Home Loan Comparison
HDFC Home Loan vs IDFC First Bank Home Loan vs Sammaan Capital Home Loan vs DCB Bank Home Loan
Introduction
Buying a home is a major milestone, and finding the right loan is key. Let's explore what HDFC, IDFC First Bank, Sammaan Capital, and DCB 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
IDFC First Bank Home Loan
- Minimal documentation, tailor-made loans
- Up to 100% top-up at the same rate as balance transfers
- Enhanced eligibility for salaried & self-employed customers
- Digital process for availing loans up to ₹10 crore and tenure up to 30 years
Sammaan Capital Home Loan
- •Customized repayment solutions
- All round assistance
- No prepayment charges
- Door step services
- Minimal documentation
DCB Bank Home Loan
- Fast track approval process
- Balance Transfer facility
- Flexibility Tailored for You
- Dedicated Customer Support
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 IDFC First Bank vs Sammaan Capital vs DCB Bank Calculations
Calculator
Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When selecting a home loan among HDFC, IDFC First Bank, Sammaan Capital, and DCB Bank, it's essential to assess the interest rates. HDFC offers rates of 8.75% - 9.65%, making it attractive for lower monthly instalments. IDFC First Bank provides rates of 8.85% - 14%, potentially yielding better long-term benefits. Meanwhile, Sammaan Capital has rates of 8.75% - 10.5%, suitable for borrowers seeking flexibility. DCB Bank offers rates of 9.75%-14.50%, ideal for those prioritizing competitive initial rates.
Loan Tenure
HDFC extends loan tenures up to Max 30 Years, ideal for minimising monthly financial strain. IDFC First Bank 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. DCB Bank provides loan tenures up to Max 20 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. IDFC First Bank caps at Upto 5 Cr, suitable for standard investments. Sammaan Capital provides up to Upto 5cr, fitting for modest real estate ventures. DCB Bank 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, IDFC First Bank imposes Up to 3% of loan amount, Sammaan Capital requires 0.50% onwards of loan amount, and DCB Bank sets its fee at Upto 2% or ₹ 5,000 (whichever is higher) Processing fee as applicable of sanction limit. 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, IDFC First Bank, Sammaan Capital, and DCB Bank.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.