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Compare Loan Against Property - Yes Bank vs Standard Chartered Bank

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Bank
Parameters
Interest Rate
Interest Rate
10.50% - 10.50%
10.10% - 10.10%
Processing Fees
Processing Fees
Upto 1.00%
Upto 1.00%
Min ₹ 10,000;
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 70%
Upto 70%
Maximum Tenure
Maximum Tenure
15 Years
15 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,105
₹ 1,081
Benchmark Rate
Benchmark Rate
1_year MCLR
3_month MCLR
Minimum Age
Minimum Age
23 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
N
Y - Home Saver
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.5/5.0
4.1/5.0
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Compare EMI of Yes Bank and Standard Chartered Bank Loan Against Property

Loan Amount Yes Bank Standard Chartered Bank
₹ 10 Lakh ₹ 11,054 ₹ 10,807
₹ 15 Lakh ₹ 16,581 ₹ 16,211
₹ 30 Lakh ₹ 33,162 ₹ 32,422
₹ 50 Lakh ₹ 55,270 ₹ 54,037

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

Standard Chartered Bank offers lower Loan Against Property EMI at ₹ 1,081 on a Loan Against Property for 15 Years as compared to Yes Bank with a minimum EMI of ₹ 1,105 for 15 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 Yes Bank Loan Against Property?

It is important to do a detailed comparison of Standard Chartered 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 Standard Chartered Bank Loan Against Property is 10.10%, which is lower than the lowest interest rate of Yes Bank at 10.50% and hence, Standard Chartered Bank is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, all banks Standard Chartered Bank, Yes Bank and charge the same amount of processing fees as a 1.00% of the loan amount.
  • Standard Chartered Bank and Yes Bank offer mortgage loan upto 70% of the value of the property. Hence, the same loan to property value ratio makes them a comparable option to choose from.
  • Standard Chartered Bank is a Foreign Bank with its Loan Against Property rates benchmarked to MCLR. Yes Bank is a Private Bank with its home loan rates benchmarked to MCLR. Hence, both banks are benchmarked to same rate which make them a comparable option to choose from.
  • Yes Bank has an average customer ratings of 4.5, while Standard Chartered Bank has an average customer rating of 4.1, based on which it is clear that Yes Bank has a high customer service focus, an easy Loan Against Property process and a quick turnaround.
  • 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 lower interest rate on Loan Against Property – Standard Chartered Bank or Yes Bank?

As per the current rates, Standard Chartered Bank offers a lower interest rate of 10.10% on Loan Against Property when compared to Yes Bank which offers a Loan Against Property at 10.50%.

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Loan Against Property News - Jun 2021
  • 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.
  • 2021-06-10 : Central Bank of India to become co-lending partners with Edelweiss
    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.
  • 2021-06-09 : Growth of upto 18% expected by IIFL Home Finance on loans
    IIFL Home Finance expects a growth on its loan book which includes Home loans and Loan against property of upto 18%.
  • 2021-06-09 : IIFL Home Finance signs MOU with Central bank of India
    IIFL Home Finance signed a MOU with Central bank of India for co-lending. The Central bank will be providing 80% of the loan amount of IIFL.
*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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