Home Loan Comparison
Equitas Small Finance Bank vs HDFC Home Loan
Introduction
As we compare Equitas Small Finance Bank Home Loan with HDFC Home Loan Home Loan, it’s important to note a few similarities: both serve salaried and self-employed individuals and accommodate every property type. But remember, the effectiveness of this comparison largely depends on the borrower's profile—be it you or a family member. Keep this in mind as we explore what each home loan has to offer.
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
Equitas Small Finance Bank vs HDFC Home Loan Calculations
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Feature Comparison
Rate of Interest
When evaluating home loan choices between Equitas Small Finance Bank Home Loan and HDFC Home Loan Home Loan, consider several crucial aspects to determine the most suitable option for your finances. Equitas Small Finance Bank Home Loan provides a competitive interest rate at 11.00% - 14.00% , appealing for those seeking lower monthly payments. Conversely, HDFC Home Loan Home Loan, with its 8.70% - 9.70%, may offer more substantial long-term savings.
Loan Tenure
Equitas Small Finance Bank Home Loan offers the longest tenure of up to Max 20 years, suitable for those who want minimal impact on their monthly budget. Conversely, HDFC Home Loan Home Loan provides a quicker route to becoming debt-free with a tenure of up to Max 30 Years.
Maximum Loan Amount
When considering the maximum loan amount, Equitas Small Finance Bank Home Loan provides up to Upto 3cr, ideal for buying premium properties. Conversely, HDFC Home Loan Home Loan allows a maximum of 6cr - 10cr, perfect for more modest investments.
Processing Fees
Furthermore, processing fees need attention as they affect your starting loan costs. Equitas Small Finance Bank Home Loan imposes a fee of Up to 2% on the sanctioned home loan, while HDFC Home Loan Home Loan sets its fee at Rs 3000 + GST.
Conclusion
To make an educated choice that meets your financial goals, review these critical aspects—interest rate, eligibility, loan tenure, maximum loan limit, and processing fees—of the home loan products from Equitas Small Finance Bank and HDFC Home Loan.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.