Comparison

HDFC BANK LTD ICICI BANK LTD Home Loan for Women No Scheme 10.10 % Processing Fee Nil 0.5 – 1 % of Loan amount or Rs. 1500 (Rs. 2000 for Mumbai) whichever is higher + Service tax as applicable Pre-payment charges No prepayments allowed in first 6 months 6 months - 5 years - 1.5% of original loan amount 5 years -10 years - 0.75% of original loan amount > 10 years - No closure fee No charges for HIL or Home loans with fixed Interest Rate 2% + Taxes on full repayment of principle outstanding Default Payments 2% per month 2% per month Repayment Options SURF FLIP EMI Accelerated Repayment Scheme Telescopic Repayment Scheme SURF FLIP EMI Interest Rates 10.15% - 11.75 % 10.10 % - 11.25 % Flexibility of Payments More Flexible Less Flexible Documents Required Same Same Conversion Of Loan Not applicable Floating to Floating – 0.5% of outstanding Principle Amount + Taxes Floating to Dual

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comparing banks

Transcript of Comparison

HDFC BANK LTDICICI BANK LTD

Home Loan for WomenNo Scheme10.10 %

Processing FeeNil0.5 1 % of Loan amount or Rs. 1500 (Rs. 2000 for Mumbai) whichever is higher + Service tax as applicable

Pre-payment chargesNo prepayments allowed in first 6 months6 months - 5 years - 1.5% of original loan amount5 years -10 years - 0.75% of original loan amount> 10 years - No closure fee

No charges for HIL or Home loans with fixed Interest Rate2% + Taxes on full repayment of principle outstanding

Default Payments2% per month2% per month

Repayment OptionsSURFFLIPEMIAccelerated Repayment SchemeTelescopic Repayment SchemeSURFFLIP EMI

Interest Rates10.15% - 11.75 %10.10 % - 11.25 %

Flexibility of PaymentsMore FlexibleLess Flexible

Documents RequiredSameSame

Conversion Of LoanNot applicableFloating to Floating 0.5% of outstanding Principle Amount + Taxes

Floating to Dual Fixed and vice-versa - 0.5% of outstanding principle amount + Taxes

Life time fixed to floating 1.75% of outstanding principle amount + taxes

HEL & HILYesYes

Home Loan for AgriculturistYesNo Scheme