MyLoanCare is a FREE of cost service for borrowers

Get Cashback of Upto ₹1,000* on Property Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Loan Against Property - Kotak Bank vs United Bank of India

Download Comparison
Bank
Parameters
Interest Rate
Interest Rate
9.50% - 11.70%
10.75% - 10.75%
Processing Fees
Processing Fees
Upto 1.00%
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 3 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 55%
Upto 60%
Maximum Tenure
Maximum Tenure
12 Years
7 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,166
₹ 1,699
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
N
Y - OD
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3.1/5.0
3.1/5.0
Add Bank

Compare EMI of Kotak Bank and United Bank of India Loan Against Property

Loan Amount Kotak Bank United Bank of India
₹ 10 Lakh ₹ 11,664 ₹ 16,991
₹ 15 Lakh ₹ 17,496 ₹ 25,487
₹ 30 Lakh ₹ 34,991 ₹ 50,974
₹ 50 Lakh ₹ 58,319 ₹ 84,956

Which is a better bank for Loan Against Property – Kotak Bank or United Bank of India?

Kotak Bank offers lower Loan Against Property EMI at ₹ 1,166 on a Loan Against Property for 12 Years as compared to United Bank of India with a minimum EMI of ₹ 1,699 for 7 Years. Average customer ratings for Kotak Bank is currently at 3.1/5.0 which makes it a good choice for taking a Loan Against Property.

How does Kotak Bank Loan Against Property compare with United Bank of India Loan Against Property?

It is important to do a detailed comparison of Kotak 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 Kotak Bank Loan Against Property is 9.50%, which is lower than the lowest interest rate of United Bank of India at 10.75% and hence, Kotak Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, all banks Kotak Bank, United Bank of India and charge the same amount of processing fees as a 1.00% of the loan amount.
  • Kotak Bank offers Loan Against Property upto 60% of the property value while United Bank of India offers mortgage loan upto 55% of property value. Hence, Kotak Bank can be a better option if you are looking for a high value amount.
  • Kotak Bank is a Private Bank with its Loan Against Property rates benchmarked to RLLR. United Bank of India is a Public Sector 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.
  • Kotak Bank with an average customer ratings of 3.1 is equally comparable to United Bank of India with an average customer rating of 3.1, and hence, the customer can expect the same kind of service levels from these banks.
  • Kotak Bank offers special discounted rate Loan Against Property schemes for women, while United Bank of India currently doesn’t have such schemes for women. Hence, women borrowers should definitely evaluate Kotak Bank.
  • One unique feature of United Bank of India 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 lower interest rate on Loan Against Property – Kotak Bank or United Bank of India?

As per the current rates, Kotak Bank offers a lower interest rate of 9.50% on Loan Against Property when compared to United Bank of India which offers a Loan Against Property at 10.75%.

Popular Loan Against Property Tools

Popular Search for Kotak Bank Loan Against Property

Popular Search for United Bank of India Loan Against Property

Compare Kotak Bank Loan Against Property With Other Banks

Compare United Bank of India Loan Against Property With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.65%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 7.20%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Loan Against Property News - Aug 2021
  • 2021-07-16 : Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank
    Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021. Customers have been asked to apply for cheque books with the new MICR code at the earliest.
  • 2021-07-16 : UBI update on change in IFSC code for merged banks - Andhra Bank and Corporation Bank
    Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile e-Andhra Bank and e-Corporation Bank branches will change with effect from July 1, 2021. Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes
  • 2021-07-16 : Bandhan Bank total loans rise 8% to ₹80,128 crore in Q1, deposits up 28%
    Bandhan Bank witnessed an 8% rise in its loans and advances to ₹80,128 crores in the June quarter this fiscal. The loans and advances during the same period of 2020 stood at ₹74,331 crore. Compared sequentially, it was down by 8% from ₹87,043 crores in the March quarter. Total deposits grew by 28% year-on-year to ₹77,336 crores, while the CASA (current account and savings account) deposits jumped by 48% to ₹33,197 crores in the first quarter of 2021-22.
  • 2021-07-15 : Indian Bank merger with Allahabad Bank - Change in IFSC
    The Indian Bank, which has merged with the Allahabad Bank, carried out a software migration over the weekend. As the merger got completed, new rules had been issued by the bank with regard to its services. Existing customers were asked on July 1 to get a new IFSC code to carry out online transactions smoothly.
  • 2021-07-15 : OBC & UBI merged with PNB
    After the merger of OBC and UBI with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021.
*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
Loader
Please wait while your information is being processed...