TATA Capital Home Loan vs Shriram Housing Finance Home Loan vs Jana Small Finance Bank Home Loan vs DCB Bank Home Loan

Feature Comparison

When comparing home loan offerings from TATA Capital, Shriram Housing Finance, Jana Small Finance Bank, and DCB Bank, interest rates are a key consideration. TATA Capital provides rates of 8.75% - 10%, which can lead to lower monthly payments. Shriram Housing Finance offers rates of 9.50% - 10.5%, potentially resulting in greater long-term savings. Jana Small Finance Bank has rates of 9.75% - 11.00%, offering flexibility for different financial strategies. DCB Bank offers rates of 9.75%-14.50%, which may be advantageous for those seeking competitive rates.

TATA Capital offers loan tenures up to Max 30 Years, ideal for reducing monthly financial commitments. Shriram Housing Finance provides loan periods up to Max 25 years, catering to those who prefer a balanced repayment schedule. Jana Small Finance Bank 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.

For the maximum loan amount, TATA Capital extends up to Upto 5cr, making it suitable for purchasing premium properties. Shriram Housing Finance caps loans at Upto 10 Cr, fitting for standard home investments. Jana Small Finance Bank offers loans up to Upto 3 Cr, catering to more modest real estate purchases. DCB Bank provides maximum loans of Upto 5cr, supporting a diverse range of property investments.

Processing fees differ across banks. TATA Capital charges upto 2% of loan amount+ GST, Shriram Housing Finance imposes Up to 2.5% of the loan amount plus applicable taxes., Jana Small Finance Bank sets its fee at 0.5%-2% of the loan amount + GST applicable, 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, Shriram Housing Finance, Jana Small Finance Bank, 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.