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Compare SBI vs Syndicate Bank Loan Against Property

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Bank
Interest Rate
Interest Rate
8.80% - 9.30%
9.95% - 9.95%
Processing Fees
Processing Fees
Upto 1.00%
Max ₹ 50,000
Upto 0.50%
Min ₹ 500;
Maximum Loan Amount
Maximum Loan Amount
₹ 7.50 Cr
₹ 5 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
₹ 1,319
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 Syndicate Bank

Loan Amount SBI Syndicate Bank
₹ 10 Lakh ₹ 10,024 ₹ 13,187
₹ 15 Lakh ₹ 15,036 ₹ 19,781
₹ 30 Lakh ₹ 30,072 ₹ 39,562
₹ 50 Lakh ₹ 50,120 ₹ 65,937

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

SBI offers lower Loan Against Property EMI at ₹ 1,002 on a Loan Against Property for 15 Years as compared to Syndicate Bank with a minimum EMI of ₹ 1,319 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 Syndicate Bank Loan Against Property?

It is important to do a detailed comparison of SBI and Syndicate 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 Syndicate Bank at 9.95% and hence, SBI is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Syndicate 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.
  • SBI offers Loan Against Property upto 65% of the property value while Syndicate Bank offers mortgage loan upto 60% of property value. Hence, SBI can be a better option if you are looking for a high value amount.
  • SBI is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, Syndicate Bank 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.
  • SBI with an average customer ratings of 3.5 is equally comparable to Syndicate Bank 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 Syndicate Bank?

As per the current rates, SBI offers a lower interest rate of 8.80% on Loan Against Property when compared to Syndicate Bank which offers a Loan Against Property at 9.95%.

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