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Compare HDFC Bank vs Karnataka Bank Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
8.50% - 9.50%
10.89% - 12.29%
Processing Fees
Processing Fees
Upto 0.75%
NIL
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 1 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 65%
Upto 80%
Maximum Tenure
Maximum Tenure
15 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 985
₹ 1,130
Benchmark Rate
Benchmark Rate
RLLR
RLLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
60 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 Karnataka Bank

Loan Amount HDFC Bank Karnataka Bank
₹ 10 Lakh ₹ 9,847 ₹ 11,297
₹ 15 Lakh ₹ 14,771 ₹ 16,945
₹ 30 Lakh ₹ 29,542 ₹ 33,891
₹ 50 Lakh ₹ 49,237 ₹ 56,485

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

HDFC Bank offers lower Loan Against Property EMI at ₹ 985 on a Loan Against Property for 15 Years as compared to Karnataka Bank with a minimum EMI of ₹ 1,130 for 15 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 Karnataka Bank Loan Against Property?

It is important to do a detailed comparison of HDFC Bank and Karnataka 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 8.50%, which is lower than the lowest interest rate of Karnataka Bank at 10.89% and hence, HDFC Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Karnataka Bank charges a lower processing fees of Nil vs HDFC Bank with a processing fees of 0.75% of loan amount.
  • HDFC Bank offers Loan Against Property upto 80% of the property value while Karnataka Bank offers mortgage loan upto 65% of property value. Hence, HDFC Bank can be a better option if you are looking for a high value amount.
  • HDFC Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, Karnataka 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.
  • HDFC Bank with an average customer ratings of 4.7 is equally comparable to Karnataka 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 Karnataka Bank?

As per the current rates, HDFC Bank offers a lower interest rate of 8.50% on Loan Against Property when compared to Karnataka Bank which offers a Loan Against Property at 10.89%.

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