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Compare Bank of Baroda vs IIFL Home Loan

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Bank
Interest Rate
Interest Rate
6.75% - 8.35%
8.45% - 8.45%
Processing Fees
Processing Fees
Min ₹ 10,030;
Upto 1.25%
Maximum Loan Amount
Maximum Loan Amount
₹ 7 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
30 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 649
₹ 765
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
RLLR
PLR
Minimum Age
Minimum Age
21 Years
18 Years
Maximum Age
Maximum Age
65 Years
70 Years
For Women
For Women
N
N
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.3/5.0
4.3/5.0
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Compare Home Loan EMI of Bank of Baroda and IIFL

Loan Amount Bank of Baroda IIFL
₹ 10 Lakh ₹ 6,486 ₹ 7,654
₹ 25 Lakh ₹ 16,215 ₹ 19,134
₹ 30 Lakh ₹ 19,458 ₹ 22,961
₹ 50 Lakh ₹ 32,430 ₹ 38,269

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

Bank of Baroda offers lower Home Loan EMI at ₹ 649 on a Home Loan for 30 Years as compared to IIFL with a minimum EMI of ₹ 765 for 30 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 IIFL Home Loan?

It is important to do a detailed comparison of Bank of Baroda and IIFL 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 IIFL at 8.45% 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 IIFL with a processing fees of 1.25% of loan amount.
  • Bank of Baroda is a with its Home Loan rates benchmarked to RLLR. IIFL is a with its home loan rates benchmarked to PLR.
  • Bank of Baroda with an average customer ratings of 4.3 is equally comparable to IIFL with an average customer rating of 4.3, and hence, the customer can expect the same kind of service levels from these banks.

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

As per the current rates, Bank of Baroda offers a lower interest rate of 6.75% on Home Loan when compared to IIFL which offers a Home Loan at 8.45%.

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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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