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 HDFC vs Indian Bank Home Loan

Download Comparison
Bank
Interest Rate
Interest Rate
6.75% - 8.20%
7.55% - 7.85%
Processing Fees
Processing Fees
Min ₹ 3,000;
Upto 0.23%
Max ₹ 20,381
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
30 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 649
₹ 809
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
PLR
RLLR
Minimum Age
Minimum Age
24 Years
18 Years
Maximum Age
Maximum Age
65 Years
60 Years
For Women
For Women
Y
Y
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.5/5.0
3/5.0
Add Bank

Compare Home Loan EMI of HDFC and Indian Bank

Loan Amount HDFC Indian Bank
₹ 10 Lakh ₹ 6,486 ₹ 8,087
₹ 25 Lakh ₹ 16,215 ₹ 20,216
₹ 30 Lakh ₹ 19,458 ₹ 24,260
₹ 50 Lakh ₹ 32,430 ₹ 40,433

Which is a better bank for Home Loan – HDFC or Indian Bank?

HDFC offers lower Home Loan EMI at ₹ 649 on a Home Loan for 30 Years as compared to Indian Bank with a minimum EMI of ₹ 809 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 Indian Bank Home Loan?

It is important to do a detailed comparison of HDFC and Indian 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 HDFC Home Loan is 6.75%, which is lower than the lowest interest rate of Indian Bank at 7.55% 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 Indian Bank with a processing fees of 0.23% of loan amount.
  • Indian Bank is a with its Home Loan rates benchmarked to RLLR. HDFC is a with its home loan rates benchmarked to PLR.
  • HDFC has an average customer ratings of 4.5, while Indian Bank 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.
  • All these banks offer discounted schemes for women and hence, this factor will not be important in making the decision to borrow from HDFC or Indian Bank.

Which bank offers a lower interest rate on Home Loan – HDFC or Indian Bank?

As per the current rates, HDFC offers a lower interest rate of 6.75% on Home Loan when compared to Indian Bank which offers a Home Loan at 7.55%.

Popular Search for HDFC Home Loan

Popular Search for Indian Bank Home Loan

Compare HDFC Home Loan With Other Banks

Compare Indian 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
Home Loan News - Sep 2021
  • 2021-09-14 : DCB Bank Revises MCLR Rate
    DCB Bank has revised the Marginal Cost of Funds Lending Rate (MCLR) for different tenures. Now, the one-year and six-month MCLR are 9.02%. Three-months MCLR is at 8.77%, one month and overnight MCLR is 8.07%.
  • 2021-09-10 : Kotak Mahindra Bank Cuts Home Loan Interest Rate
    Kotak Mahindra Bank has reduced the home loan interest rate by 15 basis points (bps), ahead of the festive season. Currently, the minimum rate of interest is 6.50%, the special rate is applicable from 10 September 2021 to November 8, 2021.
  • 2021-09-07 : LIC Housing Finance Partners with IPPB for Home Loans
    India Post Payments Bank (IPPB) and LIC Housing Finance announced a strategic partnership for providing home loan products to over 4.5 crore customers of IPPB. IPPB will make LICHFL home loan products accessible to its customers pan-India.
  • 2021-09-06 : Bank of Baroda is offering a promising home loan
    Bank of Baroda is offering attractive offers on home loans. The lender is offering lower interest rates and longer tenure. A borrower can loan approved within 30 minutes digitally.
  • 2021-09-01 : Mortgage lending has increased GDP by 11%
    National Housing Bank has informed that mortgage lending in India has increased India’s Gross Domestic Product (GDP) by 11%, an economy worth Rs 27 trillion. 65% of the loans are provided by banks and the rest 35% by NBFCs.
*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...