Home Loan Comparison
Kotak Mahindra Home Loan vs Karur Vyasya Bank Home Loan vs Ujjivan Small Finance Bank Home Loan vs RBL Bank Home Loan
Introduction
When choosing a home loan, it's essential to understand your options. Compare Kotak Mahindra, Karur Vyasya Bank, Ujjivan Small Finance Bank, 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
Karur Vyasya Bank Home Loan
- Easy documentation
- No prepayment charges
- Fast Approval
- Easy Takeover
Ujjivan Small Finance Bank Home Loan
- Easy documentation
- Lower EMIs
- Fast approval and disbursement
- Smooth, hassle-free process
- Flexible policies
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 Karur Vyasya Bank vs Ujjivan Small Finance Bank 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, Karur Vyasya Bank, Ujjivan Small Finance Bank, 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. Karur Vyasya Bank offers rates of 9.00% - 11.50%, which may result in greater long-term savings. Ujjivan Small Finance Bank features rates of 8.75% - 16.75%, 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. Karur Vyasya Bank offers loan periods up to Max 30 Years, catering to borrowers seeking a balanced repayment schedule. Ujjivan Small Finance Bank provides loan tenures up to Max 20 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. Karur Vyasya Bank caps at Upto 5cr, fitting for standard housing investments. Ujjivan Small Finance Bank offers up to Upto 75 Lakhs, 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, Karur Vyasya Bank charges Upto Rs. 7,500/- + GST, Ujjivan Small Finance Bank requires ₹ 3,350 + GST applicable (Non – refundable), 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, Karur Vyasya Bank, Ujjivan Small Finance Bank, and RBL Bank.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.