Aditya Birla Housing Finance Ltd Home Loan vs Aadhar Housing Finance Ltd. Home Loan vs Jana Small Finance Bank Home Loan vs Union Bank Of India Home Loan

Feature Comparison

When evaluating home loans from Aditya Birla Housing Finance Ltd, Aadhar Housing Finance Ltd., Jana Small Finance Bank, and Union Bank Of India, interest rates are a key consideration. Aditya Birla Housing Finance Ltd offers rates of 8.50% - 10.5%, potentially lowering your monthly repayments. Aadhar Housing Finance Ltd. provides rates of 9.49% - 10.5%, which could lead to greater savings over the life of the loan. Jana Small Finance Bank presents rates of 9.75% - 11.00%, possibly offering the most favourable terms for your needs. Union Bank Of India offers rates of 7.35%-10.75%, which might be the most competitive option.

Loan tenure impacts the repayment timeline. Aditya Birla Housing Finance Ltd offers a tenure of up to Max 30 years, perfect for those preferring extended periods to ease monthly payments. Aadhar Housing Finance Ltd. provides a tenure of Max 30 years, ideal for borrowers aiming to repay their loan sooner. Jana Small Finance Bank allows for a maximum tenure of Max 30 years, offering flexibility based on your financial plans. Union Bank Of India offers tenures up to Max 30 years, accommodating different repayment preferences.

The maximum loan amount determines the value of the property you can purchase. Aditya Birla Housing Finance Ltd provides loans up to Upto 5cr, suitable for luxury properties. Aadhar Housing Finance Ltd. offers a maximum of Upto 5cr, aligning with moderate investment properties. Jana Small Finance Bank approves loans up to Upto 3 Cr, catering to a diverse range of property values. Union Bank Of India extends maximum loans of Upto 5cr, supporting various real estate investments.

Processing fees can affect your overall loan cost. Aditya Birla Housing Finance Ltd charges Up to 1.75% of the loan amount, which should be considered in your initial budget. Aadhar Housing Finance Ltd. imposes Up to Rs.3500 Plus Applicable GST, impacting your upfront expenses. Jana Small Finance Bank sets its fee at 0.5%-2% of the loan amount + GST applicable, while Union Bank Of India requires 0.50% of the loan amount subject to a maximum of Rs. 15000 plus GST. These fees should be included in your cost calculations.

Conclusion

Selecting the right home loan is crucial for your financial future. By comparing the interest rates, eligibility criteria, loan tenures, maximum loan amounts, and processing fees offered by Aditya Birla Housing Finance Ltd, Aadhar Housing Finance Ltd., Jana Small Finance Bank, and Union Bank Of India, you can choose the option that best fits your needs and helps you achieve your homeownership goals.