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Compare IIFL vs Karur Vysya Bank Home Loan

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Bank
Interest Rate
Interest Rate
8.20% - 8.20%
7.15% - 9.35%
Processing Fees
Processing Fees
Upto 1.25%
Min ₹ 5,000;
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
30 Years
25 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 748
₹ 716
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
PLR
RLLR
Minimum Age
Minimum Age
18 Years
21 Years
Maximum Age
Maximum Age
70 Years
65 Years
For Women
For Women
N
N
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3/5.0
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Compare Home Loan EMI of IIFL and Karur Vysya Bank

Loan Amount IIFL Karur Vysya Bank
₹ 10 Lakh ₹ 7,478 ₹ 7,164
₹ 25 Lakh ₹ 18,694 ₹ 17,909
₹ 30 Lakh ₹ 22,433 ₹ 21,491
₹ 50 Lakh ₹ 37,388 ₹ 35,819

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

Karur Vysya Bank offers lower Home Loan EMI at ₹ 716 on a Home Loan for 25 Years as compared to IIFL with a minimum EMI of ₹ 748 for 30 Years. Average customer ratings for Karur Vysya Bank is currently at 3/5.0 which makes it a good choice for taking a Home Loan.

How does Karur Vysya Bank Home Loan compare with IIFL Home Loan?

It is important to do a detailed comparison of Karur Vysya 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 Karur Vysya Bank Home Loan is 7.15%, which is lower than the lowest interest rate of IIFL at 8.20% and hence, Karur Vysya Bank is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Karur Vysya Bank charges a lower processing fees of Nil vs IIFL with a processing fees of 1.25% of loan amount.
  • Karur Vysya Bank is a with its Home Loan rates benchmarked to RLLR. IIFL is a with its home loan rates benchmarked to PLR.
  • Karur Vysya Bank has an average customer ratings of 3, while has an average customer rating of , based on which it is clear that Karur Vysya Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.

Which bank offers a lower interest rate on Home Loan – Karur Vysya Bank or IIFL?

As per the current rates, Karur Vysya Bank offers a lower interest rate of 7.15% on Home Loan when compared to IIFL which offers a Home Loan at 8.20%.

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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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