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Compare Loan Against Property - SBI vs OBC

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Interest Rate
Interest Rate
8.80% - 9.30%
10.95% - 10.95%
Processing Fees
Processing Fees
Upto 1.00%
Max ₹ 50,000
Upto 0.50%
Maximum Loan Amount
Maximum Loan Amount
₹ 7.50 Cr
₹ 10 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 65%
Upto 60%
Maximum Tenure
Maximum Tenure
15 Years
10 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,002
₹ 1,375
Benchmark Rate
Benchmark Rate
Minimum Age
Minimum Age
18 Years
21 Years
Maximum Age
Maximum Age
70 Years
65 Years
Overdraft Facility
Overdraft Facility
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare EMI of SBI and OBC Loan Against Property

Loan Amount SBI OBC
₹ 10 Lakh ₹ 10,024 ₹ 13,747
₹ 15 Lakh ₹ 15,036 ₹ 20,620
₹ 30 Lakh ₹ 30,072 ₹ 41,240
₹ 50 Lakh ₹ 50,120 ₹ 68,734

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

SBI offers lower Loan Against Property EMI at ₹ 1,002 on a Loan Against Property for 15 Years as compared to OBC with a minimum EMI of ₹ 1,375 for 10 Years. Average customer ratings for SBI 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 OBC Loan Against Property?

It is important to do a detailed comparison of SBI 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 SBI Loan Against Property is 8.80%, which is lower than the lowest interest rate of OBC at 10.95% and hence, SBI is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, OBC charges a lower processing fees of 0.50% of the loan amount vs SBI with a processing fees of 1.00% of loan amount.
  • OBC offers Loan Against Property upto 65% of the property value while SBI offers mortgage loan upto 60% of property value. Hence, OBC can be a better option if you are looking for a high value amount.
  • OBC is a Public Sector Bank with its Loan Against Property rates benchmarked to RLLR. SBI is a Public Sector Bank with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to same rate which make them a comparable option to choose from.
  • OBC 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 lower interest rate on Loan Against Property – SBI or OBC?

As per the current rates, SBI offers a lower interest rate of 8.80% on Loan Against Property when compared to OBC which offers a Loan Against Property at 10.95%.

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Loan Against Property News - Jun 2021
  • 2021-06-23 : Capital India Home Loan plans to double asset book to Rs 250 crore this fiscal
    Capital India Home Loan aims to double its asset book to over Rs 250 crore by the end of the current fiscal year. The housing finance company that deals in Home Loan, Commercial Property Loan, Loan Against Property, Business Loan, Top-up Loan, Personal Loan, and Consumer Loan had a loan book of about Rs 135 crore in the financial year ended March 31, 2021. The loan book is expected to touch Rs 250 crore by March 2022.
  • 2021-06-16 : Ujjivan Small Finance Bank collaborates with MoEngage
    Ujjivan Small Finance Bank has collaborated with customer engagement platform MoEngage to provide digital banking services in remote areas of the country. The aim is to build a wide presence of the bank with customers in the unserved regions through digital services.
  • 2021-06-15 : Indian Overseas Bank declared a profit of Rs 831 crore
    IOB closed the last fiscal with a net profit of Rs.831 crore as against a net loss of about Rs.8,527 crore. The total income for the year ended 31.03.2021 stands at Rs.22,525 crore as against Rs.20,766 crore for FY20. IOB plans to come up with Prompt Corrective Action to focus on loan recovery, low-cost deposits and less capital consuming advances.
  • 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.
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