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 - LIC Housing Finance vs Andhra Bank

Download Comparison
Bank
Parameters
Interest Rate
Interest Rate
8.50% - 11.00%
10.75% - 11.25%
Processing Fees
Processing Fees
Upto 1.00%
Max ₹ 25,000
NIL
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 2 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 70%
Upto 50%
Maximum Tenure
Maximum Tenure
15 Years
10 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 985
₹ 1,363
Benchmark Rate
Benchmark Rate
PLR
RLLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
5/5.0
5/5.0
Add Bank

Compare EMI of LIC Housing Finance and Andhra Bank Loan Against Property

Loan Amount LIC Housing Finance Andhra Bank
₹ 10 Lakh ₹ 9,847 ₹ 13,634
₹ 15 Lakh ₹ 14,771 ₹ 20,451
₹ 30 Lakh ₹ 29,542 ₹ 40,902
₹ 50 Lakh ₹ 49,237 ₹ 68,169

Which is a better bank for Loan Against Property – LIC Housing Finance or Andhra Bank?

LIC Housing Finance offers lower Loan Against Property EMI at ₹ 985 on a Loan Against Property for 15 Years as compared to Andhra Bank with a minimum EMI of ₹ 1,363 for 10 Years. Average customer ratings for LIC Housing Finance is currently at 5/5.0 which makes it a good choice for taking a Loan Against Property.

How does LIC Housing Finance Loan Against Property compare with Andhra Bank Loan Against Property?

It is important to do a detailed comparison of LIC Housing Finance 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 LIC Housing Finance Loan Against Property is 8.50%, which is lower than the lowest interest rate of Andhra Bank at 10.75% and hence, LIC Housing Finance is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Andhra Bank charges a lower processing fees of Nil vs LIC Housing Finance with a processing fees of 1.00% of loan amount.
  • Andhra Bank offers Loan Against Property upto 70% of the property value while LIC Housing Finance offers mortgage loan upto 50% of property value. Hence, Andhra Bank can be a better option if you are looking for a high value amount.
  • Andhra Bank is a Public Sector Bank with its Loan Against Property rates benchmarked to RLLR. LIC Housing Finance is a HFC with its home loan rates benchmarked to PLR.
  • Andhra Bank with an average customer ratings of 5 is equally comparable to LIC Housing Finance with an average customer rating of 5, and hence, the customer can expect the same kind of service levels from these banks.

Which bank offers lower interest rate on Loan Against Property – LIC Housing Finance or Andhra Bank?

As per the current rates, LIC Housing Finance offers a lower interest rate of 8.50% on Loan Against Property when compared to Andhra Bank which offers a Loan Against Property at 10.75%.

Popular Loan Against Property Tools

Popular Search for LIC Housing Finance Loan Against Property

Popular Search for Andhra Bank Loan Against Property

Compare LIC Housing Finance Loan Against Property With Other Banks

Compare Andhra Bank 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 - Jun 2021
  • 2021-06-23 : Capital India Home Loan plans to double asset book to Rs 250 crore this fiscal
    Capital India Home Loan aims to double its asset book to over Rs 250 crore by the end of the current fiscal year. The housing finance company that deals in Home Loan, Commercial Property Loan, Loan Against Property, Business Loan, Top-up Loan, Personal Loan, and Consumer Loan had a loan book of about Rs 135 crore in the financial year ended March 31, 2021. The loan book is expected to touch Rs 250 crore by March 2022.
  • 2021-06-16 : Ujjivan Small Finance Bank collaborates with MoEngage
    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.
*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...