Grihum Housing Finance Home Loan vs HDFC Home Loan

Feature Comparison

When comparing home loan options between Grihum Housing Finance and HDFC, it's essential to evaluate key factors to find the best fit for your financial situation. Grihum Housing Finance offers an attractive interest rate of 9.90% - 17.25%., which is beneficial for those looking to minimise their monthly payments. In contrast, HDFC provides rates of 8.75% - 9.65%, potentially leading to more significant savings over the life of the loan.

Grihum Housing Finance presents a flexible loan tenure of up to Max 30 years, ideal for borrowers who prefer lower monthly obligations. Conversely, HDFC offers loan tenures extending to Max 30 Years, which may appeal to those who aim to repay their loan faster and reduce the total interest paid.

When it comes to the maximum loan amount, Grihum Housing Finance allows borrowing up to Upto 5cr, making it suitable for purchasing high-value properties or premium real estate. On the other hand, HDFC caps the loan amount at 6cr - 10cr, which is ideal for more modest home investments.

Additionally, processing fees play a crucial role in the initial costs of your home loan. Grihum Housing Finance charges a processing fee of 0.50% of your sanctioned loan amount, whereas HDFC sets its fee of Upto 0.50% of the loan amount or Rs. 3300/- whichever is higher. It's important to factor in these fees when calculating the overall cost of your loan.

Conclusion

To choose a home loan that aligns with your financial objectives, it's crucial to evaluate key factors such as interest rates, eligibility criteria, loan tenure, maximum loan amounts, and processing fees. By thoroughly comparing these aspects of the home loan products offered by Grihum Housing Finance and HDFC, you can make an informed decision that best suits your needs.