Home Loan Comparison
Bajaj Finance Home Loan vs TATA Capital Home Loan vs IDFC First Bank Home Loan vs Sammaan Capital Home Loan
Introduction
Finding the best home loan can save you money and stress. We'll compare the home loan products from Bajaj Finance, TATA Capital, IDFC First Bank, and Sammaan Capital, 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
TATA Capital Home Loan
- Digital Application Process
- Instant Provisional Sanction
- Online Prepayments are Easy and simple
- Minimal Documentation
- Approval in 48 Hours
IDFC First Bank Home Loan
- Minimal documentation, tailor-made loans
- Up to 100% top-up at the same rate as balance transfers
- Enhanced eligibility for salaried & self-employed customers
- Digital process for availing loans up to ₹10 crore and tenure up to 30 years
Sammaan Capital Home Loan
- •Customized repayment solutions
- All round assistance
- No prepayment charges
- Door step services
- Minimal documentation
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 TATA Capital vs IDFC First Bank vs Sammaan Capital 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, TATA Capital, IDFC First Bank, and Sammaan Capital, consider their interest rates carefully. Bajaj Finance offers rates of 8.50% - 15.00%, which can lead to lower monthly payments. TATA Capital provides rates of 8.75% - 10%, potentially offering better savings over the life of the loan. IDFC First Bank has rates of 8.85% - 14%, suitable for borrowers needing adaptable financing terms. Sammaan Capital offers rates of 8.75% - 10.5%, 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. TATA Capital offers loan durations up to Max 30 Years, balancing repayment terms with financial flexibility. IDFC First Bank allows loan periods up to Max 30 Years, perfect for those aiming to repay their loans more swiftly. Sammaan Capital 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. TATA Capital caps loans at Upto 5cr, suitable for standard home investments. IDFC First Bank provides loans up to Upto 5 Cr, catering to more modest real estate purchases. Sammaan Capital 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, TATA Capital imposes upto 2% of loan amount+ GST, IDFC First Bank sets its fee at Up to 3% of loan amount, and Sammaan Capital requires 0.50% onwards of 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, TATA Capital, IDFC First Bank, and Sammaan Capital 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.
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