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Compare RBL Bank vs IDFC First Bank Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
7.90% - 15.00%
8.00% - 8.00%
Processing Fees
Processing Fees
Upto 1.25%
Min ₹ 7,500;
Upto 1.00%
Min ₹ 2,500; Max ₹ 5,000
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 65%
Upto 60%
Maximum Tenure
Maximum Tenure
15 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 950
₹ 956
Benchmark Rate
Benchmark Rate
1_year MCLR
RLLR
Minimum Age
Minimum Age
23 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
N
Y - Short and Sweet
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of RBL Bank and IDFC First Bank

Loan Amount RBL Bank IDFC First Bank
₹ 10 Lakh ₹ 9,499 ₹ 9,557
₹ 15 Lakh ₹ 14,248 ₹ 14,335
₹ 30 Lakh ₹ 28,497 ₹ 28,670
₹ 50 Lakh ₹ 47,494 ₹ 47,783

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

RBL Bank offers lower Loan Against Property EMI at ₹ 950 on a Loan Against Property for 15 Years as compared to IDFC First Bank with a minimum EMI of ₹ 956 for 15 Years. Average customer ratings for RBL Bank is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

How does RBL Bank Loan Against Property compare with IDFC First Bank Loan Against Property?

It is important to do a detailed comparison of RBL Bank and IDFC First 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 RBL Bank Loan Against Property is 7.90%, which is lower than the lowest interest rate of IDFC First Bank at 8.00% and hence, RBL Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, IDFC First Bank 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.
  • IDFC First Bank offers Loan Against Property upto 65% of the property value while RBL Bank offers mortgage loan upto 60% of property value. Hence, IDFC First Bank can be a better option if you are looking for a high value amount.
  • IDFC First Bank is a with its Loan Against Property rates benchmarked to RLLR. RBL Bank is a with its home loan rates benchmarked to MCLR.
  • with an average customer ratings of is equally comparable to with an average customer rating of , and hence, the customer can expect the same kind of service levels from these banks.
  • One unique feature of IDFC First Bank is its overdraft facility which allows borrowers to minimize their interest outgo by paying interest only on the loan amount utilized. This scheme makes it an apt choice for self-employed and businessmen with fluctuating fund requirements.

Which bank offers a lower interest rate on Loan Against Property – RBL Bank or IDFC First Bank?

As per the current rates, RBL Bank offers a lower interest rate of 7.90% on Loan Against Property when compared to IDFC First Bank which offers a Loan Against Property at 8.00%.

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