Home Loan Comparison
IIFL vs HDFC Home Loan
Introduction
As we compare IIFL Home Loan with HDFC Home Loan Home Loan, it’s important to note a few similarities: both serve salaried and self-employed individuals and accommodate every property type. But remember, the effectiveness of this comparison largely depends on the borrower's profile—be it you or a family member. Keep this in mind as we explore what each home loan has to offer.
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
IIFL vs HDFC Home Loan Calculations
| Compare Home Loans |  |  |
|---|---|---|
| Loan Amount | ₹ 50,00,000 | ₹ 50,00,000 |
| Loan Tenure | 20 years | 20 years |
| Rate of Interest | 8.75% - 10.5% | 8.70% - 9.70% |
| Monthly EMI | ₹ 44,185 - ₹ 49,918 | ₹ 44,026 - ₹ 47,261 |
Calculator
Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When evaluating home loan choices between IIFL Home Loan and HDFC Home Loan Home Loan, consider several crucial aspects to determine the most suitable option for your finances. IIFL Home Loan provides a competitive interest rate at 8.75% - 10.5% , appealing for those seeking lower monthly payments. Conversely, HDFC Home Loan Home Loan, with its 8.70% - 9.70%, may offer more substantial long-term savings.
Loan Tenure
IIFL Home Loan offers the longest tenure of up to Max 30 years, suitable for those who want minimal impact on their monthly budget. Conversely, HDFC Home Loan Home Loan provides a quicker route to becoming debt-free with a tenure of up to Max 30 Years.
Maximum Loan Amount
When considering the maximum loan amount, IIFL Home Loan provides up to Upto 5cr, ideal for buying premium properties. Conversely, HDFC Home Loan Home Loan allows a maximum of 6cr - 10cr, perfect for more modest investments.
Processing Fees
Furthermore, processing fees need attention as they affect your starting loan costs. IIFL Home Loan imposes a fee of Up to 1.75% of the loan amount, while HDFC Home Loan Home Loan sets its fee at Rs 3000 + GST.
Conclusion
To make an educated choice that meets your financial goals, review these critical aspects—interest rate, eligibility, loan tenure, maximum loan limit, and processing fees—of the home loan products from IIFL and HDFC Home Loan.
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