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Compare Allahabad Bank vs SBI Loan Against Property

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Interest Rate
Interest Rate
14.15% - 14.15%
8.80% - 13.10%
Processing Fees
Processing Fees
Upto 0.53%
Min ₹ 2,670; Max ₹ 80,100
Upto 1.00%
Max ₹ 50,000
Maximum Loan Amount
Maximum Loan Amount
₹ 2 Cr
₹ 7.50 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 80%
Maximum Tenure
Maximum Tenure
9 Years
10 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,642
₹ 1,256
Benchmark Rate
Benchmark Rate
Minimum Age
Minimum Age
21 Years
18 Years
Maximum Age
Maximum Age
70 Years
70 Years
Overdraft Facility
Overdraft Facility
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of Allahabad Bank and SBI

Loan Amount Allahabad Bank SBI
₹ 10 Lakh ₹ 16,422 ₹ 12,560
₹ 15 Lakh ₹ 24,632 ₹ 18,839
₹ 30 Lakh ₹ 49,265 ₹ 37,679
₹ 50 Lakh ₹ 82,108 ₹ 62,798

Which is a better bank for Loan Against Property – SBI or Allahabad Bank?

SBI offers lower Loan Against Property EMI at ₹ 1,256 on a Loan Against Property for 10 Years as compared to Allahabad Bank with a minimum EMI of ₹ 1,642 for 9 Years. Average customer ratings for SBI is currently at 3.5/5.0 which makes it a good choice for taking a Loan Against Property.

How does SBI Loan Against Property compare with Allahabad Bank Loan Against Property?

It is important to do a detailed comparison of SBI and Allahabad 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 SBI Loan Against Property is 8.80%, which is lower than the lowest interest rate of Allahabad Bank at 14.15% and hence, SBI is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Allahabad Bank charges a lower processing fees of 0.53% of the loan amount vs SBI with a processing fees of 1.00% of loan amount.
  • Allahabad Bank offers Loan Against Property upto 80% of the property value while SBI offers mortgage loan upto 50% of property value. Hence, Allahabad Bank can be a better option if you are looking for a high value amount.
  • Allahabad Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, SBI is a with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
  • SBI has an average customer ratings of 3.5, while has an average customer rating of , based on which it is clear that SBI has a high customer service focus, an easy Loan Against Property process and a quick turnaround.

Which bank offers a lower interest rate on Loan Against Property – SBI or Allahabad Bank?

As per the current rates, SBI offers a lower interest rate of 8.80% on Loan Against Property when compared to Allahabad Bank which offers a Loan Against Property at 14.15%.

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Loan Against Property News - Oct 2021
  • 2021-10-20 : Banks Gross NPAs To Increase To 8-9 Percent
    Gross Non-Performing Assets (NPAs) of banks are expected to increase to 8-9 percent in the current fiscal year according to reports of Crisil. Agency also suggests that Emergency Credit Line Guarantee Scheme (ECLGS) will help limit this increase.
  • 2021-10-18 : HDFC Bank Posts 17.2 Percent Profits In Q2
    Private sector bank, HDFC Bank has posted a 17.6 percent rise in net profit at Rs 8,834.3 crore in the second quarter ended September 30, 2021. The lender had posted a net profit of Rs 7,513.1 crore in Q2 of 2020.
  • 2021-10-12 : IDFC First Bank Revises Interest Rate For Loan Against Property
    Indian private sector bank, IDFC First Bank has reduced interest rates for loans against property. Currently, the lender is offering loans at an interest rate of 7.50% for all the loan amounts.
  • 2021-10-11 : Punjab National Bank Introduces 6S Campaign
    Punjab National Bank (PNB) has launched the 6S Campaign. The campaign consists of schemes like Swabhiman, Samruddhi, Sampark and Shikhar, Sankalp and Swagat. The objective of the campaign is to spread awareness about the development of financial services and accelerate credit growth, improve penetration of social security schemes and drive digital banking push.
  • 2021-10-06 : Central Bank of India Partners With IIFL Home Finance
    Central Bank of India has announced a strategic co-lending partnership with IIFL Home Finance. Under the partnership, IIFL Home Finance Ltd will process credit parameters and eligibility criteria. Central Bank of India will take into its book 80% of the SME LAP Loans under mutually agreed terms.
*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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