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Compare Andhra Bank vs PNB Loan Against Property

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Bank
Interest Rate
Interest Rate
10.75% - 11.25%
9.50% - 10.15%
Processing Fees
Processing Fees
NIL
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 2 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 50%
Maximum Tenure
Maximum Tenure
10 Years
10 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,363
₹ 1,294
Benchmark Rate
Benchmark Rate
RLLR
RLLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.8/5.0
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Compare Loan Against Property EMI of Andhra Bank and PNB

Loan Amount Andhra Bank PNB
₹ 10 Lakh ₹ 13,634 ₹ 12,940
₹ 15 Lakh ₹ 20,451 ₹ 19,410
₹ 30 Lakh ₹ 40,902 ₹ 38,819
₹ 50 Lakh ₹ 68,169 ₹ 64,699

Which is a better bank for Loan Against Property – PNB or Andhra Bank?

PNB offers lower Loan Against Property EMI at ₹ 1,294 on a Loan Against Property for 10 Years as compared to Andhra Bank with a minimum EMI of ₹ 1,363 for 10 Years. Average customer ratings for PNB is currently at 4.8/5.0 which makes it a good choice for taking a Loan Against Property.

How does PNB Loan Against Property compare with Andhra Bank Loan Against Property?

It is important to do a detailed comparison of PNB and Andhra 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 PNB Loan Against Property is 9.50%, which is lower than the lowest interest rate of Andhra Bank at 10.75% and hence, PNB is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Andhra Bank charges a lower processing fees of Nil vs PNB with a processing fees of 1.00% of loan amount.
  • Andhra Bank and PNB offer mortgage loan upto 50% of the value of the property. Hence, the same loan to property value ratio makes them a comparable option to choose from.
  • Andhra Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, PNB 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.
  • PNB has an average customer ratings of 4.8, while has an average customer rating of , based on which it is clear that PNB 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 – PNB or Andhra Bank?

As per the current rates, PNB offers a lower interest rate of 9.50% on Loan Against Property when compared to Andhra Bank which offers a Loan Against Property at 10.75%.

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    The Union Cabinet has approved a sanction of ₹973.74 crores for lenders to reimburse the loan moratorium. Earlier, on March 27, 2020, the Reserve Bank of India (RBI) had announced a loan moratorium on payment of instalments of term loans falling due between March 1 and May 31, 2020, due to the pandemic, which was extended to August 31.
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  • 2022-01-07 : Tata Capital Launches Flexi Plus Loans for Different Categories
    Tata Capital has launched Flexi Plus loans across different products including, personal, business, loan Against Property, two-Wheeler and home Loans. The loan comes with longer tenure, overdraft facility and a step-up plan.
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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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