Hi there. I saw you were asking for a comparison between Bajaj Finance vs SBI home loan and I can help. I was looking for a home loan and compared several lenders including these two. I went with Bajaj Finserv as it suited my application better. Let me give you a fair comparison below.
Which is Better Between Bajaj Home Loan vs SBI Home Loan?
Here is a table to compare the Bajaj and SBI home loans, As you can see below, Bajaj offers a greater loan tenure with quick approval and a good loan amount, so in my eyes, they are better,
Criteria |
Bajaj Finance |
SBI |
Interest Rate |
Starts at 8.50 percent for salaried, 8.60 percent for doctors, and 9.10 percent for self-employed. |
Starts at 8.50 percent per annum for a credit score of 750 and above. |
Maximum Loan Amount |
Loan up to Rs. 15 crore |
- |
Maximum Tenure |
40 years |
30 years |
Processing Fee |
Up to 4 percent of the loan amount plus GST |
0.35% of the loan amount plus GST with a range of Rs. 2000 to Rs. 10,000 plus GST. |
Eligibility Criteria |
Aged between 23 to 70 years |
Aged between 18 to 70 years |
Eligibility Criteria |
A CIBIL score of 725 or more. |
N/A |
Approval Time |
Within 48 hours |
N/A |
However, your preference should depend on your application. So, compare the offerings based on the application and then make the appropriate call.
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Authors Of The Question
Which is Better Bajaj Finance vs SBI Home Loan?
fathima
235 Views
1 Answers
6 months
2024-07-04T17:20:48+00:00 2024-08-06T15:10:29+00:00Comment
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