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Compare IDFC First Bank vs United Bank of India Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
11.80% - 11.80%
10.75% - 10.75%
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 60%
Maximum Tenure
Maximum Tenure
15 Years
7 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,187
₹ 1,699
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
Y - OD
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of IDFC First Bank and United Bank of India

Loan Amount IDFC First Bank United Bank of India
₹ 10 Lakh ₹ 11,873 ₹ 16,991
₹ 15 Lakh ₹ 17,810 ₹ 25,487
₹ 30 Lakh ₹ 35,620 ₹ 50,974
₹ 50 Lakh ₹ 59,367 ₹ 84,956

Which is a better bank for Loan Against Property – United Bank of India 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 United Bank of India with a minimum EMI of ₹ 1,699 for 7 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 United Bank of India Loan Against Property compare with IDFC First Bank Loan Against Property?

It is important to do a detailed comparison of United Bank of India 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 United Bank of India Loan Against Property is 10.75%, which is lower than the lowest interest rate of IDFC First Bank at 11.80% and hence, United Bank of India is offering a cheaper loan option.
  • When compared to other Loan Against Property charges such as processing fees IDFC First Bank and United Bank of India charge the lowest processing fees as 1.00% of the loan amount.
  • IDFC First Bank and United Bank of India 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.
  • IDFC First 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.
  • with an average customer ratings of is equally comparable to with an average customer rating of , 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 IDFC First Bank and United Bank of India.

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

As per the current rates, United Bank of India offers a lower interest rate of 10.75% on Loan Against Property when compared to IDFC First Bank which offers a Loan Against Property at 11.80%.

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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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