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
Talking product sense with Ridhi
9 min AI interview5 questions
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
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.
What's your CIBIL score? You can try for Bank of Maharashtra, I got the lowest quote from there.
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
Negotiate with lender for ROI, I got less ROI compared to PSB
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
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?
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.