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
Taken from HDFC but my brother works in loan agency I just noded yes to whatever he recommended
Okay thanks, I am more inclined towards nationalised banks PNB and SBI
Gems_Bond
Stealth
7 months ago
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.
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talk to creditdharma folks once, they also helped me choose right home loan for me, I almost saved 11 lacs 💯
Satoshi_DKBOSE
Stealth
7 months ago
Watz the ROI?
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
Satoshi_DKBOSE
Stealth
7 months ago
8.5 initially but later they changed it to 8.85. Happens to any bank
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BorrowerBadshah
Stealth
7 months ago
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
I want to know that, is prepayment hassle free if ।take max saver from PNB? Or does it eat up one's whole day?
BorrowerBadshah
Stealth
7 months ago
Why do you need to pre-pay? You could just keep full amount in the account and not pay any interest 😃
StartupBaba
Stealth
7 months ago
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
Interest rates will be different I understand, but what's this offers?
Whatsinthename
Stealth
7 months ago
What's your CIBIL score? You can try for Bank of Maharashtra, I got the lowest quote from there.
My cibil is above 800, can you please tell me what interest rate did you get? I am getting 8.4 right now
Whatsinthename
Stealth
7 months ago
I got an interest rate quote of 8.6 but the loan amount required was 1 crore. CIBIL was 780.
All I know on this topic is SBI does thorough paperwork on the home so u will be stress free. Also u do get good ROI initially depending on ur cibil score but later on it does increase
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.
Thank you so much grapevine community for your valuable inputs.. I have decided to go with SBI even though ROI in Max gain is a little more than PNB, I want to be carefree with respect to property being clean. Thank you 🙏
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
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
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Ladybug
Stealth
7 months ago
It's always the best decision to avail a home loan from SBI... they will verify the property before they give you the loan... you will be on the safer side.
Ladybug
Stealth
7 months ago
Pnbhfl have High ROI
Have you taken home loan from them? How much ROI are they charging? And what's your CIBIL score?
