DCB Bank Home Loan vs Piramal Capital & Housing Finance Home Loan

Feature Comparison

When comparing home loans from DCB Bank and Piramal Capital & Housing Finance, the interest rates are a key consideration. DCB Bank provides rates of 9.75%-14.50%, appealing to those who want to keep their monthly payments low. In contrast, Piramal Capital & Housing Finance offers rates of 9.50% - 10.5%, which might result in more significant savings over the life of the loan.

DCB Bank extends loan tenures up to Max 20 years, ideal for borrowers seeking lower monthly commitments. On the other hand, Piramal Capital & Housing Finance offers tenures up to Max 30 years, which can help reduce the total interest paid by shortening the repayment period.

DCB Bank allows a maximum loan amount of Upto 5cr, making it suitable for purchasing high-value or luxury properties. Piramal Capital & Housing Finance limits the loan amount to Upto 5cr, catering to those interested in more affordable housing options.

Processing fees differ between the two banks. DCB Bank charges a fee of Upto 2% or ₹ 5,000 (whichever is higher) Processing fee as applicable of sanction limit, whereas Piramal Capital & Housing Finance imposes a fee of Upto 5% of loan amount + applicable taxes. It's important to include these fees when assessing the overall cost of your home loan.

Conclusion

To make an educated choice that supports your financial aspirations, it's important to consider essential components such as interest rates, eligibility guidelines, loan durations, maximum loan amounts, and processing fees. By analyzing these aspects of the home loans offered by DCB Bank and Piramal Capital & Housing Finance, you can select the option that aligns best with your objectives.