Home Loan Comparison
Aavas Housing Finance vs Aditya Birla Housing Finance Ltd
Introduction
In comparing Aavas Housing Finance Home Loan with Aditya Birla Housing Finance Ltd Home Loan, it's essential to first acknowledge their similarities—both are accessible to salaried and self-employed applicants and are suitable for various property types. However, the real value of this comparison will depend on your specific needs and those of your potential co-borrowers. Now, let’s get into the details of each home loan.
Disclaimer
The interest rates, maximum tenures, and other charges are subject to change, and it's advisable to check with our experts for the most current information.
Home Loan Calculations
Aavas Housing Finance vs Aditya Birla Housing Finance Ltd Calculations
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Feature Comparison
Rate of Interest
In comparing Aavas Housing Finance Home Loan with Aditya Birla Housing Finance Ltd Home Loan, several factors are essential for making an informed decision. Aavas Housing Finance’s rate of 8.50-10.5% may suit those looking to minimize their monthly outgoings. In contrast, Aditya Birla Housing Finance Ltd’s 8.60% - 10.5% could be better for those aiming for savings over time.
Loan Tenure
Aavas Housing Finance Home Loan supports long-term financial planning with loan tenures that can extend to Max 30 years, allowing for lower monthly payments. In contrast, Aditya Birla Housing Finance Ltd Home Loan's shorter maximum tenure of up to Max 30 years could help you become debt-free quicker
Maximum Loan Amount
If you’re in the market for luxury properties, Aavas Housing Finance Home Loan’s maximum of Upto 3cr is suitable. For those making moderate property investments, Aditya Birla Housing Finance Ltd Home Loan, offering up to Upto 5cr, could be ideal.
Processing Fees
The processing fees can also impact your initial loan expenses. Aavas Housing Finance Home Loan’s fee is Up to 2% + GST while Aditya Birla Housing Finance Ltd Home Loan charges a fee of Up to 1.75% of the loan amount.
Conclusion
Assessing factors like interest rates, eligibility requirements, loan duration, maximum loan amounts, and processing charges will help you understand and compare the home loan services from Aavas Housing Finance Home Loan and Aditya Birla Housing Finance Ltd Home Loan for a well-informed financial decision
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