HDFC BankVSState Bank of India
HDFC 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
10.5–24% ✓
11.05–14.56%
Min CIBIL
700+
650+ ✓
Max Amount
₹40,00,000 ✓
₹20,00,000
Min Salary
₹25,000
₹15,000 ✓
Disbursal
24 hours
3-5 working days
Processing Fee
Up to 2.5%
1% of loan amount
Prepayment
2-4% of outstanding
Nil after 12 EMIs
Type
BANK
BANK
HDFC Bank wins on 2 features, State Bank of India wins on 2. But the best lender for you depends on your salary and CIBIL — not just the specs.
HDFC Bank
✅Largest private bank — high trust
✅Competitive rates for 750+ CIBIL
✅Instant approval for existing customers
❌Strict CIBIL requirement (700+)
❌Higher rates for lower CIBIL
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 — HDFC Bank or State Bank of India for personal loan?
It depends on your profile. HDFC Bank offers rates from 10.5% (needs CIBIL 700+), while State Bank of India starts at 11.05% (needs CIBIL 650+). GoCredit’s AI Loan Agent compares both and 50+ other lenders to find the best rate for your exact profile.
HDFC Bank vs State Bank of India — which has a lower interest rate?
HDFC Bank has the lower starting rate at 10.5%. However, your actual rate depends on CIBIL score and salary. Check your personalised rate on GoCredit.
What is the minimum CIBIL score for HDFC Bank and State Bank of India?
HDFC 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 HDFC 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 55+ lenders simultaneously and finds the absolute best rate for your exact profile — salary, CIBIL, and loan amount. One click, all offers.
Compare All 55+ Lenders — Free →🎯
Check Your Loan Eligibility
Instant result — no signup, no CIBIL impact