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Compare Federal Bank vs Central Bank of India Loan Against Property

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Bank
Interest Rate
Interest Rate
10.50% - 10.50%
13.75% - 13.75%
Processing Fees
Processing Fees
Upto 0.50%
Min ₹ 3,000; Max ₹ 7,500
Upto 0.50%
Max ₹ 20,000
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 10 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 50%
Maximum Tenure
Maximum Tenure
10 Years
10 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,349
₹ 1,538
Benchmark Rate
Benchmark Rate
RLLR
RLLR
Minimum Age
Minimum Age
25 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
Y - Home Saver
Y - OD
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.5/5.0
4.5/5.0
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Compare Loan Against Property EMI of Federal Bank and Central Bank of India

Loan Amount Federal Bank Central Bank of India
₹ 10 Lakh ₹ 13,494 ₹ 15,377
₹ 15 Lakh ₹ 20,240 ₹ 23,065
₹ 30 Lakh ₹ 40,480 ₹ 46,130
₹ 50 Lakh ₹ 67,468 ₹ 76,883

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

Federal Bank offers lower Loan Against Property EMI at ₹ 1,349 on a Loan Against Property for 10 Years as compared to Central Bank of India with a minimum EMI of ₹ 1,538 for 10 Years. Average customer ratings for Federal Bank is currently at 4.5/5.0 which makes it a good choice for taking a Loan Against Property.

How does Federal Bank Loan Against Property compare with Central Bank of India Loan Against Property?

It is important to do a detailed comparison of Federal Bank and Central Bank of India 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 Federal Bank Loan Against Property is 10.50%, which is lower than the lowest interest rate of Central Bank of India at 13.75% and hence, Federal Bank is offering a cheaper loan option.
  • When compared to other Loan Against Property charges such as processing fees Central Bank of India and Federal Bank charge the lowest processing fees as 0.50% of the loan amount.
  • Central Bank of India and Federal Bank offer mortgage loan upto 50% of the value of the property. Hence, the same loan to property value ratio makes them a comparable option to choose from.
  • Central Bank of India is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, Federal 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.
  • Central Bank of India with an average customer ratings of 4.5 is equally comparable to Federal Bank with an average customer rating of 4.5, and hence, the customer can expect the same kind of service levels from these banks.
  • One unique feature overdraft facility, which is nowadays a popular facility demanded by high salaried and business customers, and is offered by Central Bank of India and Federal Bank.

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

As per the current rates, Federal Bank offers a lower interest rate of 10.50% on Loan Against Property when compared to Central Bank of India which offers a Loan Against Property at 13.75%.

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Loan Against Property News - May 2022
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  • 2022-04-28 : Union Bank Rolls out Automated Solution for Recovery of Bad Loans
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