Home Loan Comparison
TATA Capital Home Loan vs LIC HFL Home Loan vs Aadhar Housing Finance Ltd. Home Loan vs DCB Bank Home Loan
Introduction
Choosing the right home loan is crucial for your financial future. We'll analyse the home loan options from TATA Capital, LIC HFL, Aadhar Housing Finance Ltd., and DCB Bank, 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
LIC HFL Home Loan
- Online Home loan sanction facility
- Quick sanction and low EMI
- Takeover or balance transfer of existing Home Loans Possible
- No Pre-Payment Penalty
Aadhar Housing Finance Ltd. Home Loan
- •Home loans available without
- income proof
- Fast and transparent loan procedure
- Affordable EMIs
- Tax benefits under
- section 80C
DCB Bank Home Loan
- Fast track approval process
- Balance Transfer facility
- Flexibility Tailored for You
- Dedicated Customer Support
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 LIC HFL vs Aadhar Housing Finance Ltd. vs DCB 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, LIC HFL, Aadhar Housing Finance Ltd., and DCB Bank, interest rates are a key consideration. TATA Capital provides rates of 7.70% - 10%, which can lead to lower monthly payments. LIC HFL offers rates of 7.50% - 10.75%, potentially resulting in greater long-term savings. Aadhar Housing Finance Ltd. has rates of 10.50% - 16.50%, offering flexibility for different financial strategies. DCB Bank offers rates of 9.75%-14.50%, 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. LIC HFL provides loan periods up to Max 30 Years, catering to those who prefer a balanced repayment schedule. Aadhar Housing Finance Ltd. allows loan tenures up to Max 30 years, perfect for borrowers aiming to repay their loans more quickly. DCB Bank extends tenures up to Max 20 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. LIC HFL caps loans at Upto 5cr, fitting for standard home investments. Aadhar Housing Finance Ltd. offers loans up to Upto 5cr, catering to more modest real estate purchases. DCB Bank 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, LIC HFL imposes Rs 0.25% of the loan amount + GST, Aadhar Housing Finance Ltd. sets its fee at Up to Rs.3500 Plus Applicable GST, and DCB Bank requires Upto 2% or ₹ 5,000 (whichever is higher) Processing fee as applicable of sanction limit. 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, LIC HFL, Aadhar Housing Finance Ltd., and DCB 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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