MyLoanCare is a FREE of cost service for borrowers

Get Cashback of Upto ₹1,000* on Property Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Loan Against Property - South Indian Bank vs Cholamandalam

Download Comparison
Bank
Parameters
Interest Rate
Interest Rate
10.30% - 11.80%
% - %
Processing Fees
Processing Fees
Upto 0.50%
NIL
Maximum Loan Amount
Maximum Loan Amount
₹ 15 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 75%
Upto %
Maximum Tenure
Maximum Tenure
12 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,212
₹ 0
Benchmark Rate
Benchmark Rate
RLLR
PLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
Y - Overdraft Against Property
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
Add Bank

Compare EMI of South Indian Bank and Cholamandalam Loan Against Property

Loan Amount South Indian Bank Cholamandalam
₹ 10 Lakh ₹ 12,125
₹ 15 Lakh ₹ 18,187
₹ 30 Lakh ₹ 36,374
₹ 50 Lakh ₹ 60,624

Which is a better bank for Loan Against Property – Cholamandalam or South Indian Bank?

Cholamandalam offers lower Loan Against Property EMI at ₹ 0 on a Loan Against Property for 15 Years as compared to South Indian Bank with a minimum EMI of ₹ 1,212 for 12 Years. Average customer ratings for Cholamandalam is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

How does Cholamandalam Loan Against Property compare with South Indian Bank Loan Against Property?

It is important to do a detailed comparison of Cholamandalam 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 Cholamandalam Loan Against Property is %, which is lower than the lowest interest rate of South Indian Bank at 10.30% and hence, Cholamandalam is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Cholamandalam charges a lower processing fees of Nil vs South Indian Bank with a processing fees of 0.50% of loan amount.
  • South Indian Bank offers Loan Against Property upto 75% of the property value while Cholamandalam offers mortgage loan upto % of property value. Hence, South Indian Bank can be a better option if you are looking for a high value amount.
  • South Indian Bank is a Private Bank with its Loan Against Property rates benchmarked to RLLR. Cholamandalam is a NBFCs with its home loan rates benchmarked to PLR.
  • with an average customer ratings of is equally comparable to with an average customer rating of , and hence, the customer can expect the same kind of service levels from these banks.
  • One unique feature of South Indian 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 lower interest rate on Loan Against Property – Cholamandalam or South Indian Bank?

As per the current rates, Cholamandalam offers a lower interest rate of % on Loan Against Property when compared to South Indian Bank which offers a Loan Against Property at 10.30%.

Popular Loan Against Property Tools

Popular Search for South Indian Bank Loan Against Property

Popular Search for Cholamandalam Loan Against Property

Compare South Indian Bank Loan Against Property With Other Banks

Compare Cholamandalam Loan Against Property With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.65%. Cashback of up to ₹ 1,000.

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 7.20%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Loan Against Property News - Jun 2021
  • 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.
  • 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.
*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
Loader
Please wait while your information is being processed...