Home Loan Comparison
Equitas Small Finance Bank Home Loan vs Ujjivan Small Finance Bank Home Loan vs HSBC Home Loan
Introduction
Looking for the right home loan can be tough with so many choices out there. In this guide, we'll compare home loans from Equitas Small Finance Bank, Ujjivan Small Finance Bank, and HSBC. All three banks offer loans to both salaried and self-employed people and cover different types of properties. But the best option for you depends on your personal needs and financial situation. Let's look at what each bank has to offer so you can make the best choice.
Bank Highlights
Equitas Small Finance Bank Home Loan
- Enjoy affordable EMI
- Get speedy approvals
- Pay at your convenience with flexible repayments
- Get loan of up to ₹300 Lakhs
Ujjivan Small Finance Bank Home Loan
- Easy documentation
- Lower EMIs
- Fast approval and disbursement
- Smooth, hassle-free process
- Flexible policies
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
Equitas Small Finance Bank vs Ujjivan Small Finance Bank vs HSBC Calculations
Calculator
Home Loan EMI Calculator
WhatsApp UsLoan Amount
₹ 0
Interest Amount
₹ 0
Total Payable
₹ 0
Monthly EMI
₹ 0
Your Amortization details(Yearly/Monthly)
Feature Comparison
Rate of Interest
When selecting a home loan among Equitas Small Finance Bank, Ujjivan Small Finance Bank, and HSBC, it's essential to assess the interest rates. Equitas Small Finance Bank offers rates of 11.00% - 14.00%, making it attractive for lower monthly instalments. Ujjivan Small Finance Bank provides rates of 8.75% - 16.75%, potentially yielding better long-term benefits. Meanwhile, HSBC has rates of 8.25%-11.00%, suitable for borrowers seeking flexibility.
Loan Tenure
Equitas Small Finance Bank extends loan tenures up to Max 20 years, ideal for minimising monthly financial strain. Ujjivan Small Finance Bank allows up to Max 20 years, catering to those who prefer a balanced repayment period. HSBC offers up to Max 25 years, perfect for borrowers aiming for quicker loan settlement.
Maximum Loan Amount
For maximum loan amounts, Equitas Small Finance Bank supports up to Upto 3cr, ideal for high-value property purchases. Ujjivan Small Finance Bank caps at Upto 75 Lakhs, suitable for standard investments. HSBC provides up to Upto 60 crore, fitting for modest real estate ventures.
Processing Fees
Processing fees vary across banks. Equitas Small Finance Bank charges Up to 2% on the sanctioned home loan, Ujjivan Small Finance Bank imposes ₹ 3,350 + GST applicable (Non – refundable), and HSBC requires 1% of the loan amount sanctioned or INR10,000, whichever is higher. It's crucial to factor these fees into your initial loan costs.
Conclusion
To make an informed decision that aligns with your financial goals, carefully consider these crucial factors—interest rates, eligibility criteria, loan tenure, maximum loan amount, and processing fees—of the home loan products from Equitas Small Finance Bank, Ujjivan Small Finance Bank, and HSBC.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.