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Compare Bajaj Home Finance vs HDFC Bank Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
8.10% - 18.00%
8.00% - 8.95%
Processing Fees
Processing Fees
Upto 0.10%
Upto 0.50%
Max ₹ 7,500
Maximum Loan Amount
Maximum Loan Amount
₹ 4 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 75%
Upto 65%
Maximum Tenure
Maximum Tenure
20 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 843
₹ 956
Benchmark Rate
Benchmark Rate
PLR
RLLR
Minimum Age
Minimum Age
25 Years
21 Years
Maximum Age
Maximum Age
70 Years
65 Years
Overdraft Facility
Overdraft Facility
N
Y - Dropline OD Against Property
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
5/5.0
4.7/5.0
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Compare Loan Against Property EMI of Bajaj Home Finance and HDFC Bank

Loan Amount Bajaj Home Finance HDFC Bank
₹ 10 Lakh ₹ 8,427 ₹ 9,557
₹ 15 Lakh ₹ 12,640 ₹ 14,335
₹ 30 Lakh ₹ 25,280 ₹ 28,670
₹ 50 Lakh ₹ 42,134 ₹ 47,783

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

Bajaj Home Finance offers lower Loan Against Property EMI at ₹ 843 on a Loan Against Property for 20 Years as compared to HDFC Bank with a minimum EMI of ₹ 956 for 15 Years. Average customer ratings for Bajaj Home Finance is currently at 5/5.0 which makes it a good choice for taking a Loan Against Property.

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

It is important to do a detailed comparison of HDFC Bank and Bajaj Home Finance 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 HDFC Bank Loan Against Property is 8.00%, which is lower than the lowest interest rate of Bajaj Home Finance at 8.10% and hence, HDFC Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Bajaj Home Finance charges a lower processing fees of 0.10% of the loan amount vs HDFC Bank with a processing fees of 0.50% of loan amount.
  • HDFC Bank offers Loan Against Property upto 75% of the property value while Bajaj Home Finance offers mortgage loan upto 65% of property value. Hence, HDFC Bank can be a better option if you are looking for a high value amount.
  • HDFC Bank is a with its Loan Against Property rates benchmarked to RLLR. Bajaj Home Finance is a with its home loan rates benchmarked to PLR.
  • Bajaj Home Finance has an average customer ratings of 5, while HDFC Bank has an average customer rating of 4.7, based on which it is clear that Bajaj Home Finance has a high customer service focus, an easy Loan Against Property process and a quick turnaround.
  • One unique feature of HDFC 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 – HDFC Bank or Bajaj Home Finance?

As per the current rates, HDFC Bank offers a lower interest rate of 8.00% on Loan Against Property when compared to Bajaj Home Finance which offers a Loan Against Property at 8.10%.

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Loan Against Property News - Oct 2022
  • 2022-09-12 : Indian Overseas Bank raises MCLR rates by up to 0.10%
    Indian Overseas Bank has revised upwards the MCLR rates by 0.10 per cent across tenors. The benchmark 1-year tenor marginal cost of funds based lending rate (MCLR) has been revised to 7.75 per cent against the existing rate of 7.65 per cent. The two and three-year MCLRs have been hiked by a similar margin to 7.80 per cent each.
  • 2022-08-18 : HDFC bank opens its first all women branch in Kerela`s kozhikode.
    HDFC has opened its first all-women branch in Kozhikode. The branch, located in Cherootty Road, the hub of traders in the district, will have 4 women bankers. HDFC Bank is driving diversity and inclusion within the organization with a special focus on enhancing gender diversity.
  • 2022-08-18 : CCI`s nod to the merger of HDFC Bank, HDFC Ltd.
    The Competition Commission of India (CCI) has approved the proposal of merger of HDFC Bank and HDFC Ltd. Commission`s positive response to the combination involving amalgamation of HDFC Limited, HDFc Bank, HDFC Investments and HDFC Holdings.
  • 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
    The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
  • 2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
    The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21.
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