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Compare Loan Against Property - Jammu And Kashmir Bank vs Corporation Bank

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Bank
Parameters
Interest Rate
Interest Rate
7.40% - 7.40%
11.35% - 13.35%
Processing Fees
Processing Fees
Upto 0.20%
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 1 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 60%
Upto 50%
Maximum Tenure
Maximum Tenure
7 Years
10 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,529
₹ 1,397
Benchmark Rate
Benchmark Rate
RLLR
RLLR
Minimum Age
Minimum Age
21 Years
18 Years
Maximum Age
Maximum Age
60 Years
65 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare EMI of Jammu And Kashmir Bank and Corporation Bank Loan Against Property

Loan Amount Jammu And Kashmir Bank Corporation Bank
₹ 10 Lakh ₹ 15,289 ₹ 13,974
₹ 15 Lakh ₹ 22,933 ₹ 20,961
₹ 30 Lakh ₹ 45,867 ₹ 41,922
₹ 50 Lakh ₹ 76,445 ₹ 69,869

Which is a better bank for Loan Against Property – Jammu And Kashmir Bank or Corporation Bank?

Corporation Bank offers lower Loan Against Property EMI at ₹ 1,397 on a Loan Against Property for 10 Years as compared to Jammu And Kashmir Bank with a minimum EMI of ₹ 1,529 for 7 Years. Average customer ratings for Corporation Bank is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

How does Jammu And Kashmir Bank Loan Against Property compare with Corporation Bank Loan Against Property?

It is important to do a detailed comparison of Jammu And Kashmir 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 Jammu And Kashmir Bank Loan Against Property is 7.40%, which is lower than the lowest interest rate of Corporation Bank at 11.35% and hence, Jammu And Kashmir Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Jammu And Kashmir Bank charges a lower processing fees of 0.20% of the loan amount vs Corporation Bank with a processing fees of 1.00% of loan amount.
  • Corporation Bank offers Loan Against Property upto 60% of the property value while Jammu And Kashmir Bank offers mortgage loan upto 50% of property value. Hence, Corporation Bank can be a better option if you are looking for a high value amount.
  • Corporation Bank is a Public Sector Bank with its Loan Against Property rates benchmarked to RLLR. Jammu And Kashmir Bank is a Private Bank with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to same rate which make 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.

Which bank offers lower interest rate on Loan Against Property – Jammu And Kashmir Bank or Corporation Bank?

As per the current rates, Jammu And Kashmir Bank offers a lower interest rate of 7.40% on Loan Against Property when compared to Corporation Bank which offers a Loan Against Property at 11.35%.

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Loan Against Property News - Jun 2021
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    To help the families of employees who lost their lives due to covid, IDFC First Bank is offering compensation of upto 4 times of the CTC along with a salary of two years. Along with that, the bank is also wavering the loans of such employees to reduce the burden on the employees’ family.
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    As the borrowers are continuously facing the issues created by the pandemic, India Ratings - a rating agency reported that the collections of Rural Loan which includes Home Loan, Loan Against Property, Business Loan, Personal Loan, etc. will be vastly affected because of the second wave of Covid-19.
  • 2021-06-10 : Edelweiss to become co-lending partners with Central Bank of India
    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
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    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
  • 2021-06-09 : Growth of upto 18% expected by IIFL Home Finance on loans
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*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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