Home Loan Comparison
TATA Capital Home Loan vs IDBI Bank Home Loan vs Equitas Small Finance Bank Home Loan
Introduction
Finding the perfect home loan doesn't have to be complicated. We're here to compare the home loan offerings from TATA Capital, IDBI Bank, and Equitas Small Finance Bank. These banks cater to different employment types and property categories. Your ideal choice will hinge on your specific situation. Let's dive into the details of each to see which one fits you best.
Bank Highlights
TATA Capital Home Loan
- Digital Application Process
- Instant Provisional Sanction
- Online Prepayments are Easy and simple
- Minimal Documentation
- Approval in 48 Hours
IDBI Bank Home Loan
- Quick Processing
- Top up facility up to 100%
- Power-Packed customized Features to suit your Home Loan requirements.
- Flexible Loan Repayment Options
- Most experienced personnel for smooth and easy loan processing.
- Already approved projects for convenience of Home Loan buyers
Equitas Small Finance Bank Home Loan
- Enjoy affordable EMI
- Get speedy approvals
- Pay at your convenience with flexible repayments
- Get loan of up to ₹300 Lakhs
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 IDBI Bank vs Equitas Small Finance Bank 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, IDBI Bank, and Equitas Small Finance Bank, interest rates are a key consideration. TATA Capital provides rates of 8.75% - 10%, which can lead to lower monthly payments. IDBI Bank offers rates of 8.00% - 12.50%, potentially resulting in greater long-term savings. Equitas Small Finance Bank has interest rates of 11.00% - 14.00%, offering flexibility for different financial strategies.
Loan Tenure
TATA Capital offers loan tenures up to Max 30 Years, ideal for reducing monthly financial commitments. IDBI Bank provides loan periods up to Max 30 Years, catering to those who prefer a balanced repayment schedule. Equitas Small Finance Bank allows loan tenures up to Max 20 years, perfect for borrowers aiming to repay their loans more quickly.
Maximum Loan Amount
For the maximum loan amount, TATA Capital extends up to Upto 5cr, making it suitable for purchasing premium properties. IDBI Bank caps loans at 5cr - 10cr, fitting for standard home investments. Equitas Small Finance Bank offers loans up to Upto 3cr, catering to more modest real estate purchases.
Processing Fees
Processing fees differ across banks. TATA Capital charges upto 2% of loan amount+ GST, IDBI Bank imposes 0.50% of loan amount (Plus applicable taxes), and Equitas Small Finance Bank sets its fee at Up to 2% on the sanctioned home loan. 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, IDBI Bank, and Equitas Small Finance Bank, 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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