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Compare Loan Against Property - Karnataka Bank vs HSBC Bank

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Bank
Parameters
Interest Rate
Interest Rate
10.82% - 11.77%
9.80% - 9.80%
Processing Fees
Processing Fees
NIL
Upto 1.00%
Min ₹ 10,000;
Maximum Loan Amount
Maximum Loan Amount
₹ 1 Cr
₹ 10 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 65%
Maximum Tenure
Maximum Tenure
15 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,125
₹ 1,062
Benchmark Rate
Benchmark Rate
RLLR
RLLR
Minimum Age
Minimum Age
21 Years
21 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 Karnataka Bank and HSBC Bank Loan Against Property

Loan Amount Karnataka Bank HSBC Bank
₹ 10 Lakh ₹ 11,253 ₹ 10,624
₹ 15 Lakh ₹ 16,880 ₹ 15,936
₹ 30 Lakh ₹ 33,760 ₹ 31,872
₹ 50 Lakh ₹ 56,266 ₹ 53,120

Which is a better bank for Loan Against Property – HSBC Bank or Karnataka Bank?

HSBC Bank offers lower Loan Against Property EMI at ₹ 1,062 on a Loan Against Property for 15 Years as compared to Karnataka Bank with a minimum EMI of ₹ 1,125 for 15 Years. Average customer ratings for HSBC Bank is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

How does HSBC Bank Loan Against Property compare with Karnataka Bank Loan Against Property?

It is important to do a detailed comparison of HSBC 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 HSBC Bank Loan Against Property is 9.80%, which is lower than the lowest interest rate of Karnataka Bank at 10.82% and hence, HSBC Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Karnataka Bank charges a lower processing fees of Nil vs HSBC Bank with a processing fees of 1.00% of loan amount.
  • HSBC Bank offers Loan Against Property upto 65% of the property value while Karnataka Bank offers mortgage loan upto 50% of property value. Hence, HSBC Bank can be a better option if you are looking for a high value amount.
  • HSBC Bank is a Foreign Bank with its Loan Against Property rates benchmarked to RLLR. Karnataka 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.
  • has an average customer ratings of , while has an average customer rating of , based on which it is clear that has a high customer service focus, an easy Loan Against Property process and a quick turnaround.

Which bank offers lower interest rate on Loan Against Property – HSBC Bank or Karnataka Bank?

As per the current rates, HSBC Bank offers a lower interest rate of 9.80% on Loan Against Property when compared to Karnataka Bank which offers a Loan Against Property at 10.82%.

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Loan Against Property News - Jun 2021
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    Ujjivan Small Finance Bank has collaborated with customer engagement platform MoEngage to provide digital banking services in remote areas of the country. The aim is to build a wide presence of the bank with customers in the unserved regions through digital services.
  • 2021-06-15 : Indian Overseas Bank declared a profit of Rs 831 crore
    IOB closed the last fiscal with a net profit of Rs.831 crore as against a net loss of about Rs.8,527 crore. The total income for the year ended 31.03.2021 stands at Rs.22,525 crore as against Rs.20,766 crore for FY20. IOB plans to come up with Prompt Corrective Action to focus on loan recovery, low-cost deposits and less capital consuming advances.
  • 2021-06-14 : IDFC First Bank’s helping hand for the covid-affected families of employees
    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.
  • 2021-06-10 : Rural Loan Collections to be affected by the Second wave
    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.
*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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