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Compare Lakshmi Vilas Bank vs Piramal Housing Finance Home Loan

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Bank
Interest Rate
Interest Rate
9.70% - 9.70%
9.00% - 9.00%
Processing Fees
Processing Fees
Upto 0.40%
Min ₹ 10,000; Max ₹ 20,000
Upto 0.10%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
20 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 945
₹ 805
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
RLLR
PLR
Minimum Age
Minimum Age
21 Years
23 Years
Maximum Age
Maximum Age
65 Years
65 Years
For Women
For Women
N
N
Overdraft Facility
Overdraft Facility
Y - OD
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Home Loan EMI of Lakshmi Vilas Bank and Piramal Housing Finance

Loan Amount Lakshmi Vilas Bank Piramal Housing Finance
₹ 10 Lakh ₹ 9,452 ₹ 8,046
₹ 25 Lakh ₹ 23,631 ₹ 20,116
₹ 30 Lakh ₹ 28,357 ₹ 24,139
₹ 50 Lakh ₹ 47,262 ₹ 40,231

Which is a better bank for Home Loan – Piramal Housing Finance or Lakshmi Vilas Bank?

Piramal Housing Finance offers lower Home Loan EMI at ₹ 805 on a Home Loan for 30 Years as compared to Lakshmi Vilas Bank with a minimum EMI of ₹ 945 for 20 Years. Average customer ratings for Piramal Housing Finance is currently at /5.0 which makes it a good choice for taking a Home Loan.

How does Piramal Housing Finance Home Loan compare with Lakshmi Vilas Bank Home Loan?

It is important to do a detailed comparison of Piramal Housing Finance and Lakshmi Vilas 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:

  • Lowest Interest rate of Piramal Housing Finance Home Loan is 9.00%, which is lower than the lowest interest rate of Lakshmi Vilas Bank at 9.70% and hence, Piramal Housing Finance is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Piramal Housing Finance charges a lower processing fees of 0.10% of the loan amount vs Lakshmi Vilas Bank with a processing fees of 0.40% of loan amount.
  • Lakshmi Vilas Bank is a with its Home Loan rates benchmarked to RLLR. Piramal Housing Finance 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.
  • One unique feature of Lakshmi Vilas Bank is its overdraft facility which allows borrowers to minimize their interest outgo by paying interest only on the loan amount utilized. This scheme makes it an apt choice for self-employed and businessmen with fluctuating fund requirements.

Which bank offers a lower interest rate on Home Loan – Piramal Housing Finance or Lakshmi Vilas Bank?

As per the current rates, Piramal Housing Finance offers a lower interest rate of 9.00% on Home Loan when compared to Lakshmi Vilas Bank which offers a Home Loan at 9.70%.

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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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