HDFC Home Loan vs Bank Of India Home Loan vs Sammaan Capital Home Loan vs RBL Bank Home Loan

Feature Comparison

When selecting a home loan among HDFC, Bank Of India, Sammaan Capital, and RBL 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, Sammaan Capital has rates of 8.75% - 15.00%, suitable for borrowers seeking flexibility. RBL Bank offers rates of 9.00%-11.00%, ideal for those prioritizing competitive initial rates.

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. Sammaan Capital offers up to Max 30 years, perfect for borrowers aiming for quicker loan settlement. RBL Bank provides loan tenures up to Max 30 years, offering additional flexibility for repayment plans.

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. Sammaan Capital provides up to Upto 5cr, fitting for modest real estate ventures. RBL Bank offers loans up to Upto 15 Cr, accommodating a wide range of property values.

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, Sammaan Capital requires 0.50% onwards of loan amount, and RBL Bank sets its fee at Up to 1.5% of the loan amount or up to Rs 15,000. 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, Sammaan Capital, and RBL Bank.