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Compare SBI vs HSBC Bank Loan Against Property

Download Comparison
Bank
Interest Rate
Interest Rate
8.80% - 13.10%
9.80% - 9.80%
Processing Fees
Processing Fees
Upto 1.00%
Max ₹ 50,000
Upto 1.00%
Min ₹ 10,000;
Maximum Loan Amount
Maximum Loan Amount
₹ 7.50 Cr
₹ 10 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
₹ 1,062
Benchmark Rate
Benchmark Rate
RLLR
RLLR
Minimum Age
Minimum Age
18 Years
21 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
3.5/5.0
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Compare Loan Against Property EMI of SBI and HSBC Bank

Loan Amount SBI HSBC Bank
₹ 10 Lakh ₹ 12,560 ₹ 10,624
₹ 15 Lakh ₹ 18,839 ₹ 15,936
₹ 30 Lakh ₹ 37,679 ₹ 31,872
₹ 50 Lakh ₹ 62,798 ₹ 53,120

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

HSBC Bank offers lower Loan Against Property EMI at ₹ 1,062 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 HSBC Bank is currently at 3.5/5.0 which makes it a good choice for taking a Loan Against Property.

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

It is important to do a detailed comparison of SBI and HSBC 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 SBI Loan Against Property is 8.80%, which is lower than the lowest interest rate of HSBC Bank at 9.80% and hence, SBI is offering a cheaper loan option.
  • When compared to other Loan Against Property charges such as processing fees HSBC Bank and SBI charge the lowest processing fees as 1.00% of the loan amount.
  • HSBC Bank offers Loan Against Property upto 80% of the property value while SBI offers mortgage loan upto 65% of property value. Hence, HSBC Bank can be a better option if you are looking for a high value amount.
  • HSBC 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.
  • HSBC Bank with an average customer ratings of 3.5 is equally comparable to SBI with an average customer rating of 3.5, and hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Loan Against Property – SBI or HSBC Bank?

As per the current rates, SBI offers a lower interest rate of 8.80% on Loan Against Property when compared to HSBC Bank which offers a Loan Against Property at 9.80%.

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Loan Against Property News - Jun 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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    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
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