MyLoanCare is a FREE of cost service for borrowers

Get Cashback of Upto ₹1,000* on Property Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Axis Bank vs Indian Bank Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
8.75% - 11.00%
10.50% - 10.65%
Processing Fees
Processing Fees
Upto 0.50%
Upto 1.17%
Maximum Loan Amount
Maximum Loan Amount
₹ 7 Cr
₹ 2 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 60%
Upto 50%
Maximum Tenure
Maximum Tenure
15 Years
7 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 999
₹ 1,686
Benchmark Rate
Benchmark Rate
RLLR
RLLR
Minimum Age
Minimum Age
24 Years
18 Years
Maximum Age
Maximum Age
65 Years
60 Years
Overdraft Facility
Overdraft Facility
Y - Overdraft Against Property
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.6/5.0
4.6/5.0
Add Bank

Compare Loan Against Property EMI of Axis Bank and Indian Bank

Loan Amount Axis Bank Indian Bank
₹ 10 Lakh ₹ 9,994 ₹ 16,861
₹ 15 Lakh ₹ 14,992 ₹ 25,291
₹ 30 Lakh ₹ 29,983 ₹ 50,582
₹ 50 Lakh ₹ 49,972 ₹ 84,303

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

Axis Bank offers lower Loan Against Property EMI at ₹ 999 on a Loan Against Property for 15 Years as compared to Indian Bank with a minimum EMI of ₹ 1,686 for 7 Years. Average customer ratings for Axis Bank is currently at 4.6/5.0 which makes it a good choice for taking a Loan Against Property.

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

It is important to do a detailed comparison of Axis Bank and Indian 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 Axis Bank Loan Against Property is 8.75%, which is lower than the lowest interest rate of Indian Bank at 10.50% and hence, Axis 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 0.50% of the loan amount vs Indian Bank with a processing fees of 1.17% of loan amount.
  • Axis Bank offers Loan Against Property upto 60% of the property value while Indian Bank offers mortgage loan upto 50% 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, Indian 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 with an average customer ratings of 4.6 is equally comparable to Indian Bank with an average customer rating of 4.6, and hence, the customer can expect the same kind of service levels from these banks.
  • Indian Bank offers special discounted rate Loan Against Property schemes for women, while Axis Bank currently doesn’t have such schemes for women. Hence, women borrowers should consider Indian Bank.
  • One unique feature of Axis 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 a lower interest rate on Loan Against Property – Axis Bank or Indian Bank?

As per the current rates, Axis Bank offers a lower interest rate of 8.75% on Loan Against Property when compared to Indian Bank which offers a Loan Against Property at 10.50%.

Popular Loan Against Property Tools

Popular Search for Axis Bank Loan Against Property

Popular Search for Indian Bank Loan Against Property

Compare Axis Bank Loan Against Property With Other Banks

Compare Indian Bank Loan Against Property With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
Loan Against Property News - Jan 2022
  • 2022-01-20 : Union Lenders Approves Reimbursement Amount of ₹974 cr for Pandemic Loan Moratorium.
    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.
  • 2022-01-19 : Bajaj Finance Q3 Net up 84% on Income Growth.
    Bajaj Finance Ltd (BFL) has reported an 84 per cent year-on-year (YoY) jump in third-quarter standalone net profit. The growth has been seen on the back of healthy growth in net interest income, fees and commission income and other operating income.
  • 2022-01-14 : Equitas Small Finance Bank Profit Grows by 13% in Gross Loan Portfolio
    Equitas Small Finance Bank has seen a 13 per cent year-on-year rise in gross loan portfolio to Rs 19,642 crore. The growth is in line with the recovery in economic activities in the informal sector.
  • 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.
  • 2022-01-06 : Canara Bank Q3 Net Profit Rises by 139.5%
    Canara Bank has reported a net profit of 139.5% to register a year-on-year profit of Rs. 1,667.3 cr in Q3.
*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
Loader
Please wait while your information is being processed...