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Compare ICICI Bank vs UCO Bank Loan Against Property

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Bank
Interest Rate
Interest Rate
8.60% - 9.25%
9.45% - 10.45%
Processing Fees
Processing Fees
Upto 0.50%
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 7 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 60%
Upto 50%
Maximum Tenure
Maximum Tenure
15 Years
12 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 991
₹ 1,164
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)
3.7/5.0
2.5/5.0
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Compare Loan Against Property EMI of ICICI Bank and UCO Bank

Loan Amount ICICI Bank UCO Bank
₹ 10 Lakh ₹ 9,906 ₹ 11,635
₹ 15 Lakh ₹ 14,859 ₹ 17,453
₹ 30 Lakh ₹ 29,718 ₹ 34,906
₹ 50 Lakh ₹ 49,530 ₹ 58,176

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

ICICI Bank offers lower Loan Against Property EMI at ₹ 991 on a Loan Against Property for 15 Years as compared to UCO Bank with a minimum EMI of ₹ 1,164 for 12 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 UCO Bank Loan Against Property?

It is important to do a detailed comparison of ICICI Bank and UCO 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 8.60%, which is lower than the lowest interest rate of UCO Bank at 9.45% 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 UCO Bank with a processing fees of 1.00% of loan amount.
  • ICICI Bank offers Loan Against Property upto 60% of the property value while UCO 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, UCO 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 has an average customer ratings of 3.7, while UCO Bank has an average customer rating of 2.5, based on which it is clear that ICICI Bank 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 UCO Bank?

As per the current rates, ICICI Bank offers a lower interest rate of 8.60% on Loan Against Property when compared to UCO Bank which offers a Loan Against Property at 9.45%.

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