When comparing home loan options from LIC Housing Finance, HDFC Limited, and Bajaj Housing Finance, it’s important to consider the interest rates and additional features provided by each institution.
LIC Housing Finance: LIC Housing Finance offers home loans starting at 8.45% with a maximum tenure of 30 years.
Borrowers also have the option to transfer their existing home loans to LIC Housing Finance at a lower interest rate.
Additionally, the company provides Home Senior Home Loans for customers up to 80 years of age.
HDFC Limited: HDFC Limited provides home loans at an interest rate of 8.5% per annum. Customers can avail loans of up to Rs. 10 crore with a maximum tenure of 30 years.
HDFC Limited also offers a home loan balance transfer facility, allowing borrowers to transfer their existing home loans.
Additionally, they have specialized loan options for small entrepreneurs and individuals with minimal documentation through Reach Loan.
Bajaj Housing Finance: Bajaj Housing Finance offers home loans starting from 8.5% per annum, with a maximum tenure of 30 years and a loan amount of up to Rs. 5 crore.
In addition to the balance transfer facility, they provide a home loan top-up option of up to Rs. 1 crore. Bajaj Housing Finance also offers an online home loan facility with instant approval within 10 minutes.
To determine the best option for the cheapest home loan, it is advisable to compare the interest rates, loan amounts, tenure options, and additional features offered by each institution.
Additionally, factors such as processing fees, prepayment charges, and customer service should also be taken into consideration before making a decision.
It is recommended to research thoroughly and consult with the respective financial institutions to understand the complete terms and conditions of the home loan offerings.
