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Compare Loan Against Property - Corporation Bank vs Bajaj Home Finance

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Bank
Parameters
Interest Rate
Interest Rate
11.35% - 13.35%
9.00% - 10.00%
Processing Fees
Processing Fees
Upto 1.00%
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 4 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 75%
Maximum Tenure
Maximum Tenure
10 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,397
₹ 900
Benchmark Rate
Benchmark Rate
RLLR
PLR
Minimum Age
Minimum Age
18 Years
25 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 EMI of Corporation Bank and Bajaj Home Finance Loan Against Property

Loan Amount Corporation Bank Bajaj Home Finance
₹ 10 Lakh ₹ 13,974 ₹ 8,997
₹ 15 Lakh ₹ 20,961 ₹ 13,496
₹ 30 Lakh ₹ 41,922 ₹ 26,992
₹ 50 Lakh ₹ 69,869 ₹ 44,986

Which is a better bank for Loan Against Property – Bajaj Home Finance or Corporation Bank?

Bajaj Home Finance offers lower Loan Against Property EMI at ₹ 900 on a Loan Against Property for 20 Years as compared to Corporation Bank with a minimum EMI of ₹ 1,397 for 10 Years. Average customer ratings for Bajaj Home Finance is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

How does Bajaj Home Finance Loan Against Property compare with Corporation Bank Loan Against Property?

It is important to do a detailed comparison of Bajaj Home Finance and Loan Against Property on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own 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 Bajaj Home Finance Loan Against Property is 9.00%, which is lower than the lowest interest rate of Corporation Bank at 11.35% and hence, Bajaj Home Finance is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, all banks Bajaj Home Finance, Corporation Bank and charge the same amount of processing fees as a 1.00% of the loan amount.
  • Corporation Bank offers Loan Against Property upto 75% of the property value while Bajaj Home Finance offers mortgage loan upto 50% of property value. Hence, Corporation Bank can be a better option if you are looking for a high value amount.
  • Corporation Bank is a Public Sector Bank with its Loan Against Property rates benchmarked to RLLR. Bajaj Home Finance is a HFC 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 lower interest rate on Loan Against Property – Bajaj Home Finance or Corporation Bank?

As per the current rates, Bajaj Home Finance offers a lower interest rate of 9.00% on Loan Against Property when compared to Corporation Bank which offers a Loan Against Property at 11.35%.

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Loan Against Property News - Jun 2021
  • 2021-06-14 : IDFC First Bank’s helping hand for the covid-affected families of employees
    To help the families of employees who lost their lives due to covid, IDFC First Bank is offering compensation of upto 4 times of the CTC along with a salary of two years. Along with that, the bank is also wavering the loans of such employees to reduce the burden on the employees’ family.
  • 2021-06-10 : Rural Loan Collections to be affected by the Second wave
    As the borrowers are continuously facing the issues created by the pandemic, India Ratings - a rating agency reported that the collections of Rural Loan which includes Home Loan, Loan Against Property, Business Loan, Personal Loan, etc. will be vastly affected because of the second wave of Covid-19.
  • 2021-06-10 : Edelweiss to become co-lending partners with Central Bank of India
    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
  • 2021-06-10 : Central Bank of India to become co-lending partners with Edelweiss
    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
  • 2021-06-09 : Growth of upto 18% expected by IIFL Home Finance on loans
    IIFL Home Finance expects a growth on its loan book which includes Home loans and Loan against property of upto 18%.
*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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