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Compare Bajaj Home Finance vs SBI Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
9.00% - 11.00%
8.80% - 13.10%
Processing Fees
Processing Fees
Upto 1.00%
Upto 1.00%
Max ₹ 50,000
Maximum Loan Amount
Maximum Loan Amount
₹ 4 Cr
₹ 7.50 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 75%
Upto 80%
Maximum Tenure
Maximum Tenure
20 Years
10 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 900
₹ 1,256
Benchmark Rate
Benchmark Rate
PLR
RLLR
Minimum Age
Minimum Age
25 Years
18 Years
Maximum Age
Maximum Age
70 Years
70 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
5/5.0
3.5/5.0
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Compare Loan Against Property EMI of Bajaj Home Finance and SBI

Loan Amount Bajaj Home Finance SBI
₹ 10 Lakh ₹ 8,997 ₹ 12,560
₹ 15 Lakh ₹ 13,496 ₹ 18,839
₹ 30 Lakh ₹ 26,992 ₹ 37,679
₹ 50 Lakh ₹ 44,986 ₹ 62,798

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

Bajaj Home Finance offers lower Loan Against Property EMI at ₹ 900 on a Loan Against Property for 20 Years as compared to SBI with a minimum EMI of ₹ 1,256 for 10 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 SBI Loan Against Property compare with Bajaj Home Finance Loan Against Property?

It is important to do a detailed comparison of SBI 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 SBI Loan Against Property is 8.80%, which is lower than the lowest interest rate of Bajaj Home Finance at 9.00% and hence, SBI is offering a cheaper loan option.
  • When compared to other Loan Against Property charges such as processing fees Bajaj Home Finance and SBI charge the lowest processing fees as 1.00% of the loan amount.
  • SBI offers Loan Against Property upto 80% of the property value while Bajaj Home Finance offers mortgage loan upto 75% of property value. Hence, SBI can be a better option if you are looking for a high value amount.
  • SBI 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 SBI has an average customer rating of 3.5, 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.

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

As per the current rates, SBI offers a lower interest rate of 8.80% on Loan Against Property when compared to Bajaj Home Finance which offers a Loan Against Property at 9.00%.

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