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Compare Indian Bank vs Reliance Capital Home Loan

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Bank
Interest Rate
Interest Rate
7.55% - 7.85%
9.75% - 11.00%
Processing Fees
Processing Fees
Upto 0.23%
Max ₹ 20,381
Upto 0.50%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 100 Cr
Maximum Tenure
Maximum Tenure
20 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 809
₹ 949
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
RLLR
PLR
Minimum Age
Minimum Age
18 Years
21 Years
Maximum Age
Maximum Age
60 Years
65 Years
For Women
For Women
Y
N
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3/5.0
4/5.0
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Compare Home Loan EMI of Indian Bank and Reliance Capital

Loan Amount Indian Bank Reliance Capital
₹ 10 Lakh ₹ 8,087 ₹ 9,485
₹ 25 Lakh ₹ 20,216 ₹ 23,713
₹ 30 Lakh ₹ 24,260 ₹ 28,456
₹ 50 Lakh ₹ 40,433 ₹ 47,426

Which is a better bank for Home Loan – Indian Bank or Reliance Capital?

Indian Bank offers lower Home Loan EMI at ₹ 809 on a Home Loan for 20 Years as compared to Reliance Capital with a minimum EMI of ₹ 949 for 20 Years. Average customer ratings for Indian Bank is currently at 3/5.0 which makes it a good choice for taking a Home Loan.

How does Indian Bank Home Loan compare with Reliance Capital Home Loan?

It is important to do a detailed comparison of Indian Bank and Reliance Capital 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 Indian Bank Home Loan is 7.55%, which is lower than the lowest interest rate of Reliance Capital at 9.75% and hence, Indian Bank is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Indian Bank charges a lower processing fees of 0.23% of the loan amount vs Reliance Capital with a processing fees of 0.50% of loan amount.
  • Indian Bank is a with its Home Loan rates benchmarked to RLLR. Reliance Capital is a with its home loan rates benchmarked to PLR.
  • Reliance Capital has an average customer ratings of 4, while Indian Bank has an average customer rating of 3, based on which it is clear that Reliance Capital has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • Indian Bank offers special discounted rate Home Loan schemes for women, while Reliance Capital currently doesn’t have such schemes for women. Hence, women borrowers should consider Indian Bank.

Which bank offers a lower interest rate on Home Loan – Indian Bank or Reliance Capital?

As per the current rates, Indian Bank offers a lower interest rate of 7.55% on Home Loan when compared to Reliance Capital which offers a Home Loan at 9.75%.

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Home Loan News - Sep 2021
  • 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.
  • 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.
*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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