Home Loan Comparison
IDFC First Bank Home Loan vs LIC HFL Home Loan vs Piramal Capital & Housing Finance Home Loan vs South Indian Bank Home Loan
Introduction
Securing a home loan doesn't have to be daunting. We'll break down the offerings from IDFC First Bank, LIC HFL, Piramal Capital & Housing Finance, and South Indian Bank, 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
LIC HFL Home Loan
- Online Home loan sanction facility
- Quick sanction and low EMI
- Takeover or balance transfer of existing Home Loans Possible
- No Pre-Payment Penalty
Piramal Capital & Housing Finance Home Loan
- •Easy Procedures
- Flexibility Of Repayment
- Home Loan EMI That Fits Your Pocket
- Minimal documentation
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
IDFC First Bank vs LIC HFL vs Piramal Capital & Housing Finance vs South Indian 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 from IDFC First Bank, LIC HFL, Piramal Capital & Housing Finance, and South Indian Bank, 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. LIC HFL provides rates of 8.50% - 10.75%, potentially offering better savings over the loan period. Piramal Capital & Housing Finance presents rates of 9.50% - 10.5%, ideal for borrowers looking for adaptable financing solutions. South Indian Bank offers rates of 8.70% to 11.70%, 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. LIC HFL provides loan periods up to Max 30 Years, balancing repayment duration and financial flexibility. Piramal Capital & Housing Finance allows loan tenures up to Max 30 years, suitable for borrowers aiming to repay their loan more quickly. South Indian Bank 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. LIC HFL offers a ceiling of Upto 5cr, ideal for standard home investments. Piramal Capital & Housing Finance supports loans up to Upto 5cr, catering to more modest property acquisitions. South Indian Bank provides up to Upto 15cr, accommodating diverse property values.
Processing Fees
Processing fees are an important consideration. IDFC First Bank charges Up to 3% of loan amount, LIC HFL levies Rs 0.25% of the loan amount + GST, Piramal Capital & Housing Finance imposes Upto 5% of loan amount + applicable taxes, and South Indian Bank requires 0.50% of the loan amount, with a minimum amount of Rs.10000.00. 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, LIC HFL, Piramal Capital & Housing Finance, and South Indian Bank in their home loan products.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.