Home Loan Comparison
Kotak Mahindra Home Loan vs Bank Of Baroda Home Loan vs Shriram Housing Finance Home Loan vs Grihum Housing Finance Home Loan
Introduction
When choosing a home loan, it's essential to understand your options. Compare Kotak Mahindra, Bank Of Baroda, Shriram Housing Finance, and Grihum Housing Finance 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
Bank Of Baroda Home Loan
- Max savings under Baroda Max Savings Home loan.
- Concession for Women Borrowers- 0.05%
- Nil Processing fee
- Easy Takeover without income documents.
Shriram Housing Finance Home Loan
- Flexible Repayment
- Easy Documentation
- Life insurance cover is offered to housing loan borrowers
- Dedicated Relationship Manager
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.
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 Bank Of Baroda vs Shriram Housing Finance vs Grihum Housing Finance Calculations
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Feature Comparison
Rate of Interest
When comparing home loans from Kotak Mahindra, Bank Of Baroda, Shriram Housing Finance, and Grihum Housing Finance, interest rates are a key factor. Kotak Mahindra provides rates of 8.65% - 9.85%, appealing to those wanting lower monthly payments. Bank Of Baroda offers rates of 8.40% - 10.90%, which may result in greater long-term savings. Shriram Housing Finance features rates of 9.50% - 10.5%, offering flexibility for different financial plans. Grihum Housing Finance presents rates of 9.90% - 17.25%., suitable for borrowers seeking competitive terms.
Loan Tenure
Kotak Mahindra allows loan tenures up to Max 30 Years, helping minimise the monthly financial burden. Bank Of Baroda offers loan periods up to Max 30 Years, catering to borrowers seeking a balanced repayment schedule. Shriram Housing Finance provides loan tenures up to Max 25 years, ideal for those who wish to settle their loan faster. Grihum Housing Finance 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. Bank Of Baroda caps at Upto 20cr, fitting for standard housing investments. Shriram Housing Finance offers up to Upto 10 Cr, perfect for more affordable real estate endeavours. Grihum Housing Finance provides loans up to Upto 5cr, 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, Bank Of Baroda charges NIL, Shriram Housing Finance requires Up to 2.5% of the loan amount plus applicable taxes., and Grihum Housing Finance sets its fee at 0.50% of your sanctioned loan amount. 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, Bank Of Baroda, Shriram Housing Finance, and Grihum Housing Finance.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.