Axis Bank Home Loan vs Piramal Capital & Housing Finance Home Loan vs Equitas Small Finance Bank Home Loan vs RBL Bank Home Loan

Feature Comparison

When selecting a home loan from Axis Bank, Piramal Capital & Housing Finance, Equitas Small Finance Bank, or RBL Bank, interest rates play a crucial role. Axis Bank offers rates of 8.75% - 10.30%, attractive for those looking to minimise monthly payments. Piramal Capital & Housing Finance provides rates of 9.50% - 10.5%, which might offer better long-term financial benefits. Equitas Small Finance Bank has rates of 11.00% - 14.00%, offering flexibility for various borrowing needs. RBL Bank presents rates of 9.00%-11.00%, potentially providing the best initial rates.

Axis Bank extends loan tenures up to Max 30 Years, ideal for keeping monthly obligations low. Piramal Capital & Housing Finance allows loan periods up to Max 30 years, catering to borrowers seeking a balanced repayment timeline. Equitas Small Finance Bank offers loan tenures up to Max 20 years, perfect for those who prefer to clear their loan faster. RBL Bank provides tenures up to Max 30 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. Piramal Capital & Housing Finance caps at Upto 5cr, fitting for standard housing investments. Equitas Small Finance Bank supports loans up to Upto 3cr, ideal for more affordable real estate acquisitions. RBL Bank offers maximum loans of Upto 15 Cr, 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, Piramal Capital & Housing Finance imposes Upto 5% of loan amount + applicable taxes, Equitas Small Finance Bank requires Up to 2% on the sanctioned home loan, and RBL Bank sets its fee at Up to 1.5% of the loan amount or up to Rs 15,000. 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, Piramal Capital & Housing Finance, Equitas Small Finance Bank, and RBL 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.