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Compare IDBI Bank vs Edelweiss Home Loan

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Bank
Interest Rate
Interest Rate
6.75% - 8.40%
8.00% - 16.95%
Processing Fees
Processing Fees
Upto 0.50%
Min ₹ 2,500;
Upto 0.25%
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
30 Years
25 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 649
₹ 772
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
RLLR
PLR
Minimum Age
Minimum Age
25 Years
21 Years
Maximum Age
Maximum Age
70 Years
65 Years
For Women
For Women
N
N
Overdraft Facility
Overdraft Facility
Y - Home Loan Interest Saver
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.3/5.0
3.5/5.0
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Compare Home Loan EMI of IDBI Bank and Edelweiss

Loan Amount IDBI Bank Edelweiss
₹ 10 Lakh ₹ 6,486 ₹ 7,718
₹ 25 Lakh ₹ 16,215 ₹ 19,295
₹ 30 Lakh ₹ 19,458 ₹ 23,154
₹ 50 Lakh ₹ 32,430 ₹ 38,591

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

IDBI Bank offers lower Home Loan EMI at ₹ 649 on a Home Loan for 30 Years as compared to Edelweiss with a minimum EMI of ₹ 772 for 25 Years. Average customer ratings for IDBI Bank is currently at 4.3/5.0 which makes it a good choice for taking a Home Loan.

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

It is important to do a detailed comparison of IDBI Bank and Edelweiss 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 IDBI Bank Home Loan is 6.75%, which is lower than the lowest interest rate of Edelweiss at 8.00% and hence, IDBI Bank is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Edelweiss charges a lower processing fees of 0.25% of the loan amount vs IDBI Bank with a processing fees of 0.50% of loan amount.
  • IDBI Bank is a with its Home Loan rates benchmarked to RLLR. Edelweiss is a with its home loan rates benchmarked to PLR.
  • IDBI Bank has an average customer ratings of 4.3, while Edelweiss has an average customer rating of 3.5, based on which it is clear that IDBI Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • One unique feature of IDBI 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 – IDBI Bank or Edelweiss?

As per the current rates, IDBI Bank offers a lower interest rate of 6.75% on Home Loan when compared to Edelweiss which offers a Home Loan at 8.00%.

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*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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