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Compare Edelweiss vs GIC Housing Finance Home Loan

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Bank
Interest Rate
Interest Rate
10.50% - 10.90%
10.25% - 10.25%
Processing Fees
Processing Fees
Upto 0.25%
Min ₹ 2,500;
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 3 Cr
Maximum Tenure
Maximum Tenure
25 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 944
₹ 982
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
PLR
PLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
For Women
For Women
N
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 Home Loan EMI of Edelweiss and GIC Housing Finance

Loan Amount Edelweiss GIC Housing Finance
₹ 10 Lakh ₹ 9,442 ₹ 9,816
₹ 25 Lakh ₹ 23,605 ₹ 24,541
₹ 30 Lakh ₹ 28,325 ₹ 29,449
₹ 50 Lakh ₹ 47,209 ₹ 49,082

Which is a better bank for Home Loan – GIC Housing Finance or Edelweiss?

Edelweiss offers lower Home Loan EMI at ₹ 944 on a Home Loan for 25 Years as compared to GIC Housing Finance with a minimum EMI of ₹ 982 for 20 Years. Average customer ratings for Edelweiss is currently at 3.5/5.0 which makes it a good choice for taking a Home Loan.

How does GIC Housing Finance Home Loan compare with Edelweiss Home Loan?

It is important to do a detailed comparison of GIC Housing Finance and Edelweiss 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 GIC Housing Finance Home Loan is 10.25%, which is lower than the lowest interest rate of Edelweiss at 10.50% and hence, GIC Housing Finance is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, GIC Housing Finance charges a lower processing fees of Nil vs Edelweiss with a processing fees of 0.25% of loan amount.
  • Edelweiss is a with its Home Loan rates benchmarked to PLR. On the other hand, GIC Housing Finance is a with its home loan rates benchmarked to PLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
  • Edelweiss with an average customer ratings of 3.5 is equally comparable to GIC Housing Finance with an average customer rating of 3.5, and hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Home Loan – GIC Housing Finance or Edelweiss?

As per the current rates, GIC Housing Finance offers a lower interest rate of 10.25% on Home Loan when compared to Edelweiss which offers a Home Loan at 10.50%.

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Home Loan News - Sep 2021
  • 2021-09-27 : PNB Housing Finance Revises Home Loan Rates
    PNB Housing Finance has revised home loan rates for borrowers. A borrower can get an interest rate of 7.20% with a credit score above 800. A self employed can get loan at 7.40%, there is no change in rates of Unnati Home Loans.
  • 2021-09-24 : ICICI Bank Revises Home Loan Interest Rate
    ICICI Bank has cut home loan interest to 6.70%. The lowest rate for salaried is 6.70% and self-employed is 6.80%. If a borrower has a low credit score then they will have to pay 7.40% of the principal amount.
  • 2021-09-24 : LIC Housing Finance Announces New Home Loan Rates
    LIC Housing Finance has slashed the home loan rate to 6.66% for loans up to Rs 2 crore. These rates will be offered to the borrowers who have a credit score above 700 and it is valid till November 30, 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.
*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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