Home Loan Comparison
IDFC First Bank Home Loan vs Aditya Birla Housing Finance Ltd Home Loan vs Sammaan Capital Home Loan
Introduction
When it comes to financing your home, IDFC First Bank, Aditya Birla Housing Finance Ltd, and Sammaan Capital are top contenders. These banks provide home loans to both salaried and self-employed borrowers, accommodating various property types from apartments to villas. Let's compare their interest rates, processing fees, and loan terms to determine which option offers the best value for your situation.
Bank Highlights
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
Aditya Birla Housing Finance Ltd Home Loan
- •Doorstep service by dedicated Relationship Manager
- Wide Loan amount range
- Flexible repayment period
- Complimentary Home beautification services
- Wide array of eligibility methods
Sammaan Capital Home Loan
- •Customized repayment solutions
- All round assistance
- No prepayment charges
- Door step services
- Minimal documentation
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
IDFC First Bank vs Aditya Birla Housing Finance Ltd vs Sammaan Capital Calculations
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Feature Comparison
Rate of Interest
When exploring home loan options from IDFC First Bank, Aditya Birla Housing Finance Ltd, and Sammaan Capital, it's important to compare their interest rates. IDFC First Bank offers competitive rates of 9.40% - 14%, which can help reduce your monthly payments. Aditya Birla Housing Finance Ltd provides rates of 8.25% - 11.85%, potentially offering better savings over the loan period. Sammaan Capital presents rates of 8.75% - 15.00%, ideal for borrowers looking for adaptable financing solutions.
Loan Tenure
IDFC First Bank offers loan tenures extending up to Max 30 Years, perfect for those who prefer lower monthly obligations. Aditya Birla Housing Finance Ltd provides loan periods up to Max 30 years, balancing repayment duration and financial flexibility. Sammaan Capital allows loan tenures up to Max 30 years, suitable for borrowers aiming to repay their loan more quickly.
Maximum Loan Amount
Regarding the maximum loan amount, IDFC First Bank grants loans up to Upto 5 Cr, making it suitable for purchasing premium properties. Aditya Birla Housing Finance Ltd offers a ceiling of Upto 5cr, ideal for standard home investments. Sammaan Capital supports loans up to Upto 5cr, catering to more modest property acquisitions.
Processing Fees
Processing fees are an important consideration. IDFC First Bank charges Up to 3% of loan amount, Aditya Birla Housing Finance Ltd levies Up to 1.75% of the loan amount, and Sammaan Capital imposes 0.50% onwards of loan amount. These fees should be included in your initial cost calculations when selecting the most cost-effective loan option.
Conclusion
For a choice that best suits your financial objectives, evaluate key aspects such as interest rates, eligibility requirements, loan terms, maximum loan limits, and processing fees offered by IDFC First Bank, Aditya Birla Housing Finance Ltd, and Sammaan Capital in their home loan products.
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