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Compare Corporation Bank vs Allahabad Bank Loan Against Property

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Bank
Interest Rate
Interest Rate
11.35% - 13.35%
14.15% - 14.15%
Processing Fees
Processing Fees
Upto 1.00%
Upto 0.53%
Min ₹ 2,670; Max ₹ 80,100
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 2 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 50%
Maximum Tenure
Maximum Tenure
10 Years
9 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,397
₹ 1,642
Benchmark Rate
Benchmark Rate
RLLR
RLLR
Minimum Age
Minimum Age
18 Years
21 Years
Maximum Age
Maximum Age
65 Years
70 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 Corporation Bank and Allahabad Bank

Loan Amount Corporation Bank Allahabad Bank
₹ 10 Lakh ₹ 13,974 ₹ 16,422
₹ 15 Lakh ₹ 20,961 ₹ 24,632
₹ 30 Lakh ₹ 41,922 ₹ 49,265
₹ 50 Lakh ₹ 69,869 ₹ 82,108

Which is a better bank for Loan Against Property – Corporation Bank or Allahabad Bank?

Corporation Bank offers lower Loan Against Property EMI at ₹ 1,397 on a Loan Against Property for 10 Years as compared to Allahabad Bank with a minimum EMI of ₹ 1,642 for 9 Years. Average customer ratings for Corporation Bank is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

How does Corporation Bank Loan Against Property compare with Allahabad Bank Loan Against Property?

It is important to do a detailed comparison of Corporation Bank and Allahabad 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 Corporation Bank Loan Against Property is 11.35%, which is lower than the lowest interest rate of Allahabad Bank at 14.15% and hence, Corporation Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Allahabad Bank charges a lower processing fees of 0.53% of the loan amount vs Corporation Bank with a processing fees of 1.00% of loan amount.
  • Allahabad Bank and Corporation Bank offer mortgage loan upto 50% of the value of the property. Hence, the same loan to property value ratio makes them a comparable option to choose from.
  • Allahabad Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, Corporation 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.
  • 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 – Corporation Bank or Allahabad Bank?

As per the current rates, Corporation Bank offers a lower interest rate of 11.35% on Loan Against Property when compared to Allahabad Bank which offers a Loan Against Property at 14.15%.

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