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Compare Home Loan - LT Housing Finance vs Lakshmi Vilas Bank

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Interest Rate
Interest Rate
7.70% - 8.45%
9.70% - 9.70%
Processing Fees
Processing Fees
Upto 2.00%
Min ₹ 4,999;
Upto 0.40%
Min ₹ 10,000; Max ₹ 20,000
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
30 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 713
₹ 945
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
Minimum Age
Minimum Age
25 Years
21 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 EMI of LT Housing Finance and Lakshmi Vilas Bank Home Loan

Loan Amount LT Housing Finance Lakshmi Vilas Bank
₹ 10 Lakh ₹ 7,130 ₹ 9,452
₹ 25 Lakh ₹ 17,824 ₹ 23,631
₹ 30 Lakh ₹ 21,389 ₹ 28,357
₹ 50 Lakh ₹ 35,648 ₹ 47,262

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

LT Housing Finance offers lower Home Loan EMI at ₹ 713 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 LT Housing Finance is currently at 4/5.0 which makes it a good choice for taking a Home Loan.

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

It is important to do a detailed comparison of LT Housing Finance 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:

  • Lowest Interest rate of LT Housing Finance Home Loan is 7.70%, which is lower than the lowest interest rate of Lakshmi Vilas Bank at 9.70% and hence, LT Housing Finance 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 LT Housing Finance with a processing fees of 2.00% of loan amount.
  • LT Housing Finance has a maximum processing fee of ₹ 4,999 compared to Lakshmi Vilas Bank with higher processing fees of ₹ 20,000. Hence, customers looking for a higher loan amount will get a benefit on processing fees by opting for LT Housing Finance.
  • Lakshmi Vilas Bank is a Private Bank with its Home Loan rates benchmarked to RLLR. LT Housing Finance is a HFC with its home loan rates benchmarked to PLR.
  • LT Housing Finance with an average customer ratings of 4 is equally comparable to Lakshmi Vilas Bank with an average customer rating of 4, 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 lower interest rate on Home Loan – LT Housing Finance or Lakshmi Vilas Bank?

As per the current rates, LT Housing Finance offers a lower interest rate of 7.70% on Home Loan when compared to Lakshmi Vilas Bank which offers a Home Loan at 9.70%.

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    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.
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    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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*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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