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Compare Bajaj Home Finance vs Bank of Baroda Home Loan

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Bank
Interest Rate
Interest Rate
6.80% - 6.85%
6.75% - 8.35%
Processing Fees
Processing Fees
Upto 0.35%
Min ₹ 10,030;
Maximum Loan Amount
Maximum Loan Amount
₹ 3.50 Cr
₹ 7 Cr
Maximum Tenure
Maximum Tenure
20 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 763
₹ 649
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
PLR
RLLR
Minimum Age
Minimum Age
25 Years
21 Years
Maximum Age
Maximum Age
70 Years
65 Years
For Women
For Women
N
N
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.9/5.0
4.3/5.0
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Compare Home Loan EMI of Bajaj Home Finance and Bank of Baroda

Loan Amount Bajaj Home Finance Bank of Baroda
₹ 10 Lakh ₹ 7,633 ₹ 6,486
₹ 25 Lakh ₹ 19,083 ₹ 16,215
₹ 30 Lakh ₹ 22,900 ₹ 19,458
₹ 50 Lakh ₹ 38,167 ₹ 32,430

Which is a better bank for Home Loan – Bank of Baroda or Bajaj Home Finance?

Bank of Baroda offers lower Home Loan EMI at ₹ 649 on a Home Loan for 30 Years as compared to Bajaj Home Finance with a minimum EMI of ₹ 763 for 20 Years. Average customer ratings for Bank of Baroda is currently at 4.3/5.0 which makes it a good choice for taking a Home Loan.

How does Bank of Baroda Home Loan compare with Bajaj Home Finance Home Loan?

It is important to do a detailed comparison of Bank of Baroda and Bajaj Home Finance on all loan terms and conditions to understand their differences and make an informed decision. Keep in mind that each bank’s scheme has its pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of Bank of Baroda Home Loan is 6.75%, which is lower than the lowest interest rate of Bajaj Home Finance at 6.80% and hence, Bank of Baroda is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Bank of Baroda charges a lower processing fees of Nil vs Bajaj Home Finance with a processing fees of 0.35% of loan amount.
  • Bank of Baroda is a with its Home Loan rates benchmarked to RLLR. Bajaj Home Finance is a with its home loan rates benchmarked to PLR.
  • Bajaj Home Finance has an average customer ratings of 4.9, while Bank of Baroda has an average customer rating of 4.3, based on which it is clear that Bajaj Home Finance has a high customer service focus, an easy Home Loan process and a quick turnaround.

Which bank offers a lower interest rate on Home Loan – Bank of Baroda or Bajaj Home Finance?

As per the current rates, Bank of Baroda offers a lower interest rate of 6.75% on Home Loan when compared to Bajaj Home Finance which offers a Home Loan at 6.80%.

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Home Loan News - Sep 2021
  • 2021-09-14 : DCB Bank Revises MCLR Rate
    DCB Bank has revised the Marginal Cost of Funds Lending Rate (MCLR) for different tenures. Now, the one-year and six-month MCLR are 9.02%. Three-months MCLR is at 8.77%, one month and overnight MCLR is 8.07%.
  • 2021-09-10 : Kotak Mahindra Bank Cuts Home Loan Interest Rate
    Kotak Mahindra Bank has reduced the home loan interest rate by 15 basis points (bps), ahead of the festive season. Currently, the minimum rate of interest is 6.50%, the special rate is applicable from 10 September 2021 to November 8, 2021.
  • 2021-09-07 : LIC Housing Finance Partners with IPPB for Home Loans
    India Post Payments Bank (IPPB) and LIC Housing Finance announced a strategic partnership for providing home loan products to over 4.5 crore customers of IPPB. IPPB will make LICHFL home loan products accessible to its customers pan-India.
  • 2021-09-06 : Bank of Baroda is offering a promising home loan
    Bank of Baroda is offering attractive offers on home loans. The lender is offering lower interest rates and longer tenure. A borrower can loan approved within 30 minutes digitally.
  • 2021-09-01 : Mortgage lending has increased GDP by 11%
    National Housing Bank has informed that mortgage lending in India has increased India’s Gross Domestic Product (GDP) by 11%, an economy worth Rs 27 trillion. 65% of the loans are provided by banks and the rest 35% by NBFCs.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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