Home Loan Comparison
Axis Bank Home Loan vs Bank Of Baroda Home Loan vs LIC HFL Home Loan vs Aadhar Housing Finance Ltd. Home Loan
Introduction
Navigating home loans is simpler when you know what each bank offers. Let's examine Axis Bank, Bank Of Baroda, LIC HFL, and Aadhar Housing Finance Ltd., comparing their interest rates, repayment plans, and unique offerings. This comparison will help you choose the loan that fits your financial plans.
Bank Highlights
Axis Bank Home Loan
- Competitive Interest Rates
- Hassle Free Loan Balance Transfer
- No Prepayment Charges
- Transparent Processing
- Flexible Tenure
Bank Of Baroda Home Loan
- Max savings under Baroda Max Savings Home loan.
- Concession for Women Borrowers- 0.05%
- Nil Processing fee
- Easy Takeover without income documents.
LIC HFL Home Loan
- Online Home loan sanction facility
- Quick sanction and low EMI
- Takeover or balance transfer of existing Home Loans Possible
- No Pre-Payment Penalty
Aadhar Housing Finance Ltd. Home Loan
- •Home loans available without
- income proof
- Fast and transparent loan procedure
- Affordable EMIs
- Tax benefits under
- section 80C
Disclaimer
The interest rates, maximum tenures, and other charges are subject to change, and it's advisable to check with our experts for the most current information.
Home Loan Calculations
Axis Bank vs Bank Of Baroda vs LIC HFL vs Aadhar Housing Finance Ltd. Calculations
Calculator
Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When selecting a home loan from Axis Bank, Bank Of Baroda, LIC HFL, or Aadhar Housing Finance Ltd., interest rates play a crucial role. Axis Bank offers rates of 8.75% - 10.30%, attractive for those looking to minimise monthly payments. Bank Of Baroda provides rates of 8.00% - 10.90%, which might offer better long-term financial benefits. LIC HFL has rates of 8.00% - 10.75%, offering flexibility for various borrowing needs. Aadhar Housing Finance Ltd. presents rates of 9.49% - 10.5%, potentially providing the best initial rates.
Loan Tenure
Axis Bank extends loan tenures up to Max 30 Years, ideal for keeping monthly obligations low. Bank Of Baroda allows loan periods up to Max 30 Years, catering to borrowers seeking a balanced repayment timeline. LIC HFL offers loan tenures up to Max 30 Years, perfect for those who prefer to clear their loan faster. Aadhar Housing Finance Ltd. provides tenures up to Max 30 years, offering options for different repayment preferences.
Maximum Loan Amount
Regarding the maximum loan amount, Axis Bank provides loans up to Upto 5cr, suitable for high-value property purchases. Bank Of Baroda caps at Upto 20cr, fitting for standard housing investments. LIC HFL supports loans up to Upto 5cr, ideal for more affordable real estate acquisitions. Aadhar Housing Finance Ltd. offers maximum loans of Upto 5cr, accommodating various property values.
Processing Fees
Processing fees vary among the banks. Axis Bank charges 1% of the loan amount + GST or a minimum of Rs 10,000, Bank Of Baroda imposes NIL, LIC HFL requires Rs 0.25% of the loan amount + GST, and Aadhar Housing Finance Ltd. sets its fee at Up to Rs.3500 Plus Applicable 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, Bank Of Baroda, LIC HFL, and Aadhar Housing Finance Ltd., 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.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.