MyLoanCare is a FREE of cost service for borrowers

Get Cashback of Upto ₹1,000* on Home Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Bajaj Home Finance vs LIC Housing Finance Home Loan

Download Comparison
Bank
Interest Rate
Interest Rate
6.80% - 6.85%
6.66% - 6.90%
Processing Fees
Processing Fees
Upto 0.35%
Min ₹ 10,000;
Maximum Loan Amount
Maximum Loan Amount
₹ 3.50 Cr
₹ 15 Cr
Maximum Tenure
Maximum Tenure
20 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 763
₹ 643
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
PLR
PLR
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
3.9/5.0
Add Bank

Compare Home Loan EMI of Bajaj Home Finance and LIC Housing Finance

Loan Amount Bajaj Home Finance LIC Housing Finance
₹ 10 Lakh ₹ 7,633 ₹ 6,426
₹ 25 Lakh ₹ 19,083 ₹ 16,066
₹ 30 Lakh ₹ 22,900 ₹ 19,279
₹ 50 Lakh ₹ 38,167 ₹ 32,131

Which is a better bank for Home Loan – LIC Housing Finance or Bajaj Home Finance?

LIC Housing Finance offers lower Home Loan EMI at ₹ 643 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 LIC Housing Finance is currently at 3.9/5.0 which makes it a good choice for taking a Home Loan.

How does LIC Housing Finance Home Loan compare with Bajaj Home Finance Home Loan?

It is important to do a detailed comparison of LIC Housing Finance 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 LIC Housing Finance Home Loan is 6.66%, which is lower than the lowest interest rate of Bajaj Home Finance at 6.80% and hence, LIC Housing Finance is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, LIC Housing Finance charges a lower processing fees of Nil vs Bajaj Home Finance with a processing fees of 0.35% of loan amount.
  • Bajaj Home Finance is a with its Home Loan rates benchmarked to PLR. On the other hand, LIC Housing Finance is a with its home loan rates benchmarked to PLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
  • Bajaj Home Finance has an average customer ratings of 4.9, while LIC Housing Finance has an average customer rating of 3.9, 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 – LIC Housing Finance or Bajaj Home Finance?

As per the current rates, LIC Housing Finance offers a lower interest rate of 6.66% on Home Loan when compared to Bajaj Home Finance which offers a Home Loan at 6.80%.

Popular Search for Bajaj Home Finance Home Loan

Popular Search for LIC Housing Finance Home Loan

Compare Bajaj Home Finance Home Loan With Other Banks

Compare LIC Housing Finance Home Loan With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.99% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Home Loan News - Sep 2021
  • 2021-09-27 : PNB Housing Finance Revises Home Loan Rates
    PNB Housing Finance has revised home loan rates for borrowers. A borrower can get an interest rate of 7.20% with a credit score above 800. A self employed can get loan at 7.40%, there is no change in rates of Unnati Home Loans.
  • 2021-09-24 : ICICI Bank Revises Home Loan Interest Rate
    ICICI Bank has cut home loan interest to 6.70%. The lowest rate for salaried is 6.70% and self-employed is 6.80%. If a borrower has a low credit score then they will have to pay 7.40% of the principal amount.
  • 2021-09-24 : LIC Housing Finance Announces New Home Loan Rates
    LIC Housing Finance has slashed the home loan rate to 6.66% for loans up to Rs 2 crore. These rates will be offered to the borrowers who have a credit score above 700 and it is valid till November 30, 2021.
  • 2021-09-21 : HDFC Bank Introduce Festival Bonanza Offer
    HDFC Bank has come up with a festival bonanza offer which is valid till October 31, 2021. The lender has cut home loan interest rate to 6.70%, the special rate is linked to borrowers credit score.
  • 2021-09-20 : PNB Introduces Festival Bonanza Offer
    Punjab National Bank (PNB) has introduced a festival bonanza offer under which they reduced home loan interest to 6.80%. Also, the lender has waived off processing fees and documentation charges on all retail loans like home loans, personal loans, car loans, gold loans, property loans. These charges are valid till December 31, 2021.
*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
Loader
Please wait while your information is being processed...