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Compare Karnataka Bank vs IDBI Bank Loan Against Property

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Interest Rate
Interest Rate
11.28% - 12.48%
8.85% - 9.85%
Processing Fees
Processing Fees
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 1 Cr
₹ 10 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 80%
Upto 65%
Maximum Tenure
Maximum Tenure
15 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,154
₹ 1,005
Benchmark Rate
Benchmark Rate
Minimum Age
Minimum Age
21 Years
25 Years
Maximum Age
Maximum Age
60 Years
70 Years
Overdraft Facility
Overdraft Facility
Y - OD
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of Karnataka Bank and IDBI Bank

Loan Amount Karnataka Bank IDBI Bank
₹ 10 Lakh ₹ 11,542 ₹ 10,054
₹ 15 Lakh ₹ 17,314 ₹ 15,080
₹ 30 Lakh ₹ 34,627 ₹ 30,161
₹ 50 Lakh ₹ 57,712 ₹ 50,268

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

IDBI Bank offers lower Loan Against Property EMI at ₹ 1,005 on a Loan Against Property for 15 Years as compared to Karnataka Bank with a minimum EMI of ₹ 1,154 for 15 Years. Average customer ratings for IDBI Bank is currently at 4/5.0 which makes it a good choice for taking a Loan Against Property.

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

It is important to do a detailed comparison of IDBI Bank and Karnataka 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 IDBI Bank Loan Against Property is 8.85%, which is lower than the lowest interest rate of Karnataka Bank at 11.28% and hence, IDBI 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 IDBI Bank with a processing fees of 1.00% of loan amount.
  • IDBI Bank offers Loan Against Property upto 80% of the property value while Karnataka Bank offers mortgage loan upto 65% of property value. Hence, IDBI Bank can be a better option if you are looking for a high value amount.
  • IDBI Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, Karnataka Bank is a with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
  • IDBI Bank has an average customer ratings of 4, while has an average customer rating of , based on which it is clear that IDBI Bank has a high customer service focus, an easy Loan Against Property process and a quick turnaround.
  • One unique feature of IDBI Bank is its overdraft facility which allows borrowers to minimize their interest outgo by paying interest only on the loan amount utilized. This scheme makes it an apt choice for self-employed and businessmen with fluctuating fund requirements.

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

As per the current rates, IDBI Bank offers a lower interest rate of 8.85% on Loan Against Property when compared to Karnataka Bank which offers a Loan Against Property at 11.28%.

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