Axis Bank Home Loan vs Canara Bank Home Loan vs Aditya Birla Housing Finance Ltd Home Loan vs Aadhar Housing Finance Ltd. Home Loan

Feature Comparison

When selecting a home loan from Axis Bank, Canara Bank, Aditya Birla Housing Finance Ltd, or Aadhar Housing Finance Ltd., interest rates play a crucial role. Axis Bank offers rates of 7.60% - 9.35%, attractive for those looking to minimise monthly payments. Canara Bank provides rates of 7.40% - 10.25%, which might offer better long-term financial benefits. Aditya Birla Housing Finance Ltd has rates of 8.25% - 11.85%, offering flexibility for various borrowing needs. Aadhar Housing Finance Ltd. presents rates of 10.50% - 16.50%, potentially providing the best initial rates.

Axis Bank extends loan tenures up to Max 30 Years, ideal for keeping monthly obligations low. Canara Bank allows loan periods up to Upto 30 years or upto 75 years of age of the borrower, whichever is earlier., catering to borrowers seeking a balanced repayment timeline. Aditya Birla Housing Finance Ltd 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.

Regarding the maximum loan amount, Axis Bank provides loans up to Upto 5cr, suitable for high-value property purchases. Canara Bank caps at Upto 5cr, fitting for standard housing investments. Aditya Birla Housing Finance Ltd 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 vary among the banks. Axis Bank charges 1% of the loan amount + GST or a minimum of Rs 10,000, Canara Bank imposes 0.50% (Min Rs.1500/-+GST and Max. Rs.10,000/-), Aditya Birla Housing Finance Ltd requires Up to 1.75% of the loan amount, 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, Canara Bank, Aditya Birla Housing Finance Ltd, 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.