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Compare Loan Against Property - PNB vs Jammu And Kashmir Bank

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Bank
Parameters
Interest Rate
Interest Rate
9.50% - 10.15%
7.40% - 7.40%
Processing Fees
Processing Fees
Upto 1.00%
Upto 0.20%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 1 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 60%
Maximum Tenure
Maximum Tenure
10 Years
7 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,294
₹ 1,529
Benchmark Rate
Benchmark Rate
RLLR
RLLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
60 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 EMI of PNB and Jammu And Kashmir Bank Loan Against Property

Loan Amount PNB Jammu And Kashmir Bank
₹ 10 Lakh ₹ 12,940 ₹ 15,289
₹ 15 Lakh ₹ 19,410 ₹ 22,933
₹ 30 Lakh ₹ 38,819 ₹ 45,867
₹ 50 Lakh ₹ 64,699 ₹ 76,445

Which is a better bank for Loan Against Property – Jammu And Kashmir Bank or PNB?

PNB offers lower Loan Against Property EMI at ₹ 1,294 on a Loan Against Property for 10 Years as compared to Jammu And Kashmir Bank with a minimum EMI of ₹ 1,529 for 7 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 Jammu And Kashmir Bank Loan Against Property compare with PNB Loan Against Property?

It is important to do a detailed comparison of Jammu And Kashmir 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 Jammu And Kashmir Bank Loan Against Property is 7.40%, which is lower than the lowest interest rate of PNB at 9.50% and hence, Jammu And Kashmir Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Jammu And Kashmir Bank charges a lower processing fees of 0.20% of the loan amount vs PNB with a processing fees of 1.00% of loan amount.
  • Jammu And Kashmir Bank offers Loan Against Property upto 60% of the property value while PNB offers mortgage loan upto 50% of property value. Hence, Jammu And Kashmir Bank can be a better option if you are looking for a high value amount.
  • Jammu And Kashmir Bank is a Private Bank with its Loan Against Property rates benchmarked to RLLR. PNB is a Public Sector Bank with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to same rate which make them a comparable option to choose from.
  • Jammu And Kashmir 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 lower interest rate on Loan Against Property – Jammu And Kashmir Bank or PNB?

As per the current rates, Jammu And Kashmir Bank offers a lower interest rate of 7.40% on Loan Against Property when compared to PNB which offers a Loan Against Property at 9.50%.

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Loan Against Property News - Jun 2021
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    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
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