Home Loan Comparison
Axis Bank Home Loan vs Equitas Small Finance Bank Home Loan vs Jana Small Finance Bank Home Loan vs HSBC Home Loan
Introduction
Navigating home loans is simpler when you know what each bank offers. Let's examine Axis Bank, Equitas Small Finance Bank, Jana Small Finance Bank, and HSBC, 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
Equitas Small Finance Bank Home Loan
- Enjoy affordable EMI
- Get speedy approvals
- Pay at your convenience with flexible repayments
- Get loan of up to ₹300 Lakhs
Jana Small Finance Bank Home Loan
- Lower EMI Options
- Transparent Terms and Conditions
- Dedicated Customer Support
- Fast Approval and Disbursement
- Flexible Policies
HSBC Home Loan
- Lower EMI Options
- Transparent Terms and Conditions
- Dedicated Customer Support
- Fast Approval and Disbursement
- Flexible Policies
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 Equitas Small Finance Bank vs Jana Small Finance Bank vs HSBC Calculations
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Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When selecting a home loan from Axis Bank, Equitas Small Finance Bank, Jana Small Finance Bank, or HSBC, interest rates play a crucial role. Axis Bank offers rates of 8.75% - 10.30%, attractive for those looking to minimise monthly payments. Equitas Small Finance Bank provides rates of 11.00% - 14.00%, which might offer better long-term financial benefits. Jana Small Finance Bank has rates of 9.75% - 11.00%, offering flexibility for various borrowing needs. HSBC presents rates of 8.25%-11.00%, potentially providing the best initial rates.
Loan Tenure
Axis Bank extends loan tenures up to Max 30 Years, ideal for keeping monthly obligations low. Equitas Small Finance Bank allows loan periods up to Max 20 years, catering to borrowers seeking a balanced repayment timeline. Jana Small Finance Bank offers loan tenures up to Max 30 years, perfect for those who prefer to clear their loan faster. HSBC provides tenures up to Max 25 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. Equitas Small Finance Bank caps at Upto 3cr, fitting for standard housing investments. Jana Small Finance Bank supports loans up to Upto 3 Cr, ideal for more affordable real estate acquisitions. HSBC offers maximum loans of Upto 60 crore, 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, Equitas Small Finance Bank imposes Up to 2% on the sanctioned home loan, Jana Small Finance Bank requires 0.5%-2% of the loan amount + GST applicable, and HSBC sets its fee at 1% of the loan amount sanctioned or INR10,000, whichever is higher. 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, Equitas Small Finance Bank, Jana Small Finance Bank, and HSBC, 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.
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