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Compare Loan Against Property - Central Bank of India vs DCB Bank

Bank
Parameters
Interest Rate
Interest Rate
11.10% - 11.10%
12.72% - 12.72%
Processing Fees
Processing Fees
Upto 0.50%
Max ₹ 20,000
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 10 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
₹ 1,383
₹ 1,247
Benchmark Rate
Benchmark Rate
RLLR
1_year MCLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
Y - OD
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare EMI of Central Bank of India and DCB Bank Loan Against Property

Loan Amount Central Bank of India DCB Bank
₹ 10 Lakh ₹ 13,832 ₹ 12,469
₹ 15 Lakh ₹ 20,748 ₹ 18,703
₹ 30 Lakh ₹ 41,495 ₹ 37,406
₹ 50 Lakh ₹ 69,158 ₹ 62,344

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

DCB Bank offers lower Loan Against Property EMI at ₹ 1,247 on a Loan Against Property for 15 Years as compared to Central Bank of India with a minimum EMI of ₹ 1,383 for 10 Years. Average customer ratings for DCB Bank is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

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

It is important to do a detailed comparison of Central Bank of India and Loan Against Property on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own 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 Central Bank of India Loan Against Property is 11.10%, which is lower than the lowest interest rate of DCB Bank at 12.72% and hence, Central Bank of India is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Central Bank of India charges a lower processing fees of 0.50% of the loan amount vs DCB Bank with a processing fees of 1.00% of loan amount.
  • Central Bank of India offers Loan Against Property upto 70% of the property value while DCB Bank offers mortgage loan upto 50% of property value. Hence, Central Bank of India can be a better option if you are looking for a high value amount.
  • Central Bank of India is a Public Sector Bank with its Loan Against Property rates benchmarked to RLLR. DCB Bank is a Private Bank with its home loan rates benchmarked to MCLR.
  • has an average customer ratings of , while has an average customer rating of , based on which it is clear that 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 lower interest rate on Loan Against Property – Central Bank of India or DCB Bank?

As per the current rates, Central Bank of India offers a lower interest rate of 11.10% on Loan Against Property when compared to DCB Bank which offers a Loan Against Property at 12.72%.

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Loan Against Property News - Apr 2021
  • 2021-04-13 : Bank credit rise 5.56%; deposits 11.4% in FY21
    RBI reported that the Bank credit which includes retail loans like home, personal, business, car, two-wheeler, education and doctor loan along with business and mudra loans grew 5.56% to Rs 109.51 lakh crore in the financial year ending March 31, 2021. Further, the deposits include fixed and recurring deposits and rose 11.4% to Rs 151.13 lakh crore.
  • 2021-04-13 : Bandhan Bank’s collection efficiency ratio at 96% in Q4
    Bandhan Bank reported an overall collection efficiency of 96% for the quarter ending March 2021. Total advances which include retail loans like home, personal, business, car, two-wheeler education and doctor loan along with business and mudra loans grew by 21% at ₹87,054 crores. Deposits which includes fixed and recurring deposits grew by 37% at ₹77,972 crores. Further, CASA deposits increased by 61 per cent at ₹33,827 crores.
  • 2021-04-07 : IIFL Home Finance signs co-lending agreement with Standard Chartered Bank
    IIFL Home Finance and Standard Chartered Bank have entered into a co-lending arrangement for extending credit. Under this agreement, IIFL Home Finance and the Standard Chartered Bank will co-originate these loans and the IIFL Home Finance will service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing.
  • 2021-04-05 : Yes Bank Jan-March deposits up 54% to 162, 947
    Yes Bank reported that the bank’s loan and advances which include home, personal, LAP, gold, two-wheeler, car and doctor loans along with business and mudra loans increased by 0.8% in year-on-year (YoY) terms to Rs. 172,850 crores. In addition to this, the bank deposit which includes fixed and recurring deposits grew 54.7% to Rs. 162,947 crores as compared to ₹105,364 crores on a yearly basis. The CASA(current and savings account) was up 51.8% to Rs. 42,587 crores against Rs. 28,063 crores YoY.
  • 2021-04-05 : Karnataka Bank targeting 1.42 lakh business turnover in FY 22
    Karnataka Bank is looking for 12% business growth in the current fiscal and targeting 1.42 lakh business turnover. The bank emphasised that it is planning to leverage digital banking to achieve its target.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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