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Compare Loan Against Property - United Bank of India vs Karur Vysya Bank

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Bank
Parameters
Interest Rate
Interest Rate
10.75% - 10.75%
9.25% - 12.50%
Processing Fees
Processing Fees
Upto 1.00%
Upto 0.50%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 60%
Upto 40%
Maximum Tenure
Maximum Tenure
7 Years
9 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,699
₹ 1,368
Benchmark Rate
Benchmark Rate
RLLR
RLLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
Y - OD
Y - OD
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4/5.0
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Compare EMI of United Bank of India and Karur Vysya Bank Loan Against Property

Loan Amount United Bank of India Karur Vysya Bank
₹ 10 Lakh ₹ 16,991 ₹ 13,676
₹ 15 Lakh ₹ 25,487 ₹ 20,514
₹ 30 Lakh ₹ 50,974 ₹ 41,027
₹ 50 Lakh ₹ 84,956 ₹ 68,379

Which is a better bank for Loan Against Property – Karur Vysya Bank or United Bank of India?

Karur Vysya Bank offers lower Loan Against Property EMI at ₹ 1,368 on a Loan Against Property for 9 Years as compared to United Bank of India with a minimum EMI of ₹ 1,699 for 7 Years. Average customer ratings for Karur Vysya Bank is currently at 4/5.0 which makes it a good choice for taking a Loan Against Property.

How does Karur Vysya Bank Loan Against Property compare with United Bank of India Loan Against Property?

It is important to do a detailed comparison of Karur Vysya Bank 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 Karur Vysya Bank Loan Against Property is 9.25%, which is lower than the lowest interest rate of United Bank of India at 10.75% and hence, Karur Vysya Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, Karur Vysya Bank charges a lower processing fees of 0.50% of the loan amount vs United Bank of India with a processing fees of 1.00% of loan amount.
  • Karur Vysya Bank offers Loan Against Property upto 60% of the property value while United Bank of India offers mortgage loan upto 40% of property value. Hence, Karur Vysya Bank can be a better option if you are looking for a high value amount.
  • Karur Vysya Bank is a Private Bank with its Loan Against Property rates benchmarked to RLLR. United Bank of India 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.
  • Karur Vysya Bank has an average customer ratings of 4, while has an average customer rating of , based on which it is clear that Karur Vysya Bank has a high customer service focus, an easy Loan Against Property process and a quick turnaround.
  • Karur Vysya Bank offers special discounted rate Loan Against Property schemes for women, while United Bank of India currently doesn’t have such schemes for women. Hence, women borrowers should definitely evaluate Karur Vysya Bank.
  • One unique feature overdraft facility which is nowadays a popular facility demanded by high salaried and business customers is offered by the the banks, Karur Vysya Bank and United Bank of India.

Which bank offers lower interest rate on Loan Against Property – Karur Vysya Bank or United Bank of India?

As per the current rates, Karur Vysya Bank offers a lower interest rate of 9.25% on Loan Against Property when compared to United Bank of India which offers a Loan Against Property at 10.75%.

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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.
*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
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