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Compare Corporation Bank vs United Bank of India Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
11.35% - 13.35%
10.75% - 10.75%
Processing Fees
Processing Fees
Upto 1.00%
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 60%
Maximum Tenure
Maximum Tenure
10 Years
7 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,397
₹ 1,699
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
Y - OD
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of Corporation Bank and United Bank of India

Loan Amount Corporation Bank United Bank of India
₹ 10 Lakh ₹ 13,974 ₹ 16,991
₹ 15 Lakh ₹ 20,961 ₹ 25,487
₹ 30 Lakh ₹ 41,922 ₹ 50,974
₹ 50 Lakh ₹ 69,869 ₹ 84,956

Which is a better bank for Loan Against Property – United Bank of India or Corporation Bank?

Corporation Bank offers lower Loan Against Property EMI at ₹ 1,397 on a Loan Against Property for 10 Years as compared to United Bank of India with a minimum EMI of ₹ 1,699 for 7 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 United Bank of India Loan Against Property compare with Corporation Bank Loan Against Property?

It is important to do a detailed comparison of United Bank of India 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 United Bank of India Loan Against Property is 10.75%, which is lower than the lowest interest rate of Corporation Bank at 11.35% and hence, United Bank of India is offering a cheaper loan option.
  • When compared to other Loan Against Property charges such as processing fees Corporation Bank and United Bank of India charge the lowest processing fees as 1.00% of the loan amount.
  • Corporation Bank offers Loan Against Property upto 60% of the property value while United Bank of India 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, United Bank of India 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.
  • One unique feature of United Bank of India is its overdraft facility which allows borrowers to minimize their interest outgo by paying interest only on the loan amount utilized. This scheme makes it an apt choice for self-employed and businessmen with fluctuating fund requirements.

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

As per the current rates, United Bank of India offers a lower interest rate of 10.75% 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
  • 2021-10-20 : 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.
  • 2021-10-18 : HDFC Bank Posts 17.2 Percent Profits In Q2
    Private sector bank, HDFC Bank has posted a 17.6 percent rise in net profit at Rs 8,834.3 crore in the second quarter ended September 30, 2021. The lender had posted a net profit of Rs 7,513.1 crore in Q2 of 2020.
  • 2021-10-12 : IDFC First Bank Revises Interest Rate For Loan Against Property
    Indian private sector bank, IDFC First Bank has reduced interest rates for loans against property. Currently, the lender is offering loans at an interest rate of 7.50% for all the loan amounts.
  • 2021-10-11 : Punjab National Bank Introduces 6S Campaign
    Punjab National Bank (PNB) has launched the 6S Campaign. The campaign consists of schemes like Swabhiman, Samruddhi, Sampark and Shikhar, Sankalp and Swagat. The objective of the campaign is to spread awareness about the development of financial services and accelerate credit growth, improve penetration of social security schemes and drive digital banking push.
  • 2021-10-06 : Central Bank of India Partners With IIFL Home Finance
    Central Bank of India has announced a strategic co-lending partnership with IIFL Home Finance. Under the partnership, IIFL Home Finance Ltd will process credit parameters and eligibility criteria. Central Bank of India will take into its book 80% of the SME LAP Loans under mutually agreed terms.
*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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