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Compare Canara Bank vs Piramal Housing Finance Loan Against Property

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Interest Rate
Interest Rate
9.95% - 12.00%
11.50% - 11.50%
Processing Fees
Processing Fees
Upto 1.00%
Min ₹ 5,000; Max ₹ 50,000
Upto 0.50%
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 75%
Maximum Tenure
Maximum Tenure
7 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,658
₹ 1,066
Benchmark Rate
Benchmark Rate
Minimum Age
Minimum Age
21 Years
23 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of Canara Bank and Piramal Housing Finance

Loan Amount Canara Bank Piramal Housing Finance
₹ 10 Lakh ₹ 16,575 ₹ 10,664
₹ 15 Lakh ₹ 24,863 ₹ 15,996
₹ 30 Lakh ₹ 49,726 ₹ 31,993
₹ 50 Lakh ₹ 82,877 ₹ 53,321

Which is a better bank for Loan Against Property – Canara Bank or Piramal Housing Finance?

Piramal Housing Finance offers lower Loan Against Property EMI at ₹ 1,066 on a Loan Against Property for 20 Years as compared to Canara Bank with a minimum EMI of ₹ 1,658 for 7 Years. Average customer ratings for Piramal Housing Finance is currently at 2/5.0 which makes it a good choice for taking a Loan Against Property.

How does Canara Bank Loan Against Property compare with Piramal Housing Finance Loan Against Property?

It is important to do a detailed comparison of Canara Bank and Piramal Housing 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 Canara Bank Loan Against Property is 9.95%, which is lower than the lowest interest rate of Piramal Housing Finance at 11.50% and hence, Canara Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Piramal Housing Finance charges a lower processing fees of 0.50% of the loan amount vs Canara Bank with a processing fees of 1.00% of loan amount.
  • Canara Bank offers Loan Against Property upto 75% of the property value while Piramal Housing Finance 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. Piramal Housing Finance is a with its home loan rates benchmarked to PLR.
  • Canara Bank with an average customer ratings of 2 is equally comparable to Piramal Housing Finance 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 – Canara Bank or Piramal Housing Finance?

As per the current rates, Canara Bank offers a lower interest rate of 9.95% on Loan Against Property when compared to Piramal Housing Finance which offers a Loan Against Property at 11.50%.

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Loan Against Property News - Oct 2021
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*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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