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 HDFC Bank

Download Comparison
Bank
Parameters
Interest Rate
Interest Rate
8.50% - 11.00%
8.50% - 9.50%
Processing Fees
Processing Fees
Upto 1.00%
Max ₹ 25,000
Upto 0.75%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 70%
Upto 65%
Maximum Tenure
Maximum Tenure
15 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 985
₹ 985
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
Y - Dropline OD Against Property
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
5/5.0
4.7/5.0
Add Bank

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

Loan Amount LIC Housing Finance HDFC Bank
₹ 10 Lakh ₹ 9,847 ₹ 9,847
₹ 15 Lakh ₹ 14,771 ₹ 14,771
₹ 30 Lakh ₹ 29,542 ₹ 29,542
₹ 50 Lakh ₹ 49,237 ₹ 49,237

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

HDFC Bank and LIC Housing Finance have the same interest rate on Loan Against Property, starting from 8.50%. Lowest EMI of HDFC Bank is ₹ 985 for a maximum tenure of 15 Years. Lowest EMI of LIC Housing Finance is ₹ 985 for a maximum tenure of 15 Years.

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

It is important to do a detailed comparison of HDFC 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 HDFC Bank and LIC Housing Finance Loan Against Property is 8.50%. Hence, both banks are at par in terms of interest rate on Loan Against Property
  • When compared on other Loan Against Property charges such as processing fees, HDFC Bank charges a lower processing fees of 0.75% of the loan amount vs LIC Housing Finance with a processing fees of 1.00% of loan amount.
  • HDFC Bank offers Loan Against Property upto 70% of the property value while LIC Housing Finance offers mortgage loan upto 65% of property value. Hence, HDFC Bank can be a better option if you are looking for a high value amount.
  • HDFC Bank is a Private Bank with its Loan Against Property rates benchmarked to RLLR. LIC Housing Finance is a HFC with its home loan rates benchmarked to PLR.
  • LIC Housing Finance has an average customer ratings of 5, while HDFC Bank has an average customer rating of 4.7, based on which it is clear that LIC Housing Finance has a high customer service focus, an easy Loan Against Property process and a quick turnaround.
  • One unique feature of HDFC 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 lower interest rate on Loan Against Property – HDFC Bank or LIC Housing Finance?

The lowest interest rate for both HDFC Bank and LIC Housing Finance on Loan Against Property currently starts from 8.50% and hence, both banks are a good choice for potential borrowers.

Popular Loan Against Property Tools

Popular Search for LIC Housing Finance Loan Against Property

Popular Search for HDFC Bank Loan Against Property

Compare LIC Housing Finance Loan Against Property With Other Banks

Compare HDFC 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
  • 2021-06-14 : 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.
  • 2021-06-10 : Edelweiss to become co-lending partners with Central Bank of India
    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
  • 2021-06-10 : Central Bank of India to become co-lending partners with Edelweiss
    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
  • 2021-06-09 : Growth of upto 18% expected by IIFL Home Finance on loans
    IIFL Home Finance expects a growth on its loan book which includes Home loans and Loan against property of upto 18%.
*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...