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Compare Loan Against Property - Indian Bank vs Piramal Housing Finance

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Interest Rate
Interest Rate
10.50% - 10.65%
11.50% - 11.50%
Processing Fees
Processing Fees
Upto 1.17%
Upto 0.50%
Maximum Loan Amount
Maximum Loan Amount
₹ 2 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 75%
Maximum Tenure
Maximum Tenure
7 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,686
₹ 1,066
Benchmark Rate
Benchmark Rate
Minimum Age
Minimum Age
18 Years
23 Years
Maximum Age
Maximum Age
60 Years
65 Years
Overdraft Facility
Overdraft Facility
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare EMI of Indian Bank and Piramal Housing Finance Loan Against Property

Loan Amount Indian Bank Piramal Housing Finance
₹ 10 Lakh ₹ 16,861 ₹ 10,664
₹ 15 Lakh ₹ 25,291 ₹ 15,996
₹ 30 Lakh ₹ 50,582 ₹ 31,993
₹ 50 Lakh ₹ 84,303 ₹ 53,321

Which is a better bank for Loan Against Property – Indian Bank or Piramal Housing Finance?

Piramal Housing Finance offers lower Loan Against Property EMI at ₹ 1,066 on a Loan Against Property for 20 Years as compared to Indian Bank with a minimum EMI of ₹ 1,686 for 7 Years. Average customer ratings for Piramal Housing Finance is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

How does Indian Bank Loan Against Property compare with Piramal Housing Finance Loan Against Property?

It is important to do a detailed comparison of Indian Bank and Loan Against Property on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own 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 Indian Bank Loan Against Property is 10.50%, which is lower than the lowest interest rate of Piramal Housing Finance at 11.50% and hence, Indian Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Piramal Housing Finance charges a lower processing fees of 0.50% of the loan amount vs Indian Bank with a processing fees of 1.17% of loan amount.
  • Indian Bank offers Loan Against Property upto 75% of the property value while Piramal Housing Finance offers mortgage loan upto 50% of property value. Hence, Indian Bank can be a better option if you are looking for a high value amount.
  • Indian Bank is a Public Sector Bank with its Loan Against Property rates benchmarked to RLLR. Piramal Housing Finance is a HFC 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.
  • Indian Bank offers special discounted rate Loan Against Property schemes for women, while Piramal Housing Finance currently doesn’t have such schemes for women. Hence, women borrowers should definitely evaluate Indian Bank.

Which bank offers lower interest rate on Loan Against Property – Indian Bank or Piramal Housing Finance?

As per the current rates, Indian Bank offers a lower interest rate of 10.50% on Loan Against Property when compared to Piramal Housing Finance which offers a Loan Against Property at 11.50%.

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Loan Against Property News - Aug 2021
  • 2021-07-16 : Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank
    Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021. Customers have been asked to apply for cheque books with the new MICR code at the earliest.
  • 2021-07-16 : UBI update on change in IFSC code for merged banks - Andhra Bank and Corporation Bank
    Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile e-Andhra Bank and e-Corporation Bank branches will change with effect from July 1, 2021. Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes
  • 2021-07-16 : Bandhan Bank total loans rise 8% to ₹80,128 crore in Q1, deposits up 28%
    Bandhan Bank witnessed an 8% rise in its loans and advances to ₹80,128 crores in the June quarter this fiscal. The loans and advances during the same period of 2020 stood at ₹74,331 crore. Compared sequentially, it was down by 8% from ₹87,043 crores in the March quarter. Total deposits grew by 28% year-on-year to ₹77,336 crores, while the CASA (current account and savings account) deposits jumped by 48% to ₹33,197 crores in the first quarter of 2021-22.
  • 2021-07-15 : Indian Bank merger with Allahabad Bank - Change in IFSC
    The Indian Bank, which has merged with the Allahabad Bank, carried out a software migration over the weekend. As the merger got completed, new rules had been issued by the bank with regard to its services. Existing customers were asked on July 1 to get a new IFSC code to carry out online transactions smoothly.
  • 2021-07-15 : OBC & UBI merged with PNB
    After the merger of OBC and UBI with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021.
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