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Compare Edelweiss vs Bank of India Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
9.98% - 18.20%
9.75% - 10.75%
Processing Fees
Processing Fees
Upto 2.00%
Upto 1.00%
Min ₹ 5,000; Max ₹ 50,000
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 60%
Upto 40%
Maximum Tenure
Maximum Tenure
15 Years
12 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,073
₹ 1,181
Benchmark Rate
Benchmark Rate
PLR
RLLR
Minimum Age
Minimum Age
25 Years
21 Years
Maximum Age
Maximum Age
65 Years
70 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 Edelweiss and Bank of India

Loan Amount Edelweiss Bank of India
₹ 10 Lakh ₹ 10,734 ₹ 11,807
₹ 15 Lakh ₹ 16,101 ₹ 17,710
₹ 30 Lakh ₹ 32,201 ₹ 35,420
₹ 50 Lakh ₹ 53,669 ₹ 59,034

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

Edelweiss offers lower Loan Against Property EMI at ₹ 1,073 on a Loan Against Property for 15 Years as compared to Bank of India with a minimum EMI of ₹ 1,181 for 12 Years. Average customer ratings for Edelweiss is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

How does Bank of India Loan Against Property compare with Edelweiss Loan Against Property?

It is important to do a detailed comparison of Bank of India and Edelweiss 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 Bank of India Loan Against Property is 9.75%, which is lower than the lowest interest rate of Edelweiss at 9.98% and hence, Bank of India is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Bank of India charges a lower processing fees of 1.00% of the loan amount vs Edelweiss with a processing fees of 2.00% of loan amount.
  • Bank of India offers Loan Against Property upto 60% of the property value while Edelweiss offers mortgage loan upto 40% of property value. Hence, Bank of India can be a better option if you are looking for a high value amount.
  • Bank of India is a with its Loan Against Property rates benchmarked to RLLR. Edelweiss is a 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.
  • One unique feature of 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 – Bank of India or Edelweiss?

As per the current rates, Bank of India offers a lower interest rate of 9.75% on Loan Against Property when compared to Edelweiss which offers a Loan Against Property at 9.98%.

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  • 2022-04-28 : Union Bank Rolls out Automated Solution for Recovery of Bad Loans
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