Compare HDFC Bank vs Andhra Bank Loan Against Property

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Bank	SBI HDFC ICICI Bank Axis Bank Citibank PNB Housing Finance LIC Housing Finance Kotak Bank Yes Bank Bajaj Home Finance IDFC First Bank RBL Bank Syndicate Bank IDBI Bank United Bank of India Lakshmi Vilas Bank Allahabad Bank Bank of India Canara Bank Central Bank of India Punjab and Sind Bank UCO Bank Union Bank of India South Indian Bank DBS Bank India Shelters Piramal Housing Finance Cholamandalam IndusInd Bank Jammu And Kashmir Bank Federal Bank Edelweiss Karnataka Bank Dhan Laxmi Bank DCB Bank Indiabulls HDFC Bank Karur Vysya Bank PNB OBC Indian Overseas Bank Indian Bank Corporation Bank HSBC Bank Standard Chartered Bank	SBI HDFC ICICI Bank Axis Bank Citibank PNB Housing Finance LIC Housing Finance Kotak Bank Yes Bank Bajaj Home Finance IDFC First Bank RBL Bank Syndicate Bank IDBI Bank United Bank of India Allahabad Bank Andhra Bank Bank of India Canara Bank Central Bank of India Punjab and Sind Bank UCO Bank Union Bank of India Federal Bank DBS Bank India Shelters Piramal Housing Finance Cholamandalam IndusInd Bank Lakshmi Vilas Bank Jammu And Kashmir Bank Edelweiss South Indian Bank Karnataka Bank Dhan Laxmi Bank DCB Bank Indiabulls Karur Vysya Bank PNB OBC Indian Overseas Bank Indian Bank Corporation Bank HSBC Bank Standard Chartered Bank
Interest Rate	Interest Rate 8.00% - 8.95%	10.75% - 11.25%
Processing Fees	Processing Fees Upto 0.50% Max ₹ 7,500	NIL
Maximum Loan Amount	Maximum Loan Amount ₹ 5 Cr	₹ 2 Cr
Loan to Property Value Ratio	Loan to Property Value Ratio Upto 65%	Upto 50%
Maximum Tenure	Maximum Tenure 15 Years	10 Years
Lowest EMI Per Lakh	Lowest EMI Per Lakh ₹ 956	₹ 1,363
Benchmark Rate	Benchmark Rate RLLR	RLLR
Minimum Age	Minimum Age 21 Years	21 Years
Maximum Age	Maximum Age 65 Years	65 Years
Overdraft Facility	Overdraft Facility Y - Dropline OD Against Property	N
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews) 4.7/5.0	4.7/5.0

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Compare Loan Against Property EMI of HDFC Bank and Andhra Bank

Loan Amount	HDFC Bank	Andhra Bank
₹ 10 Lakh	₹ 9,557	₹ 13,634
₹ 15 Lakh	₹ 14,335	₹ 20,451
₹ 30 Lakh	₹ 28,670	₹ 40,902
₹ 50 Lakh	₹ 47,783	₹ 68,169

Which is a better bank for Loan Against Property – HDFC Bank or Andhra Bank?

HDFC Bank offers lower Loan Against Property EMI at ₹ 956 on a Loan Against Property for 15 Years as compared to Andhra Bank with a minimum EMI of ₹ 1,363 for 10 Years. Average customer ratings for HDFC Bank is currently at 4.7/5.0 which makes it a good choice for taking a Loan Against Property.

How does HDFC Bank Loan Against Property compare with Andhra Bank Loan Against Property?

It is important to do a detailed comparison of HDFC Bank and Andhra 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 HDFC Bank Loan Against Property is 8.00%, which is lower than the lowest interest rate of Andhra Bank at 10.75% and hence, HDFC Bank is offering a cheaper loan option.
When compared on other Loan Against Property charges such as processing fees, Andhra Bank charges a lower processing fees of Nil vs HDFC Bank with a processing fees of 0.50% of loan amount.
Andhra Bank offers Loan Against Property upto 65% of the property value while HDFC Bank offers mortgage loan upto 50% of property value. Hence, Andhra Bank can be a better option if you are looking for a high value amount.
Andhra Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, HDFC 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.
Andhra Bank with an average customer ratings of 4.7 is equally comparable to HDFC Bank with an average customer rating of 4.7, and hence, the customer can expect the same kind of service levels from these banks.
One unique feature of HDFC 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 – HDFC Bank or Andhra Bank?

As per the current rates, HDFC Bank offers a lower interest rate of 8.00% on Loan Against Property when compared to Andhra Bank which offers a Loan Against Property at 10.75%.

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Loan Against Property News - Jun 2022

2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21.
2022-05-03 : HDFC Profit Rises by 16% for Q4 of FY 2022
Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII).
2022-05-02 : Union Bank Becomes the First Public Sector Bank to Go Live on Account Aggregator Framework.
The Account Aggregator Framework has linked 332,000 accounts and has fulfilled over 310,000 consent requests since it has gone live. AA ensures swift data sharing with the consent of the user and eliminates the need for physical documents.
2022-04-28 : Union Bank Rolls out Automated Solution for Recovery of Bad Loans
Union Bank of India will be using a first-of-its-kind stressed asset recovery automated solution (SARAS) to help the bank enforce securities, track recoveries, and enhance monitoring of stressed assets.

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