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Compare Citibank vs LIC Housing Finance Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
6.90% - 7.90%
8.50% - 11.00%
Processing Fees
Processing Fees
NIL
Upto 0.75%
Max ₹ 25,000
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 70%
Upto 70%
Maximum Tenure
Maximum Tenure
15 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 893
₹ 985
Benchmark Rate
Benchmark Rate
TBLR
PLR
Minimum Age
Minimum Age
23 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)
4.4/5.0
5/5.0
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Compare Loan Against Property EMI of Citibank and LIC Housing Finance

Loan Amount Citibank LIC Housing Finance
₹ 10 Lakh ₹ 8,932 ₹ 9,847
₹ 15 Lakh ₹ 13,399 ₹ 14,771
₹ 30 Lakh ₹ 26,797 ₹ 29,542
₹ 50 Lakh ₹ 44,662 ₹ 49,237

Which is a better bank for Loan Against Property – Citibank or LIC Housing Finance?

Citibank offers lower Loan Against Property EMI at ₹ 893 on a Loan Against Property for 15 Years as compared to LIC Housing Finance with a minimum EMI of ₹ 985 for 15 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 LIC Housing Finance Loan Against Property?

It is important to do a detailed comparison of Citibank and LIC Housing Finance 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 LIC Housing Finance at 8.50% 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 LIC Housing Finance with a processing fees of 0.75% of loan amount.
  • Citibank and LIC Housing Finance offer mortgage loan upto 70% of the value of the property. Hence, the same loan to property value ratio makes them a comparable option to choose from.
  • Citibank is a with its Loan Against Property rates benchmarked to TBLR. LIC Housing Finance is a with its home loan rates benchmarked to PLR.
  • LIC Housing Finance has an average customer ratings of 5, while Citibank has an average customer rating of 4.4, based on which it is clear that LIC Housing Finance has a high customer service focus, an easy Loan Against Property process and a quick turnaround.

Which bank offers a lower interest rate on Loan Against Property – Citibank or LIC Housing Finance?

As per the current rates, Citibank offers a lower interest rate of 6.90% on Loan Against Property when compared to LIC Housing Finance which offers a Loan Against Property at 8.50%.

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Loan Against Property News - Oct 2021
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    Yes Bank has posted a growth in net profit of 74.3 percent to Rs 225 crore in the Q2 (FY2022) ended September 2021. There was an uptick in non-interest income and a dip in provisions due to lower slippages. The bank had posted a net profit of Rs 129 crore for Q2 in FY2021.
  • 2021-10-22 : IDBI Bank Net Profit Jumps To 75 percent
    IDBI Bank reported a 75 percent year-on-year (y-o-y) jump in net profit to Rs 567 crore for the quarter ended September. This is a result driven by a reduction in employee costs and an improvement in net interest income (NII). The bank’s NII, or the difference between interest earned and interest expended, rose 9.45 percent y-o-y to Rs 1,854 crore.
  • 2021-10-22 : South Indian Bank Ltd Posts Loss in Q2 FY2021-22
    For the quarter ended September 30, 2021, the total income of the bank was ₹ 1746.03 crores as against ₹2115.71 crores in the corresponding quarter of the previous year and ₹2081.73 crores in the previous quarter. As a result, the bank has reported a loss of Rs. 187.06 crore for Q2 of FY 2021-22.
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    Bank of Maharashtra posted a 102.71 percent Y-o-Y rise in its net profit to Rs 264 crore for the September quarter (Q2). The net interest margin improved to 3.27 percent on a Y-o-Y basis against 2.3% in the comparable quarter last year. Net interest income increased by 33.84 percent to Rs 1,500 crore, compared with Rs 1,120 crore during Q2FY21.
  • 2021-10-20 : Banks Gross NPAs To Increase To 8-9 Percent
    Gross Non-Performing Assets (NPAs) of banks are expected to increase to 8-9 percent in the current fiscal year according to reports of Crisil. Agency also suggests that Emergency Credit Line Guarantee Scheme (ECLGS) will help limit this increase.
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