Compare Home Loan - Syndicate Bank vs Bank of Baroda
Compare EMI of Syndicate Bank and Bank of Baroda Home Loan
| Loan Amount | Syndicate Bank | Bank of Baroda |
|---|---|---|
| ₹ 10 Lakh | ₹ 6,619 | ₹ 6,486 |
| ₹ 25 Lakh | ₹ 16,549 | ₹ 16,215 |
| ₹ 30 Lakh | ₹ 19,858 | ₹ 19,458 |
| ₹ 50 Lakh | ₹ 33,097 | ₹ 32,430 |
Which is a better bank for Home Loan – Bank of Baroda or Syndicate Bank?
Bank of Baroda offers lower Home Loan EMI at ₹ 649 on a Home Loan for 30 Years as compared to Syndicate Bank with a minimum EMI of ₹ 662 for 30 Years. Average customer ratings for Bank of Baroda is currently at 4.3/5.0 which makes it a good choice for taking a Home Loan.
How does Bank of Baroda Home Loan compare with Syndicate Bank Home Loan?
It is important to do a detailed comparison of Bank of Baroda 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:
Which bank offers lower interest rate on Home Loan – Bank of Baroda or Syndicate Bank?
As per the current rates, Bank of Baroda offers a lower interest rate of 6.75% on Home Loan when compared to Syndicate Bank which offers a Home Loan at 6.95%.
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- 2021-06-14 : 76% increase in Home Loans in the March quarter
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. - 2021-06-14 : IDFC First Bank’s helping hand for the covid-affected families of employees
To help the families of employees who lost their lives due to covid, IDFC First Bank is offering compensation of upto 4 times of the CTC along with a salary of two years. Along with that, the bank is also wavering the loans of such employees to reduce the burden on the employees’ family. - 2021-06-10 : Rural Loan Collections to be affected by the Second wave
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. - 2021-06-09 : Growth of upto 18% expected by IIFL Home Finance on loans
IIFL Home Finance expects a growth on its loan book which includes Home loans and Loan against property of upto 18%. - 2021-06-09 : IIFL Home Finance signs MOU with Central bank of India
IIFL Home Finance signed a MOU with Central bank of India for co-lending. The Central bank will be providing 80% of the loan amount of IIFL.
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