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Compare Central Bank of India vs Citibank Loan Against Property

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Bank
Interest Rate
Interest Rate
13.75% - 13.75%
6.90% - 7.90%
Processing Fees
Processing Fees
Upto 0.50%
Max ₹ 20,000
NIL
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 70%
Maximum Tenure
Maximum Tenure
10 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,538
₹ 893
Benchmark Rate
Benchmark Rate
RLLR
TBLR
Minimum Age
Minimum Age
21 Years
23 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
Y - OD
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.4/5.0
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Compare Loan Against Property EMI of Central Bank of India and Citibank

Loan Amount Central Bank of India Citibank
₹ 10 Lakh ₹ 15,377 ₹ 8,932
₹ 15 Lakh ₹ 23,065 ₹ 13,399
₹ 30 Lakh ₹ 46,130 ₹ 26,797
₹ 50 Lakh ₹ 76,883 ₹ 44,662

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

Citibank offers lower Loan Against Property EMI at ₹ 893 on a Loan Against Property for 15 Years as compared to Central Bank of India with a minimum EMI of ₹ 1,538 for 10 Years. Average customer ratings for Citibank is currently at 4.4/5.0 which makes it a good choice for taking a Loan Against Property.

How does Citibank Loan Against Property compare with Central Bank of India Loan Against Property?

It is important to do a detailed comparison of Citibank and Central 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 Citibank Loan Against Property is 6.90%, which is lower than the lowest interest rate of Central Bank of India at 13.75% and hence, Citibank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Citibank charges a lower processing fees of Nil vs Central Bank of India with a processing fees of 0.50% of loan amount.
  • Citibank offers Loan Against Property upto 70% of the property value while Central Bank of India offers mortgage loan upto 50% of property value. Hence, Citibank can be a better option if you are looking for a high value amount.
  • Citibank is a with its Loan Against Property rates benchmarked to TBLR. Central Bank of India is a with its home loan rates benchmarked to RLLR.
  • Citibank has an average customer ratings of 4.4, while has an average customer rating of , based on which it is clear that Citibank has a high customer service focus, an easy Loan Against Property process and a quick turnaround.
  • One unique feature of Central 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 – Citibank or Central Bank of India?

As per the current rates, Citibank offers a lower interest rate of 6.90% on Loan Against Property when compared to Central Bank of India which offers a Loan Against Property at 13.75%.

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