Housing Finance Companies In Jaipur
Having your own house is everyone’s dream, right? But these days and in cities like Jaipur, it is becoming hard to make it happen. Houses are expensive and it is not possible for everyone to buy with their savings. If you are amongst them, then don’t worry we have a list of housing finance companies in Jaipur that will help you with home loans. Let’s begin, shall we
Top 5 home loan companies in jaipur
- Arena Fincorp
- SRG Housing Finance
- Vastu housing finance
- Satin Housing Finance Ltd
- Wonder home finance
Arena Fincorp
Arena Fincorp is an Indian finance company based in Jaipur, that provides housing finance or home loans, personal loans, car loans, business loans etc., at very low interest rates with an easy approval process. Arena Fincorp has tie-ups with many reputed banks like HDFC, Tata, Bajaj Finserv, Induslnd Bank, etc., which is a plus point because you will find a variety of loan options and interest rates offered by different banks. The minimum interest rate we provide for home loans is 8.25% which is comparatively lower than others. Also, we provide loans in the easiest and fastest way.
SRG Housing Finance
SRG housing finance limited is a finance company based in Udaipur that only provides housing-related loans, this company specializes in rural housing finance. Their interest rate starts from 15% and goes up to 26%. which is higher than what others are offering.
Vastu Housing Finance
Vastu Housing Finance provides many types of loans like car loans, housing loans, and small business loans. The interest rate on which they provide home loans is 12.5% to 19.5% for Salaried borrowers, and for Self – Employed the interest rates are 13% to 19.5%. The initial fee they charge for the loan is 3000+ tax, which is non-refundable.
Satin Housing Finance Ltd.
Satin Housing Finance is a finance corporation headquartered in Gurugram. They give home loans and business loans. They provide two types of home loans, urban home loans and MICRO HOME loans. The loan amount for urban home loans is 40 lac with a tenure of 20 years, whereas the loan amount in MICRO HOME LOAN is 5 lac with a tenure of 7 years (Ideal for those who are in lower income bracket).
Wonder Home Finance
Wonder Home Finance is a finance firm with multiple branches in Jaipur, They provide loans like home purchase loans, plot purchase loans, etc Their loan amount starts from 5-35 lac, with a tenure of 5 to 20 years. the ROI for the home loan is 11.50%
Which Housing Finance Companies in Jaipur are Best?
Company | Interest rate | Maximum tenure |
Arena fincorp | 8.25% | 30 years |
SRG Housing Finance | 15-26% | 10 years |
Vastu housing finance | 13%-19.5% | 20 years |
Satin housing finance | 9-25% | 20 years |
Wonder home finance | 11.50% | 20 years |
As per the comparison between the financers above, it’s quite clear that Arena Fincorp takes the lead with the lowest Rate of Interest (ROI) at 8.25% and a maximum loan tenure of 30 years. The second lowest interest is offered by satin housing finance which is 9%, but .75 % can make a huge difference in the long term. apart from the ROI Arena Fincorp has a number of banks them, So you are not bound to get a loan from a particular bank. The tenure of the loans in Arena Fincorp may depend on the finance bank.
Things to consider before choosing a house loan company.
Before choosing any housing finance company, one should always check the below points-
- ROI- The rate of interest is the amount you pay to the lender as interest on the loan amount. The ROI should be as low as possible, the lowest ROI will always save you money, even a 1% difference in interest rate can highly affect your monthly EMI.
- Tenure- Tenure is the time duration till which you have to pay your loan amount in monthly EMI. A tenure can start from months and goes to years depending upon the loan amount you have taken and your income. In home loans the tenure should be higher so that the EMI stays minimal.
Other things to consider before going to get a housing loan are, company reputation, loanable amount (whether you are getting the required loan or not), and application approval rate (which is 99% in our firm). Apply now
Conclusion-
So you know about it by now, that each housing finance company has its own unique features and strengths. But with the low-interest rate, maximum tenure to pay back the loan amount, super easy, and instant loan approval make Arena Fincorp the best house finance company available in Jaipur. With arena Fincorp, borrowers got the flexibility to choose loans from different banks.
