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Compare Bank of Maharashtra vs Indiabulls Home Loan

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Interest Rate
Interest Rate
6.90% - 8.05%
8.65% - 8.65%
Processing Fees
Processing Fees
Upto 0.25%
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 3 Cr
Maximum Tenure
Maximum Tenure
30 Years
25 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 659
₹ 815
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
Minimum Age
Minimum Age
21 Years
23 Years
Maximum Age
Maximum Age
65 Years
70 Years
For Women
For Women
Overdraft Facility
Overdraft Facility
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Home Loan EMI of Bank of Maharashtra and Indiabulls

Loan Amount Bank of Maharashtra Indiabulls
₹ 10 Lakh ₹ 6,586 ₹ 8,154
₹ 25 Lakh ₹ 16,465 ₹ 20,384
₹ 30 Lakh ₹ 19,758 ₹ 24,461
₹ 50 Lakh ₹ 32,930 ₹ 40,768

Which is a better bank for Home Loan – Bank of Maharashtra or Indiabulls?

Bank of Maharashtra offers lower Home Loan EMI at ₹ 659 on a Home Loan for 30 Years as compared to Indiabulls with a minimum EMI of ₹ 815 for 25 Years. Average customer ratings for Bank of Maharashtra is currently at 2.5/5.0 which makes it a good choice for taking a Home Loan.

How does Bank of Maharashtra Home Loan compare with Indiabulls Home Loan?

It is important to do a detailed comparison of Bank of Maharashtra and Indiabulls 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 Maharashtra Home Loan is 6.90%, which is lower than the lowest interest rate of Indiabulls at 8.65% and hence, Bank of Maharashtra is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Bank of Maharashtra charges a lower processing fees of 0.25% of the loan amount vs Indiabulls with a processing fees of 1.00% of loan amount.
  • Bank of Maharashtra is a with its Home Loan rates benchmarked to RLLR. Indiabulls is a with its home loan rates benchmarked to PLR.
  • Indiabulls has an average customer ratings of 3.8, while Bank of Maharashtra has an average customer rating of 2.5, based on which it is clear that Indiabulls has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • Bank of Maharashtra offers special discounted rate Home Loan schemes for women, while Indiabulls currently doesn’t have such schemes for women. Hence, women borrowers should consider Bank of Maharashtra.

Which bank offers a lower interest rate on Home Loan – Bank of Maharashtra or Indiabulls?

As per the current rates, Bank of Maharashtra offers a lower interest rate of 6.90% on Home Loan when compared to Indiabulls which offers a Home Loan at 8.65%.

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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
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