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Compare IDFC First Bank vs Syndicate Bank Home Loan

Download Comparison
Bank
Interest Rate
Interest Rate
6.90% - 6.90%
6.95% - 8.90%
Processing Fees
Processing Fees
Min ₹ 5,000; Max ₹ 5,000
Upto 0.13%
Min ₹ 500; Max ₹ 5,000
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
₹ 659
₹ 662
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
RLLR
RLLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
For Women
For Women
N
N
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Home Loan EMI of IDFC First Bank and Syndicate Bank

Loan Amount IDFC First Bank Syndicate Bank
₹ 10 Lakh ₹ 6,586 ₹ 6,619
₹ 25 Lakh ₹ 16,465 ₹ 16,549
₹ 30 Lakh ₹ 19,758 ₹ 19,858
₹ 50 Lakh ₹ 32,930 ₹ 33,097

Which is a better bank for Home Loan – IDFC First Bank or Syndicate Bank?

IDFC First Bank offers lower Home Loan EMI at ₹ 659 on a Home Loan for 30 Years as compared to Syndicate Bank with a minimum EMI of ₹ 662 for 30 Years. Average customer ratings for IDFC First Bank is currently at /5.0 which makes it a good choice for taking a Home Loan.

How does IDFC First Bank Home Loan compare with Syndicate Bank Home Loan?

It is important to do a detailed comparison of IDFC First Bank and Syndicate 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 IDFC First Bank Home Loan is 6.90%, which is lower than the lowest interest rate of Syndicate Bank at 6.95% and hence, IDFC First Bank is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, IDFC First Bank charges a lower processing fees of Nil vs Syndicate Bank with a processing fees of 0.13% of loan amount.
  • IDFC First Bank is a with its Home Loan rates benchmarked to RLLR. On the other hand, Syndicate 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.
  • 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 – IDFC First Bank or Syndicate Bank?

As per the current rates, IDFC First Bank offers a lower interest rate of 6.90% on Home Loan when compared to Syndicate Bank which offers a Home Loan at 6.95%.

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Home Loan News - Sep 2021
  • 2021-09-27 : PNB Housing Finance Revises Home Loan Rates
    PNB Housing Finance has revised home loan rates for borrowers. A borrower can get an interest rate of 7.20% with a credit score above 800. A self employed can get loan at 7.40%, there is no change in rates of Unnati Home Loans.
  • 2021-09-24 : ICICI Bank Revises Home Loan Interest Rate
    ICICI Bank has cut home loan interest to 6.70%. The lowest rate for salaried is 6.70% and self-employed is 6.80%. If a borrower has a low credit score then they will have to pay 7.40% of the principal amount.
  • 2021-09-24 : LIC Housing Finance Announces New Home Loan Rates
    LIC Housing Finance has slashed the home loan rate to 6.66% for loans up to Rs 2 crore. These rates will be offered to the borrowers who have a credit score above 700 and it is valid till November 30, 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.
*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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