Canara Bank Home Loan vs Piramal Capital & Housing Finance Home Loan vs Aadhar Housing Finance Ltd. Home Loan vs South Indian Bank Home Loan

Feature Comparison

When comparing home loans from Canara Bank, Piramal Capital & Housing Finance, Aadhar Housing Finance Ltd., and South Indian Bank, interest rates are a key factor. Canara Bank provides rates of 8.50% - 11.00%, appealing to those wanting lower monthly payments. Piramal Capital & Housing Finance offers rates of 9.50% - 10.5%, which may result in greater long-term savings. Aadhar Housing Finance Ltd. features rates of 8.75-10.5%, offering flexibility for different financial plans. South Indian Bank presents rates of 8.70% to 11.70%, suitable for borrowers seeking competitive terms.

Canara Bank allows loan tenures up to Upto 30 years or upto 75 years of age of the borrower, whichever is earlier., helping minimise the monthly financial burden. Piramal Capital & Housing Finance offers loan periods up to Max 30 years, catering to borrowers seeking a balanced repayment schedule. Aadhar Housing Finance Ltd. provides loan tenures up to Max 30 years, ideal for those who wish to settle their loan faster. South Indian Bank extends tenures up to Max 30 years, providing additional options for repayment.

For the maximum loan amount, Canara Bank extends up to Upto 5cr, suitable for high-end property purchases. Piramal Capital & Housing Finance caps at Upto 5cr, fitting for standard housing investments. Aadhar Housing Finance Ltd. offers up to Upto 5cr, perfect for more affordable real estate endeavours. South Indian Bank provides loans up to Upto 15cr, accommodating a broad range of property prices.

Processing fees differ among the banks. Canara Bank imposes 0.50% (Min Rs.1500/-+GST and Max. Rs.10,000/-), Piramal Capital & Housing Finance charges Upto 5% of loan amount + applicable taxes, Aadhar Housing Finance Ltd. requires Up to Rs.3500 Plus Applicable GST, and South Indian Bank sets its fee at 0.50% of the loan amount, with a minimum amount of Rs.10000.00. It's essential to account for these fees when calculating your overall loan expenses.

Conclusion

To ensure your home loan selection meets your financial needs, thoroughly review the critical elements—interest rates, eligibility conditions, loan tenures, maximum loan amounts, and processing fees—across the offerings from Canara Bank, Piramal Capital & Housing Finance, Aadhar Housing Finance Ltd., and South Indian Bank.