Home Loan Comparison
Shriram Housing Finance Home Loan vs Jana Small Finance Bank Home Loan vs RBL Bank Home Loan
Introduction
Choosing the right home loan can be overwhelming with so many options available. In this comparison, we'll look at home loans from Shriram Housing Finance, Jana Small Finance Bank, and RBL Bank. All three banks offer loans to both salaried and self-employed individuals and cover various property types. The best loan for you depends on your personal needs and circumstances. Let's explore what each bank has to offer to help you make an informed decision.
Bank Highlights
Shriram Housing Finance Home Loan
- Flexible Repayment
- Easy Documentation
- Life insurance cover is offered to housing loan borrowers
- Dedicated Relationship Manager
Jana Small Finance Bank Home Loan
- Lower EMI Options
- Transparent Terms and Conditions
- Dedicated Customer Support
- Fast Approval and Disbursement
- Flexible Policies
RBL Bank Home Loan
- Housing Loans of up to INR 15 Crores
- Attractive interest rates
- Tax benefits up to 3.5 lakhs*
- Flexibility Tailored for You.
- 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
Shriram Housing Finance vs Jana Small Finance Bank vs RBL Bank Calculations
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Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When evaluating home loan options from Shriram Housing Finance, Jana Small Finance Bank, and RBL Bank, consider their interest rates carefully. Shriram Housing Finance offers rates of 9.50% - 10.5%, which can lead to lower monthly payments. Jana Small Finance Bank provides rates of 9.75% - 11.00%, potentially offering better savings over the life of the loan. RBL Bank has rates of 9.00%-11.00%, suitable for borrowers needing adaptable financing terms.
Loan Tenure
Shriram Housing Finance provides loan tenures up to Max 25 years, ideal for reducing monthly financial commitments. Jana Small Finance Bank offers loan durations up to Max 30 years, balancing repayment terms with financial flexibility. RBL Bank allows loan periods up to Max 30 years, perfect for those aiming to repay their loans more swiftly.
Maximum Loan Amount
In terms of maximum loan amounts, Shriram Housing Finance offers up to Upto 10 Cr, making it ideal for purchasing luxury properties. Jana Small Finance Bank caps loans at Upto 3 Cr, suitable for standard home investments. RBL Bank provides loans up to Upto 15 Cr, catering to more modest real estate purchases.
Processing Fees
Processing fees are an important consideration. Shriram Housing Finance charges Up to 2.5% of the loan amount plus applicable taxes., Jana Small Finance Bank imposes 0.5%-2% of the loan amount + GST applicable, and RBL Bank sets its fee at Up to 1.5% of the loan amount or up to Rs 15,000. These fees should be factored into your initial loan costs to determine the most economical option.
Conclusion
Making the right choice among the home loans offered by Shriram Housing Finance, Jana Small Finance Bank, and RBL Bank involves a detailed evaluation of several critical factors. By thoroughly assessing interest rates, eligibility requirements, loan tenures, maximum loan amounts, and processing fees, you can select a loan that best aligns with your financial goals and facilitates a smooth path to homeownership.
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