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Compare Loan Against Property - Punjab and Sind Bank vs OBC

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Bank
Parameters
Interest Rate
Interest Rate
9.35% - 9.95%
10.95% - 10.95%
Processing Fees
Processing Fees
Upto 1.00%
Min ₹ 2,000; Max ₹ 50,000
Upto 0.50%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 10 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 60%
Maximum Tenure
Maximum Tenure
12 Years
10 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,158
₹ 1,375
Benchmark Rate
Benchmark Rate
RLLR
RLLR
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)
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Compare EMI of Punjab and Sind Bank and OBC Loan Against Property

Loan Amount Punjab and Sind Bank OBC
₹ 10 Lakh ₹ 11,578 ₹ 13,747
₹ 15 Lakh ₹ 17,367 ₹ 20,620
₹ 30 Lakh ₹ 34,735 ₹ 41,240
₹ 50 Lakh ₹ 57,892 ₹ 68,734

Which is a better bank for Loan Against Property – Punjab and Sind Bank or OBC?

Punjab and Sind Bank offers lower Loan Against Property EMI at ₹ 1,158 on a Loan Against Property for 12 Years as compared to OBC with a minimum EMI of ₹ 1,375 for 10 Years. Average customer ratings for Punjab and Sind Bank is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

How does Punjab and Sind Bank Loan Against Property compare with OBC Loan Against Property?

It is important to do a detailed comparison of Punjab and Sind 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 Punjab and Sind Bank Loan Against Property is 9.35%, which is lower than the lowest interest rate of OBC at 10.95% and hence, Punjab and Sind Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, OBC charges a lower processing fees of 0.50% of the loan amount vs Punjab and Sind Bank with a processing fees of 1.00% of loan amount.
  • OBC offers Loan Against Property upto 60% of the property value while Punjab and Sind Bank offers mortgage loan upto 50% of property value. Hence, OBC can be a better option if you are looking for a high value amount.
  • OBC is a Public Sector Bank with its Loan Against Property rates benchmarked to RLLR. Punjab and Sind Bank 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.
  • has an average customer ratings of , while has an average customer rating of , based on which it is clear that has a high customer service focus, an easy Loan Against Property process and a quick turnaround.

Which bank offers lower interest rate on Loan Against Property – Punjab and Sind Bank or OBC?

As per the current rates, Punjab and Sind Bank offers a lower interest rate of 9.35% on Loan Against Property when compared to OBC which offers a Loan Against Property at 10.95%.

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Loan Against Property News - Jun 2021
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    Capital India Home Loan aims to double its asset book to over Rs 250 crore by the end of the current fiscal year. The housing finance company that deals in Home Loan, Commercial Property Loan, Loan Against Property, Business Loan, Top-up Loan, Personal Loan, and Consumer Loan had a loan book of about Rs 135 crore in the financial year ended March 31, 2021. The loan book is expected to touch Rs 250 crore by March 2022.
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    IOB closed the last fiscal with a net profit of Rs.831 crore as against a net loss of about Rs.8,527 crore. The total income for the year ended 31.03.2021 stands at Rs.22,525 crore as against Rs.20,766 crore for FY20. IOB plans to come up with Prompt Corrective Action to focus on loan recovery, low-cost deposits and less capital consuming advances.
  • 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.
*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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