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Compare India Shelters vs Union Bank of India Loan Against Property

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Bank
Interest Rate
Interest Rate
15.00% - 15.00%
9.80% - 9.90%
Processing Fees
Processing Fees
Upto 2.00%
Upto 0.50%
Maximum Loan Amount
Maximum Loan Amount
₹ 1 Cr
₹ 10 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 60%
Upto 50%
Maximum Tenure
Maximum Tenure
10 Years
12 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,613
₹ 1,184
Benchmark Rate
Benchmark Rate
PLR
RLLR
Minimum Age
Minimum Age
21 Years
18 Years
Maximum Age
Maximum Age
65 Years
70 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of India Shelters and Union Bank of India

Loan Amount India Shelters Union Bank of India
₹ 10 Lakh ₹ 16,134 ₹ 11,836
₹ 15 Lakh ₹ 24,200 ₹ 17,753
₹ 30 Lakh ₹ 48,400 ₹ 35,507
₹ 50 Lakh ₹ 80,667 ₹ 59,178

Which is a better bank for Loan Against Property – Union Bank of India or India Shelters?

Union Bank of India offers lower Loan Against Property EMI at ₹ 1,184 on a Loan Against Property for 12 Years as compared to India Shelters with a minimum EMI of ₹ 1,613 for 10 Years. Average customer ratings for Union Bank of India is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

How does Union Bank of India Loan Against Property compare with India Shelters Loan Against Property?

It is important to do a detailed comparison of Union Bank of India and India Shelters 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 Union Bank of India Loan Against Property is 9.80%, which is lower than the lowest interest rate of India Shelters at 15.00% and hence, Union Bank of India is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Union Bank of India charges a lower processing fees of 0.50% of the loan amount vs India Shelters with a processing fees of 2.00% of loan amount.
  • Union Bank of India offers Loan Against Property upto 60% of the property value while India Shelters offers mortgage loan upto 50% of property value. Hence, Union Bank of India can be a better option if you are looking for a high value amount.
  • Union Bank of India is a with its Loan Against Property rates benchmarked to RLLR. India Shelters is a with its home loan rates benchmarked to PLR.
  • 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.

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

As per the current rates, Union Bank of India offers a lower interest rate of 9.80% on Loan Against Property when compared to India Shelters which offers a Loan Against Property at 15.00%.

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