Home Loan Comparison
LIC HFL Home Loan vs Aditya Birla Housing Finance Ltd Home Loan vs Piramal Capital & Housing Finance Home Loan
Introduction
Choosing the right home loan can be overwhelming with so many options available. In this comparison, we'll look at home loans from LIC HFL, Aditya Birla Housing Finance Ltd, and Piramal Capital & Housing Finance. All three banks offer loans to both salaried and self-employed individuals and cover various property types. The best loan for you depends on your personal needs and circumstances. Let's explore what each bank has to offer to help you make an informed decision.
Bank Highlights
LIC HFL Home Loan
- Online Home loan sanction facility
- Quick sanction and low EMI
- Takeover or balance transfer of existing Home Loans Possible
- No Pre-Payment Penalty
Aditya Birla Housing Finance Ltd Home Loan
- •Doorstep service by dedicated Relationship Manager
- Wide Loan amount range
- Flexible repayment period
- Complimentary Home beautification services
- Wide array of eligibility methods
Piramal Capital & Housing Finance Home Loan
- •Easy Procedures
- Flexibility Of Repayment
- Home Loan EMI That Fits Your Pocket
- Minimal documentation
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
LIC HFL vs Aditya Birla Housing Finance Ltd vs Piramal Capital & Housing Finance Calculations
Calculator
Home Loan EMI Calculator
WhatsApp UsLoan Amount
₹ 0
Interest Amount
₹ 0
Total Payable
₹ 0
Monthly EMI
₹ 0
Your Amortization details(Yearly/Monthly)
Feature Comparison
Rate of Interest
When evaluating home loan options from LIC HFL, Aditya Birla Housing Finance Ltd, and Piramal Capital & Housing Finance, consider their interest rates carefully. LIC HFL offers rates of 7.50% - 10.75%, which can lead to lower monthly payments. Aditya Birla Housing Finance Ltd provides rates of 8.25% - 11.85%, potentially offering better savings over the life of the loan. Piramal Capital & Housing Finance has rates of 9.50% - 10.5%, suitable for borrowers needing adaptable financing terms.
Loan Tenure
LIC HFL provides loan tenures up to Max 30 Years, ideal for reducing monthly financial commitments. Aditya Birla Housing Finance Ltd offers loan durations up to Max 30 years, balancing repayment terms with financial flexibility. Piramal Capital & Housing Finance allows loan periods up to Max 30 years, perfect for those aiming to repay their loans more swiftly.
Maximum Loan Amount
In terms of maximum loan amounts, LIC HFL offers up to Upto 5cr, making it ideal for purchasing luxury properties. Aditya Birla Housing Finance Ltd caps loans at Upto 5cr, suitable for standard home investments. Piramal Capital & Housing Finance provides loans up to Upto 5cr, catering to more modest real estate purchases.
Processing Fees
Processing fees are an important consideration. LIC HFL charges Rs 0.25% of the loan amount + GST, Aditya Birla Housing Finance Ltd imposes Up to 1.75% of the loan amount, and Piramal Capital & Housing Finance sets its fee at Upto 5% of loan amount + applicable taxes. These fees should be factored into your initial loan costs to determine the most economical option.
Conclusion
Making the right choice among the home loans offered by LIC HFL, Aditya Birla Housing Finance Ltd, and Piramal Capital & Housing Finance involves a detailed evaluation of several critical factors. By thoroughly assessing interest rates, eligibility requirements, loan tenures, maximum loan amounts, and processing fees, you can select a loan that best aligns with your financial goals and facilitates a smooth path to homeownership.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.