Punjab National Bank Home Loan vs Sammaan Capital Home Loan

Feature Comparison

When comparing home loans from Punjab National Bank and Sammaan Capital, the interest rates are a key consideration. Punjab National Bank provides rates of 8.50% - 11.05%, appealing to those who want to keep their monthly payments low. In contrast, Sammaan Capital offers rates of 8.75% - 10.5%, which might result in more significant savings over the life of the loan.

Punjab National Bank extends loan tenures up to Max 30 Years, ideal for borrowers seeking lower monthly commitments. On the other hand, Sammaan Capital offers tenures up to Max 30 years, which can help reduce the total interest paid by shortening the repayment period.

Punjab National Bank allows a maximum loan amount of Upto 5cr, making it suitable for purchasing high-value or luxury properties. Sammaan Capital limits the loan amount to Upto 5cr, catering to those interested in more affordable housing options.

Processing fees differ between the two banks. Punjab National Bank charges a fee of up to 1% for Home Loan, whereas Sammaan Capital imposes a fee of 0.50% onwards of loan amount. It's important to include these fees when assessing the overall cost of your home loan.

Conclusion

To make an educated choice that supports your financial aspirations, it's important to consider essential components such as interest rates, eligibility guidelines, loan durations, maximum loan amounts, and processing fees. By analyzing these aspects of the home loans offered by Punjab National Bank and Sammaan Capital, you can select the option that aligns best with your objectives.