🏠 vs 💳 Home Loan or Personal Loan?
Understanding which loan type suits your needs better
Key Differences
| Aspect | Home Loan | Personal Loan |
|---|---|---|
| Interest Rates | 8-9% p.a. | 11-18% p.a. |
| Loan Amount | Up to 80% of property value | Up to 30L based on income |
| Tenure | Up to 30 years | Up to 5 years |
🏠 Choose Home Loan When
- • Buying or constructing a property
- • Looking for lower interest rates
- • Need a large loan amount
- • Want longer repayment period
💳 Choose Personal Loan When
- • Need quick funds
- • Don't have collateral
- • Short-term financial needs
- • Need minimal documentation
Compare EMIs for Both Loans
Use our calculator to see the difference in EMIs