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Compare OBC vs India Shelters Home Loan

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Interest Rate
Interest Rate
8.25% - 8.80%
12.00% - 20.00%
Processing Fees
Processing Fees
Upto 0.50%
Max ₹ 20,000
Upto 2.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 3 Cr
₹ 1 Cr
Maximum Tenure
Maximum Tenure
25 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 788
₹ 1,101
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
Minimum Age
Minimum Age
18 Years
21 Years
Maximum Age
Maximum Age
60 Years
65 Years
For Women
For Women
Overdraft Facility
Overdraft Facility
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Home Loan EMI of OBC and India Shelters

Loan Amount OBC India Shelters
₹ 10 Lakh ₹ 7,884 ₹ 11,011
₹ 25 Lakh ₹ 19,711 ₹ 27,527
₹ 30 Lakh ₹ 23,654 ₹ 33,033
₹ 50 Lakh ₹ 39,423 ₹ 55,054

Which is a better bank for Home Loan – OBC or India Shelters?

OBC offers lower Home Loan EMI at ₹ 788 on a Home Loan for 25 Years as compared to India Shelters with a minimum EMI of ₹ 1,101 for 20 Years. Average customer ratings for OBC is currently at 2.5/5.0 which makes it a good choice for taking a Home Loan.

How does OBC Home Loan compare with India Shelters Home Loan?

It is important to do a detailed comparison of OBC and India Shelters 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 OBC Home Loan is 8.25%, which is lower than the lowest interest rate of India Shelters at 12.00% and hence, OBC is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, OBC charges a lower processing fees of 0.50% of the loan amount vs India Shelters with a processing fees of 2.00% of loan amount.
  • OBC is a with its Home Loan rates benchmarked to RLLR. India Shelters is a with its home loan rates benchmarked to PLR.
  • India Shelters has an average customer ratings of 3, while OBC has an average customer rating of 2.5, based on which it is clear that India Shelters has a high customer service focus, an easy Home Loan process and a quick turnaround.

Which bank offers a lower interest rate on Home Loan – OBC or India Shelters?

As per the current rates, OBC offers a lower interest rate of 8.25% on Home Loan when compared to India Shelters which offers a Home Loan at 12.00%.

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Home Loan News - Dec 2022
  • 2022-11-14 : BoB lowers home loan rates by 25 basis points to 8.25%
    Bank of Baroda lowered its home loan rates by 25 basis points to 8.25 per cent and also waived the processing fee under a limited period offer. Ours is one of the lowest and most competitive home loan interest rates in the industry now and in addition to the 25 bps discount on the interest rate, we are also waiving off the processing charges completely," HT Solanki, general manager, said.
  • 2022-11-02 : Karnataka Bank Registers Net Profit in the Q2 of 2022-23
    The bank has registered a net profit of ₹411.63 crores in the Q2 of 2022-23. In the corresponding quarter, it saw ₹125.61 crores, thus registering a growth of 227.70 percent.
  • 2022-10-18 : SBI slashes interest rate on savings accounts by 5 bps to 2.70%.
    State Bank of India (SBI) has trimmed interest rate by 5 basis points for savings deposits below ₹10 crore. However, the bank hiked the rate by 25 basis points on savings from ₹10 crore and above. The bank is offering 2.7% rates per annum on savings balances less than ₹10 crore effective from October 15. This is 5% basis points lower from the previous rate of 2.75% per annum.
  • 2022-10-04 : Karnataka Bank Launches Special Offers for Various Products
    Karnataka Bank launched a KBL Utsav 2022-23 campaign for home, car, and gold loans from October 1 to December 31. Under the campaign, customers can avail of home, car, and gold loans with attractive interest rates, reduced processing charges for car and gold loans, and nil processing charges for a home loan.
  • 2022-10-03 : Top Banks Hikes Home Loan Interest Rates
    After a 0.50% hike in Repo Rate by the Reserve Bank of India, the Home Loan EMI for top banks such as SBI, HDFC, and ICICI has also increased. As a result, the home loan is expected to become expensive for other banks.
*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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