Home Loan Comparison
Bajaj Finance Home Loan vs Ujjivan Small Finance Bank Home Loan vs Union Bank Of India Home Loan vs RBL Bank Home Loan
Introduction
Finding the best home loan can save you money and stress. We'll compare the home loan products from Bajaj Finance, Ujjivan Small Finance Bank, Union Bank Of India, and RBL Bank, 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
Ujjivan Small Finance Bank Home Loan
- Easy documentation
- Lower EMIs
- Fast approval and disbursement
- Smooth, hassle-free process
- Flexible policies
Union Bank Of India Home Loan
- Zero processing charges
- Attractive interest rates
- Dedicated Customer Support
- Fast Approval and Disbursement
- Flexible Policies
RBL Bank Home Loan
- Housing Loans of up to INR 15 Crores
- Attractive interest rates
- Tax benefits up to 3.5 lakhs*
- 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 Ujjivan Small Finance Bank vs Union Bank Of India vs RBL Bank Calculations
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Feature Comparison
Rate of Interest
When evaluating home loan options from Bajaj Finance, Ujjivan Small Finance Bank, Union Bank Of India, and RBL Bank, consider their interest rates carefully. Bajaj Finance offers rates of 7.99% - 15.00%, which can lead to lower monthly payments. Ujjivan Small Finance Bank provides rates of 8.75% - 16.75%, potentially offering better savings over the life of the loan. Union Bank Of India has rates of 7.35%-10.75%, suitable for borrowers needing adaptable financing terms. RBL Bank offers rates of 9.00%-11.00%, 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. Ujjivan Small Finance Bank offers loan durations up to Max 20 years, balancing repayment terms with financial flexibility. Union Bank Of India allows loan periods up to Max 30 years, perfect for those aiming to repay their loans more swiftly. RBL Bank 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. Ujjivan Small Finance Bank caps loans at Upto 75 Lakhs, suitable for standard home investments. Union Bank Of India provides loans up to Upto 5cr, catering to more modest real estate purchases. RBL Bank offers maximum loans of Upto 15 Cr, 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, Ujjivan Small Finance Bank imposes ₹ 3,350 + GST applicable (Non – refundable), Union Bank Of India sets its fee at 0.50% of the loan amount subject to a maximum of Rs. 15000 plus GST, and RBL Bank requires Up to 1.5% of the loan amount or up to Rs 15,000. 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, Ujjivan Small Finance Bank, Union Bank Of India, and RBL Bank 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.