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Compare Cholamandalam vs Lakshmi Vilas Bank Loan Against Property

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Bank
Interest Rate
Interest Rate
11.00% - 14.00%
11.00% - 11.00%
Processing Fees
Processing Fees
Upto 2.00%
Upto 1.20%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 70%
Upto 60%
Maximum Tenure
Maximum Tenure
15 Years
10 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,137
₹ 1,378
Benchmark Rate
Benchmark Rate
PLR
RLLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of Cholamandalam and Lakshmi Vilas Bank

Loan Amount Cholamandalam Lakshmi Vilas Bank
₹ 10 Lakh ₹ 11,366 ₹ 13,775
₹ 15 Lakh ₹ 17,049 ₹ 20,662
₹ 30 Lakh ₹ 34,098 ₹ 41,325
₹ 50 Lakh ₹ 56,830 ₹ 68,875

Which is a better bank for Loan Against Property – Cholamandalam or Lakshmi Vilas Bank?

Cholamandalam offers lower Loan Against Property EMI at ₹ 1,137 on a Loan Against Property for 15 Years as compared to Lakshmi Vilas Bank with a minimum EMI of ₹ 1,378 for 10 Years. Average customer ratings for Cholamandalam is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

How does Cholamandalam Loan Against Property compare with Lakshmi Vilas Bank Loan Against Property?

It is important to do a detailed comparison of Cholamandalam and Lakshmi Vilas 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 Cholamandalam and Lakshmi Vilas Bank Loan Against Property is 11.00%. Hence, both banks are at par in terms of interest rates on Loan Against Property.
  • When compared on other Loan Against Property charges such as processing fees, Lakshmi Vilas Bank charges a lower processing fees of 1.20% of the loan amount vs Cholamandalam with a processing fees of 2.00% of loan amount.
  • Lakshmi Vilas Bank offers Loan Against Property upto 70% of the property value while Cholamandalam offers mortgage loan upto 60% of property value. Hence, Lakshmi Vilas Bank can be a better option if you are looking for a high value amount.
  • Lakshmi Vilas Bank is a with its Loan Against Property rates benchmarked to RLLR. Cholamandalam is a with its home loan rates benchmarked to PLR.
  • with an average customer ratings of is equally comparable to with an average customer rating of , 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 – Cholamandalam or Lakshmi Vilas Bank?

The lowest interest rate for both Cholamandalam and Lakshmi Vilas Bank on Loan Against Property currently starts from 11.00%, and hence, both banks are a good choice for potential borrowers.

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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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