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Compare South Indian Bank vs Karnataka Bank Loan Against Property

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Interest Rate
Interest Rate
7.50% - 13.55%
11.28% - 12.48%
Processing Fees
Processing Fees
Upto 0.50%
Maximum Loan Amount
Maximum Loan Amount
₹ 15 Cr
₹ 1 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 75%
Upto 80%
Maximum Tenure
Maximum Tenure
12 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,055
₹ 1,154
Benchmark Rate
Benchmark Rate
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
60 Years
Overdraft Facility
Overdraft Facility
Y - Overdraft Against Property
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of South Indian Bank and Karnataka Bank

Loan Amount South Indian Bank Karnataka Bank
₹ 10 Lakh ₹ 10,552 ₹ 11,542
₹ 15 Lakh ₹ 15,828 ₹ 17,314
₹ 30 Lakh ₹ 31,657 ₹ 34,627
₹ 50 Lakh ₹ 52,761 ₹ 57,712

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

South Indian Bank offers lower Loan Against Property EMI at ₹ 1,055 on a Loan Against Property for 12 Years as compared to Karnataka Bank with a minimum EMI of ₹ 1,154 for 15 Years. Average customer ratings for South Indian Bank is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

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

It is important to do a detailed comparison of South Indian Bank and Karnataka 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 South Indian Bank Loan Against Property is 7.50%, which is lower than the lowest interest rate of Karnataka Bank at 11.28% and hence, South Indian Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Karnataka Bank charges a lower processing fees of Nil vs South Indian Bank with a processing fees of 0.50% of loan amount.
  • Karnataka Bank offers Loan Against Property upto 80% of the property value while South Indian Bank offers mortgage loan upto 75% of property value. Hence, Karnataka Bank can be a better option if you are looking for a high value amount.
  • Karnataka Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, South Indian 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.
  • 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 a lower interest rate on Loan Against Property – South Indian Bank or Karnataka Bank?

As per the current rates, South Indian Bank offers a lower interest rate of 7.50% on Loan Against Property when compared to Karnataka Bank which offers a Loan Against Property at 11.28%.

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Loan Against Property News - Aug 2022
  • 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
    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.
  • 2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
    The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21.
  • 2022-05-03 : HDFC Profit Rises by 16% for Q4 of FY 2022
    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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