Home Loan Comparison
Sammaan Capital Home Loan vs Piramal Capital & Housing Finance Home Loan vs Federal Bank Home Loan
Introduction
When planning to buy a home, choosing the right loan is essential. Sammaan Capital, Piramal Capital & Housing Finance, and Federal Bank offer robust home loan options for both salaried and self-employed customers. This comparison will focus on their interest rates, loan flexibility, and additional benefits to help you make an informed decision.
Bank Highlights
Sammaan Capital Home Loan
- •Customized repayment solutions
- All round assistance
- No prepayment charges
- Door step services
- Minimal documentation
Piramal Capital & Housing Finance Home Loan
- •Easy Procedures
- Flexibility Of Repayment
- Home Loan EMI That Fits Your Pocket
- Minimal documentation
Federal Bank Home Loan
- Repayment holiday up to 36 months.
- Optional funding for life insurance
- No pre closure charges
- Maximum funding for your dream house -85% of the project cost.
- Easy top up loans in future.
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
Sammaan Capital vs Piramal Capital & Housing Finance vs Federal Bank Calculations
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Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When selecting a home loan from Sammaan Capital, Piramal Capital & Housing Finance, or Federal Bank, the interest rate is a pivotal factor. Sammaan Capital offers rates of 8.75% - 10.5%, potentially lowering your monthly repayments. Piramal Capital & Housing Finance provides rates of 9.50% - 10.5%, which might result in significant savings over the loan's lifespan. Federal Bank presents rates of 8.80%-11.00%, possibly offering the most favourable terms based on your financial objectives.
Loan Tenure
The loan tenure influences the duration of your repayment period. Sammaan Capital allows a maximum tenure of Max 30 years, ideal for spreading out payments to reduce monthly expenses. Piramal Capital & Housing Finance offers a tenure of Max 30 years, suitable for those aiming to pay off their loan more quickly. Federal Bank provides a tenure up to Max 30 years, offering flexibility to match your repayment strategy.
Maximum Loan Amount
The maximum loan amount determines the value of the property you can purchase. Sammaan Capital finances up to Upto 5cr, catering to high-end property investments. Piramal Capital & Housing Finance offers loans up to Upto 5cr, fitting for mid-range properties. Federal Bank approves maximum loan amounts of Upto 15cr, accommodating a wide spectrum of real estate prices.
Processing Fees
Processing fees affect your initial loan costs. Sammaan Capital charges a fee of 0.50% onwards of loan amount, which should be factored into your upfront expenses. Piramal Capital & Housing Finance imposes a processing fee of Upto 5% of loan amount + applicable taxes, impacting the overall cost of obtaining the loan. Federal Bank sets its fee at Low processing fees, potentially providing a more economical option depending on the loan amount.
Conclusion
To find the home loan that aligns with your financial plans, consider the key features of the offerings from Sammaan Capital, Piramal Capital & Housing Finance, and Federal Bank. Evaluate factors like interest rates, who qualifies, repayment periods, maximum loan limits, and any processing fees to make an informed decision.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.