Home Loan Comparison

TATA Capital Home Loan vs ICICI Bank Home Loan

TATA Capital
ICICI Bank

Introduction

Buying a home is a big step, and the right loan can make a difference. We'll compare home loan options from TATA Capital and ICICI Bank, focusing on their interest rates, repayment flexibility, and any special incentives they provide to help you decide.

Basic InfoTATA CapitalICICI Bank
Interest Rate
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8.75% - 10%
8.75% - 10.00%
Loan TenureMax 30 Years
Max 30 Years
LTV80% - 85%
80% - 85%
Max Loan AmountUpto 5cr
Upto 5cr
EligibilityTATA CapitalICICI Bank
AgeSalaried/ Self Employed : 21-65 years
Salaried : 20 - 65 years
Self Employed : 21 - 70 years
ProfessionSalaried/Self Employed
Salaried/Self Employed
Income30,000/Month & Above
25,000/Month & Above
NationalityResident Indian/ NRI
Resident Indian/ NRI
Fees & ChargesTATA CapitalICICI Bank
Processing Feesupto 2% of loan amount+ GST
0.50% of the loan amount
Other ChargesNo Foreclosure Charges
Administrative Charges - 0.25 % of Facility Amount or ₹ 5000/- whichever is lower.
Properties supportedTATA CapitalICICI Bank
Plot Purchase
Independent Building
Apartment
Resale Property
New Construction
Features & OfferingsTATA CapitalICICI Bank
Home Loan
Plot Cum Construction Loan
Balance Transfer
Overdraft Facility
Top Up Facility
Other OfferingsBusiness Loan, Loan Against Propety, Loan Against Securities
Land Loan, Step-Up Home Loan, Loan Against Property, Commercial Property Purchase Loan

Bank Highlights

TATA Capital Home Loan

  • Digital Application Process
  • Instant Provisional Sanction
  • Online Prepayments are Easy and simple
  • Minimal Documentation
  • Approval in 48 Hours

ICICI Bank Home Loan

  • Generous Loan Amount
  • Flexible Tenure
  • No Foreclosure Charges
  • Minimal Documentation
  • Instant Provisional Sanction

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.

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Home Loan Calculations

TATA Capital vs ICICI Bank Calculations

₹50,00,000
20 Years
Compare Home LoansTATA CapitalICICI Bank
Loan Amount₹ 50,00,000₹ 50,00,000
Loan Tenure20 years20 years
Rate of Interest8.75% - 10%8.75% - 10.00%
Monthly EMI₹ 44,185 -
₹ 48,251
₹ 44,185 -
₹ 48,251
Calculator

Home Loan EMI Calculator

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₹1.0 Lacs.₹10.0 Cr.
%
2 %20 %
Yr
1 Yr30 Yr
Loan AmountInterest Amount
Monthly EMI
₹69,426
Loan Amount
₹80,00,000
Interest Amount
₹86,62,206

Loan Amount

₹ 80,00,000

Interest Amount

₹ 86,62,206

Total Payable

₹ 1,66,62,206

Monthly EMI

₹ 69,426

Your Amortization details(Yearly/Monthly)

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Feature Comparison

1

Rate of Interest

When choosing between TATA Capital and ICICI Bank for a home loan, the interest rates offered are a primary factor. TATA Capital presents rates of 8.75% - 10%, which is advantageous for those aiming to reduce their monthly financial burden. Conversely, ICICI Bank offers rates of 8.75% - 10.00%, potentially leading to enhanced savings over the loan's tenure.

2

Loan Tenure

TATA Capital provides a loan tenure that extends up to Max 30 Years, making it suitable for borrowers who prefer lower monthly repayments. In comparison, ICICI Bank offers loan tenures of up to Max 30 Years, appealing to those who wish to pay off their loan more swiftly and minimize total interest costs.

3

Maximum Loan Amount

In terms of the maximum loan amount, TATA Capital permits borrowing up to Upto 5cr, ideal for purchasing premium or high-value properties. ICICI Bank restricts the maximum loan to Upto 5cr, which is better suited for buyers looking at more moderately priced homes.

4

Processing Fees

Processing fees are a critical aspect to consider. TATA Capital charges a processing fee of upto 2% of loan amount+ GST, whereas ICICI Bank sets its fee at 0.50% of the loan amount. These fees should be accounted for when determining the overall expense of your home loan.


Conclusion

Choosing a home loan that fits your financial needs involves assessing key factors like the interest rate, qualification criteria, loan tenure, maximum loan limits, and any processing charges. By thoroughly reviewing these points in the home loan options from TATA Capital and ICICI Bank, you can make a decision that's right for you.

Confused About Home Loans? We’re Here to HELP!

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How to compare housing loans?
When comparing housing loans, evaluate interest rates, repayment terms, associated fees, and eligibility criteria to find the best fit for your financial situation.