Sammaan Capital Home Loan vs LIC HFL Home Loan

Feature Comparison

When comparing home loans from Sammaan Capital and LIC HFL, the interest rates offered are a key differentiator. Sammaan Capital provides rates of 8.75% - 10.5%, which is beneficial for minimizing monthly payments. In contrast, LIC HFL offers rates of 8.50% - 10.75%, potentially leading to greater long-term savings.

Sammaan Capital extends loan tenures up to Max 30 years, making it suitable for borrowers who prefer lower monthly commitments. On the other hand, LIC HFL offers loan tenures of up to Max 30 Years, which can help borrowers repay their loans more quickly and reduce the total interest paid.

In terms of the maximum loan amount, Sammaan Capital permits loans up to Upto 5cr, ideal for purchasing premium or high-value properties. LIC HFL restricts the loan amount to Upto 5cr, catering to those interested in more affordable housing options.

Processing fees vary between the two banks. Sammaan Capital charges a fixed fee of 0.50% onwards of loan amount, while LIC HFL levies a fee of Rs 0.25% of the loan amount + GST. These fees should be considered when evaluating the overall cost of your home loan.

Conclusion

To ensure you select a home loan that aligns with your financial objectives, consider important factors like interest rates, eligibility criteria, the length of the loan, maximum loan amounts, and processing fees. Evaluating these elements in the products from Sammaan Capital and LIC HFL will guide you toward the best decision.