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Compare Loan Against Property - Yes Bank vs Axis Bank

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Bank
Parameters
Interest Rate
Interest Rate
10.50% - 10.50%
10.50% - 11.00%
Processing Fees
Processing Fees
Upto 1.00%
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 7 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 70%
Upto 60%
Maximum Tenure
Maximum Tenure
15 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,105
₹ 1,105
Benchmark Rate
Benchmark Rate
1_year MCLR
RLLR
Minimum Age
Minimum Age
23 Years
24 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
N
Y - Overdraft Against Property
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.5/5.0
4.5/5.0
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Compare EMI of Yes Bank and Axis Bank Loan Against Property

Loan Amount Yes Bank Axis Bank
₹ 10 Lakh ₹ 11,054 ₹ 11,054
₹ 15 Lakh ₹ 16,581 ₹ 16,581
₹ 30 Lakh ₹ 33,162 ₹ 33,162
₹ 50 Lakh ₹ 55,270 ₹ 55,270

Which is a better bank for Loan Against Property – Axis Bank or Yes Bank?

Axis Bank and Yes Bank have the same interest rate on Loan Against Property, starting from 10.50%. Lowest EMI of Axis Bank is ₹ 1,105 for a maximum tenure of 15 Years. Lowest EMI of Yes Bank is ₹ 1,105 for a maximum tenure of 15 Years.

How does Axis Bank Loan Against Property compare with Yes Bank Loan Against Property?

It is important to do a detailed comparison of Axis 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 Axis Bank and Yes Bank Loan Against Property is 10.50%. Hence, both banks are at par in terms of interest rate on Loan Against Property
  • When compared on other Loan Against Property charges such as processing fees, all banks Axis Bank, Yes Bank and charge the same amount of processing fees as a 1.00% of the loan amount.
  • Axis Bank offers Loan Against Property upto 70% of the property value while Yes Bank offers mortgage loan upto 60% of property value. Hence, Axis Bank can be a better option if you are looking for a high value amount.
  • Axis Bank is a Private Bank with its Loan Against Property rates benchmarked to RLLR. Yes Bank is a Private Bank with its home loan rates benchmarked to MCLR.
  • Axis Bank with an average customer ratings of 4.5 is equally comparable to Yes Bank with an average customer rating of 4.5, and hence, the customer can expect the same kind of service levels from these banks.
  • One unique feature of Axis 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 – Axis Bank or Yes Bank?

The lowest interest rate for both Axis Bank and Yes Bank on Loan Against Property currently starts from 10.50% and hence, both banks are a good choice for potential borrowers.

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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
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