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Compare ICICI Bank vs PNB Housing Finance Loan Against Property

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Bank
Interest Rate
Interest Rate
8.35% - 9.50%
9.50% - 10.65%
Processing Fees
Processing Fees
Upto 0.50%
Upto 0.75%
Maximum Loan Amount
Maximum Loan Amount
₹ 7 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 60%
Upto 60%
Maximum Tenure
Maximum Tenure
15 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 976
₹ 932
Benchmark Rate
Benchmark Rate
RLLR
PLR
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)
3.7/5.0
4.2/5.0
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Compare Loan Against Property EMI of ICICI Bank and PNB Housing Finance

Loan Amount ICICI Bank PNB Housing Finance
₹ 10 Lakh ₹ 9,760 ₹ 9,321
₹ 15 Lakh ₹ 14,640 ₹ 13,982
₹ 30 Lakh ₹ 29,279 ₹ 27,964
₹ 50 Lakh ₹ 48,798 ₹ 46,607

Which is a better bank for Loan Against Property – ICICI Bank or PNB Housing Finance?

PNB Housing Finance offers lower Loan Against Property EMI at ₹ 932 on a Loan Against Property for 20 Years as compared to ICICI Bank with a minimum EMI of ₹ 976 for 15 Years. Average customer ratings for PNB Housing Finance is currently at 4.2/5.0 which makes it a good choice for taking a Loan Against Property.

How does ICICI Bank Loan Against Property compare with PNB Housing Finance Loan Against Property?

It is important to do a detailed comparison of ICICI Bank and PNB 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 ICICI Bank Loan Against Property is 8.35%, which is lower than the lowest interest rate of PNB Housing Finance at 9.50% 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 PNB Housing Finance with a processing fees of 0.75% of loan amount.
  • ICICI Bank and PNB Housing Finance offer mortgage loan upto 60% of the value of the property. Hence, the same loan to property value ratio makes them a comparable option to choose from.
  • ICICI Bank is a with its Loan Against Property rates benchmarked to RLLR. PNB Housing Finance is a with its home loan rates benchmarked to PLR.
  • PNB Housing Finance has an average customer ratings of 4.2, while ICICI Bank has an average customer rating of 3.7, based on which it is clear that PNB Housing Finance has a high customer service focus, an easy Loan Against Property process and a quick turnaround.

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

As per the current rates, ICICI Bank offers a lower interest rate of 8.35% on Loan Against Property when compared to PNB Housing Finance which offers a Loan Against Property at 9.50%.

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Loan Against Property News - Sep 2021
  • 2021-09-20 : PNB Introduces Festival Bonanza Offer
    Punjab National Bank (PNB) has introduced a festival bonanza offer under which they reduced home loan interest to 6.80%. Also, the lender has waived off processing fees and documentation charges on all retail loans like home loans, personal loans, car loans, gold loans, property loans. These charges are valid till December 31, 2021.
  • 2021-09-01 : Mortgage lending has increased GDP by 11%
    National Housing Bank has informed that mortgage lending in India has increased India’s Gross Domestic Product (GDP) by 11%, an economy worth Rs 27 trillion. 65% of the loans are provided by banks and the rest 35% by NBFCs.
  • 2021-08-24 : Cholamandalam increases loan against property rates
    Cholamandalam has increased the interest rate on the loan against property. The lender is charging an interest rate of 11%, earlier it was 10%. The processing fee has also been increased to 2% of the loan amount.
  • 2021-08-16 : Bank of Maharashtra emerge as a top performer
    Bank of Maharashtra has emerged as a top performer among public sector lenders in terms of loans and deposits. The bank has recorded 14.46 percent increase in gross advances at Rs 1,10,592 lakh crore in April-June period of 2021-22.
  • 2021-08-13 : HDFC Bank presents Festive Offer
    HDFC Bank is offering various offers on the occasion of the Onam festival in Kerela. It is offering benefits on a car loan, two-wheeler loan, home loan, business loans, gold Loan, Loan against Securities and Loan against the property. Also, HDFC debit cards and credit cardholders will also get cashback and discounts. This offer is valid till September 30, 2021.
*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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