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 Loan Against Property - Bajaj Home Finance vs Axis Bank

Download Comparison
Bank
Parameters
Interest Rate
Interest Rate
9.00% - 10.00%
10.50% - 11.00%
Processing Fees
Processing Fees
Upto 1.00%
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 4 Cr
₹ 7 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 75%
Upto 60%
Maximum Tenure
Maximum Tenure
20 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 900
₹ 1,105
Benchmark Rate
Benchmark Rate
PLR
RLLR
Minimum Age
Minimum Age
25 Years
24 Years
Maximum Age
Maximum Age
70 Years
65 Years
Overdraft Facility
Overdraft Facility
N
Y - Overdraft Against Property
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.5/5.0
Add Bank

Compare EMI of Bajaj Home Finance and Axis Bank Loan Against Property

Loan Amount Bajaj Home Finance Axis Bank
₹ 10 Lakh ₹ 8,997 ₹ 11,054
₹ 15 Lakh ₹ 13,496 ₹ 16,581
₹ 30 Lakh ₹ 26,992 ₹ 33,162
₹ 50 Lakh ₹ 44,986 ₹ 55,270

Which is a better bank for Loan Against Property – Bajaj Home Finance or Axis Bank?

Bajaj Home Finance offers lower Loan Against Property EMI at ₹ 900 on a Loan Against Property for 20 Years as compared to Axis Bank with a minimum EMI of ₹ 1,105 for 15 Years. Average customer ratings for Bajaj Home Finance is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

How does Bajaj Home Finance Loan Against Property compare with Axis Bank Loan Against Property?

It is important to do a detailed comparison of Bajaj Home Finance and Loan Against Property on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own 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 Bajaj Home Finance Loan Against Property is 9.00%, which is lower than the lowest interest rate of Axis Bank at 10.50% and hence, Bajaj Home Finance is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, all banks Axis Bank, Bajaj Home Finance and charge the same amount of processing fees as a 1.00% of the loan amount.
  • Axis Bank offers Loan Against Property upto 75% of the property value while Bajaj Home Finance 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 Private Bank with its Loan Against Property rates benchmarked to RLLR. Bajaj Home Finance is a HFC with its home loan rates benchmarked to PLR.
  • Axis Bank has an average customer ratings of 4.5, while has an average customer rating of , 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 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 lower interest rate on Loan Against Property – Bajaj Home Finance or Axis Bank?

As per the current rates, Bajaj Home Finance offers a lower interest rate of 9.00% on Loan Against Property when compared to Axis Bank which offers a Loan Against Property at 10.50%.

Popular Loan Against Property Tools

Popular Search for Bajaj Home Finance Loan Against Property

Popular Search for Axis Bank Loan Against Property

Compare Bajaj Home Finance Loan Against Property With Other Banks

Compare Axis Bank Loan Against Property With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.65%. 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 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 7.20%. 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 6.95%.

    Invest Now
Loan Against Property News - Jun 2021
  • 2021-06-16 : Ujjivan Small Finance Bank collaborates with MoEngage
    Ujjivan Small Finance Bank has collaborated with customer engagement platform MoEngage to provide digital banking services in remote areas of the country. The aim is to build a wide presence of the bank with customers in the unserved regions through digital services.
  • 2021-06-15 : Indian Overseas Bank declared a profit of Rs 831 crore
    IOB closed the last fiscal with a net profit of Rs.831 crore as against a net loss of about Rs.8,527 crore. The total income for the year ended 31.03.2021 stands at Rs.22,525 crore as against Rs.20,766 crore for FY20. IOB plans to come up with Prompt Corrective Action to focus on loan recovery, low-cost deposits and less capital consuming advances.
  • 2021-06-14 : IDFC First Bank’s helping hand for the covid-affected families of employees
    To help the families of employees who lost their lives due to covid, IDFC First Bank is offering compensation of upto 4 times of the CTC along with a salary of two years. Along with that, the bank is also wavering the loans of such employees to reduce the burden on the employees’ family.
  • 2021-06-10 : Rural Loan Collections to be affected by the Second wave
    As the borrowers are continuously facing the issues created by the pandemic, India Ratings - a rating agency reported that the collections of Rural Loan which includes Home Loan, Loan Against Property, Business Loan, Personal Loan, etc. will be vastly affected because of the second wave of Covid-19.
  • 2021-06-10 : Edelweiss to become co-lending partners with Central Bank of India
    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
*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...