MyLoanCare is a FREE of cost service for borrowers

Get Voucher of Upto ₹1,000* on Home Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Lakshmi Vilas Bank vs Reliance Capital Home Loan

Download Comparison
Bank
Interest Rate
Interest Rate
8.55% - 8.55%
9.75% - 11.00%
Processing Fees
Processing Fees
Upto 0.40%
Min ₹ 10,000; Max ₹ 20,000
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
₹ 871
₹ 949
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
RLLR
PLR
Minimum Age
Minimum Age
21 Years
21 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)
4/5.0
Add Bank

Compare Home Loan EMI of Lakshmi Vilas Bank and Reliance Capital

Loan Amount Lakshmi Vilas Bank Reliance Capital
₹ 10 Lakh ₹ 8,710 ₹ 9,485
₹ 25 Lakh ₹ 21,775 ₹ 23,713
₹ 30 Lakh ₹ 26,130 ₹ 28,456
₹ 50 Lakh ₹ 43,550 ₹ 47,426

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

Lakshmi Vilas Bank offers lower Home Loan EMI at ₹ 871 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 Lakshmi Vilas 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 Reliance Capital Home Loan?

It is important to do a detailed comparison of Lakshmi Vilas 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 Lakshmi Vilas Bank Home Loan is 8.55%, which is lower than the lowest interest rate of Reliance Capital at 9.75% 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 Reliance Capital with a processing fees of 0.50% of loan amount.
  • Lakshmi Vilas 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 has an average customer rating of , based on which it is clear that Reliance Capital has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • 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 Reliance Capital?

As per the current rates, Lakshmi Vilas Bank offers a lower interest rate of 8.55% on Home Loan when compared to Reliance Capital which offers a Home Loan at 9.75%.

Popular Search for Lakshmi Vilas Bank Home Loan

Popular Search for Reliance Capital Home Loan

Compare Lakshmi Vilas Bank Home Loan With Other Banks

Compare Reliance Capital Home Loan With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 8.15%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 8.10%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
Home Loan News - Aug 2022
  • 2022-08-17 : Hike in lending rate will affect SBI’s Home Loan EMIs.
    State Bank of India raised its marginal cost of funds based lending rate (MCLR) by 20 basis points (bps) across tenures. MCLR for one year is now at 7.70% compared to 7.50% previously. Since April 2022, the country’s largest bank has cumulatively hiked MCLR by 70 basis points. The bank has also increased its repo-linked lending rate (RLLR) and external benchmark lending rate (EBLR) by 50 bps to 7.65%.
  • 2022-08-09 : HDFC hikes MCRL by upto 10 bps on all loan tenures.
    With the effect of the 50bps hike by RBI in key policy rates, private sector lender HDFC increased its marginal cost of funds-based lending rates on loans across all tenures by upto 10 basis points. The one-year MCLR will now be 8.10% compared to 8.00% previously.
  • 2022-08-09 : Hike in lending rate by 25 basis points, home loans to be costlier.
    HDFC ltd. announced an increase in its benchmark lending rate by 25 basis points, a move that is likely to make loans dearer for both existing and new borrowers. The best home loans will be available at 7.8% compared to 7.55% previously. The move came after the RBI hiked the lending rate by 50 bps to 5.40% in its effort to cool down rising inflation.
  • 2022-07-22 : SBI hikes lending rates, loan EMIs to rise.
    Increase in SBI’s Marginal Cost Lending Rates on loans by 10 basis points. The new lending rates will come into effect from 15th July 2022. For one year tenure, MCLR increased to 7.5% from the current 7.4%, and retail loans for cars, houses, or personal loans tend to go higher, affecting monthly loan installments.
  • 2022-06-16 : Maharashtra Government Revises Income Slabs
    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.
*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
Loader
Please wait while your information is being processed...