Home Loan Comparison
Piramal Capital & Housing Finance Home Loan vs HDFC Home Loan
Introduction
Looking for the best home loan deal? This comparison between Piramal Capital & Housing Finance and HDFC will cover their interest rates, repayment options, and unique features, helping you determine which bank aligns best with your home financing needs.
Bank Highlights
Piramal Capital & Housing Finance Home Loan
- •Easy Procedures
- Flexibility Of Repayment
- Home Loan EMI That Fits Your Pocket
- Minimal documentation
HDFC Home Loan
- Great Customer Service
- Process is Simple and Online
- Certain Restrictions on Online Prepayments
- Competitive Interest Rates
- Multi Branch Banking
- Non Salaried Cases Take Time
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
Piramal Capital & Housing Finance vs HDFC Calculations
Calculator
Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
Choosing between Piramal Capital & Housing Finance and HDFC requires careful consideration of their interest rates. Piramal Capital & Housing Finance offers rates of 9.50% - 10.5%, making it a favorable option for those seeking lower monthly obligations. Conversely, HDFC provides rates of 8.75% - 9.65%, which may result in more substantial savings over the loan period.
Loan Tenure
Piramal Capital & Housing Finance offers loan tenures of up to Max 30 years, ideal for borrowers who prefer to spread their repayments over a longer timeframe. In contrast, HDFC allows loan tenures extending to Max 30 Years, appealing to those who aim to pay off their loans more swiftly and reduce the total interest burden.
Maximum Loan Amount
When it comes to the maximum loan amount, Piramal Capital & Housing Finance allows borrowing up to Upto 5cr, suitable for purchasing high-end or luxury properties. HDFC caps the loan amount at 6cr - 10cr, which is perfect for individuals looking to invest in more moderately priced homes.
Processing Fees
Processing fees are a crucial aspect to consider. Piramal Capital & Housing Finance imposes a processing fee of Upto 5% of loan amount + applicable taxes, whereas HDFC charges a fee of Upto 0.50% of the loan amount or Rs. 3300/- whichever is higher. It's important to include these fees in your overall loan cost assessment.
Conclusion
Making a well-informed home loan choice requires careful review of key considerations such as interest rates, eligibility conditions, loan tenures, maximum loan limits, and processing fees. By comparing these aspects in the home loan offerings from Piramal Capital & Housing Finance and HDFC, you can choose the loan that best meets your financial needs.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.