Home Loan Comparison
Axis Bank Home Loan vs Bank Of India Home Loan vs LIC HFL Home Loan vs Grihum Housing Finance Home Loan
Introduction
Navigating home loans is simpler when you know what each bank offers. Let's examine Axis Bank, Bank Of India, LIC HFL, and Grihum Housing Finance, 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 India Home Loan
- Low Interest Rates
- No Hidden Charges
- Minimal Documentation
- Apply Online
- Finish up the process in 15 minutes
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
Grihum Housing Finance Home Loan
- Comprehensive Solutions for Every Dream House
- Affordability at its Core
- Financial Freedom, Simplified
- Flexibility Tailored for You.
- Easy top up loans in future.
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 India vs LIC HFL vs Grihum Housing Finance Calculations
Calculator
Home Loan EMI Calculator
WhatsApp UsLoan Amount
₹ 0
Interest Amount
₹ 0
Total Payable
₹ 0
Monthly EMI
₹ 0
Your Amortization details(Yearly/Monthly)
Feature Comparison
Rate of Interest
When selecting a home loan from Axis Bank, Bank Of India, LIC HFL, 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. Bank Of India provides rates of 7.85% - 10.75%, which might offer better long-term financial benefits. LIC HFL has rates of 8.50% - 10.75%, offering flexibility for various borrowing needs. Grihum Housing Finance presents rates of 9.90% - 17.25%., 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 India 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. Grihum Housing Finance 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 India caps at Upto 5cr, fitting for standard housing investments. LIC HFL supports loans up to Upto 5cr, ideal for more affordable real estate acquisitions. Grihum Housing Finance 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 India imposes 0.25% of the loan amount + GST upto Rs 20,000, LIC HFL requires Rs 0.25% of the loan amount + GST, 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, Bank Of India, LIC HFL, 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.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.