Aditya Birla Housing Finance Ltd Home Loan vs Aavas Housing Finance Home Loan vs Ujjivan Small Finance Bank Home Loan vs HSBC Home Loan

Feature Comparison

When evaluating home loans from Aditya Birla Housing Finance Ltd, Aavas Housing Finance, Ujjivan Small Finance Bank, and HSBC, interest rates are a key consideration. Aditya Birla Housing Finance Ltd offers rates of 8.60% - 10.5%, potentially lowering your monthly repayments. Aavas Housing Finance provides rates of 8.50-10.5%, which could lead to greater savings over the life of the loan. Ujjivan Small Finance Bank presents rates of 8.75% - 16.75%, possibly offering the most favourable terms for your needs. HSBC offers rates of 8.75%-11.00%, 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. Aavas Housing Finance provides a tenure of Max 30 years, ideal for borrowers aiming to repay their loan sooner. Ujjivan Small Finance Bank allows for a maximum tenure of Max 20 years, offering flexibility based on your financial plans. HSBC offers tenures up to Max 25 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. Aavas Housing Finance offers a maximum of Upto 3cr, aligning with moderate investment properties. Ujjivan Small Finance Bank approves loans up to Upto 75 Lakhs, catering to a diverse range of property values. HSBC extends maximum loans of Upto 60 crore, 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. Aavas Housing Finance imposes Up to 2% + GST, impacting your upfront expenses. Ujjivan Small Finance Bank sets its fee at ₹ 3,350 + GST applicable (Non – refundable), while HSBC requires 1% of the loan amount sanctioned or INR10,000, whichever is higher. 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, Aavas Housing Finance, Ujjivan Small Finance Bank, and HSBC, you can choose the option that best fits your needs and helps you achieve your homeownership goals.