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Compare Piramal Housing Finance vs HDFC Loan Against Property

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Bank
Interest Rate
Interest Rate
11.50% - 11.50%
8.40% - 9.40%
Processing Fees
Processing Fees
Upto 0.50%
Upto 0.50%
Min ₹ 7,500;
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 75%
Upto 50%
Maximum Tenure
Maximum Tenure
20 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,066
₹ 979
Benchmark Rate
Benchmark Rate
PLR
PLR
Minimum Age
Minimum Age
23 Years
24 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.5/5.0
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Compare Loan Against Property EMI of Piramal Housing Finance and HDFC

Loan Amount Piramal Housing Finance HDFC
₹ 10 Lakh ₹ 10,664 ₹ 9,789
₹ 15 Lakh ₹ 15,996 ₹ 14,683
₹ 30 Lakh ₹ 31,993 ₹ 29,367
₹ 50 Lakh ₹ 53,321 ₹ 48,944

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

HDFC offers lower Loan Against Property EMI at ₹ 979 on a Loan Against Property for 15 Years as compared to Piramal Housing Finance with a minimum EMI of ₹ 1,066 for 20 Years. Average customer ratings for HDFC is currently at 4.5/5.0 which makes it a good choice for taking a Loan Against Property.

How does HDFC Loan Against Property compare with Piramal Housing Finance Loan Against Property?

It is important to do a detailed comparison of HDFC and Piramal Housing Finance 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 HDFC Loan Against Property is 8.40%, which is lower than the lowest interest rate of Piramal Housing Finance at 11.50% and hence, HDFC is offering a cheaper loan option.
  • When compared to other Loan Against Property charges such as processing fees HDFC and Piramal Housing Finance charge the lowest processing fees as 0.50% of the loan amount.
  • HDFC offers Loan Against Property upto 75% of the property value while Piramal Housing Finance offers mortgage loan upto 50% of property value. Hence, HDFC can be a better option if you are looking for a high value amount.
  • HDFC is a with its Loan Against Property rates benchmarked to PLR. On the other hand, Piramal Housing Finance is a with its home loan rates benchmarked to PLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
  • HDFC has an average customer ratings of 4.5, while has an average customer rating of , based on which it is clear that HDFC has a high customer service focus, an easy Loan Against Property process and a quick turnaround.
  • HDFC offers special discounted rate Loan Against Property schemes for women, while Piramal Housing Finance currently doesn’t have such schemes for women. Hence, women borrowers should consider HDFC.

Which bank offers a lower interest rate on Loan Against Property – HDFC or Piramal Housing Finance?

As per the current rates, HDFC offers a lower interest rate of 8.40% on Loan Against Property when compared to Piramal Housing Finance which offers a Loan Against Property at 11.50%.

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Loan Against Property News - Jun 2022
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