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Compare Bajaj Home Finance vs Indian Bank Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
9.00% - 11.00%
10.50% - 10.65%
Processing Fees
Processing Fees
Upto 1.00%
Upto 1.17%
Maximum Loan Amount
Maximum Loan Amount
₹ 4 Cr
₹ 2 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 75%
Upto 50%
Maximum Tenure
Maximum Tenure
20 Years
7 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 900
₹ 1,686
Benchmark Rate
Benchmark Rate
PLR
RLLR
Minimum Age
Minimum Age
25 Years
18 Years
Maximum Age
Maximum Age
70 Years
60 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
5/5.0
5/5.0
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Compare Loan Against Property EMI of Bajaj Home Finance and Indian Bank

Loan Amount Bajaj Home Finance Indian Bank
₹ 10 Lakh ₹ 8,997 ₹ 16,861
₹ 15 Lakh ₹ 13,496 ₹ 25,291
₹ 30 Lakh ₹ 26,992 ₹ 50,582
₹ 50 Lakh ₹ 44,986 ₹ 84,303

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

Bajaj Home Finance offers lower Loan Against Property EMI at ₹ 900 on a Loan Against Property for 20 Years as compared to Indian Bank with a minimum EMI of ₹ 1,686 for 7 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 Bajaj Home Finance Loan Against Property compare with Indian Bank Loan Against Property?

It is important to do a detailed comparison of Bajaj Home Finance 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 Bajaj Home Finance Loan Against Property is 9.00%, which is lower than the lowest interest rate of Indian 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, Bajaj Home Finance charges a lower processing fees of 1.00% of the loan amount vs Indian Bank with a processing fees of 1.17% of loan amount.
  • Indian Bank offers Loan Against Property upto 75% of the property value while Bajaj Home Finance offers mortgage loan upto 50% of property value. Hence, Indian Bank can be a better option if you are looking for a high value amount.
  • Indian 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 with an average customer ratings of 5 is equally comparable to Indian Bank with an average customer rating of 5, 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 Bajaj Home Finance currently doesn’t have such schemes for women. Hence, women borrowers should consider Indian Bank.

Which bank offers a lower interest rate on Loan Against Property – Bajaj Home Finance or Indian Bank?

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

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