Home Loan Comparison
Kotak Mahindra Home Loan vs Piramal Capital & Housing Finance Home Loan vs L&T Housing Finance Home Loan vs DCB Bank Home Loan
Introduction
When choosing a home loan, it's essential to understand your options. Compare Kotak Mahindra, Piramal Capital & Housing Finance, L&T Housing Finance, and DCB 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
Piramal Capital & Housing Finance Home Loan
- •Easy Procedures
- Flexibility Of Repayment
- Home Loan EMI That Fits Your Pocket
- Minimal documentation
L&T Housing Finance Home Loan
- Digitized Process
- Dedicated Relationship Manager
- Lowest Down Payment
- Flexibility Tailored for You.
- Easy top up loans in future.
DCB Bank Home Loan
- Fast track approval process
- Balance Transfer facility
- Flexibility Tailored for You
- Dedicated Customer Support
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 Piramal Capital & Housing Finance vs L&T Housing Finance vs DCB Bank Calculations
Calculator
Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When comparing home loans from Kotak Mahindra, Piramal Capital & Housing Finance, L&T Housing Finance, and DCB Bank, interest rates are a key factor. Kotak Mahindra provides rates of 8.75% - 9.85%, appealing to those wanting lower monthly payments. Piramal Capital & Housing Finance offers rates of 9.50% - 10.5%, which may result in greater long-term savings. L&T Housing Finance features rates of 8.65%- 11.00%, offering flexibility for different financial plans. DCB Bank presents rates of 9.75%-14.50%, suitable for borrowers seeking competitive terms.
Loan Tenure
Kotak Mahindra allows loan tenures up to Max 30 Years, helping minimise the monthly financial burden. Piramal Capital & Housing Finance offers loan periods up to Max 30 years, catering to borrowers seeking a balanced repayment schedule. L&T Housing Finance provides loan tenures up to Max 25 years., ideal for those who wish to settle their loan faster. DCB 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. Piramal Capital & Housing Finance caps at Upto 5cr, fitting for standard housing investments. L&T Housing Finance offers up to Upto 10 Cr, perfect for more affordable real estate endeavours. DCB Bank 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, Piramal Capital & Housing Finance charges Upto 5% of loan amount + applicable taxes, L&T Housing Finance requires Up to 3% of sanctioned amount, and DCB Bank sets its fee at Upto 2% or ₹ 5,000 (whichever is higher) Processing fee as applicable of sanction limit. 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, Piramal Capital & Housing Finance, L&T Housing Finance, and DCB Bank.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.