Best Home Saver Loan

[Finchamp!]

Hi all,

I am planning to port my regular Home Loan to some good Home Saver Loan (i.e. Loan + OD Facility), e.g. SBI Maxgain, BOB Home Advantage etc. Please guide me with what all options are available, and which one is best option (and why)?

Thnx!

 

[Finchamp!]

Please can you dm me the contacts?

@Finchamp! how-what was your experience?

@TheGuy : You mean @FinCurious 😅

 

[Finchamp!]

HSBC Smart Loan also seems to be one excellent product.

 

[FinCurious]

Please can you dm me the contacts?

@Finchamp! how-what was your experience?

My experience is good so far. Branch people were helpful and got my loan transferred without any hiccups.

I had compared the rates with SBI home advantage product and intrest rates were cheap for BOB. So went with them.

 

[youkarthik]

Does HDFC has this OD loan option? I already have home loan with HDFC can i make use of the OD feature?

 

[TheGuyTheGuy is verified member.]

I had compared the rates with SBI home advantage product and intrest rates were cheap for BOB. So went with them.

Thanks for giving more information. Unfortunately BoB seems to be working with sales (or different division) and they are either not present in branch or not knowledgeable or not interested. I went to SBI and dude there helped me even during his lunch break (colleagues were calling him on cell and left in front of me). But there processing fees is 0.50%.

Will try with Axis or ICICI later. Want to get the process done smoothly and ASAP.

Does HDFC has this OD loan option? I already have home loan with HDFC can i make use of the OD feature?

Not present in HDFC. I also wanted HDFC as I have heard they are efficient and fast in processing.

ICICI maybe there (earlier was- now can't find listing), Axis is there, Kotak IS NOT there.

 

[TheGuyTheGuy is verified member.]

@TheGuy : You mean @FinCurious 😅

You only 😛
You were interested in the product ( Post #25 and recent BoB debit card post AFAIR). What docs were needed and timeline of process, if you can.

Thanks In Advance. 🙂

What is good about HSBC Smart Loan? I know it is OD, but compared to Indian banks, is it more efficient or fast or less documentation etc...?

I want to progress with it ASAP, got great property at decent price (no profit-loss co-operative) and LTV is around 50% only but EMI/NMI would reach 60%, so that is why scouting many banks.

 

[Finchamp!]

Does HDFC has this OD loan option? I already have home loan with HDFC can i make use of the OD feature?

I think they had but not anymore.

 

[Finchamp!]

You only 😛
You were interested in the product ( Post #25 and recent BoB debit card post AFAIR). What docs were needed and timeline of process, if you can.

Thanks In Advance. 🙂

What is good about HSBC Smart Loan? I know it is OD, but compared to Indian banks, is it more efficient or fast or less documentation etc...?

I want to progress with it ASAP, got great property at decent price (no profit-loss co-operative) and LTV is around 50% only but EMI/NMI would reach 60%, so that is why scouting many banks.

From the looks of it, BOB's OD Home Loan is good. It's Savings A/C also makes you eligible to decent DCs like BOB Easemytrip, BOB Sapphire etc. (all except Rupay wellness apparently). But all this is only hearsay! My HL is construction-linked, and I am waiting for my project's OC/ registry, to be able to port.

 

[TheGuyTheGuy is verified member.]

My HL is construction-linked

Did you have to make 'Asset Liability Certificate'? Do I have to self attest or get it by CA?

 

[Finchamp!]

S

Did you have to make 'Asset Liability Certificate'? Do I have to self attest or get it by CA?

I do not remember making any such document.