Home Loan Comparison
Kotak Mahindra Home Loan vs Aadhar Housing Finance Ltd. Home Loan vs Grihum Housing Finance Home Loan vs RBL Bank Home Loan
Introduction
When choosing a home loan, it's essential to understand your options. Compare Kotak Mahindra, Aadhar Housing Finance Ltd., Grihum Housing Finance, and RBL Bank to see how they differ in terms of interest rates, loan flexibility, and customer service. This guide will assist you in selecting the loan that best meets your needs.
Bank Highlights
Kotak Mahindra Home Loan
- Attractive Interest Rates
- Minimal Documentation
- 50% off on processing fees for all digital applications
- Customizable Tenure
Aadhar Housing Finance Ltd. Home Loan
- •Home loans available without
- income proof
- Fast and transparent loan procedure
- Affordable EMIs
- Tax benefits under
- section 80C
Grihum Housing Finance Home Loan
- Comprehensive Solutions for Every Dream House
- Affordability at its Core
- Financial Freedom, Simplified
- Flexibility Tailored for You.
- Easy top up loans in future.
RBL Bank Home Loan
- Housing Loans of up to INR 15 Crores
- Attractive interest rates
- Tax benefits up to 3.5 lakhs*
- Flexibility Tailored for You.
- Easy top up loans in future.
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
Kotak Mahindra vs Aadhar Housing Finance Ltd. vs Grihum Housing Finance vs RBL Bank Calculations
Calculator
Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When comparing home loans from Kotak Mahindra, Aadhar Housing Finance Ltd., Grihum Housing Finance, and RBL Bank, interest rates are a key factor. Kotak Mahindra provides rates of 8.75% - 9.85%, appealing to those wanting lower monthly payments. Aadhar Housing Finance Ltd. offers rates of 8.75-10.5%, which may result in greater long-term savings. Grihum Housing Finance features rates of 9.90% - 17.25%., offering flexibility for different financial plans. RBL Bank presents rates of 9.00%-11.00%, suitable for borrowers seeking competitive terms.
Loan Tenure
Kotak Mahindra allows loan tenures up to Max 30 Years, helping minimise the monthly financial burden. Aadhar Housing Finance Ltd. offers loan periods up to Max 30 years, catering to borrowers seeking a balanced repayment schedule. Grihum Housing Finance provides loan tenures up to Max 30 years, ideal for those who wish to settle their loan faster. RBL Bank extends tenures up to Max 30 years, providing additional options for repayment.
Maximum Loan Amount
For the maximum loan amount, Kotak Mahindra extends up to Upto 5cr, suitable for high-end property purchases. Aadhar Housing Finance Ltd. caps at Upto 5cr, fitting for standard housing investments. Grihum Housing Finance offers up to Upto 5cr, perfect for more affordable real estate endeavours. RBL Bank provides loans up to Upto 15 Cr, accommodating a broad range of property prices.
Processing Fees
Processing fees differ among the banks. Kotak Mahindra imposes 0.5% - 1.00% of the loan amount, Aadhar Housing Finance Ltd. charges Up to Rs.3500 Plus Applicable GST, Grihum Housing Finance requires 0.50% of your sanctioned loan amount, and RBL Bank sets its fee at Up to 1.5% of the loan amount or up to Rs 15,000. It's essential to account for these fees when calculating your overall loan expenses.
Conclusion
To ensure your home loan selection meets your financial needs, thoroughly review the critical elements—interest rates, eligibility conditions, loan tenures, maximum loan amounts, and processing fees—across the offerings from Kotak Mahindra, Aadhar Housing Finance Ltd., Grihum Housing Finance, and RBL Bank.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.