MyLoanCare is a FREE of cost service for borrowers

Get Voucher of Upto ₹1,000* on Home Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Canara Bank vs OBC Home Loan

Download Comparison
Bank
Interest Rate
Interest Rate
7.05% - 9.30%
7.35% - 7.85%
Processing Fees
Processing Fees
Upto 0.50%
Min ₹ 1,500; Max ₹ 10,000
Upto 0.50%
Max ₹ 20,000
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
₹ 669
₹ 729
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
RLLR
RLLR
Minimum Age
Minimum Age
21 Years
18 Years
Maximum Age
Maximum Age
55 Years
60 Years
For Women
For Women
Y
N
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
5/5.0
2.5/5.0
Add Bank

Compare Home Loan EMI of Canara Bank and OBC

Loan Amount Canara Bank OBC
₹ 10 Lakh ₹ 6,687 ₹ 7,293
₹ 25 Lakh ₹ 16,717 ₹ 18,232
₹ 30 Lakh ₹ 20,060 ₹ 21,878
₹ 50 Lakh ₹ 33,433 ₹ 36,463

Which is a better bank for Home Loan – Canara Bank or OBC?

Canara Bank offers lower Home Loan EMI at ₹ 669 on a Home Loan for 30 Years as compared to OBC with a minimum EMI of ₹ 729 for 25 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 OBC Home Loan?

It is important to do a detailed comparison of Canara Bank and OBC 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 Canara Bank Home Loan is 7.05%, which is lower than the lowest interest rate of OBC at 7.35% and hence, Canara Bank is offering a cheaper loan option.
  • When compared to other Home Loan charges such as processing fees Canara Bank and OBC charge the lowest processing fees as 0.50% of the loan amount.
  • Canara Bank is a with its Home Loan rates benchmarked to RLLR. On the other hand, OBC is a with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
  • Canara Bank has an average customer ratings of 5, while OBC has an average customer rating of 2.5, based on which it is clear that Canara Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • Canara Bank offers special discounted rate Home Loan schemes for women, while OBC currently doesn’t have such schemes for women. Hence, women borrowers should consider Canara Bank.

Which bank offers a lower interest rate on Home Loan – Canara Bank or OBC?

As per the current rates, Canara Bank offers a lower interest rate of 7.05% on Home Loan when compared to OBC which offers a Home Loan at 7.35%.

Popular Search for Canara Bank Home Loan

Popular Search for OBC Home Loan

Compare Canara Bank Home Loan With Other Banks

Compare OBC Home Loan With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
Home Loan News - May 2022
  • 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.
  • 2022-05-02 : Union Bank Becomes the First Public Sector Bank to Go Live on Account Aggregator Framework.
    The Account Aggregator Framework has linked 332,000 accounts and has fulfilled over 310,000 consent requests since it has gone live. AA ensures swift data sharing with the consent of the user and eliminates the need for physical documents.
*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
Loader
Please wait while your information is being processed...