Personal Finance21mo
by SquishyBananaCivil Engineer
Home Loan advice
My brother and I are together buying a second flat of 1.2 Cr in Mumbai. We are currently looking for home loans. What should we consider while choosing a bank/loan.
WobblyRaccoon
Need help in deciding home loan
Hi all, Has anyone of you recently taken a home loan from PNB with the Max saver facility? Is it useful? Or loan from any other bank then please give your inputs. Thanks much
17mo ago
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SparklyNoodle
Freelancer17mo
Taken from HDFC but my brother works in loan agency I just noded yes to whatever he recommended
WobblyRaccoon
Stealth17mo
Okay thanks, I am more inclined towards nationalised banks PNB and SBI
PrancingBurrito
Stealth17mo
Have heard decent reviews of SBI from people who've availed it.
Also, if you're buying property in Bangalore, SBI loan approval for a property is widely considered a mark of approval, i.e., property being clean.
SparklyBurrito
Stealth17mo
What's your CIBIL score? You can try for Bank of Maharashtra, I got the lowest quote from there.
BubblyKoala
Stealth17mo
The “Max Saver” is helpful for someone who needs flexibility in managing money. I could park extra money in the account for 6 months, pay lesser amount and then take it back when needed balance of EMIs
SparklyNoodle
Freelancer17mo
Negotiate with lender for ROI, I got less ROI compared to PSB
WobblyRaccoon
Stealth17mo
How much did you get? Current minimum ROI that I am getting from 2 banks is 8.4, but for Max saver (pnb) I am getting 8.55 and Max gain (sbi) 8.8
SparklyNoodle
Freelancer17mo
8.6-8.8 I got quote, bargained with HDFC for 8.4, I have strong cibil score on basis of that I got that ROI also I have not leveraged much, I went for high down payment
BouncyMarshmallow
Stealth17mo
You should take multiple quotes from various banks for same loan amount and same tenure and look at the EMI. You will be surprised to see that there is a difference usually for the EMI even for same amount as interest rates and offers may vary
WobblyRaccoon
Stealth17mo
Interest rates will be different I understand, but what's this offers?
DerpyJellybean
ServiceNow17mo
Generally check with all the bank and decide. I currently have a SBi one. It might take longer with regards to the loan process but they are thorough so you are confident on the property perspective.
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Personal Finance18mo
by SqueakyUnicornAmerican Express
60 Lacs Home Loan
I'm planning to take a loan for 60Lacs.
which is the best bank to take from to get the lowest interest rate.
what should be the duration of loan 5 or 10 years - based on getting Tax exemptions.
Personal Finance17mo
by SwirlyKoalaProduct Owner
Home loan charges
Need to understand which home loan charges can be bargained or are hidden and not shared yet to me. Buying almost ready property in Bangalore.
Curent charges shared with me:
- SBI - interest - 8.4 % Legal and valuation ~ 5.2k Property ...
Bangalore17mo
by BubblyBurritoSales Manager
Advice on home loan
Hi
I have booked a newly launched property from a grade A builder. I am planning to take a home loan of around 1 CR for the same, the builder from whom I am buying the property is strongly advising to apply through their contact person...