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Compare HDFC Bank vs Piramal Housing Finance Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
8.50% - 9.50%
11.50% - 11.50%
Processing Fees
Processing Fees
Upto 0.75%
Upto 0.50%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 65%
Upto 75%
Maximum Tenure
Maximum Tenure
15 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 985
₹ 1,066
Benchmark Rate
Benchmark Rate
RLLR
PLR
Minimum Age
Minimum Age
21 Years
23 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 Piramal Housing Finance

Loan Amount HDFC Bank Piramal Housing Finance
₹ 10 Lakh ₹ 9,847 ₹ 10,664
₹ 15 Lakh ₹ 14,771 ₹ 15,996
₹ 30 Lakh ₹ 29,542 ₹ 31,993
₹ 50 Lakh ₹ 49,237 ₹ 53,321

Which is a better bank for Loan Against Property – HDFC Bank or Piramal Housing Finance?

HDFC Bank offers lower Loan Against Property EMI at ₹ 985 on a Loan Against Property for 15 Years as compared to Piramal Housing Finance with a minimum EMI of ₹ 1,066 for 20 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 Piramal Housing Finance Loan Against Property?

It is important to do a detailed comparison of HDFC Bank and Piramal Housing Finance 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 Piramal Housing Finance at 11.50% and hence, HDFC Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Piramal Housing Finance charges a lower processing fees of 0.50% of the loan amount vs HDFC Bank with a processing fees of 0.75% of loan amount.
  • HDFC Bank offers Loan Against Property upto 75% of the property value while Piramal Housing Finance 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. Piramal Housing Finance is a with its home loan rates benchmarked to PLR.
  • HDFC Bank with an average customer ratings of 4.7 is equally comparable to Piramal Housing Finance 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 Piramal Housing Finance?

As per the current rates, HDFC Bank offers a lower interest rate of 8.50% on Loan Against Property when compared to Piramal Housing Finance which offers a Loan Against Property at 11.50%.

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