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Compare HDFC vs India Shelters Home Loan

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Bank
Interest Rate
Interest Rate
6.70% - 8.20%
12.00% - 20.00%
Processing Fees
Processing Fees
Min ₹ 3,000;
Upto 2.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 1 Cr
Maximum Tenure
Maximum Tenure
30 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 645
₹ 1,101
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
PLR
PLR
Minimum Age
Minimum Age
24 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
For Women
For Women
Y
N
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.5/5.0
3/5.0
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Compare Home Loan EMI of HDFC and India Shelters

Loan Amount HDFC India Shelters
₹ 10 Lakh ₹ 6,453 ₹ 11,011
₹ 25 Lakh ₹ 16,132 ₹ 27,527
₹ 30 Lakh ₹ 19,358 ₹ 33,033
₹ 50 Lakh ₹ 32,264 ₹ 55,054

Which is a better bank for Home Loan – HDFC or India Shelters?

HDFC offers lower Home Loan EMI at ₹ 645 on a Home Loan for 30 Years as compared to India Shelters with a minimum EMI of ₹ 1,101 for 20 Years. Average customer ratings for HDFC is currently at 4.5/5.0 which makes it a good choice for taking a Home Loan.

How does HDFC Home Loan compare with India Shelters Home Loan?

It is important to do a detailed comparison of HDFC and India Shelters 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 HDFC Home Loan is 6.70%, which is lower than the lowest interest rate of India Shelters at 12.00% and hence, HDFC is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, HDFC charges a lower processing fees of Nil vs India Shelters with a processing fees of 2.00% of loan amount.
  • HDFC is a with its Home Loan rates benchmarked to PLR. On the other hand, India Shelters 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.
  • HDFC has an average customer ratings of 4.5, while India Shelters has an average customer rating of 3, based on which it is clear that HDFC has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • HDFC offers special discounted rate Home Loan schemes for women, while India Shelters currently doesn’t have such schemes for women. Hence, women borrowers should consider HDFC.

Which bank offers a lower interest rate on Home Loan – HDFC or India Shelters?

As per the current rates, HDFC offers a lower interest rate of 6.70% on Home Loan when compared to India Shelters which offers a Home Loan at 12.00%.

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