Salary Account 85K pm for taking home loan in future

[yamihero777]

Hello ,

I don't have any Salary Account till date only SBI Savings Account. 85K per month Salary credits .

I want to take a salary account from a bank where within a year I could take home loan which should have
- faster approval
- special interest rate
- 90 to 100% loan approval
- No processing fee
- No foreclosure charges

In SBI Salary account there is overdraft facility & no processing fee on home loan. LTF free Prime card . I can convert my savings to Salary

But there could be other banks which provide much more benefits

(personal thought : leaning towards Axis , interested in Axis Atlas card but I've not seen any benefits for home loan given to their Salary holders I may wrong)

Kindly help me my fellow Finoers

 

[prankster]

For home loan, prefer SBI, there are no charges for prepayment and you can pay any amount any time. Don't need to mix salary account and loan account. You can keep switching salary accounts after reaping benefits. You still have one year so you can temporarily explore other banks and come back to SBI in 9-10 months.

 

[NikTravelEnthusiast]

Few must things to remember.

1.Check you Cibil score-If you have default payment recorded,it will reduce your sanctioned loan amount. With good score your can get lower interest rate.
2. Don't apply/ inquire multiple banks- Cibil get entry for every enquire, it reduces your score and loan eligibility.

I will update other things later...