Compare Indian Bank vs Canara Bank Home Loan
Compare Home Loan EMI of Indian Bank and Canara Bank
| Loan Amount | Indian Bank | Canara Bank |
|---|---|---|
| ₹ 10 Lakh | ₹ 8,087 | ₹ 6,687 |
| ₹ 25 Lakh | ₹ 20,216 | ₹ 16,717 |
| ₹ 30 Lakh | ₹ 24,260 | ₹ 20,060 |
| ₹ 50 Lakh | ₹ 40,433 | ₹ 33,433 |
Which is a better bank for Home Loan – Canara Bank or Indian Bank?
Canara Bank offers lower Home Loan EMI at ₹ 669 on a Home Loan for 30 Years as compared to Indian Bank with a minimum EMI of ₹ 809 for 20 Years. Average customer ratings for Canara Bank is currently at 5/5.0 which makes it a good choice for taking a Home Loan.
How does Canara Bank Home Loan compare with Indian Bank Home Loan?
It is important to do a detailed comparison of Canara Bank and Indian 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:
Which bank offers a lower interest rate on Home Loan – Canara Bank or Indian Bank?
As per the current rates, Canara Bank offers a lower interest rate of 7.05% on Home Loan when compared to Indian Bank which offers a Home Loan at 7.55%.
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Compare Indian Bank Home Loan With Other Banks
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- 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
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
The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21. - 2022-05-03 : HDFC Profit Rises by 16% for Q4 of FY 2022
Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII). - 2022-05-02 : HDFC Increase Interest Rates on Home Loans
The lender has hiked the lending rates by 5 basis points for existing customers. The adjustable-rate home loans for new customers with a credit score of above 750, however, will continue to be 6.70 percent. - 2022-05-02 : Union Bank Becomes the First Public Sector Bank to Go Live on Account Aggregator Framework.
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.
