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Compare IDBI Bank vs Punjab and Sind Bank Home Loan

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Bank
Interest Rate
Interest Rate
6.95% - 8.55%
8.05% - 8.40%
Processing Fees
Processing Fees
Upto 0.50%
Min ₹ 2,500;
Upto 0.25%
Min ₹ 1,000; Max ₹ 15,000
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
30 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 662
₹ 737
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
RLLR
RLLR
Minimum Age
Minimum Age
25 Years
21 Years
Maximum Age
Maximum Age
70 Years
70 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
2.5/5.0
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Compare Home Loan EMI of IDBI Bank and Punjab and Sind Bank

Loan Amount IDBI Bank Punjab and Sind Bank
₹ 10 Lakh ₹ 6,619 ₹ 7,373
₹ 25 Lakh ₹ 16,549 ₹ 18,431
₹ 30 Lakh ₹ 19,858 ₹ 22,118
₹ 50 Lakh ₹ 33,097 ₹ 36,863

Which is a better bank for Home Loan – IDBI Bank or Punjab and Sind Bank?

IDBI Bank offers lower Home Loan EMI at ₹ 662 on a Home Loan for 30 Years as compared to Punjab and Sind Bank with a minimum EMI of ₹ 737 for 30 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 Punjab and Sind Bank Home Loan?

It is important to do a detailed comparison of IDBI Bank and Punjab and Sind 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 IDBI Bank Home Loan is 6.95%, which is lower than the lowest interest rate of Punjab and Sind Bank at 8.05% and hence, IDBI Bank is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Punjab and Sind Bank 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. On the other hand, Punjab and Sind Bank is a with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
  • IDBI Bank has an average customer ratings of 4.3, while Punjab and Sind Bank has an average customer rating of 2.5, 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 Punjab and Sind Bank?

As per the current rates, IDBI Bank offers a lower interest rate of 6.95% on Home Loan when compared to Punjab and Sind Bank which offers a Home Loan at 8.05%.

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Home Loan News - Sep 2021
  • 2021-09-21 : HDFC Bank Introduce Festival Bonanza Offer
    HDFC Bank has come up with a festival bonanza offer which is valid till October 31, 2021. The lender has cut home loan interest rate to 6.70%, the special rate is linked to borrowers credit score.
  • 2021-09-20 : PNB Introduces Festival Bonanza Offer
    Punjab National Bank (PNB) has introduced a festival bonanza offer under which they reduced home loan interest to 6.80%. Also, the lender has waived off processing fees and documentation charges on all retail loans like home loans, personal loans, car loans, gold loans, property loans. These charges are valid till December 31, 2021.
  • 2021-09-17 : Bank of Baroda Slashes Home Loan Interest Rate
    Bank of Baroda (BOB) has introduced a festive offer #KhushiyonKaShreeGanesh. The lender has reduced the home loan interest rate to 6.75%. Along with a slashed interest rate the bank has also waived off processing fees.
  • 2021-09-17 : SBI Bring Down Home Loan Interest Rate
    State Bank of India (SBI) has slashed home loan interest rate by 45 bps (basis points). A customer whose cibil score is above 800 can get a home loan at a lowest rate of 6.70% and whose score is in between 750-800 will get a loan at a rate of 6.80%.
  • 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%.
*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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