Home Loan Comparison
Kotak Mahindra Home Loan vs Bank Of India Home Loan vs Sammaan Capital Home Loan vs Aadhar Housing Finance Ltd. Home Loan
Introduction
When choosing a home loan, it's essential to understand your options. Compare Kotak Mahindra, Bank Of India, Sammaan Capital, and Aadhar Housing Finance Ltd. 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 India Home Loan
- Low Interest Rates
- No Hidden Charges
- Minimal Documentation
- Apply Online
- Finish up the process in 15 minutes
Sammaan Capital Home Loan
- •Customized repayment solutions
- All round assistance
- No prepayment charges
- Door step services
- Minimal documentation
Aadhar Housing Finance Ltd. Home Loan
- •Home loans available without
- income proof
- Fast and transparent loan procedure
- Affordable EMIs
- Tax benefits under
- section 80C
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 India vs Sammaan Capital vs Aadhar Housing Finance Ltd. Calculations
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Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When comparing home loans from Kotak Mahindra, Bank Of India, Sammaan Capital, and Aadhar Housing Finance Ltd., interest rates are a key factor. Kotak Mahindra provides rates of 7.99% - 12.00%, appealing to those wanting lower monthly payments. Bank Of India offers rates of 7.35% - 11%, which may result in greater long-term savings. Sammaan Capital features rates of 8.75% - 15.00%, offering flexibility for different financial plans. Aadhar Housing Finance Ltd. presents rates of 10.50% - 16.50%, 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 India offers loan periods up to Max 30 Years, catering to borrowers seeking a balanced repayment schedule. Sammaan Capital provides loan tenures up to Max 30 years, ideal for those who wish to settle their loan faster. Aadhar Housing Finance Ltd. 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 India caps at Upto 5cr, fitting for standard housing investments. Sammaan Capital offers up to Upto 5cr, perfect for more affordable real estate endeavours. Aadhar Housing Finance Ltd. 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 India charges 0.25% of the loan amount + GST upto Rs 20,000, Sammaan Capital requires 0.50% onwards of loan amount, and Aadhar Housing Finance Ltd. sets its fee at Up to Rs.3500 Plus Applicable GST. 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 India, Sammaan Capital, and Aadhar Housing Finance Ltd..
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.