Axis Bank Home Loan vs ICICI Bank Home Loan vs Aditya Birla Housing Finance Ltd Home Loan vs Ujjivan Small Finance Bank Home Loan

Feature Comparison

When selecting a home loan from Axis Bank, ICICI Bank, Aditya Birla Housing Finance Ltd, or Ujjivan Small Finance Bank, 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. Aditya Birla Housing Finance Ltd has rates of 8.50% - 10.5%, offering flexibility for various borrowing needs. Ujjivan Small Finance Bank presents rates of 8.75% - 16.75%, potentially providing the best initial rates.

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. Aditya Birla Housing Finance Ltd offers loan tenures up to Max 30 years, perfect for those who prefer to clear their loan faster. Ujjivan Small Finance Bank provides tenures up to Max 20 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. ICICI 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. Ujjivan Small Finance Bank offers maximum loans of Upto 75 Lakhs, 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, ICICI Bank imposes 0.50% of the loan amount, Aditya Birla Housing Finance Ltd requires Up to 1.75% of the loan amount, and Ujjivan Small Finance Bank sets its fee at ₹ 3,350 + GST applicable (Non – refundable). 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, Aditya Birla Housing Finance Ltd, and Ujjivan Small Finance Bank, 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.