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Compare Canara Bank vs Edelweiss Loan Against Property

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Bank
Interest Rate
Interest Rate
9.95% - 12.00%
9.25% - 18.20%
Processing Fees
Processing Fees
Upto 1.00%
Min ₹ 5,000; Max ₹ 50,000
Upto 2.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 60%
Maximum Tenure
Maximum Tenure
7 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,658
₹ 1,029
Benchmark Rate
Benchmark Rate
RLLR
PLR
Minimum Age
Minimum Age
21 Years
25 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
2/5.0
2/5.0
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Compare Loan Against Property EMI of Canara Bank and Edelweiss

Loan Amount Canara Bank Edelweiss
₹ 10 Lakh ₹ 16,575 ₹ 10,292
₹ 15 Lakh ₹ 24,863 ₹ 15,438
₹ 30 Lakh ₹ 49,726 ₹ 30,876
₹ 50 Lakh ₹ 82,877 ₹ 51,460

Which is a better bank for Loan Against Property – Edelweiss or Canara Bank?

Edelweiss offers lower Loan Against Property EMI at ₹ 1,029 on a Loan Against Property for 15 Years as compared to Canara Bank with a minimum EMI of ₹ 1,658 for 7 Years. Average customer ratings for Edelweiss is currently at 2/5.0 which makes it a good choice for taking a Loan Against Property.

How does Edelweiss Loan Against Property compare with Canara Bank Loan Against Property?

It is important to do a detailed comparison of Edelweiss and Canara 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 Edelweiss Loan Against Property is 9.25%, which is lower than the lowest interest rate of Canara Bank at 9.95% and hence, Edelweiss is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Canara Bank charges a lower processing fees of 1.00% of the loan amount vs Edelweiss with a processing fees of 2.00% of loan amount.
  • Canara Bank offers Loan Against Property upto 60% of the property value while Edelweiss offers mortgage loan upto 50% of property value. Hence, Canara Bank can be a better option if you are looking for a high value amount.
  • Canara Bank is a with its Loan Against Property rates benchmarked to RLLR. Edelweiss is a with its home loan rates benchmarked to PLR.
  • Canara Bank with an average customer ratings of 2 is equally comparable to Edelweiss with an average customer rating of 2, and hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Loan Against Property – Edelweiss or Canara Bank?

As per the current rates, Edelweiss offers a lower interest rate of 9.25% on Loan Against Property when compared to Canara Bank which offers a Loan Against Property at 9.95%.

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Loan Against Property News - Oct 2021
  • 2021-10-25 : Yes Bank Q2 Net Profit Up By 74 Percent
    Yes Bank has posted a growth in net profit of 74.3 percent to Rs 225 crore in the Q2 (FY2022) ended September 2021. There was an uptick in non-interest income and a dip in provisions due to lower slippages. The bank had posted a net profit of Rs 129 crore for Q2 in FY2021.
  • 2021-10-22 : IDBI Bank Net Profit Jumps To 75 percent
    IDBI Bank reported a 75 percent year-on-year (y-o-y) jump in net profit to Rs 567 crore for the quarter ended September. This is a result driven by a reduction in employee costs and an improvement in net interest income (NII). The bank’s NII, or the difference between interest earned and interest expended, rose 9.45 percent y-o-y to Rs 1,854 crore.
  • 2021-10-22 : South Indian Bank Ltd Posts Loss in Q2 FY2021-22
    For the quarter ended September 30, 2021, the total income of the bank was ₹ 1746.03 crores as against ₹2115.71 crores in the corresponding quarter of the previous year and ₹2081.73 crores in the previous quarter. As a result, the bank has reported a loss of Rs. 187.06 crore for Q2 of FY 2021-22.
  • 2021-10-22 : Bank of Maharashtra Q2 Profit Jumps To 103 percent
    Bank of Maharashtra posted a 102.71 percent Y-o-Y rise in its net profit to Rs 264 crore for the September quarter (Q2). The net interest margin improved to 3.27 percent on a Y-o-Y basis against 2.3% in the comparable quarter last year. Net interest income increased by 33.84 percent to Rs 1,500 crore, compared with Rs 1,120 crore during Q2FY21.
  • 2021-10-20 : Banks Gross NPAs To Increase To 8-9 Percent
    Gross Non-Performing Assets (NPAs) of banks are expected to increase to 8-9 percent in the current fiscal year according to reports of Crisil. Agency also suggests that Emergency Credit Line Guarantee Scheme (ECLGS) will help limit this increase.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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