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Compare Loan Against Property - HSBC Bank vs Dhan Laxmi Bank

Download Comparison
Bank
Parameters
Interest Rate
Interest Rate
9.80% - 9.80%
11.55% - 12.35%
Processing Fees
Processing Fees
Upto 1.00%
Min ₹ 10,000;
Upto 1.50%
Min ₹ 10,000;
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 65%
Upto 65%
Maximum Tenure
Maximum Tenure
15 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,062
₹ 1,171
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
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare EMI of HSBC Bank and Dhan Laxmi Bank Loan Against Property

Loan Amount HSBC Bank Dhan Laxmi Bank
₹ 10 Lakh ₹ 10,624 ₹ 11,714
₹ 15 Lakh ₹ 15,936 ₹ 17,571
₹ 30 Lakh ₹ 31,872 ₹ 35,141
₹ 50 Lakh ₹ 53,120 ₹ 58,569

Which is a better bank for Loan Against Property – HSBC Bank or Dhan Laxmi Bank?

HSBC Bank offers lower Loan Against Property EMI at ₹ 1,062 on a Loan Against Property for 15 Years as compared to Dhan Laxmi Bank with a minimum EMI of ₹ 1,171 for 15 Years. Average customer ratings for HSBC Bank is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

How does HSBC Bank Loan Against Property compare with Dhan Laxmi Bank Loan Against Property?

It is important to do a detailed comparison of HSBC Bank and Loan Against Property on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own 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 HSBC Bank Loan Against Property is 9.80%, which is lower than the lowest interest rate of Dhan Laxmi Bank at 11.55% and hence, HSBC Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, HSBC Bank charges a lower processing fees of 1.00% of the loan amount vs Dhan Laxmi Bank with a processing fees of 1.50% of loan amount.
  • Maximum processing fees which the banks charge from their Loan Against Property borrowers is ₹ 10,000 and hence, there is no difference in terms of the capping on loan fees.
  • Dhan Laxmi Bank and HSBC Bank offer mortgage loan upto 65% of the value of the property. Hence, the same loan to property value ratio makes them a comparable option to choose from.
  • Dhan Laxmi Bank is a Private Bank with its Loan Against Property rates benchmarked to RLLR. HSBC Bank is a Foreign Bank with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to same rate which make them a comparable option to choose from.
  • with an average customer ratings of is equally comparable to with an average customer rating of , and hence, the customer can expect the same kind of service levels from these banks.

Which bank offers lower interest rate on Loan Against Property – HSBC Bank or Dhan Laxmi Bank?

As per the current rates, HSBC Bank offers a lower interest rate of 9.80% on Loan Against Property when compared to Dhan Laxmi Bank which offers a Loan Against Property at 11.55%.

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Loan Against Property News - Jun 2021
  • 2021-06-10 : Rural Loan Collections to be affected by the Second wave
    As the borrowers are continuously facing the issues created by the pandemic, India Ratings - a rating agency reported that the collections of Rural Loan which includes Home Loan, Loan Against Property, Business Loan, Personal Loan, etc. will be vastly affected because of the second wave of Covid-19.
  • 2021-06-10 : Edelweiss to become co-lending partners with Central Bank of India
    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
  • 2021-06-10 : Central Bank of India to become co-lending partners with Edelweiss
    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
  • 2021-06-09 : Growth of upto 18% expected by IIFL Home Finance on loans
    IIFL Home Finance expects a growth on its loan book which includes Home loans and Loan against property of upto 18%.
  • 2021-06-09 : IIFL Home Finance signs MOU with Central bank of India
    IIFL Home Finance signed a MOU with Central bank of India for co-lending. The Central bank will be providing 80% of the loan amount of IIFL.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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