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Compare Axis Bank vs IDBI Bank Loan Against Property

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Interest Rate
Interest Rate
8.50% - 11.00%
8.10% - 9.10%
Processing Fees
Processing Fees
Upto 0.75%
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 7 Cr
₹ 10 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 60%
Upto 65%
Maximum Tenure
Maximum Tenure
15 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 985
₹ 961
Benchmark Rate
Benchmark Rate
Minimum Age
Minimum Age
24 Years
25 Years
Maximum Age
Maximum Age
65 Years
70 Years
Overdraft Facility
Overdraft Facility
Y - Overdraft Against Property
Y - OD
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of Axis Bank and IDBI Bank

Loan Amount Axis Bank IDBI Bank
₹ 10 Lakh ₹ 9,847 ₹ 9,614
₹ 15 Lakh ₹ 14,771 ₹ 14,422
₹ 30 Lakh ₹ 29,542 ₹ 28,843
₹ 50 Lakh ₹ 49,237 ₹ 48,072

Which is a better bank for Loan Against Property – IDBI Bank or Axis Bank?

IDBI Bank offers lower Loan Against Property EMI at ₹ 961 on a Loan Against Property for 15 Years as compared to Axis Bank with a minimum EMI of ₹ 985 for 15 Years. Average customer ratings for IDBI Bank is currently at 4/5.0 which makes it a good choice for taking a Loan Against Property.

How does IDBI Bank Loan Against Property compare with Axis Bank Loan Against Property?

It is important to do a detailed comparison of IDBI Bank and Axis 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 IDBI Bank Loan Against Property is 8.10%, which is lower than the lowest interest rate of Axis Bank at 8.50% and hence, IDBI Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Axis Bank charges a lower processing fees of 0.75% of the loan amount vs IDBI Bank with a processing fees of 1.00% of loan amount.
  • Axis Bank offers Loan Against Property upto 65% of the property value while IDBI Bank offers mortgage loan upto 60% of property value. Hence, Axis Bank can be a better option if you are looking for a high value amount.
  • Axis Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, IDBI Bank 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.
  • Axis Bank has an average customer ratings of 4.6, while IDBI Bank has an average customer rating of 4, based on which it is clear that Axis Bank has a high customer service focus, an easy Loan Against Property process and a quick turnaround.
  • One unique feature overdraft facility, which is nowadays a popular facility demanded by high salaried and business customers, and is offered by Axis Bank and IDBI Bank.

Which bank offers a lower interest rate on Loan Against Property – IDBI Bank or Axis Bank?

As per the current rates, IDBI Bank offers a lower interest rate of 8.10% on Loan Against Property when compared to Axis Bank which offers a Loan Against Property at 8.50%.

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Loan Against Property News - Oct 2021
  • 2021-10-25 : Yes Bank Q2 Net Profit Up By 74 Percent
    Yes Bank has posted a growth in net profit of 74.3 percent to Rs 225 crore in the Q2 (FY2022) ended September 2021. There was an uptick in non-interest income and a dip in provisions due to lower slippages. The bank had posted a net profit of Rs 129 crore for Q2 in FY2021.
  • 2021-10-22 : IDBI Bank Net Profit Jumps To 75 percent
    IDBI Bank reported a 75 percent year-on-year (y-o-y) jump in net profit to Rs 567 crore for the quarter ended September. This is a result driven by a reduction in employee costs and an improvement in net interest income (NII). The bank’s NII, or the difference between interest earned and interest expended, rose 9.45 percent y-o-y to Rs 1,854 crore.
  • 2021-10-22 : South Indian Bank Ltd Posts Loss in Q2 FY2021-22
    For the quarter ended September 30, 2021, the total income of the bank was ₹ 1746.03 crores as against ₹2115.71 crores in the corresponding quarter of the previous year and ₹2081.73 crores in the previous quarter. As a result, the bank has reported a loss of Rs. 187.06 crore for Q2 of FY 2021-22.
  • 2021-10-22 : Bank of Maharashtra Q2 Profit Jumps To 103 percent
    Bank of Maharashtra posted a 102.71 percent Y-o-Y rise in its net profit to Rs 264 crore for the September quarter (Q2). The net interest margin improved to 3.27 percent on a Y-o-Y basis against 2.3% in the comparable quarter last year. Net interest income increased by 33.84 percent to Rs 1,500 crore, compared with Rs 1,120 crore during Q2FY21.
  • 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.
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