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 RBL Bank vs Standard Chartered Bank Home Loan

Download Comparison
Bank
Interest Rate
Interest Rate
8.70% - 10.30%
7.49% - 7.49%
Processing Fees
Processing Fees
Upto 1.50%
Upto 1.00%
Min ₹ 5,000; Max ₹ 10,000
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 15 Cr
Maximum Tenure
Maximum Tenure
25 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 819
₹ 805
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
1_year MCLR
3_month MCLR
Minimum Age
Minimum Age
24 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
For Women
For Women
N
Y
Overdraft Facility
Overdraft Facility
N
Y - Home Saver
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.8/5.0
Add Bank

Compare Home Loan EMI of RBL Bank and Standard Chartered Bank

Loan Amount RBL Bank Standard Chartered Bank
₹ 10 Lakh ₹ 8,187 ₹ 8,050
₹ 25 Lakh ₹ 20,469 ₹ 20,125
₹ 30 Lakh ₹ 24,562 ₹ 24,149
₹ 50 Lakh ₹ 40,937 ₹ 40,249

Which is a better bank for Home Loan – Standard Chartered Bank or RBL Bank?

Standard Chartered Bank offers lower Home Loan EMI at ₹ 805 on a Home Loan for 20 Years as compared to RBL Bank with a minimum EMI of ₹ 819 for 25 Years. Average customer ratings for Standard Chartered Bank is currently at 4.8/5.0 which makes it a good choice for taking a Home Loan.

How does Standard Chartered Bank Home Loan compare with RBL Bank Home Loan?

It is important to do a detailed comparison of Standard Chartered 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 Standard Chartered Bank Home Loan is 7.49%, which is lower than the lowest interest rate of RBL Bank at 8.70% and hence, Standard Chartered Bank is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Standard Chartered Bank charges a lower processing fees of 1.00% of the loan amount vs RBL Bank with a processing fees of 1.50% of loan amount.
  • RBL Bank is a with its Home Loan rates benchmarked to MCLR. On the other hand, Standard Chartered Bank is a with its home loan rates benchmarked to MCLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
  • Standard Chartered Bank has an average customer ratings of 4.8, while has an average customer rating of , based on which it is clear that Standard Chartered Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • Standard Chartered Bank offers special discounted rate Home Loan schemes for women, while RBL Bank currently doesn’t have such schemes for women. Hence, women borrowers should consider Standard Chartered Bank.
  • One unique feature of Standard Chartered 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 – Standard Chartered Bank or RBL Bank?

As per the current rates, Standard Chartered Bank offers a lower interest rate of 7.49% on Home Loan when compared to RBL Bank which offers a Home Loan at 8.70%.

Popular Search for RBL Bank Home Loan

Popular Search for Standard Chartered Bank Home Loan

Compare RBL Bank Home Loan With Other Banks

Compare Standard Chartered Bank Home Loan With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 7.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.49% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 7.60% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 7.95%. 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 - Oct 2022
  • 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.
  • 2022-09-12 : Indian Overseas Bank raises MCLR rates by up to 0.10%
    Indian Overseas Bank has revised upwards the MCLR rates by 0.10 per cent across tenors. The benchmark 1-year tenor marginal cost of funds based lending rate (MCLR) has been revised to 7.75 per cent against the existing rate of 7.65 per cent. The two and three-year MCLRs have been hiked by a similar margin to 7.80 per cent each.
  • 2022-09-12 : HDFC Bank slashes home loan processing fee by 75% for govt staff
    The largest private sector lender has rolled out a special offer for the government employees. HDFC Bank is offering 75 percent off on home loans’ processing fee for government employees. Customers can avail the offer for home loans up to Rs 50 lakh. The discount is available only for government employees with a credit score of 800 and above.
  • 2022-09-12 : Union Bank of India hikes interest rates - home, car EMIs set to rise
    Union Bank of India has increased its marginal cost-based lending rate (MCLR) in the range of 0.05 per cent to 0.35 per cent, which would make the loans from the bank more expensive. MCLR rates for overnight and one-month tenures to 7.00 per cent and 7.15 per cent, thus increasing them by 5 bps. For the three-month tenure, the rates are the same as before and are at 7.25 per cent.
*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...