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Compare Bank of India vs Axis Bank Loan Against Property

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Interest Rate
Interest Rate
9.75% - 10.75%
9.40% - 9.50%
Processing Fees
Processing Fees
Upto 1.00%
Min ₹ 5,000; Max ₹ 50,000
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 7 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 40%
Upto 60%
Maximum Tenure
Maximum Tenure
12 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,181
₹ 1,038
Benchmark Rate
Benchmark Rate
Minimum Age
Minimum Age
21 Years
24 Years
Maximum Age
Maximum Age
70 Years
65 Years
Overdraft Facility
Overdraft Facility
Y - OD
Y - Overdraft Against Property
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of Bank of India and Axis Bank

Loan Amount Bank of India Axis Bank
₹ 10 Lakh ₹ 11,807 ₹ 10,382
₹ 15 Lakh ₹ 17,710 ₹ 15,573
₹ 30 Lakh ₹ 35,420 ₹ 31,146
₹ 50 Lakh ₹ 59,034 ₹ 51,910

Which is a better bank for Loan Against Property – Axis Bank or Bank of India?

Axis Bank offers lower Loan Against Property EMI at ₹ 1,038 on a Loan Against Property for 15 Years as compared to Bank of India with a minimum EMI of ₹ 1,181 for 12 Years. Average customer ratings for Axis Bank is currently at 4.6/5.0 which makes it a good choice for taking a Loan Against Property.

How does Axis Bank Loan Against Property compare with Bank of India Loan Against Property?

It is important to do a detailed comparison of Axis Bank and 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 Axis Bank Loan Against Property is 9.40%, which is lower than the lowest interest rate of Bank of India at 9.75% and hence, Axis Bank is offering a cheaper loan option.
  • When compared to other Loan Against Property charges such as processing fees Axis Bank and Bank of India charge the lowest processing fees as 1.00% of the loan amount.
  • Axis Bank offers Loan Against Property upto 60% of the property value while Bank of India offers mortgage loan upto 40% of property value. Hence, Axis Bank can be a better option if you are looking for a high value amount.
  • Axis Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, Bank of India is a with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
  • Axis Bank has an average customer ratings of 4.6, 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 overdraft facility, which is nowadays a popular facility demanded by high salaried and business customers, and is offered by Axis Bank and Bank of India.

Which bank offers a lower interest rate on Loan Against Property – Axis Bank or Bank of India?

As per the current rates, Axis Bank offers a lower interest rate of 9.40% on Loan Against Property when compared to Bank of India which offers a Loan Against Property at 9.75%.

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