Axis Bank Home Loan vs Aadhar Housing Finance Ltd. Home Loan vs Ujjivan Small Finance Bank Home Loan vs Grihum Housing Finance Home Loan

Feature Comparison

When selecting a home loan from Axis Bank, Aadhar Housing Finance Ltd., Ujjivan Small Finance Bank, or Grihum Housing Finance, interest rates play a crucial role. Axis Bank offers rates of 8.75% - 10.30%, attractive for those looking to minimise monthly payments. Aadhar Housing Finance Ltd. provides rates of 8.75-10.5%, which might offer better long-term financial benefits. Ujjivan Small Finance Bank has rates of 8.75% - 16.75%, offering flexibility for various borrowing needs. Grihum Housing Finance presents rates of 9.90% - 17.25%., potentially providing the best initial rates.

Axis Bank extends loan tenures up to Max 30 Years, ideal for keeping monthly obligations low. Aadhar Housing Finance Ltd. allows loan periods up to Max 30 years, catering to borrowers seeking a balanced repayment timeline. Ujjivan Small Finance Bank offers loan tenures up to Max 20 years, perfect for those who prefer to clear their loan faster. Grihum Housing Finance provides tenures up to Max 30 years, offering options for different repayment preferences.

Regarding the maximum loan amount, Axis Bank provides loans up to Upto 5cr, suitable for high-value property purchases. Aadhar Housing Finance Ltd. caps at Upto 5cr, fitting for standard housing investments. Ujjivan Small Finance Bank supports loans up to Upto 75 Lakhs, ideal for more affordable real estate acquisitions. Grihum Housing Finance offers maximum loans of Upto 5cr, accommodating various property values.

Processing fees vary among the banks. Axis Bank charges 1% of the loan amount + GST or a minimum of Rs 10,000, Aadhar Housing Finance Ltd. imposes Up to Rs.3500 Plus Applicable GST, Ujjivan Small Finance Bank requires ₹ 3,350 + GST applicable (Non – refundable), and Grihum Housing Finance sets its fee at 0.50% of your sanctioned loan amount. It's important to include these fees in your initial cost calculations when choosing the best loan option.

Conclusion

When deciding between the home loan options from Axis Bank, Aadhar Housing Finance Ltd., Ujjivan Small Finance Bank, and Grihum Housing Finance, it's essential to consider how each product fits your unique financial situation. Focus on comparing key aspects like interest rates, eligibility criteria, loan terms, maximum loan limits, and processing fees to ensure you choose a loan that supports both your current needs and future financial well-being.