Sammaan Capital Home Loan vs Ujjivan Small Finance Bank Home Loan vs HSBC Home Loan vs Federal Bank Home Loan

Feature Comparison

When selecting a home loan from Sammaan Capital, Ujjivan Small Finance Bank, HSBC, or Federal Bank, the interest rate is a pivotal factor. Sammaan Capital offers rates of 8.75% - 15.00%, potentially lowering your monthly repayments. Ujjivan Small Finance Bank provides rates of 8.75% - 16.75%, which might result in significant savings over the loan's lifespan. HSBC presents rates of 8.25%-11.00%, possibly offering the most favourable terms based on your financial objectives. Federal Bank offers rates of 9.15%-11.00%, which could be the most competitive for your needs.

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. Ujjivan Small Finance Bank offers a tenure of Max 20 years, suitable for those aiming to pay off their loan more quickly. HSBC provides a tenure up to Max 25 years, offering flexibility to match your repayment strategy. Federal Bank extends tenures up to Max 30 years, accommodating various financial plans.

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. Ujjivan Small Finance Bank offers loans up to Upto 75 Lakhs, fitting for mid-range properties. HSBC approves maximum loan amounts of Upto 60 crore, accommodating a wide spectrum of real estate prices. Federal Bank provides loans up to Upto 15cr, supporting diverse property values.

Processing fees affect your initial loan costs. Sammaan Capital charges 0.50% onwards of loan amount, which should be factored into your upfront expenses. Ujjivan Small Finance Bank imposes ₹ 3,350 + GST applicable (Non – refundable), impacting the overall cost of obtaining the loan. HSBC sets its fee at 1% of the loan amount sanctioned or INR10,000, whichever is higher, while Federal Bank requires Low processing fees. These fees should be included in your budget considerations.

Conclusion

To find the home loan that aligns with your financial plans, consider the key features of the offerings from Sammaan Capital, Ujjivan Small Finance Bank, HSBC, and Federal Bank. Evaluate factors like interest rates, who qualifies, repayment periods, maximum loan limits, and any processing fees to make an informed decision.