home loan

#1
hello all,

can someone suggest....which bank is best for taking home loans.

id the rate of interest same for all the banks.

i want to take a loan of 40 lakhs for buying a home

thanks in advance
 
#2
Something like a nationalised bank will help your cause since their lending rates are way below what private banks have on offer.

To quote an example, for a loan under 20 lakhs, someone like HDFC will quote about 11.75% currently, whilst Bank of Baroda will quote a max of about 10.50%. Processing charges are lesser for the latter too.

The trade off would be that for a nationalised bank, the santion time will be more, typically under a month or something.

Do PM me for more info if you have any doubts. I have tried doing a fair bit of research on this of late.

All the best :)
 
#3
Something like a nationalised bank will help your cause since their lending rates are way below what private banks have on offer.

To quote an example, for a loan under 20 lakhs, someone like HDFC will quote about 11.75% currently, whilst Bank of Baroda will quote a max of about 10.50%. Processing charges are lesser for the latter too.

The trade off would be that for a nationalised bank, the santion time will be more, typically under a month or something.

Do PM me for more info if you have any doubts. I have tried doing a fair bit of research on this of late.

All the best :)

me have a doubts ,,
its too..
short:confused:
 
#4
Hi, buddy.. Taking a loan now a days has become very much easy, all most all financial institutions are at par +- 0.5%, process and procedure in private banks are comparetively easy but i would be more better if you choose nationalise bankers may be process is tough now but will have better experiance in future...
 
#5
hello friend
Now days there is very easy to take a loan, all most all financial institutions are at par 0.5%, process and procedure in private banks are comparetively easy but i would be more better if you choose nationalise bankers may be process is tough now but will have better experiance in future.
 
#7
Its surprising to see that you feel its easy to get a home loan. I have been struggling with ICICI for over 6 months. dont wanna go for a nationalised bank cause they require a lot of paper work and their procedure is too long. Can you suggest a bank which can get my home loan done urgently.
 

lokz

New Member
#8
Hi,
Am joining the discussion late, but as per my personal experience nationalised banks take hell lot of time and many a times the concerned persons are not aware of the requirements. My friend had a tough time with one of the nationalised bank. ICICI Bank charges are high and also there are some hidden charges.
The best bet is HDFC not the bank. Very professional, systematic and informed staff. There person will come and fill the forms and if all the documents are in order within 15 days the loan gets approved. I have done that and am a satisfied customer of HDFC. There interest rate is a bit high compared to nationalised banks but looking at the convenience its worth.
Regards,
Lokz.
 
#9
I think The Interest rates charges by bank on Home Loan is enough. And ICICI housing finance both have different features and schemes. so I think All the Banks Have own features and benefits I prefer LIC Housing Finance.
 

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