Home Loan Comparison
Axis Bank Home Loan vs Ujjivan Small Finance Bank Home Loan vs HSBC Home Loan vs Cholamandalam Home Loan
Introduction
Navigating home loans is simpler when you know what each bank offers. Let's examine Axis Bank, Ujjivan Small Finance Bank, HSBC, and Cholamandalam, 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
Ujjivan Small Finance Bank Home Loan
- Easy documentation
- Lower EMIs
- Fast approval and disbursement
- Smooth, hassle-free process
- Flexible policies
HSBC Home Loan
- Lower EMI Options
- Transparent Terms and Conditions
- Dedicated Customer Support
- Fast Approval and Disbursement
- Flexible Policies
Cholamandalam Home Loan
- Minimum Documentation
- Personalised Doorstep Service
- Fast track approval process
- Balance Transfer with better interest rates
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 Ujjivan Small Finance Bank vs HSBC vs Cholamandalam 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 selecting a home loan from Axis Bank, Ujjivan Small Finance Bank, HSBC, or Cholamandalam, interest rates play a crucial role. Axis Bank offers rates of 8.75% - 10.30%, attractive for those looking to minimise monthly payments. Ujjivan Small Finance Bank provides rates of 8.75% - 16.75%, which might offer better long-term financial benefits. HSBC has rates of 8.25%-11.00%, offering flexibility for various borrowing needs. Cholamandalam presents rates of 9.00%-15.00%, potentially providing the best initial rates.
Loan Tenure
Axis Bank extends loan tenures up to Max 30 Years, ideal for keeping monthly obligations low. Ujjivan Small Finance Bank allows loan periods up to Max 20 years, catering to borrowers seeking a balanced repayment timeline. HSBC offers loan tenures up to Max 25 years, perfect for those who prefer to clear their loan faster. Cholamandalam 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. Ujjivan Small Finance Bank caps at Upto 75 Lakhs, fitting for standard housing investments. HSBC supports loans up to Upto 60 crore, ideal for more affordable real estate acquisitions. Cholamandalam offers maximum loans of Upto 5cr, 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, Ujjivan Small Finance Bank imposes ₹ 3,350 + GST applicable (Non – refundable), HSBC requires 1% of the loan amount sanctioned or INR10,000, whichever is higher, and Cholamandalam sets its fee at Up to Rs 5,000 (including GST). 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, Ujjivan Small Finance Bank, HSBC, and Cholamandalam, 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.