Axis Bank Home Loan vs Aditya Birla Housing Finance Ltd Home Loan vs Piramal Capital & Housing Finance Home Loan vs Aavas Housing Finance Home Loan

Feature Comparison

When selecting a home loan from Axis Bank, Aditya Birla Housing Finance Ltd, Piramal Capital & Housing Finance, or Aavas 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. Aditya Birla Housing Finance Ltd provides rates of 8.50% - 10.5%, which might offer better long-term financial benefits. Piramal Capital & Housing Finance has rates of 9.49% - 10.5%, offering flexibility for various borrowing needs. Aavas Housing Finance presents rates of 8.50-10.5%, 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. Piramal Capital & Housing Finance offers loan tenures up to Max 30 years, perfect for those who prefer to clear their loan faster. Aavas 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. Aditya Birla Housing Finance Ltd caps at Upto 5cr, fitting for standard housing investments. Piramal Capital & Housing Finance supports loans up to Upto 5cr, ideal for more affordable real estate acquisitions. Aavas Housing Finance offers maximum loans of Upto 3cr, 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, Piramal Capital & Housing Finance requires Upto 5% of loan amount + applicable taxes, and Aavas Housing Finance sets its fee at Up to 2% + GST. 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, Piramal Capital & Housing Finance, and Aavas 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.