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Compare Central Bank of India vs Kotak Bank Loan Against Property

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Interest Rate
Interest Rate
13.75% - 13.75%
9.50% - 11.70%
Processing Fees
Processing Fees
Upto 0.50%
Max ₹ 20,000
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 3 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 55%
Maximum Tenure
Maximum Tenure
10 Years
12 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,538
₹ 1,166
Benchmark Rate
Benchmark Rate
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
Y - OD
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of Central Bank of India and Kotak Bank

Loan Amount Central Bank of India Kotak Bank
₹ 10 Lakh ₹ 15,377 ₹ 11,664
₹ 15 Lakh ₹ 23,065 ₹ 17,496
₹ 30 Lakh ₹ 46,130 ₹ 34,991
₹ 50 Lakh ₹ 76,883 ₹ 58,319

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

Kotak Bank offers lower Loan Against Property EMI at ₹ 1,166 on a Loan Against Property for 12 Years as compared to Central Bank of India with a minimum EMI of ₹ 1,538 for 10 Years. Average customer ratings for Kotak Bank is currently at 3.1/5.0 which makes it a good choice for taking a Loan Against Property.

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

It is important to do a detailed comparison of Kotak Bank 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 Kotak Bank Loan Against Property is 9.50%, which is lower than the lowest interest rate of Central Bank of India at 13.75% and hence, Kotak Bank 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 Kotak Bank with a processing fees of 1.00% of loan amount.
  • Central Bank of India offers Loan Against Property upto 55% of the property value while Kotak 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 with its Loan Against Property rates benchmarked to RLLR. On the other hand, Kotak Bank 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.
  • Kotak Bank has an average customer ratings of 3.1, while has an average customer rating of , based on which it is clear that Kotak Bank has a high customer service focus, an easy Loan Against Property process and a quick turnaround.
  • Kotak Bank offers special discounted rate Loan Against Property schemes for women, while Central Bank of India currently doesn’t have such schemes for women. Hence, women borrowers should consider Kotak Bank.
  • 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 – Kotak Bank or Central Bank of India?

As per the current rates, Kotak Bank offers a lower interest rate of 9.50% on Loan Against Property when compared to Central Bank of India which offers a Loan Against Property at 13.75%.

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Loan Against Property News - Sep 2021
  • 2021-09-20 : PNB Introduces Festival Bonanza Offer
    Punjab National Bank (PNB) has introduced a festival bonanza offer under which they reduced home loan interest to 6.80%. Also, the lender has waived off processing fees and documentation charges on all retail loans like home loans, personal loans, car loans, gold loans, property loans. These charges are valid till December 31, 2021.
  • 2021-09-01 : Mortgage lending has increased GDP by 11%
    National Housing Bank has informed that mortgage lending in India has increased India’s Gross Domestic Product (GDP) by 11%, an economy worth Rs 27 trillion. 65% of the loans are provided by banks and the rest 35% by NBFCs.
  • 2021-08-24 : Cholamandalam increases loan against property rates
    Cholamandalam has increased the interest rate on the loan against property. The lender is charging an interest rate of 11%, earlier it was 10%. The processing fee has also been increased to 2% of the loan amount.
  • 2021-08-16 : Bank of Maharashtra emerge as a top performer
    Bank of Maharashtra has emerged as a top performer among public sector lenders in terms of loans and deposits. The bank has recorded 14.46 percent increase in gross advances at Rs 1,10,592 lakh crore in April-June period of 2021-22.
  • 2021-08-13 : HDFC Bank presents Festive Offer
    HDFC Bank is offering various offers on the occasion of the Onam festival in Kerela. It is offering benefits on a car loan, two-wheeler loan, home loan, business loans, gold Loan, Loan against Securities and Loan against the property. Also, HDFC debit cards and credit cardholders will also get cashback and discounts. This offer is valid till September 30, 2021.
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