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

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Bank
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 Loan Against Property EMI of United Bank of India and Karur Vysya Bank

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 United Bank of India 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 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 with its Loan Against Property rates benchmarked to RLLR. On the other hand, United Bank of India 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.
  • 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 consider Karur Vysya Bank.
  • One unique feature overdraft facility, which is nowadays a popular facility demanded by high salaried and business customers, and is offered by Karur Vysya Bank and United Bank of India.

Which bank offers a 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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  • 2022-04-28 : Union Bank Rolls out Automated Solution for Recovery of Bad Loans
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