Home Loan Comparison
Bank Of Baroda Home Loan vs LIC HFL Home Loan vs Punjab National Bank Home Loan vs RBL Bank Home Loan
Introduction
Your dream home deserves the best financing. Compare the home loan options from Bank Of Baroda, LIC HFL, Punjab National Bank, and RBL Bank, focusing on their interest rates, loan terms, and special features. This overview will guide you in selecting the loan that best supports your homeownership journey.
Bank Highlights
Bank Of Baroda Home Loan
- Max savings under Baroda Max Savings Home loan.
- Concession for Women Borrowers- 0.05%
- Nil Processing fee
- Easy Takeover without income documents.
LIC HFL Home Loan
- Online Home loan sanction facility
- Quick sanction and low EMI
- Takeover or balance transfer of existing Home Loans Possible
- No Pre-Payment Penalty
Punjab National Bank Home Loan
- Flexibility in Documentation
- High Tenure Loan
- Fund upto 90% of Property Value
- Great Offerings for Loan Against Property
- Quick Sanction and Disbursement
- Customised Eligibility as per Income
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
Bank Of Baroda vs LIC HFL vs Punjab National Bank vs RBL Bank Calculations
Calculator
Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When evaluating home loans from Bank Of Baroda, LIC HFL, Punjab National Bank, and RBL Bank, interest rates are a key consideration. Bank Of Baroda offers rates of 8.00% - 10.90%, potentially lowering your monthly repayments. LIC HFL provides rates of 8.00% - 10.75%, which could lead to greater savings over the life of the loan. Punjab National Bank presents rates of 8.50% - 11.05%, possibly offering the most favourable terms for your needs. RBL Bank offers rates of 9.00%-11.00%, which might be the most competitive option.
Loan Tenure
Loan tenure impacts the repayment timeline. Bank Of Baroda offers a tenure of up to Max 30 Years, perfect for those preferring extended periods to ease monthly payments. LIC HFL provides a tenure of Max 30 Years, ideal for borrowers aiming to repay their loan sooner. Punjab National Bank allows for a maximum tenure of Max 30 Years, offering flexibility based on your financial plans. RBL Bank offers tenures up to Max 30 years, accommodating different repayment preferences.
Maximum Loan Amount
The maximum loan amount determines the value of the property you can purchase. Bank Of Baroda provides loans up to Upto 20cr, suitable for luxury properties. LIC HFL offers a maximum of Upto 5cr, aligning with moderate investment properties. Punjab National Bank approves loans up to Upto 5cr, catering to a diverse range of property values. RBL Bank extends maximum loans of Upto 15 Cr, supporting various real estate investments.
Processing Fees
Processing fees can affect your overall loan cost. Bank Of Baroda charges NIL, which should be considered in your initial budget. LIC HFL imposes Rs 0.25% of the loan amount + GST, impacting your upfront expenses. Punjab National Bank sets its fee at up to 1% for Home Loan, while RBL Bank requires Up to 1.5% of the loan amount or up to Rs 15,000. These fees should be included in your cost calculations.
Conclusion
Selecting the right home loan is crucial for your financial future. By comparing the interest rates, eligibility criteria, loan tenures, maximum loan amounts, and processing fees offered by Bank Of Baroda, LIC HFL, Punjab National Bank, and RBL Bank, you can choose the option that best fits your needs and helps you achieve your homeownership goals.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.