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Compare Home Loan - Corporation Bank vs Aadhar Housing Finance

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Bank
Parameters
Interest Rate
Interest Rate
6.80% - 7.35%
11.00% - 11.00%
Processing Fees
Processing Fees
Upto 0.50%
Max ₹ 50,000
Min ₹ 3,500;
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 1 Cr
Maximum Tenure
Maximum Tenure
30 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 652
₹ 952
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
RLLR
PLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
70 Years
For Women
For Women
Y
N
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3.5/5.0
3.5/5.0
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Compare EMI of Corporation Bank and Aadhar Housing Finance Home Loan

Loan Amount Corporation Bank Aadhar Housing Finance
₹ 10 Lakh ₹ 6,519 ₹ 9,523
₹ 25 Lakh ₹ 16,298 ₹ 23,808
₹ 30 Lakh ₹ 19,558 ₹ 28,570
₹ 50 Lakh ₹ 32,596 ₹ 47,616

Which is a better bank for Home Loan – Corporation Bank or Aadhar Housing Finance?

Corporation Bank offers lower Home Loan EMI at ₹ 652 on a Home Loan for 30 Years as compared to Aadhar Housing Finance with a minimum EMI of ₹ 952 for 30 Years. Average customer ratings for Corporation Bank is currently at 3.5/5.0 which makes it a good choice for taking a Home Loan.

How does Corporation Bank Home Loan compare with Aadhar Housing Finance Home Loan?

It is important to do a detailed comparison of Corporation 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:

  • Lowest Interest rate of Corporation Bank Home Loan is 6.80%, which is lower than the lowest interest rate of Aadhar Housing Finance at 11.00% and hence, Corporation Bank is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Aadhar Housing Finance charges a lower processing fees of Nil vs Corporation Bank with a processing fees of 0.50% of loan amount.
  • Aadhar Housing Finance has a maximum processing fee of ₹ 3,500 compared to Corporation Bank with higher processing fees of ₹ 50,000. Hence, customers looking for a higher loan amount will get a benefit on processing fees by opting for Aadhar Housing Finance.
  • Corporation Bank is a Public Sector Bank with its Home Loan rates benchmarked to RLLR. Aadhar Housing Finance is a HFC with its home loan rates benchmarked to PLR.
  • Aadhar Housing Finance with an average customer ratings of 3.5 is equally comparable to Corporation Bank with an average customer rating of 3.5, and hence, the customer can expect the same kind of service levels from these banks.
  • Corporation Bank offers special discounted rate Home Loan schemes for women, while Aadhar Housing Finance currently doesn’t have such schemes for women. Hence, women borrowers should definitely evaluate Corporation Bank.

Which bank offers lower interest rate on Home Loan – Corporation Bank or Aadhar Housing Finance?

As per the current rates, Corporation Bank offers a lower interest rate of 6.80% on Home Loan when compared to Aadhar Housing Finance which offers a Home Loan at 11.00%.

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*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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