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Compare Loan Against Property - RBL Bank vs Citibank

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Bank
Parameters
Interest Rate
Interest Rate
13.05% - 13.30%
7.20% - 7.90%
Processing Fees
Processing Fees
Upto 1.25%
Min ₹ 7,500;
Upto 0.25%
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 65%
Upto 70%
Maximum Tenure
Maximum Tenure
15 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,269
₹ 910
Benchmark Rate
Benchmark Rate
1_year MCLR
TBLR
Minimum Age
Minimum Age
23 Years
23 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.4/5.0
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Compare EMI of RBL Bank and Citibank Loan Against Property

Loan Amount RBL Bank Citibank
₹ 10 Lakh ₹ 12,685 ₹ 9,100
₹ 15 Lakh ₹ 19,028 ₹ 13,651
₹ 30 Lakh ₹ 38,056 ₹ 27,301
₹ 50 Lakh ₹ 63,427 ₹ 45,502

Which is a better bank for Loan Against Property – Citibank or RBL Bank?

Citibank offers lower Loan Against Property EMI at ₹ 910 on a Loan Against Property for 15 Years as compared to RBL Bank with a minimum EMI of ₹ 1,269 for 15 Years. Average customer ratings for Citibank is currently at 4.4/5.0 which makes it a good choice for taking a Loan Against Property.

How does Citibank Loan Against Property compare with RBL Bank Loan Against Property?

It is important to do a detailed comparison of Citibank 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 Citibank Loan Against Property is 7.20%, which is lower than the lowest interest rate of RBL Bank at 13.05% and hence, Citibank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Citibank charges a lower processing fees of 0.25% of the loan amount vs RBL Bank with a processing fees of 1.25% of loan amount.
  • Citibank offers Loan Against Property upto 70% of the property value while RBL Bank offers mortgage loan upto 65% of property value. Hence, Citibank can be a better option if you are looking for a high value amount.
  • Citibank is a Foreign Bank with its Loan Against Property rates benchmarked to TBLR. RBL Bank is a Private Bank with its home loan rates benchmarked to MCLR.
  • Citibank has an average customer ratings of 4.4, while has an average customer rating of , based on which it is clear that Citibank 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 – Citibank or RBL Bank?

As per the current rates, Citibank offers a lower interest rate of 7.20% on Loan Against Property when compared to RBL Bank which offers a Loan Against Property at 13.05%.

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Loan Against Property News - Jun 2021
  • 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%.
  • 2021-06-09 : IIFL Home Finance signs MOU with Central bank of India
    IIFL Home Finance signed a MOU with Central bank of India for co-lending. The Central bank will be providing 80% of the loan amount of IIFL.
*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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