Home Loan Comparison
Canara Bank Home Loan vs Sammaan Capital Home Loan vs Piramal Capital & Housing Finance Home Loan vs HSBC Home Loan
Introduction
When choosing a home loan, it's essential to understand your options. Compare Canara Bank, Sammaan Capital, Piramal Capital & Housing Finance, and HSBC to see how they differ in terms of interest rates, loan flexibility, and customer service. This guide will assist you in selecting the loan that best meets your needs.
Bank Highlights
Canara Bank Home Loan
- No upper limit on housing loan quantum
- No Prepayment penalty
- Minimal processing charges
- Complimentary Credit Card
- Reducing Balance Interest Rate
Sammaan Capital Home Loan
- •Customized repayment solutions
- All round assistance
- No prepayment charges
- Door step services
- Minimal documentation
Piramal Capital & Housing Finance Home Loan
- •Easy Procedures
- Flexibility Of Repayment
- Home Loan EMI That Fits Your Pocket
- Minimal documentation
HSBC Home Loan
- Lower EMI Options
- Transparent Terms and Conditions
- Dedicated Customer Support
- Fast Approval and Disbursement
- Flexible Policies
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
Canara Bank vs Sammaan Capital vs Piramal Capital & Housing Finance vs HSBC Calculations
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Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When comparing home loans from Canara Bank, Sammaan Capital, Piramal Capital & Housing Finance, and HSBC, interest rates are a key factor. Canara Bank provides rates of 7.40% - 10.25%, appealing to those wanting lower monthly payments. Sammaan Capital offers rates of 8.75% - 15.00%, which may result in greater long-term savings. Piramal Capital & Housing Finance features rates of 9.50% - 10.5%, offering flexibility for different financial plans. HSBC presents rates of 7.70%-11.00%, suitable for borrowers seeking competitive terms.
Loan Tenure
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. Sammaan Capital offers loan periods up to Max 30 years, catering to borrowers seeking a balanced repayment schedule. Piramal Capital & Housing Finance provides loan tenures up to Max 30 years, ideal for those who wish to settle their loan faster. HSBC extends tenures up to Max 25 years, providing additional options for repayment.
Maximum Loan Amount
For the maximum loan amount, Canara Bank extends up to Upto 5cr, suitable for high-end property purchases. Sammaan Capital caps at Upto 5cr, fitting for standard housing investments. Piramal Capital & Housing Finance offers up to Upto 5cr, perfect for more affordable real estate endeavours. HSBC provides loans up to Upto 60 crore, accommodating a broad range of property prices.
Processing Fees
Processing fees differ among the banks. Canara Bank imposes 0.50% (Min Rs.1500/-+GST and Max. Rs.10,000/-), Sammaan Capital charges 0.50% onwards of loan amount, Piramal Capital & Housing Finance requires Upto 5% of loan amount + applicable taxes, and HSBC sets its fee at 1% of the loan amount sanctioned or INR10,000, whichever is higher. 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, Sammaan Capital, Piramal Capital & Housing Finance, and HSBC.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.