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Compare Lakshmi Vilas Bank vs RBL Bank Home Loan

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Interest Rate
Interest Rate
8.55% - 8.55%
8.70% - 10.30%
Processing Fees
Processing Fees
Upto 0.40%
Min ₹ 10,000; Max ₹ 20,000
Upto 1.50%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 10 Cr
Maximum Tenure
Maximum Tenure
20 Years
25 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 871
₹ 819
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
1_year MCLR
Minimum Age
Minimum Age
21 Years
24 Years
Maximum Age
Maximum Age
65 Years
65 Years
For Women
For Women
Overdraft Facility
Overdraft Facility
Y - OD
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Home Loan EMI of Lakshmi Vilas Bank and RBL Bank

Loan Amount Lakshmi Vilas Bank RBL Bank
₹ 10 Lakh ₹ 8,710 ₹ 8,187
₹ 25 Lakh ₹ 21,775 ₹ 20,469
₹ 30 Lakh ₹ 26,130 ₹ 24,562
₹ 50 Lakh ₹ 43,550 ₹ 40,937

Which is a better bank for Home Loan – Lakshmi Vilas Bank or RBL Bank?

RBL Bank offers lower Home Loan EMI at ₹ 819 on a Home Loan for 25 Years as compared to Lakshmi Vilas Bank with a minimum EMI of ₹ 871 for 20 Years. Average customer ratings for RBL Bank is currently at /5.0 which makes it a good choice for taking a Home Loan.

How does Lakshmi Vilas Bank Home Loan compare with RBL Bank Home Loan?

It is important to do a detailed comparison of Lakshmi Vilas Bank and RBL 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 Lakshmi Vilas Bank Home Loan is 8.55%, which is lower than the lowest interest rate of RBL Bank at 8.70% and hence, Lakshmi Vilas Bank is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Lakshmi Vilas Bank charges a lower processing fees of 0.40% of the loan amount vs RBL Bank with a processing fees of 1.50% of loan amount.
  • Lakshmi Vilas Bank is a with its Home Loan rates benchmarked to RLLR. RBL Bank is a with its home loan rates benchmarked to MCLR.
  • 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 – Lakshmi Vilas Bank or RBL Bank?

As per the current rates, Lakshmi Vilas Bank offers a lower interest rate of 8.55% on Home Loan when compared to RBL Bank which offers a Home Loan at 8.70%.

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Home Loan News - Aug 2022
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    The annual income slab for the economically weaker section (EWS) has been increased to Rs 6 lakh, and Rs 4.5 lakh for those residing in Mumbai, Pune, and Nagpur Metropolitan Region and the rest of the state respectively.
  • 2022-06-16 : SBI Increases Lowest Interest Rates for Home Loans
    The bank has raised minimum rate for home loans to 7.55% two weeks after the increase of Repo Rate.
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    The Central Government has extended the PMAY Scheme-Urban till September 2022 in Maharashtra.
  • 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
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    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.
*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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