Home Loan Comparison
TATA Capital Home Loan vs IIFL
Introduction
As we compare TATA Capital Home Loan Home Loan with IIFL Home Loan, it’s important to note a few similarities: both serve salaried and self-employed individuals and accommodate every property type. But remember, the effectiveness of this comparison largely depends on the borrower's profile—be it you or a family member. Keep this in mind as we explore what each home loan has to offer.
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 Home Loan vs IIFL Calculations
| Compare Home Loans |  |  |
|---|---|---|
| Loan Amount | ₹ 50,00,000 | ₹ 50,00,000 |
| Loan Tenure | 20 years | 20 years |
| Rate of Interest | 8.70% - 10% | 8.75% - 10.5% |
| Monthly EMI | ₹ 44,026 - ₹ 48,251 | ₹ 44,185 - ₹ 49,918 |
Calculator
Home Loan EMI Calculator
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Feature Comparison
Rate of Interest
When evaluating home loan choices between TATA Capital Home Loan Home Loan and IIFL Home Loan, consider several crucial aspects to determine the most suitable option for your finances. TATA Capital Home Loan Home Loan provides a competitive interest rate at 8.70% - 10% , appealing for those seeking lower monthly payments. Conversely, IIFL Home Loan, with its 8.75% - 10.5%, may offer more substantial long-term savings.
Loan Tenure
TATA Capital Home Loan Home Loan offers the longest tenure of up to Max 30 Years, suitable for those who want minimal impact on their monthly budget. Conversely, IIFL Home Loan provides a quicker route to becoming debt-free with a tenure of up to Max 30 years.
Maximum Loan Amount
When considering the maximum loan amount, TATA Capital Home Loan Home Loan provides up to Upto 5cr, ideal for buying premium properties. Conversely, IIFL Home Loan allows a maximum of Upto 5cr, perfect for more modest investments.
Processing Fees
Furthermore, processing fees need attention as they affect your starting loan costs. TATA Capital Home Loan Home Loan imposes a fee of 0.5% of the loan amount + GST, while IIFL Home Loan sets its fee at Up to 1.75% of the loan amount.
Conclusion
To make an educated choice that meets your financial goals, review these critical aspects—interest rate, eligibility, loan tenure, maximum loan limit, and processing fees—of the home loan products from TATA Capital Home Loan and IIFL.
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