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Compare ICICI Bank vs Indian Bank Loan Against Property

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Interest Rate
Interest Rate
9.75% - 10.40%
10.50% - 10.65%
Processing Fees
Processing Fees
Upto 0.50%
Upto 1.17%
Maximum Loan Amount
Maximum Loan Amount
₹ 7 Cr
₹ 2 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 60%
Upto 50%
Maximum Tenure
Maximum Tenure
15 Years
7 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,059
₹ 1,686
Benchmark Rate
Benchmark Rate
Minimum Age
Minimum Age
21 Years
18 Years
Maximum Age
Maximum Age
65 Years
60 Years
Overdraft Facility
Overdraft Facility
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of ICICI Bank and Indian Bank

Loan Amount ICICI Bank Indian Bank
₹ 10 Lakh ₹ 10,594 ₹ 16,861
₹ 15 Lakh ₹ 15,890 ₹ 25,291
₹ 30 Lakh ₹ 31,781 ₹ 50,582
₹ 50 Lakh ₹ 52,968 ₹ 84,303

Which is a better bank for Loan Against Property – ICICI Bank or Indian Bank?

ICICI Bank offers lower Loan Against Property EMI at ₹ 1,059 on a Loan Against Property for 15 Years as compared to Indian Bank with a minimum EMI of ₹ 1,686 for 7 Years. Average customer ratings for ICICI Bank is currently at 3.7/5.0 which makes it a good choice for taking a Loan Against Property.

How does ICICI Bank Loan Against Property compare with Indian Bank Loan Against Property?

It is important to do a detailed comparison of ICICI Bank and Indian 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 ICICI Bank Loan Against Property is 9.75%, which is lower than the lowest interest rate of Indian Bank at 10.50% and hence, ICICI Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, ICICI Bank charges a lower processing fees of 0.50% of the loan amount vs Indian Bank with a processing fees of 1.17% of loan amount.
  • ICICI Bank offers Loan Against Property upto 60% of the property value while Indian Bank offers mortgage loan upto 50% of property value. Hence, ICICI Bank can be a better option if you are looking for a high value amount.
  • ICICI Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, Indian 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.
  • ICICI Bank with an average customer ratings of 3.7 is equally comparable to Indian Bank with an average customer rating of 3.7, and hence, the customer can expect the same kind of service levels from these banks.
  • Indian Bank offers special discounted rate Loan Against Property schemes for women, while ICICI Bank currently doesn’t have such schemes for women. Hence, women borrowers should consider Indian Bank.

Which bank offers a lower interest rate on Loan Against Property – ICICI Bank or Indian Bank?

As per the current rates, ICICI Bank offers a lower interest rate of 9.75% on Loan Against Property when compared to Indian Bank which offers a Loan Against Property at 10.50%.

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Loan Against Property News - Oct 2022
  • 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.
  • 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.
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