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

Software Developer

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.

Growth And Strategy

talk to creditdharma folks once, they also helped me choose right home loan for me, I almost saved 11 lacs 💯

Okay, You took a loan from which bank and how much ROI did you get?

Product Manager

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

8.5 initially but later they changed it to 8.85. Happens to any bank

Founder

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

I got an interest rate quote of 8.6 but the loan amount required was 1 crore. CIBIL was 780.

Chartered Accountant

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?

Why do you need to pre-pay? You could just keep full amount in the account and not pay any interest 😃

Negotiate with lender for ROI, I got less ROI compared to PSB

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

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?

Growth Manager

Have you taken home loan from them? How much ROI are they charging? And what's your CIBIL score?

Human Resources

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

Software Engineer

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.

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.

Product Designer

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 🙏

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

Welcome to Personal Finance's Private Community

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

Need help in deciding home loan

Need help in deciding home loan- Grapevine

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.

Home Loan advice

Civil Engineer

I am planning to buy a house(but in my mother's name) maybe at the end of 2024 so I wanted to have some clarity on the questions below.

House price = 100 + other charges?
Suppose somehow if I have 70 to buy the same house and I need remaining 30 + other charges.

1. How to get a loan for the remaining amount considering the house won't be in my name?
2. Will I get a house loan?
3.Do I need to apply for a personal loan?

Please share your thoughts🙏

Advice for loan

Im earning 1lakh per month in hand and I would like to buy a 3bhk flat worth 1.15cr in Hinjewadi near Pune this year.

Sharks pls guide in detail 

Also which home loans would be beneficial in long run

Feel free to DM.Ultimately your inputs as IT guys would be really beneficial.

Thanks

How much Home loan should I take?

Technical Lead

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 (who is a Direct sourcing agent) who has tie ups with multiple banks like hdfc , SBI, axis etc. The builder is saying that the person will help get the  loan amount disbursed on time and help with documentation better. That person is recommending SBI. I also connected with a hdfc home loan department person and he is suggesting I should go through him.

Can someone please suggest whom I should go ahead with? Also which bank is better and why? Also the expected interest rates and other charges?

My cibil score is around 755. I am the first time buyer and hence unknown in this area 

Any help will be much appreciated

Advice on home loan

Sales Manager

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.

60 Lacs Home Loan

Product Owner

Hi folks, Which one is better...?
Buying home at 25, by home loan and paying EMI rest of life.
Savings from FD, MF and stock market and buy home at 50

Buying home by home loan or savings from MF

Design Engineer

I have avoided SBI always in the past. Even few days back, someone here on GV bashed SBI when he had to wait 3hr for account opening. But the prospect of being defrauded and shortchanged for loans, with random charges added and preclosure being a pain, I am dreading to interact with Private banks and NBFC's.

I haven't had the experience of servicing home loans/personal loans with HDFCs or other banks yet. But I was planning on getting a personal loan this month and HDFC is offering very competitive rate of 11%.

Do you guys have any reviews on their service whenever you have needed something adhoc?

Deposits and Credit cards from HDFC, but borrow only from SBI

Investment Manager

I recently came across one of the videos on YouTube that talked about Loans against mutual funds.- https://www.youtube.com/watch?v=lK7KuMzRm8U&t=3s 

Overall this product looks very convincing & it is so true that people sell their mutual funds when they require funds to make a downpayment on a House/Car.

The ROI is so low & this is an Overdraft, so no foreclosure fees for this loan & the best part? The process is super smooth of few platforms like Volt Money.

I am convinced that it's a good product & want to avail for some personal reason.

Want to check if anyone has used this & they are also positive about loans against mutual funds?

Has anyone availed Loans against mutual funds?

Category Manager

I have saved 15L in the past 2.5 years, and i am planning to buy a home worth 50 L in tier 3 city. I want to take a Loan of the remaining amount and i am the only earner in my family. Considering the current situation of Layoffs/Downsizing etc etc in IT,is it okay to take a loan and solely depend on my income for loan repayment. Im 25 rn and we don't have our own house. So need one. What are the other ways in which i can buy a home.

Should i go for home loan

Data Analyst

Hi All,

I am interested in a property in my hometown that costs around 3.5 Cr. This property can easily be rented out for atleast 1.5 LPM. I have saving of around 1 Cr, should I take a loan of rest of the amount ? 

I make around 70 LPA, 54 is fixed and rest is ESOPs.
My wife makes around 12 LPA.

What do you think ? Should I take this loan ?

How much maximum loan should I take ? Advice needed

Hey all! Quick question – who here has a housing loan and what are your interest rates? I got mine during COVID at a decent 7.4%, but now it's up to 10.52%. 😵 That's quite a hike, especially when I look at what other banks are offering. I'm thinking about switching. Anyone else gone through this or have any advice?


PS: I did ask my bank to cut me some slack, and they dropped it from 11.10% to 10.42% once. But now, it's crept back up to 10.52%. Would love to hear your thoughts or if you've dealt with something similar!

Housing Loan Rates Got Me Thinking 🤔

Hello folks. While I'd like to remain anonymous very much, here's what I can share about myself.

1. Working in consumer finance.
2. Love personal finance and helping people out with it.
3. Have published 10,000+ pieces of financial content in the mainstream media.
4. Wrote a best-selling book on money management. It was No. 1 on Amazon once upon a time. 
5. Lately been appearing on TV regularly for personal finance discussions.
6. Saved like crazy through my 20s and 30s, brought two apartments; have an 8-figure net worth mostly thanks to my mutual fund investments. It's not much but it's hard-earned.
7. My unrealised aspiration is travel and I'm working on it now.

No, I'm not selling anything. No commissions, no referral links, no finfluencing. 

Just want to talk, exchange ideas, and learn from you all. Maybe I'll feature you in my next book. :)

Ask me anything.

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