Home Loan Comparison
South Indian Bank Home Loan vs Ujjivan Small Finance Bank Home Loan vs Jana Small Finance Bank Home Loan
Introduction
Securing a home loan involves careful consideration of different banks' offerings. South Indian Bank, Ujjivan Small Finance Bank, and Jana Small Finance Bank are three prominent financial institutions that cater to a wide range of borrowers. This comparison focuses on their loan amounts, interest rates, and customer service to help you choose the most suitable home loan for your financial profile.
Bank Highlights
South Indian Bank Home Loan
- Affordable EMI
- Digital Documentation
- Loan Protection Scheme
- Extended Repayment Period
Ujjivan Small Finance Bank Home Loan
- Easy documentation
- Lower EMIs
- Fast approval and disbursement
- Smooth, hassle-free process
- Flexible policies
Jana Small Finance Bank Home Loan
- Lower EMI Options
- Transparent Terms and Conditions
- Dedicated Customer Support
- Fast Approval and Disbursement
- Flexible Policies
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
South Indian Bank vs Ujjivan Small Finance Bank vs Jana Small Finance Bank Calculations
Calculator
Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When comparing home loans from South Indian Bank, Ujjivan Small Finance Bank, and Jana Small Finance Bank, interest rates are a key factor. South Indian Bank provides rates of 8.70% to 11.70%, appealing to those wanting lower monthly payments. Ujjivan Small Finance Bank offers rates of 8.75% - 16.75%, which may result in greater long-term savings. Jana Small Finance Bank features rates of 9.75% - 11.00%, offering flexibility for different financial plans.
Loan Tenure
South Indian Bank allows loan tenures up to Max 30 years, helping minimise the monthly financial burden. Ujjivan Small Finance Bank offers loan periods up to Max 20 years, catering to borrowers seeking a balanced repayment schedule. Jana Small Finance Bank provides loan tenures up to Max 30 years, ideal for those who wish to settle their loan faster.
Maximum Loan Amount
For the maximum loan amount, South Indian Bank extends up to Upto 15cr, suitable for high-end property purchases. Ujjivan Small Finance Bank caps at Upto 75 Lakhs, fitting for standard housing investments. Jana Small Finance Bank offers up to Upto 3 Cr, perfect for more affordable real estate endeavours.
Processing Fees
Processing fees differ among the banks. South Indian Bank imposes 0.50% of the loan amount, with a minimum amount of Rs.10000.00, Ujjivan Small Finance Bank charges ₹ 3,350 + GST applicable (Non – refundable), and Jana Small Finance Bank requires 0.5%-2% of the loan amount + GST applicable. It's essential to account for these fees when calculating your overall loan expenses.
Conclusion
To ensure your home loan selection meets your financial needs, thoroughly review the critical elements—interest rates, eligibility conditions, loan tenures, maximum loan amounts, and processing fees—across the offerings from South Indian Bank, Ujjivan Small Finance Bank, and Jana Small Finance Bank.
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