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Compare IIFL vs HSBC Bank Home Loan

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Interest Rate
Interest Rate
8.20% - 8.20%
6.45% - 6.45%
Processing Fees
Processing Fees
Upto 1.25%
Upto 1.00%
Max ₹ 10,000
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 10 Cr
Maximum Tenure
Maximum Tenure
30 Years
25 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 748
₹ 672
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
Minimum Age
Minimum Age
18 Years
21 Years
Maximum Age
Maximum Age
70 Years
65 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 IIFL and HSBC Bank

Loan Amount IIFL HSBC Bank
₹ 10 Lakh ₹ 7,478 ₹ 6,721
₹ 25 Lakh ₹ 18,694 ₹ 16,802
₹ 30 Lakh ₹ 22,433 ₹ 20,163
₹ 50 Lakh ₹ 37,388 ₹ 33,604

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

HSBC Bank offers lower Home Loan EMI at ₹ 672 on a Home Loan for 25 Years as compared to IIFL with a minimum EMI of ₹ 748 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 6.45%, which is lower than the lowest interest rate of IIFL at 8.20% 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 6.45% on Home Loan when compared to IIFL which offers a Home Loan at 8.20%.

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    The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
  • 2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
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  • 2022-05-02 : HDFC Increase Interest Rates on Home Loans
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    The Account Aggregator Framework has linked 332,000 accounts and has fulfilled over 310,000 consent requests since it has gone live. AA ensures swift data sharing with the consent of the user and eliminates the need for physical documents.
*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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