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Compare PNB vs Corporation Bank Loan Against Property

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Bank
Interest Rate
Interest Rate
7.75% - 10.15%
11.35% - 13.35%
Processing Fees
Processing Fees
Upto 1.00%
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 50%
Maximum Tenure
Maximum Tenure
10 Years
10 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,200
₹ 1,397
Benchmark Rate
Benchmark Rate
RLLR
RLLR
Minimum Age
Minimum Age
21 Years
18 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.8/5.0
4.8/5.0
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Compare Loan Against Property EMI of PNB and Corporation Bank

Loan Amount PNB Corporation Bank
₹ 10 Lakh ₹ 12,001 ₹ 13,974
₹ 15 Lakh ₹ 18,002 ₹ 20,961
₹ 30 Lakh ₹ 36,003 ₹ 41,922
₹ 50 Lakh ₹ 60,005 ₹ 69,869

Which is a better bank for Loan Against Property – PNB or Corporation Bank?

PNB offers lower Loan Against Property EMI at ₹ 1,200 on a Loan Against Property for 10 Years as compared to Corporation Bank with a minimum EMI of ₹ 1,397 for 10 Years. Average customer ratings for PNB is currently at 4.8/5.0 which makes it a good choice for taking a Loan Against Property.

How does PNB Loan Against Property compare with Corporation Bank Loan Against Property?

It is important to do a detailed comparison of PNB and Corporation Bank 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 Loan Against Property is 7.75%, which is lower than the lowest interest rate of Corporation Bank at 11.35% and hence, PNB is offering a cheaper loan option.
  • When compared to other Loan Against Property charges such as processing fees Corporation Bank and PNB charge the lowest processing fees as 1.00% of the loan amount.
  • Corporation Bank and PNB offer mortgage loan upto 50% of the value of the property. Hence, the same loan to property value ratio makes them a comparable option to choose from.
  • Corporation Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, PNB is a with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
  • Corporation Bank with an average customer ratings of 4.8 is equally comparable to PNB with an average customer rating of 4.8, 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 or Corporation Bank?

As per the current rates, PNB offers a lower interest rate of 7.75% on Loan Against Property when compared to Corporation Bank which offers a Loan Against Property at 11.35%.

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