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Compare Federal Bank vs PNB Housing Finance Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
11.00% - 11.00%
8.75% - 11.90%
Processing Fees
Processing Fees
Upto 0.50%
Min ₹ 3,000; Max ₹ 7,500
Upto 0.75%
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
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,378
₹ 884
Benchmark Rate
Benchmark Rate
RLLR
PLR
Minimum Age
Minimum Age
25 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
Y - Home Saver
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.5/5.0
4.2/5.0
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Compare Loan Against Property EMI of Federal Bank and PNB Housing Finance

Loan Amount Federal Bank PNB Housing Finance
₹ 10 Lakh ₹ 13,775 ₹ 8,837
₹ 15 Lakh ₹ 20,662 ₹ 13,256
₹ 30 Lakh ₹ 41,325 ₹ 26,511
₹ 50 Lakh ₹ 68,875 ₹ 44,186

Which is a better bank for Loan Against Property – PNB Housing Finance or Federal Bank?

PNB Housing Finance offers lower Loan Against Property EMI at ₹ 884 on a Loan Against Property for 20 Years as compared to Federal Bank with a minimum EMI of ₹ 1,378 for 10 Years. Average customer ratings for PNB Housing Finance is currently at 4.2/5.0 which makes it a good choice for taking a Loan Against Property.

How does PNB Housing Finance Loan Against Property compare with Federal Bank Loan Against Property?

It is important to do a detailed comparison of PNB Housing Finance 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 PNB Housing Finance Loan Against Property is 8.75%, which is lower than the lowest interest rate of Federal Bank at 11.00% and hence, PNB Housing Finance 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 PNB Housing Finance with a processing fees of 0.75% of loan amount.
  • Federal Bank offers Loan Against Property upto 60% of the property value while PNB Housing Finance 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. PNB Housing Finance is a with its home loan rates benchmarked to PLR.
  • Federal Bank has an average customer ratings of 4.5, while PNB Housing Finance has an average customer rating of 4.2, 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 – PNB Housing Finance or Federal Bank?

As per the current rates, PNB Housing Finance offers a lower interest rate of 8.75% on Loan Against Property when compared to Federal Bank which offers a Loan Against Property at 11.00%.

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Loan Against Property News - Dec 2022
  • 2022-11-02 : Karnataka Bank Registers Net Profit in the Q2 of 2022-23
    The bank has registered a net profit of ₹411.63 crores in the Q2 of 2022-23. In the corresponding quarter, it saw ₹125.61 crores, thus registering a growth of 227.70 percent.
  • 2022-10-18 : SBI Credit Card Holders ALERT! State Bank hikes charges on EMI transactions, Rent Payments
    In a move that may further make credit card usage costlier, the State Bank of India has revised certain charges for its credit card users. The new charges will come into effect from November 15. The processing fee on merchant EMI transactions has been revised to Rs 199 + applicable taxes from earlier Rs 99 + applicable taxes. Processing fee on rent payment transactions will be Rs 99 + applicable taxes," said the bank.
  • 2022-09-12 : Indian Overseas Bank raises MCLR rates by up to 0.10%
    Indian Overseas Bank has revised upwards the MCLR rates by 0.10 per cent across tenors. The benchmark 1-year tenor marginal cost of funds based lending rate (MCLR) has been revised to 7.75 per cent against the existing rate of 7.65 per cent. The two and three-year MCLRs have been hiked by a similar margin to 7.80 per cent each.
  • 2022-08-18 : HDFC bank opens its first all women branch in Kerela`s kozhikode.
    HDFC has opened its first all-women branch in Kozhikode. The branch, located in Cherootty Road, the hub of traders in the district, will have 4 women bankers. HDFC Bank is driving diversity and inclusion within the organization with a special focus on enhancing gender diversity.
  • 2022-08-18 : CCI`s nod to the merger of HDFC Bank, HDFC Ltd.
    The Competition Commission of India (CCI) has approved the proposal of merger of HDFC Bank and HDFC Ltd. Commission`s positive response to the combination involving amalgamation of HDFC Limited, HDFc Bank, HDFC Investments and HDFC Holdings.
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