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Compare HSBC Bank vs IIFL Home Loan

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Interest Rate
Interest Rate
6.55% - 6.55%
8.45% - 8.45%
Processing Fees
Processing Fees
Upto 1.00%
Max ₹ 10,000
Upto 1.25%
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
25 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 678
₹ 765
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
Minimum Age
Minimum Age
21 Years
18 Years
Maximum Age
Maximum Age
65 Years
70 Years
For Women
For Women
Overdraft Facility
Overdraft Facility
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Home Loan EMI of HSBC Bank and IIFL

Loan Amount HSBC Bank IIFL
₹ 10 Lakh ₹ 6,783 ₹ 7,654
₹ 25 Lakh ₹ 16,958 ₹ 19,134
₹ 30 Lakh ₹ 20,350 ₹ 22,961
₹ 50 Lakh ₹ 33,917 ₹ 38,269

Which is a better bank for Home Loan – HSBC Bank or IIFL?

HSBC Bank offers lower Home Loan EMI at ₹ 678 on a Home Loan for 25 Years as compared to IIFL with a minimum EMI of ₹ 765 for 30 Years. Average customer ratings for HSBC Bank is currently at /5.0 which makes it a good choice for taking a Home Loan.

How does HSBC Bank Home Loan compare with IIFL Home Loan?

It is important to do a detailed comparison of HSBC Bank and IIFL 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 HSBC Bank Home Loan is 6.55%, which is lower than the lowest interest rate of IIFL at 8.45% and hence, HSBC Bank is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, HSBC Bank charges a lower processing fees of 1.00% of the loan amount vs IIFL with a processing fees of 1.25% of loan amount.
  • HSBC Bank is a with its Home Loan rates benchmarked to RLLR. IIFL is a with its home loan rates benchmarked to PLR.
  • with an average customer ratings of is equally comparable to with an average customer rating of , 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 – HSBC Bank or IIFL?

As per the current rates, HSBC Bank offers a lower interest rate of 6.55% on Home Loan when compared to IIFL which offers a Home Loan at 8.45%.

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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
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