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Compare Edelweiss vs Federal Bank Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
9.25% - 18.20%
10.10% - 10.10%
Processing Fees
Processing Fees
Upto 2.00%
Upto 0.50%
Min ₹ 3,000; Max ₹ 7,500
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 60%
Upto 50%
Maximum Tenure
Maximum Tenure
15 Years
10 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,029
₹ 1,327
Benchmark Rate
Benchmark Rate
PLR
RLLR
Minimum Age
Minimum Age
25 Years
25 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
N
Y - Home Saver
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.5/5.0
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Compare Loan Against Property EMI of Edelweiss and Federal Bank

Loan Amount Edelweiss Federal Bank
₹ 10 Lakh ₹ 10,292 ₹ 13,271
₹ 15 Lakh ₹ 15,438 ₹ 19,906
₹ 30 Lakh ₹ 30,876 ₹ 39,812
₹ 50 Lakh ₹ 51,460 ₹ 66,353

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

Edelweiss offers lower Loan Against Property EMI at ₹ 1,029 on a Loan Against Property for 15 Years as compared to Federal Bank with a minimum EMI of ₹ 1,327 for 10 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 Edelweiss Loan Against Property compare with Federal Bank Loan Against Property?

It is important to do a detailed comparison of Edelweiss and Federal 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 Edelweiss Loan Against Property is 9.25%, which is lower than the lowest interest rate of Federal Bank at 10.10% and hence, Edelweiss is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Federal Bank charges a lower processing fees of 0.50% of the loan amount vs Edelweiss with a processing fees of 2.00% of loan amount.
  • Federal Bank offers Loan Against Property upto 60% of the property value while Edelweiss offers mortgage loan upto 50% of property value. Hence, Federal Bank can be a better option if you are looking for a high value amount.
  • Federal Bank is a with its Loan Against Property rates benchmarked to RLLR. Edelweiss is a with its home loan rates benchmarked to PLR.
  • Federal Bank has an average customer ratings of 4.5, while has an average customer rating of , based on which it is clear that Federal Bank has a high customer service focus, an easy Loan Against Property process and a quick turnaround.
  • One unique feature of Federal Bank 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 – Edelweiss or Federal Bank?

As per the current rates, Edelweiss offers a lower interest rate of 9.25% on Loan Against Property when compared to Federal Bank which offers a Loan Against Property at 10.10%.

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*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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