IDFC First Bank Home Loan vs Shriram Housing Finance Home Loan vs Ujjivan Small Finance Bank Home Loan vs Union Bank Of India Home Loan

Feature Comparison

When exploring home loan options from IDFC First Bank, Shriram Housing Finance, Ujjivan Small Finance Bank, 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. Shriram Housing Finance provides rates of 9.50% - 10.5%, potentially offering better savings over the loan period. Ujjivan Small Finance Bank presents rates of 8.75% - 16.75%, ideal for borrowers looking for adaptable financing solutions. Union Bank Of India offers rates of 8.50%-10.75%, which may provide the lowest initial costs.

IDFC First Bank offers loan tenures extending up to Max 30 Years, perfect for those who prefer lower monthly obligations. Shriram Housing Finance provides loan periods up to Max 25 years, balancing repayment duration and financial flexibility. Ujjivan Small Finance Bank allows loan tenures up to Max 20 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.

Regarding the maximum loan amount, IDFC First Bank grants loans up to Upto 5 Cr, making it suitable for purchasing premium properties. Shriram Housing Finance offers a ceiling of Upto 10 Cr, ideal for standard home investments. Ujjivan Small Finance Bank supports loans up to Upto 75 Lakhs, catering to more modest property acquisitions. Union Bank Of India provides up to Upto 5cr, accommodating diverse property values.

Processing fees are an important consideration. IDFC First Bank charges Up to 3% of loan amount, Shriram Housing Finance levies Up to 2.5% of the loan amount plus applicable taxes., Ujjivan Small Finance Bank imposes ₹ 3,350 + GST applicable (Non – refundable), 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, Shriram Housing Finance, Ujjivan Small Finance Bank, and Union Bank Of India in their home loan products.