Axis Bank Home Loan vs Aditya Birla Housing Finance Ltd Home Loan vs Equitas Small Finance Bank Home Loan vs DCB Bank Home Loan

Feature Comparison

When selecting a home loan from Axis Bank, Aditya Birla Housing Finance Ltd, Equitas Small Finance Bank, or DCB Bank, interest rates play a crucial role. Axis Bank offers rates of 7.60% - 9.35%, attractive for those looking to minimise monthly payments. Aditya Birla Housing Finance Ltd provides rates of 8.25% - 11.85%, which might offer better long-term financial benefits. Equitas Small Finance Bank has rates of 11.00% - 14.00%, offering flexibility for various borrowing needs. DCB Bank presents rates of 9.75%-14.50%, potentially providing the best initial rates.

Axis Bank extends loan tenures up to Max 30 Years, ideal for keeping monthly obligations low. Aditya Birla Housing Finance Ltd allows loan periods up to Max 30 years, catering to borrowers seeking a balanced repayment timeline. Equitas Small Finance Bank offers loan tenures up to Max 20 years, perfect for those who prefer to clear their loan faster. DCB Bank provides tenures up to Max 20 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. Aditya Birla Housing Finance Ltd caps at Upto 5cr, fitting for standard housing investments. Equitas Small Finance Bank supports loans up to Upto 3cr, ideal for more affordable real estate acquisitions. DCB Bank 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, Aditya Birla Housing Finance Ltd imposes Up to 1.75% of the loan amount, Equitas Small Finance Bank requires Up to 2% on the sanctioned home loan, and DCB Bank sets its fee at Upto 2% or ₹ 5,000 (whichever is higher) Processing fee as applicable of sanction limit. 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, Aditya Birla Housing Finance Ltd, Equitas Small Finance Bank, and DCB Bank, 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.