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Compare IDFC First Bank vs PNB Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
11.80% - 11.80%
9.50% - 10.15%
Processing Fees
Processing Fees
Upto 1.00%
Min ₹ 5,000;
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 60%
Upto 50%
Maximum Tenure
Maximum Tenure
15 Years
10 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,187
₹ 1,294
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
Y - Short and Sweet
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.8/5.0
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Compare Loan Against Property EMI of IDFC First Bank and PNB

Loan Amount IDFC First Bank PNB
₹ 10 Lakh ₹ 11,873 ₹ 12,940
₹ 15 Lakh ₹ 17,810 ₹ 19,410
₹ 30 Lakh ₹ 35,620 ₹ 38,819
₹ 50 Lakh ₹ 59,367 ₹ 64,699

Which is a better bank for Loan Against Property – PNB or IDFC First Bank?

IDFC First Bank offers lower Loan Against Property EMI at ₹ 1,187 on a Loan Against Property for 15 Years as compared to PNB with a minimum EMI of ₹ 1,294 for 10 Years. Average customer ratings for IDFC First Bank is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

How does PNB Loan Against Property compare with IDFC First Bank Loan Against Property?

It is important to do a detailed comparison of PNB and IDFC First 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 PNB Loan Against Property is 9.50%, which is lower than the lowest interest rate of IDFC First Bank at 11.80% and hence, PNB is offering a cheaper loan option.
  • When compared to other Loan Against Property charges such as processing fees IDFC First Bank and PNB charge the lowest processing fees as 1.00% of the loan amount.
  • IDFC First Bank offers Loan Against Property upto 60% of the property value while PNB offers mortgage loan upto 50% of property value. Hence, IDFC First Bank can be a better option if you are looking for a high value amount.
  • IDFC First Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, PNB 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.
  • PNB has an average customer ratings of 4.8, while has an average customer rating of , based on which it is clear that PNB has a high customer service focus, an easy Loan Against Property process and a quick turnaround.
  • One unique feature of IDFC First Bank is its overdraft facility which allows borrowers to minimize their interest outgo by paying interest only on the loan amount utilized. This scheme makes it an apt choice for self-employed and businessmen with fluctuating fund requirements.

Which bank offers a lower interest rate on Loan Against Property – PNB or IDFC First Bank?

As per the current rates, PNB offers a lower interest rate of 9.50% on Loan Against Property when compared to IDFC First Bank which offers a Loan Against Property at 11.80%.

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