Home Loan Comparison
ICICI Bank Home Loan vs Can Fin Home Loan
Introduction
Looking for the best home loan deal? This comparison between ICICI Bank and Can Fin will cover their interest rates, repayment options, and unique features, helping you determine which bank aligns best with your home financing needs.
Bank Highlights
ICICI Bank Home Loan
- Generous Loan Amount
- Flexible Tenure
- No Foreclosure Charges
- Minimal Documentation
- Instant Provisional Sanction
Can Fin 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
ICICI Bank vs Can Fin Calculations
Calculator
Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
Choosing between ICICI Bank and Can Fin requires careful consideration of their interest rates. ICICI Bank offers rates of 8.75% - 10.00%, making it a favorable option for those seeking lower monthly obligations. Conversely, Can Fin provides rates of 9.60% - 14.85%, which may result in more substantial savings over the loan period.
Loan Tenure
ICICI Bank offers loan tenures of up to Max 30 Years, ideal for borrowers who prefer to spread their repayments over a longer timeframe. In contrast, Can Fin allows loan tenures extending to Max 30 years, appealing to those who aim to pay off their loans more swiftly and reduce the total interest burden.
Maximum Loan Amount
When it comes to the maximum loan amount, ICICI Bank allows borrowing up to Upto 5cr, suitable for purchasing high-end or luxury properties. Can Fin caps the loan amount at Upto 10 cr, which is perfect for individuals looking to invest in more moderately priced homes.
Processing Fees
Processing fees are a crucial aspect to consider. ICICI Bank imposes a processing fee of 0.50% of the loan amount, whereas Can Fin charges a fee of 1.00% of the loan amount. It's important to include these fees in your overall loan cost assessment.
Conclusion
Making a well-informed home loan choice requires careful review of key considerations such as interest rates, eligibility conditions, loan tenures, maximum loan limits, and processing fees. By comparing these aspects in the home loan offerings from ICICI Bank and Can Fin, you can choose the loan that best meets your financial needs.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.