Home Loan Comparison
Bajaj Finance Home Loan vs Aavas Housing Finance Home Loan vs Shriram Housing Finance Home Loan vs Grihum Housing Finance Home Loan
Introduction
Finding the best home loan can save you money and stress. We'll compare the home loan products from Bajaj Finance, Aavas Housing Finance, Shriram Housing Finance, and Grihum Housing Finance, focusing on their rates, terms, and additional features. Discover which bank offers the most advantageous package for your home purchase.
Bank Highlights
Bajaj Finance Home Loan
- Low-Interest Rates
- Approval in 48 Hours
- No Foreclosure Fee for individuals
- Hassle Free Application
Aavas Housing Finance Home Loan
- Wide Range of Eligible Properties
- Integrated Branch Network
- Loan Amount Flexibility
- Flexible Tenure Options
Shriram Housing Finance Home Loan
- Flexible Repayment
- Easy Documentation
- Life insurance cover is offered to housing loan borrowers
- Dedicated Relationship Manager
Grihum Housing Finance Home Loan
- Comprehensive Solutions for Every Dream House
- Affordability at its Core
- Financial Freedom, Simplified
- 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
Bajaj Finance vs Aavas Housing Finance vs Shriram Housing Finance vs Grihum Housing Finance Calculations
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Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When evaluating home loan options from Bajaj Finance, Aavas Housing Finance, Shriram Housing Finance, and Grihum Housing Finance, consider their interest rates carefully. Bajaj Finance offers rates of 7.99% - 15.00%, which can lead to lower monthly payments. Aavas Housing Finance provides rates of 8.50-10.5%, potentially offering better savings over the life of the loan. Shriram Housing Finance has rates of 9.50% - 10.5%, suitable for borrowers needing adaptable financing terms. Grihum Housing Finance offers rates of 9.00% - 17.25%, which might be advantageous for cost-sensitive borrowers.
Loan Tenure
Bajaj Finance provides loan tenures up to Max 40 Years, ideal for reducing monthly financial commitments. Aavas Housing Finance offers loan durations up to Max 30 years, balancing repayment terms with financial flexibility. Shriram Housing Finance allows loan periods up to Max 25 years, perfect for those aiming to repay their loans more swiftly. Grihum Housing Finance extends tenures up to Max 30 years, accommodating various repayment strategies.
Maximum Loan Amount
In terms of maximum loan amounts, Bajaj Finance offers up to Upto 5cr, making it ideal for purchasing luxury properties. Aavas Housing Finance caps loans at Upto 3cr, suitable for standard home investments. Shriram Housing Finance provides loans up to Upto 10 Cr, catering to more modest real estate purchases. Grihum Housing Finance offers maximum loans of Upto 5cr, supporting a wide range of property investments.
Processing Fees
Processing fees are an important consideration. Bajaj Finance charges Up to 4% of the loan amount, Aavas Housing Finance imposes Up to 2% + GST, Shriram Housing Finance sets its fee at Up to 2.5% of the loan amount plus applicable taxes., and Grihum Housing Finance requires 0.50% of your sanctioned loan amount. These fees should be factored into your initial loan costs to determine the most economical option.
Conclusion
Making the right choice among the home loans offered by Bajaj Finance, Aavas Housing Finance, Shriram Housing Finance, and Grihum Housing Finance involves a detailed evaluation of several critical factors. By thoroughly assessing interest rates, eligibility requirements, loan tenures, maximum loan amounts, and processing fees, you can select a loan that best aligns with your financial goals and facilitates a smooth path to homeownership.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.