Home Loan Comparison
Axis Bank Home Loan vs ICICI Bank Home Loan vs Aadhar Housing Finance Ltd. Home Loan vs L&T Housing Finance Home Loan
Introduction
Navigating home loans is simpler when you know what each bank offers. Let's examine Axis Bank, ICICI Bank, Aadhar Housing Finance Ltd., and L&T 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
ICICI Bank Home Loan
- Generous Loan Amount
- Flexible Tenure
- No Foreclosure Charges
- Minimal Documentation
- Instant Provisional Sanction
Aadhar Housing Finance Ltd. Home Loan
- •Home loans available without
- income proof
- Fast and transparent loan procedure
- Affordable EMIs
- Tax benefits under
- section 80C
L&T Housing Finance Home Loan
- Digitized Process
- Dedicated Relationship Manager
- Lowest Down Payment
- 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 ICICI Bank vs Aadhar Housing Finance Ltd. vs L&T Housing Finance Calculations
Calculator
Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When selecting a home loan from Axis Bank, ICICI Bank, Aadhar Housing Finance Ltd., or L&T 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. ICICI Bank provides rates of 8.50% - 10.00%, which might offer better long-term financial benefits. Aadhar Housing Finance Ltd. has rates of 9.49% - 10.5%, offering flexibility for various borrowing needs. L&T Housing Finance presents rates of 8.65%- 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. ICICI Bank allows loan periods up to Max 30 Years, catering to borrowers seeking a balanced repayment timeline. Aadhar Housing Finance Ltd. offers loan tenures up to Max 30 years, perfect for those who prefer to clear their loan faster. L&T Housing Finance 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. ICICI Bank caps at Upto 5cr, fitting for standard housing investments. Aadhar Housing Finance Ltd. supports loans up to Upto 5cr, ideal for more affordable real estate acquisitions. L&T Housing Finance offers maximum loans of Upto 10 Cr, 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, ICICI Bank imposes 0.50% of the loan amount, Aadhar Housing Finance Ltd. requires Up to Rs.3500 Plus Applicable GST, and L&T Housing Finance sets its fee at Up to 3% of sanctioned 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, ICICI Bank, Aadhar Housing Finance Ltd., and L&T 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.