Home Loan Comparison
Axis Bank Home Loan vs HDFC Home Loan
Introduction
Finding the best home loan doesn't have to be difficult. Let's take a closer look at what Axis Bank and HDFC offer, comparing their rates, loan terms, and customer services to help you select the loan that best suits your financial goals.
Bank Highlights
Axis Bank Home Loan
- Competitive Interest Rates
- Hassle Free Loan Balance Transfer
- No Prepayment Charges
- Transparent Processing
- Flexible Tenure
HDFC Home Loan
- Great Customer Service
- Process is Simple and Online
- Certain Restrictions on Online Prepayments
- Competitive Interest Rates
- Multi Branch Banking
- Non Salaried Cases Take Time
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 HDFC 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 comparing home loans from Axis Bank and HDFC, the interest rates are a key consideration. Axis Bank provides rates of 8.75% - 10.30%, appealing to those who want to keep their monthly payments low. In contrast, HDFC offers rates of 8.75% - 9.65%, which might result in more significant savings over the life of the loan.
Loan Tenure
Axis Bank extends loan tenures up to Max 30 Years, ideal for borrowers seeking lower monthly commitments. On the other hand, HDFC offers tenures up to Max 30 Years, which can help reduce the total interest paid by shortening the repayment period.
Maximum Loan Amount
Axis Bank allows a maximum loan amount of Upto 5cr, making it suitable for purchasing high-value or luxury properties. HDFC limits the loan amount to 6cr - 10cr, catering to those interested in more affordable housing options.
Processing Fees
Processing fees differ between the two banks. Axis Bank charges a fee of 1% of the loan amount + GST or a minimum of Rs 10,000, whereas HDFC imposes a fee of Upto 0.50% of the loan amount or Rs. 3300/- whichever is higher. It's important to include these fees when assessing the overall cost of your home loan.
Conclusion
To make an educated choice that supports your financial aspirations, it's important to consider essential components such as interest rates, eligibility guidelines, loan durations, maximum loan amounts, and processing fees. By analyzing these aspects of the home loans offered by Axis Bank and HDFC, you can select the option that aligns best with your objectives.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.