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Compare SBI vs HDFC Bank Loan Against Property

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Interest Rate
Interest Rate
8.80% - 13.10%
8.00% - 8.95%
Processing Fees
Processing Fees
Upto 1.00%
Max ₹ 50,000
Upto 0.50%
Max ₹ 7,500
Maximum Loan Amount
Maximum Loan Amount
₹ 7.50 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 80%
Upto 65%
Maximum Tenure
Maximum Tenure
10 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,256
₹ 956
Benchmark Rate
Benchmark Rate
Minimum Age
Minimum Age
18 Years
21 Years
Maximum Age
Maximum Age
70 Years
65 Years
Overdraft Facility
Overdraft Facility
Y - Dropline OD Against Property
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of SBI and HDFC Bank

Loan Amount SBI HDFC Bank
₹ 10 Lakh ₹ 12,560 ₹ 9,557
₹ 15 Lakh ₹ 18,839 ₹ 14,335
₹ 30 Lakh ₹ 37,679 ₹ 28,670
₹ 50 Lakh ₹ 62,798 ₹ 47,783

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

HDFC Bank 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 ₹ 1,256 for 10 Years. Average customer ratings for HDFC Bank is currently at 4.7/5.0 which makes it a good choice for taking a Loan Against Property.

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

It is important to do a detailed comparison of HDFC Bank and SBI 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 HDFC Bank Loan Against Property is 8.00%, which is lower than the lowest interest rate of SBI at 8.80% and hence, HDFC Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, HDFC Bank charges a lower processing fees of 0.50% of the loan amount vs SBI with a processing fees of 1.00% of loan amount.
  • HDFC Bank offers Loan Against Property upto 80% of the property value while SBI offers mortgage loan upto 65% of property value. Hence, HDFC Bank can be a better option if you are looking for a high value amount.
  • HDFC Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, SBI is a with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
  • HDFC Bank has an average customer ratings of 4.7, while SBI has an average customer rating of 3.5, based on which it is clear that HDFC Bank has a high customer service focus, an easy Loan Against Property process and a quick turnaround.
  • One unique feature of HDFC 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 – HDFC Bank or SBI?

As per the current rates, HDFC Bank 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 - Aug 2022
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    The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
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    Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII).
  • 2022-05-02 : Union Bank Becomes the First Public Sector Bank to Go Live on Account Aggregator Framework.
    The Account Aggregator Framework has linked 332,000 accounts and has fulfilled over 310,000 consent requests since it has gone live. AA ensures swift data sharing with the consent of the user and eliminates the need for physical documents.
  • 2022-04-28 : Union Bank Rolls out Automated Solution for Recovery of Bad Loans
    Union Bank of India will be using a first-of-its-kind stressed asset recovery automated solution (SARAS) to help the bank enforce securities, track recoveries, and enhance monitoring of stressed assets.
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