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Compare Citibank vs Indian Bank Loan Against Property

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Bank
Interest Rate
Interest Rate
6.90% - 7.90%
10.50% - 10.65%
Processing Fees
Processing Fees
NIL
Upto 1.17%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 2 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 70%
Upto 50%
Maximum Tenure
Maximum Tenure
15 Years
7 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 893
₹ 1,686
Benchmark Rate
Benchmark Rate
TBLR
RLLR
Minimum Age
Minimum Age
23 Years
18 Years
Maximum Age
Maximum Age
65 Years
60 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.4/5.0
4.4/5.0
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Compare Loan Against Property EMI of Citibank and Indian Bank

Loan Amount Citibank Indian Bank
₹ 10 Lakh ₹ 8,932 ₹ 16,861
₹ 15 Lakh ₹ 13,399 ₹ 25,291
₹ 30 Lakh ₹ 26,797 ₹ 50,582
₹ 50 Lakh ₹ 44,662 ₹ 84,303

Which is a better bank for Loan Against Property – Citibank or Indian Bank?

Citibank offers lower Loan Against Property EMI at ₹ 893 on a Loan Against Property for 15 Years as compared to Indian Bank with a minimum EMI of ₹ 1,686 for 7 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 Indian Bank Loan Against Property?

It is important to do a detailed comparison of Citibank and Indian 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 Citibank Loan Against Property is 6.90%, which is lower than the lowest interest rate of Indian Bank at 10.50% 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 Indian Bank with a processing fees of 1.17% of loan amount.
  • Citibank offers Loan Against Property upto 70% of the property value while Indian Bank 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. Indian Bank is a with its home loan rates benchmarked to RLLR.
  • Citibank with an average customer ratings of 4.4 is equally comparable to Indian Bank with an average customer rating of 4.4, and hence, the customer can expect the same kind of service levels from these banks.
  • Indian Bank offers special discounted rate Loan Against Property schemes for women, while Citibank currently doesn’t have such schemes for women. Hence, women borrowers should consider Indian Bank.

Which bank offers a lower interest rate on Loan Against Property – Citibank or Indian Bank?

As per the current rates, Citibank offers a lower interest rate of 6.90% on Loan Against Property when compared to Indian Bank which offers a Loan Against Property at 10.50%.

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