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Compare Andhra Bank vs RBL Bank Loan Against Property

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Bank
Interest Rate
Interest Rate
10.75% - 11.25%
7.90% - 15.00%
Processing Fees
Processing Fees
NIL
Upto 1.25%
Min ₹ 7,500;
Maximum Loan Amount
Maximum Loan Amount
₹ 2 Cr
₹ 10 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 65%
Maximum Tenure
Maximum Tenure
10 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,363
₹ 950
Benchmark Rate
Benchmark Rate
RLLR
1_year MCLR
Minimum Age
Minimum Age
21 Years
23 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of Andhra Bank and RBL Bank

Loan Amount Andhra Bank RBL Bank
₹ 10 Lakh ₹ 13,634 ₹ 9,499
₹ 15 Lakh ₹ 20,451 ₹ 14,248
₹ 30 Lakh ₹ 40,902 ₹ 28,497
₹ 50 Lakh ₹ 68,169 ₹ 47,494

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

RBL Bank offers lower Loan Against Property EMI at ₹ 950 on a Loan Against Property for 15 Years as compared to Andhra Bank with a minimum EMI of ₹ 1,363 for 10 Years. Average customer ratings for RBL Bank is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

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

It is important to do a detailed comparison of RBL Bank 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 RBL Bank Loan Against Property is 7.90%, which is lower than the lowest interest rate of Andhra Bank at 10.75% and hence, RBL Bank 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 RBL Bank with a processing fees of 1.25% of loan amount.
  • Andhra Bank offers Loan Against Property upto 65% of the property value while RBL Bank offers mortgage loan upto 50% of property value. Hence, Andhra Bank can be a better option if you are looking for a high value amount.
  • Andhra Bank is a with its Loan Against Property rates benchmarked to RLLR. RBL Bank is a with its home loan rates benchmarked to MCLR.
  • with an average customer ratings of is equally comparable to with an average customer rating of , and hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Loan Against Property – RBL Bank or Andhra Bank?

As per the current rates, RBL Bank offers a lower interest rate of 7.90% on Loan Against Property when compared to Andhra Bank which offers a Loan Against Property at 10.75%.

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Loan Against Property News - Jan 2022
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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
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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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