Home Loan Comparison
Kotak Mahindra Home Loan vs IDBI Bank Home Loan vs Punjab National Bank Home Loan vs Ujjivan Small Finance Bank Home Loan
Introduction
When choosing a home loan, it's essential to understand your options. Compare Kotak Mahindra, IDBI Bank, Punjab National Bank, and Ujjivan Small Finance 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
IDBI Bank Home Loan
- Quick Processing
- Top up facility up to 100%
- Power-Packed customized Features to suit your Home Loan requirements.
- Flexible Loan Repayment Options
- Most experienced personnel for smooth and easy loan processing.
- Already approved projects for convenience of Home Loan buyers
Punjab National Bank Home Loan
- Flexibility in Documentation
- High Tenure Loan
- Fund upto 90% of Property Value
- Great Offerings for Loan Against Property
- Quick Sanction and Disbursement
- Customised Eligibility as per Income
Ujjivan Small Finance Bank Home Loan
- Easy documentation
- Lower EMIs
- Fast approval and disbursement
- Smooth, hassle-free process
- Flexible policies
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 IDBI Bank vs Punjab National Bank vs Ujjivan Small Finance Bank Calculations
Calculator
Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When comparing home loans from Kotak Mahindra, IDBI Bank, Punjab National Bank, and Ujjivan Small Finance Bank, interest rates are a key factor. Kotak Mahindra provides rates of 8.65% - 9.85%, appealing to those wanting lower monthly payments. IDBI Bank offers rates of 8.00% - 12.50%, which may result in greater long-term savings. Punjab National Bank features rates of 8.50% - 11.05%, offering flexibility for different financial plans. Ujjivan Small Finance Bank presents rates of 8.75% - 16.75%, suitable for borrowers seeking competitive terms.
Loan Tenure
Kotak Mahindra allows loan tenures up to Max 30 Years, helping minimise the monthly financial burden. IDBI Bank offers loan periods up to Max 30 Years, catering to borrowers seeking a balanced repayment schedule. Punjab National Bank provides loan tenures up to Max 30 Years, ideal for those who wish to settle their loan faster. Ujjivan Small Finance Bank extends tenures up to Max 20 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. IDBI Bank caps at 5cr - 10cr, fitting for standard housing investments. Punjab National Bank offers up to Upto 5cr, perfect for more affordable real estate endeavours. Ujjivan Small Finance Bank provides loans up to Upto 75 Lakhs, 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, IDBI Bank charges 0.50% of loan amount (Plus applicable taxes), Punjab National Bank requires up to 1% for Home Loan, and Ujjivan Small Finance Bank sets its fee at ₹ 3,350 + GST applicable (Non – refundable). 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, IDBI Bank, Punjab National Bank, and Ujjivan Small Finance Bank.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.