Piramal Capital & Housing Finance Home Loan vs Mahindra Housing Finance Home Loan

Feature Comparison

Choosing between Piramal Capital & Housing Finance and Mahindra Housing Finance 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, Mahindra Housing Finance provides rates of 9.30% - 11.80%, which may result in more substantial savings over the loan period.

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, Mahindra Housing Finance allows loan tenures extending to Max 25 years, appealing to those who aim to pay off their loans more swiftly and reduce the total interest burden.

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. Mahindra Housing Finance caps the loan amount at Upto 1.5 Cr, which is perfect for individuals looking to invest in more moderately priced homes.

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 Mahindra Housing Finance charges a fee of 1% + Taxes. 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 Mahindra Housing Finance, you can choose the loan that best meets your financial needs.