Home Loan Comparison
HDFC Home Loan vs Bank Of India Home Loan vs Aadhar Housing Finance Ltd. Home Loan vs Jana Small Finance Bank Home Loan
Introduction
Buying a home is a major milestone, and finding the right loan is key. Let's explore what HDFC, Bank Of India, Aadhar Housing Finance Ltd., and Jana Small Finance Bank 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 India Home Loan
- Low Interest Rates
- No Hidden Charges
- Minimal Documentation
- Apply Online
- Finish up the process in 15 minutes
Aadhar Housing Finance Ltd. Home Loan
- •Home loans available without
- income proof
- Fast and transparent loan procedure
- Affordable EMIs
- Tax benefits under
- section 80C
Jana Small Finance Bank 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
HDFC vs Bank Of India vs Aadhar Housing Finance Ltd. vs Jana Small Finance Bank Calculations
Calculator
Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When selecting a home loan among HDFC, Bank Of India, Aadhar Housing Finance Ltd., and Jana Small Finance Bank, it's essential to assess the interest rates. HDFC offers rates of 8.50% - 9.65%, making it attractive for lower monthly instalments. Bank Of India provides rates of 7.85% - 11%, potentially yielding better long-term benefits. Meanwhile, Aadhar Housing Finance Ltd. has rates of 9.49% - 10.5%, suitable for borrowers seeking flexibility. Jana Small Finance Bank offers rates of 9.75% - 11.00%, 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 India allows up to Max 30 Years, catering to those who prefer a balanced repayment period. Aadhar Housing Finance Ltd. offers up to Max 30 years, perfect for borrowers aiming for quicker loan settlement. Jana Small Finance Bank 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 India caps at Upto 5cr, suitable for standard investments. Aadhar Housing Finance Ltd. provides up to Upto 5cr, fitting for modest real estate ventures. Jana Small Finance Bank offers loans up to Upto 3 Cr, 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 India imposes 0.25% of the loan amount + GST upto Rs 20,000, Aadhar Housing Finance Ltd. requires Up to Rs.3500 Plus Applicable GST, and Jana Small Finance Bank sets its fee at 0.5%-2% of the loan amount + GST applicable. 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 India, Aadhar Housing Finance Ltd., and Jana Small Finance Bank.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.