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Compare Bajaj Home Finance vs Indian Bank Home Loan

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Bank
Interest Rate
Interest Rate
6.75% - 14.00%
7.55% - 7.85%
Processing Fees
Processing Fees
Upto 0.30%
Upto 0.23%
Max ₹ 20,381
Maximum Loan Amount
Maximum Loan Amount
₹ 3.50 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
20 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 760
₹ 809
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
PLR
RLLR
Minimum Age
Minimum Age
25 Years
18 Years
Maximum Age
Maximum Age
70 Years
60 Years
For Women
For Women
N
Y
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.9/5.0
3/5.0
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Compare Home Loan EMI of Bajaj Home Finance and Indian Bank

Loan Amount Bajaj Home Finance Indian Bank
₹ 10 Lakh ₹ 7,604 ₹ 8,087
₹ 25 Lakh ₹ 19,009 ₹ 20,216
₹ 30 Lakh ₹ 22,811 ₹ 24,260
₹ 50 Lakh ₹ 38,018 ₹ 40,433

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

Bajaj Home Finance offers lower Home Loan EMI at ₹ 760 on a Home Loan for 20 Years as compared to Indian Bank with a minimum EMI of ₹ 809 for 20 Years. Average customer ratings for Bajaj Home Finance is currently at 4.9/5.0 which makes it a good choice for taking a Home Loan.

How does Bajaj Home Finance Home Loan compare with Indian Bank Home Loan?

It is important to do a detailed comparison of Bajaj Home Finance and Indian Bank 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 Bajaj Home Finance Home Loan is 6.75%, which is lower than the lowest interest rate of Indian Bank at 7.55% and hence, Bajaj Home Finance is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Indian Bank charges a lower processing fees of 0.23% of the loan amount vs Bajaj Home Finance with a processing fees of 0.30% of loan amount.
  • Indian Bank 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 Indian Bank has an average customer rating of 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.
  • Indian Bank offers special discounted rate Home Loan schemes for women, while Bajaj Home Finance currently doesn’t have such schemes for women. Hence, women borrowers should consider Indian Bank.

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

As per the current rates, Bajaj Home Finance offers a lower interest rate of 6.75% on Home Loan when compared to Indian Bank which offers a Home Loan at 7.55%.

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*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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