Home Loan Comparison of NBFCs

NBFCs or Non-Banking Financial Companies are not considered as trustworthy as Banks when it comes to home loans. However with easier eligibility criteria, they are fast becoming a popular choice for housing loans.Consumer VOICE did home loan comparison of 7 NBFCs. Read on to find recommendations from our Banking and Finance experts and know the best home loan option.

NBFC’s Compared : Aspire Home Loan, Aditya Birla HF, PNB Housing, Religare Home Loan, India Bulls, IIFL, Muthoot Home Finance

 

Overview

A non-banking financial company (NBFC) provides you loan when you have a low credit score. They have relatively relaxed rules and easier home loan eligibility criteria particularly when you look at the that of a bank will require you to fulfill before sanctioning the coveted loan.

Convenience and less hassles and quicker sanctioning of loan are some compelling reasons to opt for NBFC. But it is important to understand the related charges and home loan interest rates and terms of service. Our report will shed  light on everything that needs to be known about this important home loan alternative.

NBFCs Compared

  • Aspire Home Loan
  • Aditya Birla HF
  • PNB Housing
  • Religare Home Loan
  • India Bulls
  • IIFL
  • Muthoot Home Finance

PARAMETERS COMPARED

  • Maximum and minimum loan amounts
  • Maximum and minimum processing charges
  • Maximum and minimum rates of interest
  • Maximum and minimum eligibility age
  • Maximum and minimum repayment periods,
  • Late payment charges
  • Cheque dishonour charges
  • Facility for interest rate review
  • Consumer feedback

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