Home Loan Comparison
ICICI Bank Home Loan vs Sammaan Capital Home Loan vs Federal Bank Home Loan vs Dhanlaxmi Bank Home Loan
Introduction
Finding the right home loan can make a significant difference in your home-buying experience. Let's compare the offerings from ICICI Bank, Sammaan Capital, Federal Bank, and Dhanlaxmi Bank, focusing on their interest rates, loan terms, and additional benefits. This comparison will help you choose the loan that best fits your needs.
Bank Highlights
ICICI Bank Home Loan
- Generous Loan Amount
- Flexible Tenure
- No Foreclosure Charges
- Minimal Documentation
- Instant Provisional Sanction
Sammaan Capital Home Loan
- •Customized repayment solutions
- All round assistance
- No prepayment charges
- Door step services
- Minimal documentation
Federal Bank Home Loan
- Repayment holiday up to 36 months.
- Optional funding for life insurance
- No pre closure charges
- Maximum funding for your dream house -85% of the project cost.
- Easy top up loans in future.
Dhanlaxmi 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
ICICI Bank vs Sammaan Capital vs Federal Bank vs Dhanlaxmi Bank Calculations
Calculator
Home Loan EMI Calculator
WhatsApp UsLoan Amount
₹ 0
Interest Amount
₹ 0
Total Payable
₹ 0
Monthly EMI
₹ 0
Your Amortization details(Yearly/Monthly)
Feature Comparison
Rate of Interest
When exploring home loan options among ICICI Bank, Sammaan Capital, Federal Bank, and Dhanlaxmi Bank, the interest rate is a pivotal factor. ICICI Bank offers rates of 8.75% - 10.00%, making it appealing for those who prefer lower monthly instalments. Sammaan Capital provides rates of 8.75% - 10.5%, which might lead to considerable savings over the loan's duration. Federal Bank presents rates of 8.80%-11.00%, potentially offering the most economical choice based on your financial goals. Dhanlaxmi Bank offers rates of 8.60%-11.00%, which could be the best fit for cost-conscious borrowers.
Loan Tenure
The length of the loan term can significantly affect your repayment schedule. ICICI Bank offers a maximum tenure of Max 30 Years, ideal for borrowers seeking to minimise their monthly payments. Sammaan Capital allows for a tenure of up to Max 30 years, striking a balance between the loan period and total interest paid. Federal Bank provides a tenure of Max 30 years, suitable for those who aim to repay their loan sooner. Dhanlaxmi Bank extends tenures up to Max 30 years, offering flexibility for different repayment goals.
Maximum Loan Amount
Your required loan amount is crucial in selecting the right bank. ICICI Bank extends loans up to Upto 5cr, suitable for purchasing high-end properties. Sammaan Capital offers a maximum amount of Upto 5cr, catering to mid-range investments. Federal Bank provides loans up to Upto 15cr, perfect for smaller property acquisitions. Dhanlaxmi Bank offers maximum loans of Upto 10 cr, accommodating a variety of property values.
Processing Fees
Initial costs like processing fees can impact your loan's overall affordability. ICICI Bank charges 0.50% of the loan amount, which could influence your starting expenses. Sammaan Capital imposes 0.50% onwards of loan amount, Federal Bank sets its fee at Low processing fees, and Dhanlaxmi Bank requires 1.00% of the loan amount. Comparing these fees is essential to understand the overall expenses involved.
Conclusion
Making a wise choice between the home loans from ICICI Bank, Sammaan Capital, Federal Bank, and Dhanlaxmi Bank involves a careful look at their specific terms. Focus on comparing interest rates, eligibility requirements, loan durations, the highest loan amounts available, and processing fees to select the loan that best suits your financial situation.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.