Home Loan Comparison
HDFC Home Loan vs Bank Of Baroda Home Loan vs Ujjivan Small Finance Bank Home Loan vs Union Bank Of India Home Loan
Introduction
Buying a home is a major milestone, and finding the right loan is key. Let's explore what HDFC, Bank Of Baroda, Ujjivan Small Finance Bank, and Union Bank Of India offer in terms of interest rates, loan terms, and special benefits. By comparing their features, you can make an informed decision that fits your financial situation.
Bank Highlights
HDFC Home Loan
- Great Customer Service
- Process is Simple and Online
- Certain Restrictions on Online Prepayments
- Competitive Interest Rates
- Multi Branch Banking
- Non Salaried Cases Take Time
Bank Of Baroda Home Loan
- Max savings under Baroda Max Savings Home loan.
- Concession for Women Borrowers- 0.05%
- Nil Processing fee
- Easy Takeover without income documents.
Ujjivan Small Finance Bank Home Loan
- Easy documentation
- Lower EMIs
- Fast approval and disbursement
- Smooth, hassle-free process
- Flexible policies
Union Bank Of India Home Loan
- Zero processing charges
- Attractive interest rates
- 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
HDFC vs Bank Of Baroda vs Ujjivan Small Finance Bank vs Union Bank Of India Calculations
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Feature Comparison
Rate of Interest
When selecting a home loan among HDFC, Bank Of Baroda, Ujjivan Small Finance Bank, and Union Bank Of India, it's essential to assess the interest rates. HDFC offers rates of 8.75% - 9.65%, making it attractive for lower monthly instalments. Bank Of Baroda provides rates of 8.40% - 10.90%, potentially yielding better long-term benefits. Meanwhile, Ujjivan Small Finance Bank has rates of 8.75% - 16.75%, suitable for borrowers seeking flexibility. Union Bank Of India offers rates of 8.50%-10.75%, ideal for those prioritizing competitive initial rates.
Loan Tenure
HDFC extends loan tenures up to Max 30 Years, ideal for minimising monthly financial strain. Bank Of Baroda allows up to Max 30 Years, catering to those who prefer a balanced repayment period. Ujjivan Small Finance Bank offers up to Max 20 years, perfect for borrowers aiming for quicker loan settlement. Union Bank Of India provides loan tenures up to Max 30 years, offering additional flexibility for repayment plans.
Maximum Loan Amount
For maximum loan amounts, HDFC supports up to 6cr - 10cr, ideal for high-value property purchases. Bank Of Baroda caps at Upto 20cr, suitable for standard investments. Ujjivan Small Finance Bank provides up to Upto 75 Lakhs, fitting for modest real estate ventures. Union Bank Of India offers loans up to Upto 5cr, accommodating a wide range of property values.
Processing Fees
Processing fees vary across banks. HDFC charges Upto 0.50% of the loan amount or Rs. 3300/- whichever is higher, Bank Of Baroda imposes NIL, Ujjivan Small Finance Bank requires ₹ 3,350 + GST applicable (Non – refundable), and Union Bank Of India sets its fee at 0.50% of the loan amount subject to a maximum of Rs. 15000 plus GST. 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 HDFC, Bank Of Baroda, Ujjivan Small Finance Bank, and Union Bank Of India.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.