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Compare Loan Against Property - SBI vs HDFC

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Bank
Parameters
Interest Rate
Interest Rate
8.80% - 9.30%
8.00% - 8.45%
Processing Fees
Processing Fees
Upto 1.00%
Max ₹ 50,000
Upto 0.75%
Maximum Loan Amount
Maximum Loan Amount
₹ 7.50 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 65%
Upto 50%
Maximum Tenure
Maximum Tenure
15 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,002
₹ 956
Benchmark Rate
Benchmark Rate
RLLR
PLR
Minimum Age
Minimum Age
18 Years
24 Years
Maximum Age
Maximum Age
70 Years
65 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3.5/5.0
4.5/5.0
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Compare EMI of SBI and HDFC Loan Against Property

Loan Amount SBI HDFC
₹ 10 Lakh ₹ 10,024 ₹ 9,557
₹ 15 Lakh ₹ 15,036 ₹ 14,335
₹ 30 Lakh ₹ 30,072 ₹ 28,670
₹ 50 Lakh ₹ 50,120 ₹ 47,783

Which is a better bank for Loan Against Property – HDFC or SBI?

HDFC offers lower Loan Against Property EMI at ₹ 956 on a Loan Against Property for 15 Years as compared to SBI with a minimum EMI of ₹ 1,002 for 15 Years. Average customer ratings for HDFC is currently at 4.5/5.0 which makes it a good choice for taking a Loan Against Property.

How does HDFC Loan Against Property compare with SBI Loan Against Property?

It is important to do a detailed comparison of HDFC 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 HDFC Loan Against Property is 8.00%, which is lower than the lowest interest rate of SBI at 8.80% and hence, HDFC is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, HDFC charges a lower processing fees of 0.75% of the loan amount vs SBI with a processing fees of 1.00% of loan amount.
  • SBI offers Loan Against Property upto 65% of the property value while HDFC offers mortgage loan upto 50% of property value. Hence, SBI can be a better option if you are looking for a high value amount.
  • SBI is a Public Sector Bank with its Loan Against Property rates benchmarked to RLLR. HDFC is a HFC with its home loan rates benchmarked to PLR.
  • HDFC has an average customer ratings of 4.5, while SBI has an average customer rating of 3.5, based on which it is clear that HDFC 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 – HDFC or SBI?

As per the current rates, HDFC offers a lower interest rate of 8.00% on Loan Against Property when compared to SBI which offers a Loan Against Property at 8.80%.

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Loan Against Property News - Jun 2021
  • 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.
  • 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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