Home Loan Comparison
ICICI Bank Home Loan vs SBI Home Loan
Introduction
Let’s start by outlining what ICICI Bank Home Loan Home Loan and SBI Home Loan Home Loan have in common: both are open to salaried and self-employed individuals and offer flexibility across different property types. But an effective comparison requires knowing the borrower's specific circumstances. Keep this in mind as we compare these two home loans.
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 Home Loan vs SBI Home Loan Calculations
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Feature Comparison
Rate of Interest
Comparing ICICI Bank Home Loan Home Loan to SBI Home Loan Home Loan involves looking at several key factors to find the best fit for your financial needs. ICICI Bank Home Loan offers a low interest rate at 9.25% - 10.05% which is appealing for lower payments, while SBI Home Loan with its 8.50% - 9.70% might be better for those interested in long-term financial gains.
Loan Tenure
Choose ICICI Bank Home Loan Home Loan and benefit from a lengthy loan tenure of up to Max 30 Years Years, providing ample time to spread out your payments. Alternatively, SBI Home Loan Home Loan offers a tenure of up to Max 30 Years Years for faster repayment, suitable for those eager to be debt-free sooner
Maximum Loan Amount
Explore top-tier property financing with ICICI Bank Home Loan Home Loan, which provides as much as Upto 5cr. For more modest property pursuits, the SBI Home Loan Home Loan with a cap of 6cr - 10cr could be more suitable
Processing Fees
Additionally, upfront costs are influenced by processing fees. ICICI Bank Home Loan charges a processing fee of 0.5% - 2% of the loan amount + GST for their home loan, in contrast to SBI Home Loan's fee of Rs 5000 + GST.
Conclusion
Analyze the interest rate, eligibility criteria, duration of the loan, maximum loan value, and processing fees when considering the home loan options from ICICI Bank Home Loan Home Loan and SBI Home Loan Home Loan to make a choice that aligns with your financial targets
We are always here for your HELP!
Here are some of the common queries people have during their home loan journey