Shriram Housing Finance Home Loan vs Sammaan Capital Home Loan

Feature Comparison

When evaluating home loan options from Shriram Housing Finance and Sammaan Capital, interest rates play a pivotal role. Shriram Housing Finance offers competitive rates of 9.50% - 10.5%, which is beneficial for minimizing monthly payments. Conversely, Sammaan Capital provides rates of 8.75% - 10.5%, potentially leading to greater savings over the loan period.

Shriram Housing Finance offers loan tenures extending to Max 25 years, making it suitable for those who prefer lower monthly installments. In comparison, Sammaan Capital allows loan tenures up to Max 30 years, appealing to borrowers who aim to settle their loans faster.

Regarding the maximum loan amount, Shriram Housing Finance permits loans up to Upto 10 Cr, ideal for purchasing premium real estate. Sammaan Capital restricts the maximum loan to Upto 5cr, which is more appropriate for buyers looking at moderately priced properties.

Processing fees are an important cost factor. Shriram Housing Finance charges a fixed fee of Up to 2.5% of the loan amount plus applicable taxes., while Sammaan Capital levies a fee of 0.50% onwards of loan amount. These fees should be factored into your overall loan cost calculations.

Conclusion

Finalizing your decision on a home loan requires a detailed examination of vital factors like interest rates, borrower eligibility, loan tenures, maximum borrowing limits, and processing costs. Evaluating these elements in the home loan products from Shriram Housing Finance and Sammaan Capital will enable you to choose the most suitable loan for your financial situation.