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Compare Bajaj Home Finance vs United Bank of India Loan Against Property

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Bank
Interest Rate
Interest Rate
9.00% - 11.00%
10.75% - 10.75%
Processing Fees
Processing Fees
Upto 1.00%
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 4 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 75%
Upto 60%
Maximum Tenure
Maximum Tenure
20 Years
7 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 900
₹ 1,699
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 - OD
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 United Bank of India

Loan Amount Bajaj Home Finance United Bank of India
₹ 10 Lakh ₹ 8,997 ₹ 16,991
₹ 15 Lakh ₹ 13,496 ₹ 25,487
₹ 30 Lakh ₹ 26,992 ₹ 50,974
₹ 50 Lakh ₹ 44,986 ₹ 84,956

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

Bajaj Home Finance offers lower Loan Against Property EMI at ₹ 900 on a Loan Against Property for 20 Years as compared to United Bank of India with a minimum EMI of ₹ 1,699 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 United Bank of India Loan Against Property?

It is important to do a detailed comparison of Bajaj Home Finance and United Bank of India 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 United Bank of India at 10.75% and hence, Bajaj Home Finance is offering a cheaper loan option.
  • When compared to other Loan Against Property charges such as processing fees Bajaj Home Finance and United Bank of India charge the lowest processing fees as 1.00% of the loan amount.
  • United Bank of India offers Loan Against Property upto 75% of the property value while Bajaj Home Finance offers mortgage loan upto 60% of property value. Hence, United Bank of India can be a better option if you are looking for a high value amount.
  • United Bank of India 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 United Bank of India with an average customer rating of 5, and hence, the customer can expect the same kind of service levels from these banks.
  • One unique feature of United Bank of India 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 – Bajaj Home Finance or United Bank of India?

As per the current rates, Bajaj Home Finance offers a lower interest rate of 9.00% on Loan Against Property when compared to United Bank of India which offers a Loan Against Property at 10.75%.

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