Home Loan Comparison
IDFC First Bank Home Loan vs Aditya Birla Housing Finance Ltd Home Loan vs Sammaan Capital Home Loan vs Union Bank Of India Home Loan
Introduction
Securing a home loan doesn't have to be daunting. We'll break down the offerings from IDFC First Bank, Aditya Birla Housing Finance Ltd, Sammaan Capital, and Union Bank Of India, highlighting their rates, repayment options, and unique perks. This comparison will help you identify which bank aligns best with your home-buying goals.
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
Union Bank Of India Home Loan
- Zero processing charges
- Attractive interest rates
- Dedicated Customer Support
- Fast Approval and Disbursement
- Flexible Policies
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 vs Union Bank Of India Calculations
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Feature Comparison
Rate of Interest
When exploring home loan options from IDFC First Bank, Aditya Birla Housing Finance Ltd, Sammaan Capital, and Union Bank Of India, it's important to compare their interest rates. IDFC First Bank offers competitive rates of 8.85% - 14%, which can help reduce your monthly payments. Aditya Birla Housing Finance Ltd provides rates of 8.50% - 10.5%, 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. Union Bank Of India offers rates of 7.35%-10.75%, which may provide the lowest initial costs.
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. Union Bank Of India extends tenures up to Max 30 years, catering to various repayment preferences.
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. Union Bank Of India provides up to Upto 5cr, accommodating diverse property values.
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, Sammaan Capital imposes 0.50% onwards of loan amount, and Union Bank Of India requires 0.50% of the loan amount subject to a maximum of Rs. 15000 plus GST. 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, Sammaan Capital, and Union Bank Of India in their home loan products.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.