Compare Home Loan - Indian Overseas Bank vs Dhan Laxmi Bank
Compare EMI of Indian Overseas Bank and Dhan Laxmi Bank Home Loan
| Loan Amount | Indian Overseas Bank | Dhan Laxmi Bank |
|---|---|---|
| ₹ 10 Lakh | ₹ 6,687 | ₹ 7,995 |
| ₹ 25 Lakh | ₹ 16,717 | ₹ 19,987 |
| ₹ 30 Lakh | ₹ 20,060 | ₹ 23,985 |
| ₹ 50 Lakh | ₹ 33,433 | ₹ 39,974 |
Which is a better bank for Home Loan – Indian Overseas Bank or Dhan Laxmi Bank?
Indian Overseas Bank offers lower Home Loan EMI at ₹ 669 on a Home Loan for 30 Years as compared to Dhan Laxmi Bank with a minimum EMI of ₹ 799 for 20 Years. Average customer ratings for Indian Overseas Bank is currently at 2.5/5.0 which makes it a good choice for taking a Home Loan.
How does Indian Overseas Bank Home Loan compare with Dhan Laxmi Bank Home Loan?
It is important to do a detailed comparison of Indian Overseas Bank and Home Loan on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own 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 lower interest rate on Home Loan – Indian Overseas Bank or Dhan Laxmi Bank?
As per the current rates, Indian Overseas Bank offers a lower interest rate of 7.05% on Home Loan when compared to Dhan Laxmi Bank which offers a Home Loan at 7.40%.
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- 2021-06-16 : Ujjivan Small Finance Bank collaborates with MoEngage
Ujjivan Small Finance Bank has collaborated with customer engagement platform MoEngage to provide digital banking services in remote areas of the country. The aim is to build a wide presence of the bank with customers in the unserved regions through digital services. - 2021-06-15 : Indian Overseas Bank declared a profit of Rs 831 crore
IOB closed the last fiscal with a net profit of Rs.831 crore as against a net loss of about Rs.8,527 crore. The total income for the year ended 31.03.2021 stands at Rs.22,525 crore as against Rs.20,766 crore for FY20. IOB plans to come up with Prompt Corrective Action to focus on loan recovery, low-cost deposits and less capital consuming advances. - 2021-06-14 : 76% increase in Home Loans in the March quarter
Home loans sanctioned by banks and NBFCs grew 76% to Rs 79,043 crore in the quarter ended March 2021. Steps like reduction in stamp duties by the government immensely increased the demand for Home Loans. - 2021-06-14 : IDFC First Bank’s helping hand for the covid-affected families of employees
To help the families of employees who lost their lives due to covid, IDFC First Bank is offering compensation of upto 4 times of the CTC along with a salary of two years. Along with that, the bank is also wavering the loans of such employees to reduce the burden on the employees’ family. - 2021-06-10 : Rural Loan Collections to be affected by the Second wave
As the borrowers are continuously facing the issues created by the pandemic, India Ratings - a rating agency reported that the collections of Rural Loan which includes Home Loan, Loan Against Property, Business Loan, Personal Loan, etc. will be vastly affected because of the second wave of Covid-19.
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