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Compare Edelweiss vs Karnataka Bank Home Loan

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Bank
Interest Rate
Interest Rate
8.00% - 16.95%
8.55% - 9.50%
Processing Fees
Processing Fees
Upto 0.25%
Upto 0.25%
Min ₹ 250;
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
25 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 772
₹ 772
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
PLR
RLLR
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 Karnataka Bank

Loan Amount Edelweiss Karnataka Bank
₹ 10 Lakh ₹ 7,718 ₹ 7,725
₹ 25 Lakh ₹ 19,295 ₹ 19,312
₹ 30 Lakh ₹ 23,154 ₹ 23,174
₹ 50 Lakh ₹ 38,591 ₹ 38,623

Which is a better bank for Home Loan – Edelweiss or Karnataka Bank?

Edelweiss and Karnataka Bank have the same interest rate on Home Loan, starting from 8.00%. Lowest EMI of Edelweiss is ₹ 772 for a maximum tenure of 25 Years. Lowest EMI of Karnataka Bank is ₹ 772 for a maximum tenure of 30 Years.

How does Edelweiss Home Loan compare with Karnataka Bank Home Loan?

It is important to do a detailed comparison of Edelweiss and Karnataka 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:

  • Lowest Interest rate of Edelweiss Home Loan is 8.00%, which is lower than the lowest interest rate of Karnataka Bank at 8.55% and hence, Edelweiss is offering a cheaper loan option.
  • When compared to other Home Loan charges such as processing fees Edelweiss and Karnataka Bank charge the lowest processing fees as 0.25% of the loan amount.
  • Karnataka Bank is a with its Home Loan rates benchmarked to RLLR. Edelweiss is a with its home loan rates benchmarked to PLR.
  • Edelweiss with an average customer ratings of 3.5 is equally comparable to Karnataka Bank 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 – Edelweiss or Karnataka Bank?

As per the current rates, Edelweiss offers a lower interest rate of 8.00% on Home Loan when compared to Karnataka Bank which offers a Home Loan at 8.55%.

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Home Loan News - May 2022
  • 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.
*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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