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Compare Karur Vysya Bank vs IDFC First Bank Loan Against Property

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Bank
SBI HDFC ICICI Bank Axis Bank Citibank PNB Housing Finance LIC Housing Finance Kotak Bank Yes Bank Bajaj Home Finance RBL Bank Syndicate Bank IDBI Bank Union Bank of India Lakshmi Vilas Bank Allahabad Bank Andhra Bank Bank of India Canara Bank Central Bank of India Punjab and Sind Bank UCO Bank South Indian Bank United Bank of India DBS Bank India Shelters Piramal Housing Finance Cholamandalam IndusInd Bank Jammu And Kashmir Bank Federal Bank Edelweiss Karnataka Bank Dhan Laxmi Bank DCB Bank Indiabulls HDFC Bank Karur Vysya Bank PNB OBC Indian Overseas Bank Indian Bank Corporation Bank HSBC Bank Standard Chartered Bank
SBI HDFC ICICI Bank Axis Bank Citibank PNB Housing Finance LIC Housing Finance Kotak Bank Yes Bank Bajaj Home Finance IDFC First Bank RBL Bank Syndicate Bank IDBI Bank Allahabad Bank Federal Bank Andhra Bank Bank of India Canara Bank Central Bank of India Punjab and Sind Bank UCO Bank Union Bank of India United Bank of India DBS Bank India Shelters Piramal Housing Finance Cholamandalam IndusInd Bank Lakshmi Vilas Bank Jammu And Kashmir Bank Edelweiss South Indian Bank Karnataka Bank Dhan Laxmi Bank DCB Bank Indiabulls HDFC Bank PNB OBC Indian Overseas Bank Indian Bank Corporation Bank HSBC Bank Standard Chartered Bank
Interest Rate
Interest Rate
9.25% - 12.50%		 8.00% - 8.00%
Processing Fees
Processing Fees
Upto 0.50%
Upto 3.00%
Min ₹ 2,500; Max ₹ 5,000
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr		 ₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 40%		 Upto 80%
Maximum Tenure
Maximum Tenure
9 Years		 20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,368 		₹ 836
Benchmark Rate
Benchmark Rate
RLLR		 RLLR
Minimum Age
Minimum Age
21 Years		 21 Years
Maximum Age
Maximum Age
65 Years		 65 Years
Overdraft Facility
Overdraft Facility
Y - OD		 Y - Short and Sweet
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4/5.0		 4/5.0
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Compare Loan Against Property EMI of Karur Vysya Bank and IDFC First Bank

Loan Amount Karur Vysya Bank IDFC First Bank
₹ 10 Lakh ₹ 13,676 ₹ 8,364
₹ 15 Lakh ₹ 20,514 ₹ 12,547
₹ 30 Lakh ₹ 41,027 ₹ 25,093
₹ 50 Lakh ₹ 68,379 ₹ 41,822

Which is a better bank for Loan Against Property – IDFC First Bank or Karur Vysya Bank?

IDFC First Bank offers lower Loan Against Property EMI at ₹ 836 on a Loan Against Property for 20 Years as compared to Karur Vysya Bank with a minimum EMI of ₹ 1,368 for 9 Years. Average customer ratings for IDFC First Bank is currently at 4/5.0 which makes it a good choice for taking a Loan Against Property.

How does IDFC First Bank Loan Against Property compare with Karur Vysya Bank Loan Against Property?

It is important to do a detailed comparison of IDFC First Bank and Karur Vysya 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 IDFC First Bank Loan Against Property is 8.00%, which is lower than the lowest interest rate of Karur Vysya Bank at 9.25% and hence, IDFC First Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Karur Vysya Bank charges a lower processing fees of 0.50% of the loan amount vs IDFC First Bank with a processing fees of 3.00% of loan amount.
  • IDFC First Bank offers Loan Against Property upto 80% of the property value while Karur Vysya Bank offers mortgage loan upto 40% of property value. Hence, IDFC First Bank can be a better option if you are looking for a high value amount.
  • IDFC First Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, Karur Vysya 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.
  • IDFC First Bank with an average customer ratings of 4 is equally comparable to Karur Vysya Bank with an average customer rating of 4, and hence, the customer can expect the same kind of service levels from these banks.
  • Karur Vysya Bank offers special discounted rate Loan Against Property schemes for women, while IDFC First Bank currently doesn’t have such schemes for women. Hence, women borrowers should consider Karur Vysya Bank.
  • One unique feature overdraft facility, which is nowadays a popular facility demanded by high salaried and business customers, and is offered by IDFC First Bank and Karur Vysya Bank.

Which bank offers a lower interest rate on Loan Against Property – IDFC First Bank or Karur Vysya Bank?

As per the current rates, IDFC First Bank offers a lower interest rate of 8.00% on Loan Against Property when compared to Karur Vysya Bank which offers a Loan Against Property at 9.25%.

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