Home Loan Comparison
Axis Bank Home Loan vs LIC HFL Home Loan vs Punjab National Bank Home Loan vs Jana Small Finance Bank Home Loan
Introduction
Navigating home loans is simpler when you know what each bank offers. Let's examine Axis Bank, LIC HFL, Punjab National Bank, and Jana Small Finance Bank, 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
LIC HFL Home Loan
- Online Home loan sanction facility
- Quick sanction and low EMI
- Takeover or balance transfer of existing Home Loans Possible
- No Pre-Payment Penalty
Punjab National Bank Home Loan
- Flexibility in Documentation
- High Tenure Loan
- Fund upto 90% of Property Value
- Great Offerings for Loan Against Property
- Quick Sanction and Disbursement
- Customised Eligibility as per Income
Jana Small Finance Bank 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 LIC HFL vs Punjab National Bank vs Jana Small Finance Bank Calculations
Calculator
Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When selecting a home loan from Axis Bank, LIC HFL, Punjab National Bank, or Jana 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. LIC HFL provides rates of 8.00% - 10.75%, which might offer better long-term financial benefits. Punjab National Bank has rates of 8.50% - 11.05%, offering flexibility for various borrowing needs. Jana Small Finance Bank presents rates of 9.75% - 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. LIC HFL allows loan periods up to Max 30 Years, catering to borrowers seeking a balanced repayment timeline. Punjab National Bank offers loan tenures up to Max 30 Years, perfect for those who prefer to clear their loan faster. Jana Small Finance Bank provides tenures up to Max 30 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. LIC HFL caps at Upto 5cr, fitting for standard housing investments. Punjab National Bank supports loans up to Upto 5cr, ideal for more affordable real estate acquisitions. Jana Small Finance Bank offers maximum loans of Upto 3 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, LIC HFL imposes Rs 0.25% of the loan amount + GST, Punjab National Bank requires up to 1% for Home Loan, and Jana Small Finance Bank sets its fee at 0.5%-2% of the loan amount + GST applicable. 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, LIC HFL, Punjab National Bank, and Jana 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.
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