Compare Home Loan - Canara Bank vs Indian Overseas Bank
Compare EMI of Canara Bank and Indian Overseas Bank Home Loan
| Loan Amount | Canara Bank | Indian Overseas Bank |
|---|---|---|
| ₹ 10 Lakh | ₹ 6,586 | ₹ 6,687 |
| ₹ 25 Lakh | ₹ 16,465 | ₹ 16,717 |
| ₹ 30 Lakh | ₹ 19,758 | ₹ 20,060 |
| ₹ 50 Lakh | ₹ 32,930 | ₹ 33,433 |
Which is a better bank for Home Loan – Canara Bank or Indian Overseas Bank?
Canara Bank offers lower Home Loan EMI at ₹ 659 on a Home Loan for 30 Years as compared to Indian Overseas Bank with a minimum EMI of ₹ 669 for 30 Years. Average customer ratings for Canara Bank is currently at 5/5.0 which makes it a good choice for taking a Home Loan.
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 Home Loan on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own 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 lower interest rate on Home Loan – Canara Bank or Indian Overseas Bank?
As per the current rates, Canara Bank offers a lower interest rate of 6.90% on Home Loan when compared to Indian Overseas Bank which offers a Home Loan at 7.05%.
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Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021. Customers have been asked to apply for cheque books with the new MICR code at the earliest. - 2021-07-16 : UBI update on change in IFSC code for merged banks - Andhra Bank and Corporation Bank
Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile e-Andhra Bank and e-Corporation Bank branches will change with effect from July 1, 2021. Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes - 2021-07-16 : Bandhan Bank total loans rise 8% to ₹80,128 crore in Q1, deposits up 28%
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