MyLoanCare is a FREE of cost service for borrowers

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

MyLoanCare Customer Ratings - 4.5/5.0

Compare GIC Housing Finance vs Standard Chartered Bank Home Loan

Download Comparison
Bank
Interest Rate
Interest Rate
10.25% - 10.25%
7.49% - 7.49%
Processing Fees
Processing Fees
Min ₹ 2,500;
Upto 1.00%
Min ₹ 5,000; Max ₹ 10,000
Maximum Loan Amount
Maximum Loan Amount
₹ 3 Cr
₹ 15 Cr
Maximum Tenure
Maximum Tenure
20 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 982
₹ 805
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
PLR
3_month MCLR
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
Y - Home Saver
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3.5/5.0
4.8/5.0
Add Bank

Compare Home Loan EMI of GIC Housing Finance and Standard Chartered Bank

Loan Amount GIC Housing Finance Standard Chartered Bank
₹ 10 Lakh ₹ 9,816 ₹ 8,050
₹ 25 Lakh ₹ 24,541 ₹ 20,125
₹ 30 Lakh ₹ 29,449 ₹ 24,149
₹ 50 Lakh ₹ 49,082 ₹ 40,249

Which is a better bank for Home Loan – Standard Chartered Bank or GIC Housing Finance?

Standard Chartered Bank offers lower Home Loan EMI at ₹ 805 on a Home Loan for 20 Years as compared to GIC Housing Finance with a minimum EMI of ₹ 982 for 20 Years. Average customer ratings for Standard Chartered Bank is currently at 4.8/5.0 which makes it a good choice for taking a Home Loan.

How does Standard Chartered Bank Home Loan compare with GIC Housing Finance Home Loan?

It is important to do a detailed comparison of Standard Chartered Bank and GIC Housing Finance 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 Standard Chartered Bank Home Loan is 7.49%, which is lower than the lowest interest rate of GIC Housing Finance at 10.25% and hence, Standard Chartered Bank 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 Standard Chartered Bank with a processing fees of 1.00% of loan amount.
  • GIC Housing Finance is a with its Home Loan rates benchmarked to PLR. Standard Chartered Bank is a with its home loan rates benchmarked to MCLR.
  • Standard Chartered Bank has an average customer ratings of 4.8, while GIC Housing Finance has an average customer rating of 3.5, based on which it is clear that Standard Chartered Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • One unique feature of Standard Chartered Bank is its overdraft facility which allows borrowers to minimize their interest outgo by paying interest only on the loan amount utilized. This scheme makes it an apt choice for self-employed and businessmen with fluctuating fund requirements.

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

As per the current rates, Standard Chartered Bank offers a lower interest rate of 7.49% on Home Loan when compared to GIC Housing Finance which offers a Home Loan at 10.25%.

Popular Search for GIC Housing Finance Home Loan

Popular Search for Standard Chartered Bank Home Loan

Compare GIC Housing Finance Home Loan With Other Banks

Compare Standard Chartered Bank 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 8.99% 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 6.95%.

    Invest Now
*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...