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Compare Corporation Bank vs Kotak Bank Loan Against Property

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Bank
Interest Rate
Interest Rate
11.35% - 13.35%
9.50% - 11.70%
Processing Fees
Processing Fees
Upto 1.00%
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 3 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 55%
Maximum Tenure
Maximum Tenure
10 Years
12 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,397
₹ 1,166
Benchmark Rate
Benchmark Rate
RLLR
RLLR
Minimum Age
Minimum Age
18 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)
3.1/5.0
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Compare Loan Against Property EMI of Corporation Bank and Kotak Bank

Loan Amount Corporation Bank Kotak Bank
₹ 10 Lakh ₹ 13,974 ₹ 11,664
₹ 15 Lakh ₹ 20,961 ₹ 17,496
₹ 30 Lakh ₹ 41,922 ₹ 34,991
₹ 50 Lakh ₹ 69,869 ₹ 58,319

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

Kotak Bank offers lower Loan Against Property EMI at ₹ 1,166 on a Loan Against Property for 12 Years as compared to Corporation Bank with a minimum EMI of ₹ 1,397 for 10 Years. Average customer ratings for Kotak Bank is currently at 3.1/5.0 which makes it a good choice for taking a Loan Against Property.

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

It is important to do a detailed comparison of Kotak Bank and Corporation 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 Kotak Bank Loan Against Property is 9.50%, which is lower than the lowest interest rate of Corporation Bank at 11.35% and hence, Kotak Bank is offering a cheaper loan option.
  • When compared to other Loan Against Property charges such as processing fees Corporation Bank and Kotak Bank charge the lowest processing fees as 1.00% of the loan amount.
  • Corporation Bank offers Loan Against Property upto 55% of the property value while Kotak Bank 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 with its Loan Against Property rates benchmarked to RLLR. On the other hand, Kotak 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.
  • Kotak Bank has an average customer ratings of 3.1, while has an average customer rating of , based on which it is clear that Kotak Bank has a high customer service focus, an easy Loan Against Property process and a quick turnaround.
  • Kotak Bank offers special discounted rate Loan Against Property schemes for women, while Corporation Bank currently doesn’t have such schemes for women. Hence, women borrowers should consider Kotak Bank.

Which bank offers a lower interest rate on Loan Against Property – Kotak Bank or Corporation Bank?

As per the current rates, Kotak Bank offers a lower interest rate of 9.50% 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 - Oct 2021
  • 2021-10-25 : Yes Bank Q2 Net Profit Up By 74 Percent
    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.
  • 2021-10-22 : Bank of Maharashtra Q2 Profit Jumps To 103 percent
    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.
*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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