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Compare PNB Housing Finance vs Cholamandalam Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
8.75% - 10.15%
11.00% - 14.00%
Processing Fees
Processing Fees
Upto 0.75%
Upto 2.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 60%
Upto 70%
Maximum Tenure
Maximum Tenure
20 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 884
₹ 1,137
Benchmark Rate
Benchmark Rate
PLR
PLR
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)
4.2/5.0
4.2/5.0
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Compare Loan Against Property EMI of PNB Housing Finance and Cholamandalam

Loan Amount PNB Housing Finance Cholamandalam
₹ 10 Lakh ₹ 8,837 ₹ 11,366
₹ 15 Lakh ₹ 13,256 ₹ 17,049
₹ 30 Lakh ₹ 26,511 ₹ 34,098
₹ 50 Lakh ₹ 44,186 ₹ 56,830

Which is a better bank for Loan Against Property – PNB Housing Finance or Cholamandalam?

PNB Housing Finance offers lower Loan Against Property EMI at ₹ 884 on a Loan Against Property for 20 Years as compared to Cholamandalam with a minimum EMI of ₹ 1,137 for 15 Years. Average customer ratings for PNB Housing Finance is currently at 4.2/5.0 which makes it a good choice for taking a Loan Against Property.

How does PNB Housing Finance Loan Against Property compare with Cholamandalam Loan Against Property?

It is important to do a detailed comparison of PNB Housing Finance and Cholamandalam 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 PNB Housing Finance Loan Against Property is 8.75%, which is lower than the lowest interest rate of Cholamandalam at 11.00% and hence, PNB Housing Finance is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, PNB Housing Finance charges a lower processing fees of 0.75% of the loan amount vs Cholamandalam with a processing fees of 2.00% of loan amount.
  • Cholamandalam offers Loan Against Property upto 70% of the property value while PNB Housing Finance offers mortgage loan upto 60% of property value. Hence, Cholamandalam can be a better option if you are looking for a high value amount.
  • Cholamandalam is a with its Loan Against Property rates benchmarked to PLR. On the other hand, PNB 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.
  • Cholamandalam with an average customer ratings of 4.2 is equally comparable to PNB Housing Finance with an average customer rating of 4.2, and hence, the customer can expect the same kind of service levels from these banks.

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

As per the current rates, PNB Housing Finance offers a lower interest rate of 8.75% on Loan Against Property when compared to Cholamandalam which offers a Loan Against Property at 11.00%.

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*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
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