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Compare Home Loan - Tata Capital Home Finance vs Federal Bank

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Interest Rate
Interest Rate
6.90% - 6.90%
7.65% - 7.75%
Processing Fees
Processing Fees
Upto 0.20%
Min ₹ 999;
Upto 0.50%
Min ₹ 3,000; Max ₹ 7,500
Maximum Loan Amount
Maximum Loan Amount
₹ 1 Cr
₹ 15 Cr
Maximum Tenure
Maximum Tenure
30 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 659
₹ 710
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
Minimum Age
Minimum Age
24 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
For Women
For Women
Overdraft Facility
Overdraft Facility
Y - Home Saver
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare EMI of Tata Capital Home Finance and Federal Bank Home Loan

Loan Amount Tata Capital Home Finance Federal Bank
₹ 10 Lakh ₹ 6,586 ₹ 7,095
₹ 25 Lakh ₹ 16,465 ₹ 17,738
₹ 30 Lakh ₹ 19,758 ₹ 21,285
₹ 50 Lakh ₹ 32,930 ₹ 35,476

Which is a better bank for Home Loan – Tata Capital Home Finance or Federal Bank?

Tata Capital Home Finance offers lower Home Loan EMI at ₹ 659 on a Home Loan for 30 Years as compared to Federal Bank with a minimum EMI of ₹ 710 for 30 Years. Average customer ratings for Tata Capital Home Finance is currently at /5.0 which makes it a good choice for taking a Home Loan.

How does Tata Capital Home Finance Home Loan compare with Federal Bank Home Loan?

It is important to do a detailed comparison of Tata Capital Home 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 Tata Capital Home Finance Home Loan is 6.90%, which is lower than the lowest interest rate of Federal Bank at 7.65% and hence, Tata Capital Home Finance is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Tata Capital Home Finance charges a lower processing fees of 0.20% of the loan amount vs Federal Bank with a processing fees of 0.50% of loan amount.
  • Tata Capital Home Finance has a maximum processing fee of ₹ 999 compared to Federal Bank with higher processing fees of ₹ 7,500. Hence, customers looking for a higher loan amount will get a benefit on processing fees by opting for Tata Capital Home Finance.
  • Federal Bank is a Private Bank with its Home Loan rates benchmarked to RLLR. Tata Capital Home Finance is a HFC with its home loan rates benchmarked to PLR.
  • Federal Bank has an average customer ratings of 3.5, while has an average customer rating of , based on which it is clear that Federal Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • One unique feature of Federal 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 – Tata Capital Home Finance or Federal Bank?

As per the current rates, Tata Capital Home Finance offers a lower interest rate of 6.90% on Home Loan when compared to Federal Bank which offers a Home Loan at 7.65%.

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Home Loan News - Jun 2021
  • 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.
  • 2021-06-08 : The Central Bank of India joined hands with Indiabulls Housing to provide Home Loans
    On monday, the Central bank of India and Indiabulls Housing Finance Limited entered into a partnership to provide Home Loans under priority sector at competitive prices that will lead to a greater disbursement of Housing loans by both the entities.
  • 2021-06-03 : Sundaram Home Finance revised its home loan rates
    With effect from 1 June 2020, Sundaram Home Finance revised its home loans rates. The new home loan rates start from 6.95%
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