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Compare RBL Bank vs Bajaj Home Finance Loan Against Property

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Bank
Interest Rate
Interest Rate
7.90% - 15.00%
9.00% - 11.00%
Processing Fees
Processing Fees
Upto 1.25%
Min ₹ 7,500;
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 4 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 65%
Upto 75%
Maximum Tenure
Maximum Tenure
15 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 950
₹ 900
Benchmark Rate
Benchmark Rate
1_year MCLR
PLR
Minimum Age
Minimum Age
23 Years
25 Years
Maximum Age
Maximum Age
65 Years
70 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
5/5.0
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Compare Loan Against Property EMI of RBL Bank and Bajaj Home Finance

Loan Amount RBL Bank Bajaj Home Finance
₹ 10 Lakh ₹ 9,499 ₹ 8,997
₹ 15 Lakh ₹ 14,248 ₹ 13,496
₹ 30 Lakh ₹ 28,497 ₹ 26,992
₹ 50 Lakh ₹ 47,494 ₹ 44,986

Which is a better bank for Loan Against Property – RBL Bank or Bajaj Home Finance?

Bajaj Home Finance offers lower Loan Against Property EMI at ₹ 900 on a Loan Against Property for 20 Years as compared to RBL Bank with a minimum EMI of ₹ 950 for 15 Years. Average customer ratings for Bajaj Home Finance is currently at 5/5.0 which makes it a good choice for taking a Loan Against Property.

How does RBL Bank Loan Against Property compare with Bajaj Home Finance Loan Against Property?

It is important to do a detailed comparison of RBL Bank and Bajaj Home 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 RBL Bank Loan Against Property is 7.90%, which is lower than the lowest interest rate of Bajaj Home Finance at 9.00% and hence, RBL Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Bajaj Home Finance charges a lower processing fees of 1.00% of the loan amount vs RBL Bank with a processing fees of 1.25% of loan amount.
  • Bajaj Home Finance offers Loan Against Property upto 75% of the property value while RBL Bank offers mortgage loan upto 65% of property value. Hence, Bajaj Home Finance can be a better option if you are looking for a high value amount.
  • Bajaj Home Finance is a with its Loan Against Property rates benchmarked to PLR. RBL Bank is a with its home loan rates benchmarked to MCLR.
  • Bajaj Home Finance has an average customer ratings of 5, while has an average customer rating of , based on which it is clear that Bajaj Home Finance has a high customer service focus, an easy Loan Against Property process and a quick turnaround.

Which bank offers a lower interest rate on Loan Against Property – RBL Bank or Bajaj Home Finance?

As per the current rates, RBL Bank offers a lower interest rate of 7.90% on Loan Against Property when compared to Bajaj Home Finance which offers a Loan Against Property at 9.00%.

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Loan Against Property News - Jan 2022
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    Axis Bank has reported a 224 per cent year-on-year rise in its net profit at Rs 3,614 crore for the quarter ended December, which was sharply above analysts expectations of Rs 3,046 crore. The bank also witnessed a 17 per cent on-year growth in net interest income to Rs 8,653 crore for the December quarter.
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  • 2022-01-07 : Tata Capital Launches Flexi Plus Loans for Different Categories
    Tata Capital has launched Flexi Plus loans across different products including, personal, business, loan Against Property, two-Wheeler and home Loans. The loan comes with longer tenure, overdraft facility and a step-up plan.
*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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