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Compare Federal Bank vs ICICI Bank Loan Against Property

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Interest Rate
Interest Rate
11.00% - 11.00%
9.40% - 10.90%
Processing Fees
Processing Fees
Upto 0.50%
Min ₹ 3,000; Max ₹ 7,500
Upto 0.50%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 7 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 60%
Maximum Tenure
Maximum Tenure
10 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,378
₹ 1,038
Benchmark Rate
Benchmark Rate
Minimum Age
Minimum Age
25 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
Y - Home Saver
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of Federal Bank and ICICI Bank

Loan Amount Federal Bank ICICI Bank
₹ 10 Lakh ₹ 13,775 ₹ 10,382
₹ 15 Lakh ₹ 20,662 ₹ 15,573
₹ 30 Lakh ₹ 41,325 ₹ 31,146
₹ 50 Lakh ₹ 68,875 ₹ 51,910

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

ICICI Bank offers lower Loan Against Property EMI at ₹ 1,038 on a Loan Against Property for 15 Years as compared to Federal Bank with a minimum EMI of ₹ 1,378 for 10 Years. Average customer ratings for ICICI Bank is currently at 3.7/5.0 which makes it a good choice for taking a Loan Against Property.

How does ICICI Bank Loan Against Property compare with Federal Bank Loan Against Property?

It is important to do a detailed comparison of ICICI Bank 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 ICICI Bank Loan Against Property is 9.40%, which is lower than the lowest interest rate of Federal Bank at 11.00% and hence, ICICI Bank is offering a cheaper loan option.
  • When compared to other Loan Against Property charges such as processing fees Federal Bank and ICICI Bank charge the lowest processing fees as 0.50% of the loan amount.
  • Federal Bank offers Loan Against Property upto 60% of the property value while ICICI Bank 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. On the other hand, ICICI 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.
  • Federal Bank has an average customer ratings of 4.5, while ICICI Bank has an average customer rating of 3.7, 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 – ICICI Bank or Federal Bank?

As per the current rates, ICICI Bank offers a lower interest rate of 9.40% on Loan Against Property when compared to Federal Bank which offers a Loan Against Property at 11.00%.

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