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Compare IDBI Bank vs United Bank of India Loan Against Property

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Bank
Interest Rate
Interest Rate
8.25% - 9.25%
10.75% - 10.75%
Processing Fees
Processing Fees
Upto 1.00%
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 65%
Upto 60%
Maximum Tenure
Maximum Tenure
15 Years
7 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 970
₹ 1,699
Benchmark Rate
Benchmark Rate
RLLR
RLLR
Minimum Age
Minimum Age
25 Years
21 Years
Maximum Age
Maximum Age
70 Years
65 Years
Overdraft Facility
Overdraft Facility
Y - OD
Y - OD
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4/5.0
4/5.0
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Compare Loan Against Property EMI of IDBI Bank and United Bank of India

Loan Amount IDBI Bank United Bank of India
₹ 10 Lakh ₹ 9,701 ₹ 16,991
₹ 15 Lakh ₹ 14,552 ₹ 25,487
₹ 30 Lakh ₹ 29,104 ₹ 50,974
₹ 50 Lakh ₹ 48,507 ₹ 84,956

Which is a better bank for Loan Against Property – IDBI Bank or United Bank of India?

IDBI Bank offers lower Loan Against Property EMI at ₹ 970 on a Loan Against Property for 15 Years as compared to United Bank of India with a minimum EMI of ₹ 1,699 for 7 Years. Average customer ratings for IDBI Bank is currently at 4/5.0 which makes it a good choice for taking a Loan Against Property.

How does IDBI Bank Loan Against Property compare with United Bank of India Loan Against Property?

It is important to do a detailed comparison of IDBI Bank and United Bank of India 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 IDBI Bank Loan Against Property is 8.25%, which is lower than the lowest interest rate of United Bank of India at 10.75% and hence, IDBI Bank is offering a cheaper loan option.
  • When compared to other Loan Against Property charges such as processing fees IDBI Bank and United Bank of India charge the lowest processing fees as 1.00% of the loan amount.
  • IDBI Bank offers Loan Against Property upto 65% of the property value while United Bank of India offers mortgage loan upto 60% of property value. Hence, IDBI Bank can be a better option if you are looking for a high value amount.
  • IDBI Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, United Bank of India 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.
  • IDBI Bank with an average customer ratings of 4 is equally comparable to United Bank of India with an average customer rating of 4, and hence, the customer can expect the same kind of service levels from these banks.
  • One unique feature overdraft facility, which is nowadays a popular facility demanded by high salaried and business customers, and is offered by IDBI Bank and United Bank of India.

Which bank offers a lower interest rate on Loan Against Property – IDBI Bank or United Bank of India?

As per the current rates, IDBI Bank offers a lower interest rate of 8.25% on Loan Against Property when compared to United Bank of India which offers a Loan Against Property at 10.75%.

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