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Compare Bank of Maharashtra vs Piramal Housing Finance Home Loan

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Bank
Interest Rate
Interest Rate
6.90% - 8.05%
9.00% - 9.00%
Processing Fees
Processing Fees
Upto 0.25%
Upto 0.10%
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
30 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 659
₹ 805
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
RLLR
PLR
Minimum Age
Minimum Age
21 Years
23 Years
Maximum Age
Maximum Age
65 Years
65 Years
For Women
For Women
Y
N
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
2.5/5.0
2.5/5.0
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Compare Home Loan EMI of Bank of Maharashtra and Piramal Housing Finance

Loan Amount Bank of Maharashtra Piramal Housing Finance
₹ 10 Lakh ₹ 6,586 ₹ 8,046
₹ 25 Lakh ₹ 16,465 ₹ 20,116
₹ 30 Lakh ₹ 19,758 ₹ 24,139
₹ 50 Lakh ₹ 32,930 ₹ 40,231

Which is a better bank for Home Loan – Bank of Maharashtra or Piramal Housing Finance?

Bank of Maharashtra offers lower Home Loan EMI at ₹ 659 on a Home Loan for 30 Years as compared to Piramal Housing Finance with a minimum EMI of ₹ 805 for 30 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 Piramal Housing Finance Home Loan?

It is important to do a detailed comparison of Bank of Maharashtra and Piramal Housing 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 Maharashtra Home Loan is 6.90%, which is lower than the lowest interest rate of Piramal Housing Finance at 9.00% and hence, Bank of Maharashtra is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Piramal Housing Finance charges a lower processing fees of 0.10% of the loan amount vs Bank of Maharashtra with a processing fees of 0.25% of loan amount.
  • Bank of Maharashtra is a with its Home Loan rates benchmarked to RLLR. Piramal Housing Finance is a with its home loan rates benchmarked to PLR.
  • Bank of Maharashtra with an average customer ratings of 2.5 is equally comparable to Piramal Housing Finance with an average customer rating of 2.5, and hence, the customer can expect the same kind of service levels from these banks.
  • Bank of Maharashtra offers special discounted rate Home Loan schemes for women, while Piramal Housing Finance 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 Piramal Housing Finance?

As per the current rates, Bank of Maharashtra offers a lower interest rate of 6.90% on Home Loan when compared to Piramal Housing Finance which offers a Home Loan at 9.00%.

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Compare Bank of Maharashtra Home Loan With Other Banks

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Home Loan News - Sep 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.
  • 2021-09-17 : Bank of Baroda Slashes Home Loan Interest Rate
    Bank of Baroda (BOB) has introduced a festive offer #KhushiyonKaShreeGanesh. The lender has reduced the home loan interest rate to 6.75%. Along with a slashed interest rate the bank has also waived off processing fees.
  • 2021-09-17 : SBI Bring Down Home Loan Interest Rate
    State Bank of India (SBI) has slashed home loan interest rate by 45 bps (basis points). A customer whose cibil score is above 800 can get a home loan at a lowest rate of 6.70% and whose score is in between 750-800 will get a loan at a rate of 6.80%.
  • 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%.
*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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