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Compare Indian Overseas Bank vs HDFC Loan Against Property

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Interest Rate
Interest Rate
9.65% - 9.65%
8.40% - 9.40%
Processing Fees
Processing Fees
Upto 0.62%
Min ₹ 890; Max ₹ 8,900
Upto 0.50%
Min ₹ 7,500;
Maximum Loan Amount
Maximum Loan Amount
₹ 1 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 50%
Maximum Tenure
Maximum Tenure
7 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,642
₹ 979
Benchmark Rate
Benchmark Rate
Minimum Age
Minimum Age
21 Years
24 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of Indian Overseas Bank and HDFC

Loan Amount Indian Overseas Bank HDFC
₹ 10 Lakh ₹ 16,421 ₹ 9,789
₹ 15 Lakh ₹ 24,631 ₹ 14,683
₹ 30 Lakh ₹ 49,263 ₹ 29,367
₹ 50 Lakh ₹ 82,105 ₹ 48,944

Which is a better bank for Loan Against Property – HDFC or Indian Overseas Bank?

HDFC offers lower Loan Against Property EMI at ₹ 979 on a Loan Against Property for 15 Years as compared to Indian Overseas Bank with a minimum EMI of ₹ 1,642 for 7 Years. Average customer ratings for HDFC is currently at 4.5/5.0 which makes it a good choice for taking a Loan Against Property.

How does HDFC Loan Against Property compare with Indian Overseas Bank Loan Against Property?

It is important to do a detailed comparison of HDFC and Indian Overseas 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 HDFC Loan Against Property is 8.40%, which is lower than the lowest interest rate of Indian Overseas Bank at 9.65% and hence, HDFC is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, HDFC charges a lower processing fees of 0.50% of the loan amount vs Indian Overseas Bank with a processing fees of 0.62% of loan amount.
  • HDFC and Indian Overseas Bank offer mortgage loan upto 50% of the value of the property. Hence, the same loan to property value ratio makes them a comparable option to choose from.
  • Indian Overseas Bank is a with its Loan Against Property rates benchmarked to RLLR. HDFC is a with its home loan rates benchmarked to PLR.
  • HDFC has an average customer ratings of 4.5, while has an average customer rating of , based on which it is clear that HDFC has a high customer service focus, an easy Loan Against Property process and a quick turnaround.
  • HDFC offers special discounted rate Loan Against Property schemes for women, while Indian Overseas Bank currently doesn’t have such schemes for women. Hence, women borrowers should consider HDFC.

Which bank offers a lower interest rate on Loan Against Property – HDFC or Indian Overseas Bank?

As per the current rates, HDFC offers a lower interest rate of 8.40% on Loan Against Property when compared to Indian Overseas Bank which offers a Loan Against Property at 9.65%.

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Loan Against Property News - Aug 2022
  • 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
    The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
  • 2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
    The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21.
  • 2022-05-03 : HDFC Profit Rises by 16% for Q4 of FY 2022
    Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII).
  • 2022-05-02 : Union Bank Becomes the First Public Sector Bank to Go Live on Account Aggregator Framework.
    The Account Aggregator Framework has linked 332,000 accounts and has fulfilled over 310,000 consent requests since it has gone live. AA ensures swift data sharing with the consent of the user and eliminates the need for physical documents.
  • 2022-04-28 : Union Bank Rolls out Automated Solution for Recovery of Bad Loans
    Union Bank of India will be using a first-of-its-kind stressed asset recovery automated solution (SARAS) to help the bank enforce securities, track recoveries, and enhance monitoring of stressed assets.
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