Compare Canara Bank vs Indian Overseas Bank Home Loan
Compare Home Loan EMI of Canara Bank and Indian Overseas Bank
| Loan Amount | Canara Bank | Indian Overseas Bank |
|---|---|---|
| ₹ 10 Lakh | ₹ 6,687 | ₹ 6,687 |
| ₹ 25 Lakh | ₹ 16,717 | ₹ 16,717 |
| ₹ 30 Lakh | ₹ 20,060 | ₹ 20,060 |
| ₹ 50 Lakh | ₹ 33,433 | ₹ 33,433 |
Which is a better bank for Home Loan – Canara Bank or Indian Overseas Bank?
Canara Bank and Indian Overseas Bank have the same interest rate on Home Loan, starting from 7.05%. Lowest EMI of Canara Bank is ₹ 669 for a maximum tenure of 30 Years. Lowest EMI of Indian Overseas Bank is ₹ 669 for a maximum tenure of 30 Years.
How does Canara Bank Home Loan compare with Indian Overseas Bank Home Loan?
It is important to do a detailed comparison of Canara Bank and Indian Overseas 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:
Which bank offers a lower interest rate on Home Loan – Canara Bank or Indian Overseas Bank?
The lowest interest rate for both Canara Bank and Indian Overseas Bank on Home Loan currently starts from 7.05%, and hence, both banks are a good choice for potential borrowers.
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- 2022-05-24 : Home Buyers Welcome the Decision to Extend the PMAY Scheme
The Central Government has extended the PMAY Scheme-Urban till September 2022 in Maharashtra. - 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year. - 2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21. - 2022-05-03 : HDFC Profit Rises by 16% for Q4 of FY 2022
Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII). - 2022-05-02 : HDFC Increase Interest Rates on Home Loans
The lender has hiked the lending rates by 5 basis points for existing customers. The adjustable-rate home loans for new customers with a credit score of above 750, however, will continue to be 6.70 percent.
