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Compare RBL Bank vs Bajaj Home Finance Home Loan

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Bank
Interest Rate
Interest Rate
9.50% - 10.20%
6.65% - 6.75%
Processing Fees
Processing Fees
Upto 1.50%
Upto 0.30%
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 3.50 Cr
Maximum Tenure
Maximum Tenure
25 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 874
₹ 754
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
1_year MCLR
PLR
Minimum Age
Minimum Age
24 Years
25 Years
Maximum Age
Maximum Age
65 Years
70 Years
For Women
For Women
N
N
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.9/5.0
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Compare Home Loan EMI of RBL Bank and Bajaj Home Finance

Loan Amount RBL Bank Bajaj Home Finance
₹ 10 Lakh ₹ 8,737 ₹ 7,544
₹ 25 Lakh ₹ 21,842 ₹ 18,861
₹ 30 Lakh ₹ 26,211 ₹ 22,633
₹ 50 Lakh ₹ 43,685 ₹ 37,722

Which is a better bank for Home Loan – Bajaj Home Finance or RBL Bank?

Bajaj Home Finance offers lower Home Loan EMI at ₹ 754 on a Home Loan for 20 Years as compared to RBL Bank with a minimum EMI of ₹ 874 for 25 Years. Average customer ratings for Bajaj Home Finance is currently at 4.9/5.0 which makes it a good choice for taking a Home Loan.

How does Bajaj Home Finance Home Loan compare with RBL Bank Home Loan?

It is important to do a detailed comparison of Bajaj Home Finance 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 Bajaj Home Finance Home Loan is 6.65%, which is lower than the lowest interest rate of RBL Bank at 9.50% and hence, Bajaj Home Finance is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Bajaj Home Finance charges a lower processing fees of 0.30% of the loan amount vs RBL Bank with a processing fees of 1.50% of loan amount.
  • Bajaj Home Finance is a with its Home Loan rates benchmarked to PLR. RBL Bank is a with its home loan rates benchmarked to MCLR.
  • Bajaj Home Finance has an average customer ratings of 4.9, while has an average customer rating of , based on which it is clear that Bajaj Home Finance 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 – Bajaj Home Finance or RBL Bank?

As per the current rates, Bajaj Home Finance offers a lower interest rate of 6.65% on Home Loan when compared to RBL Bank which offers a Home Loan at 9.50%.

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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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