Home Loan Comparison
TATA Capital Home Loan vs Aadhar Housing Finance Ltd. Home Loan vs Aavas Housing Finance Home Loan vs Cholamandalam Home Loan
Introduction
Choosing the right home loan is crucial for your financial future. We'll analyse the home loan options from TATA Capital, Aadhar Housing Finance Ltd., Aavas Housing Finance, and Cholamandalam, looking at their rates, terms, and customer benefits. This comparison aims to help you find the most suitable loan for your new home.
Bank Highlights
TATA Capital Home Loan
- Digital Application Process
- Instant Provisional Sanction
- Online Prepayments are Easy and simple
- Minimal Documentation
- Approval in 48 Hours
Aadhar Housing Finance Ltd. Home Loan
- •Home loans available without
- income proof
- Fast and transparent loan procedure
- Affordable EMIs
- Tax benefits under
- section 80C
Aavas Housing Finance Home Loan
- Wide Range of Eligible Properties
- Integrated Branch Network
- Loan Amount Flexibility
- Flexible Tenure Options
Cholamandalam Home Loan
- Minimum Documentation
- Personalised Doorstep Service
- Fast track approval process
- Balance Transfer with better interest rates
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
TATA Capital vs Aadhar Housing Finance Ltd. vs Aavas Housing Finance vs Cholamandalam Calculations
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Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When comparing home loan offerings from TATA Capital, Aadhar Housing Finance Ltd., Aavas Housing Finance, and Cholamandalam, interest rates are a key consideration. TATA Capital provides rates of 8.75% - 10%, which can lead to lower monthly payments. Aadhar Housing Finance Ltd. offers rates of 8.75-10.5%, potentially resulting in greater long-term savings. Aavas Housing Finance has rates of 8.50-10.5%, offering flexibility for different financial strategies. Cholamandalam offers rates of 9.00%-15.00%, which may be advantageous for those seeking competitive rates.
Loan Tenure
TATA Capital offers loan tenures up to Max 30 Years, ideal for reducing monthly financial commitments. Aadhar Housing Finance Ltd. provides loan periods up to Max 30 years, catering to those who prefer a balanced repayment schedule. Aavas Housing Finance allows loan tenures up to Max 30 years, perfect for borrowers aiming to repay their loans more quickly. Cholamandalam extends tenures up to Max 30 years, offering additional repayment options.
Maximum Loan Amount
For the maximum loan amount, TATA Capital extends up to Upto 5cr, making it suitable for purchasing premium properties. Aadhar Housing Finance Ltd. caps loans at Upto 5cr, fitting for standard home investments. Aavas Housing Finance offers loans up to Upto 3cr, catering to more modest real estate purchases. Cholamandalam provides maximum loans of Upto 5cr, supporting a diverse range of property investments.
Processing Fees
Processing fees differ across banks. TATA Capital charges upto 2% of loan amount+ GST, Aadhar Housing Finance Ltd. imposes Up to Rs.3500 Plus Applicable GST, Aavas Housing Finance sets its fee at Up to 2% + GST, and Cholamandalam requires Up to Rs 5,000 (including GST). These fees should be factored into your initial loan costs to determine the most cost-effective option.
Conclusion
To find the most suitable home loan among TATA Capital, Aadhar Housing Finance Ltd., Aavas Housing Finance, and Cholamandalam, it's crucial to examine the specific features each bank offers. By evaluating factors such as interest rates, eligibility conditions, loan durations, maximum borrowing amounts, and processing fees, you can make an informed decision that aligns with your financial plans and helps you achieve your dream of owning a home.
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