Home Loan Comparison
SBI Home Loan vs Aadhar Housing Finance Ltd. Home Loan vs Jana Small Finance Bank Home Loan vs Federal Bank Home Loan
Introduction
Securing a home loan doesn't have to be daunting. We'll break down the offerings from SBI, Aadhar Housing Finance Ltd., Jana Small Finance Bank, and Federal Bank, highlighting their rates, repayment options, and unique perks. This comparison will help you identify which bank aligns best with your home-buying goals.
Bank Highlights
SBI Home Loan
- Low Processing charges. No hidden costs.
- No Prepayment penalties
- Home loan also available as an overdraft.
- Interest Calculation on Daily Reducing Balance
- Wide Product Range
Aadhar Housing Finance Ltd. Home Loan
- •Home loans available without
- income proof
- Fast and transparent loan procedure
- Affordable EMIs
- Tax benefits under
- section 80C
Jana Small Finance Bank Home Loan
- Lower EMI Options
- Transparent Terms and Conditions
- Dedicated Customer Support
- Fast Approval and Disbursement
- Flexible Policies
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
SBI vs Aadhar Housing Finance Ltd. vs Jana Small Finance Bank vs Federal Bank Calculations
Calculator
Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When exploring home loan options from SBI, Aadhar Housing Finance Ltd., Jana Small Finance Bank, and Federal Bank, it's important to compare their interest rates. SBI offers competitive rates of 8.00% - 9.70%, which can help reduce your monthly payments. Aadhar Housing Finance Ltd. provides rates of 8.75-10.5%, potentially offering better savings over the loan period. Jana Small Finance Bank presents rates of 9.75% - 11.00%, ideal for borrowers looking for adaptable financing solutions. Federal Bank offers rates of 8.80%-11.00%, which may provide the lowest initial costs.
Loan Tenure
SBI offers loan tenures extending up to Max 30 Years, perfect for those who prefer lower monthly obligations. Aadhar Housing Finance Ltd. provides loan periods up to Max 30 years, balancing repayment duration and financial flexibility. Jana Small Finance Bank allows loan tenures up to Max 30 years, suitable for borrowers aiming to repay their loan more quickly. Federal Bank extends tenures up to Max 30 years, catering to various repayment preferences.
Maximum Loan Amount
Regarding the maximum loan amount, SBI grants loans up to Upto 5cr, making it suitable for purchasing premium properties. Aadhar Housing Finance Ltd. offers a ceiling of Upto 5cr, ideal for standard home investments. Jana Small Finance Bank supports loans up to Upto 3 Cr, catering to more modest property acquisitions. Federal Bank provides up to Upto 15cr, accommodating diverse property values.
Processing Fees
Processing fees are an important consideration. SBI charges 0.35% of the loan amount, Aadhar Housing Finance Ltd. levies Up to Rs.3500 Plus Applicable GST, Jana Small Finance Bank imposes 0.5%-2% of the loan amount + GST applicable, and Federal Bank requires Low processing fees. These fees should be included in your initial cost calculations when selecting the most cost-effective loan option.
Conclusion
For a choice that best suits your financial objectives, evaluate key aspects such as interest rates, eligibility requirements, loan terms, maximum loan limits, and processing fees offered by SBI, Aadhar Housing Finance Ltd., Jana Small Finance Bank, and Federal Bank in their home loan products.
Get detailed answers to the most frequently asked questions, tailored for your peace of mind.