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Compare Standard Chartered Bank vs OBC Loan Against Property

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Bank
Interest Rate
Interest Rate
10.10% - 10.10%
10.95% - 10.95%
Processing Fees
Processing Fees
Upto 1.00%
Min ₹ 10,000;
Upto 0.50%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 10 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 70%
Upto 60%
Maximum Tenure
Maximum Tenure
15 Years
10 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,081
₹ 1,375
Benchmark Rate
Benchmark Rate
3_month MCLR
RLLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
Y - Home Saver
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.1/5.0
4.1/5.0
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Compare Loan Against Property EMI of Standard Chartered Bank and OBC

Loan Amount Standard Chartered Bank OBC
₹ 10 Lakh ₹ 10,807 ₹ 13,747
₹ 15 Lakh ₹ 16,211 ₹ 20,620
₹ 30 Lakh ₹ 32,422 ₹ 41,240
₹ 50 Lakh ₹ 54,037 ₹ 68,734

Which is a better bank for Loan Against Property – Standard Chartered Bank or OBC?

Standard Chartered Bank offers lower Loan Against Property EMI at ₹ 1,081 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 Standard Chartered Bank is currently at 4.1/5.0 which makes it a good choice for taking a Loan Against Property.

How does Standard Chartered Bank Loan Against Property compare with OBC Loan Against Property?

It is important to do a detailed comparison of Standard Chartered Bank and OBC 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 Standard Chartered Bank Loan Against Property is 10.10%, which is lower than the lowest interest rate of OBC at 10.95% and hence, Standard Chartered Bank 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 Standard Chartered Bank with a processing fees of 1.00% of loan amount.
  • OBC offers Loan Against Property upto 70% of the property value while Standard Chartered Bank 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 with its Loan Against Property rates benchmarked to RLLR. Standard Chartered Bank is a with its home loan rates benchmarked to MCLR.
  • OBC with an average customer ratings of 4.1 is equally comparable to Standard Chartered Bank with an average customer rating of 4.1, and hence, the customer can expect the same kind of service levels from these banks.
  • One unique feature of Standard Chartered 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 – Standard Chartered Bank or OBC?

As per the current rates, Standard Chartered Bank offers a lower interest rate of 10.10% on Loan Against Property when compared to OBC which offers a Loan Against Property at 10.95%.

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