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Compare Karur Vysya Bank vs RBL Bank Loan Against Property

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Bank
Interest Rate
Interest Rate
9.25% - 12.50%
7.90% - 15.00%
Processing Fees
Processing Fees
Upto 0.50%
Upto 1.25%
Min ₹ 7,500;
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 10 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 40%
Upto 65%
Maximum Tenure
Maximum Tenure
9 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,368
₹ 950
Benchmark Rate
Benchmark Rate
RLLR
1_year MCLR
Minimum Age
Minimum Age
21 Years
23 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
Y - OD
N
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 RBL Bank

Loan Amount Karur Vysya Bank RBL Bank
₹ 10 Lakh ₹ 13,676 ₹ 9,499
₹ 15 Lakh ₹ 20,514 ₹ 14,248
₹ 30 Lakh ₹ 41,027 ₹ 28,497
₹ 50 Lakh ₹ 68,379 ₹ 47,494

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

RBL Bank offers lower Loan Against Property EMI at ₹ 950 on a Loan Against Property for 15 Years as compared to Karur Vysya Bank with a minimum EMI of ₹ 1,368 for 9 Years. Average customer ratings for RBL Bank is currently at 4/5.0 which makes it a good choice for taking a Loan Against Property.

How does RBL Bank Loan Against Property compare with Karur Vysya Bank Loan Against Property?

It is important to do a detailed comparison of RBL 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 RBL Bank Loan Against Property is 7.90%, which is lower than the lowest interest rate of Karur Vysya Bank at 9.25% and hence, RBL 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 RBL Bank with a processing fees of 1.25% of loan amount.
  • Karur Vysya Bank offers Loan Against Property upto 65% of the property value while RBL Bank offers mortgage loan upto 40% of property value. Hence, Karur Vysya Bank can be a better option if you are looking for a high value amount.
  • Karur Vysya Bank is a with its Loan Against Property rates benchmarked to RLLR. RBL Bank is a with its home loan rates benchmarked to MCLR.
  • Karur Vysya Bank with an average customer ratings of 4 is equally comparable to RBL 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 RBL Bank currently doesn’t have such schemes for women. Hence, women borrowers should consider Karur Vysya Bank.
  • One unique feature of Karur Vysya 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 – RBL Bank or Karur Vysya Bank?

As per the current rates, RBL Bank offers a lower interest rate of 7.90% on Loan Against Property when compared to Karur Vysya Bank which offers a Loan Against Property at 9.25%.

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