Home Loan Comparison
IDBI Bank Home Loan vs Piramal Capital & Housing Finance Home Loan vs Equitas Small Finance Bank Home Loan vs South Indian Bank Home Loan
Introduction
Buying a home is a major milestone, and finding the right loan is key. Let's explore what IDBI Bank, Piramal Capital & Housing Finance, Equitas Small Finance Bank, and South Indian 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
IDBI Bank Home Loan
- Quick Processing
- Top up facility up to 100%
- Power-Packed customized Features to suit your Home Loan requirements.
- Flexible Loan Repayment Options
- Most experienced personnel for smooth and easy loan processing.
- Already approved projects for convenience of Home Loan buyers
Piramal Capital & Housing Finance Home Loan
- •Easy Procedures
- Flexibility Of Repayment
- Home Loan EMI That Fits Your Pocket
- Minimal documentation
Equitas Small Finance Bank Home Loan
- Enjoy affordable EMI
- Get speedy approvals
- Pay at your convenience with flexible repayments
- Get loan of up to ₹300 Lakhs
South Indian Bank Home Loan
- Affordable EMI
- Digital Documentation
- Loan Protection Scheme
- Extended Repayment Period
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
IDBI Bank vs Piramal Capital & Housing Finance vs Equitas Small Finance Bank vs South Indian Bank Calculations
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Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When selecting a home loan among IDBI Bank, Piramal Capital & Housing Finance, Equitas Small Finance Bank, and South Indian Bank, it's essential to assess the interest rates. IDBI Bank offers rates of 8.00% - 12.50%, making it attractive for lower monthly instalments. Piramal Capital & Housing Finance provides rates of 9.49% - 10.5%, potentially yielding better long-term benefits. Meanwhile, Equitas Small Finance Bank has rates of 11.00% - 14.00%, suitable for borrowers seeking flexibility. South Indian Bank offers rates of 8.30% to 11.70%, ideal for those prioritizing competitive initial rates.
Loan Tenure
IDBI Bank extends loan tenures up to Max 30 Years, ideal for minimising monthly financial strain. Piramal Capital & Housing Finance allows up to Max 30 years, catering to those who prefer a balanced repayment period. Equitas Small Finance Bank offers up to Max 20 years, perfect for borrowers aiming for quicker loan settlement. South Indian Bank provides loan tenures up to Max 30 years, offering additional flexibility for repayment plans.
Maximum Loan Amount
For maximum loan amounts, IDBI Bank supports up to 5cr - 10cr, ideal for high-value property purchases. Piramal Capital & Housing Finance caps at Upto 5cr, suitable for standard investments. Equitas Small Finance Bank provides up to Upto 3cr, fitting for modest real estate ventures. South Indian Bank offers loans up to Upto 15cr, accommodating a wide range of property values.
Processing Fees
Processing fees vary across banks. IDBI Bank charges 0.50% of loan amount (Plus applicable taxes), Piramal Capital & Housing Finance imposes Upto 5% of loan amount + applicable taxes, Equitas Small Finance Bank requires Up to 2% on the sanctioned home loan, and South Indian Bank sets its fee at 0.50% of the loan amount, with a minimum amount of Rs.10000.00. 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 IDBI Bank, Piramal Capital & Housing Finance, Equitas Small Finance Bank, and South Indian Bank.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.