Should I apply to Axis Bank or State Bank of India?
Instead of choosing one, use GoCredit’s AI Loan Agent to apply to both simultaneously along with 50+ other lenders. You get the best offer without multiple applications and hard enquiries.
Why Compare Just 2?
GoCredit's AI Loan Agent compares 100+ lenders simultaneously and finds the absolute best rate for your exact profile — salary, CIBIL, and loan amount. One click, all offers.
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Instant result — no signup, no CIBIL impact