Which bank is the most preferred one for Home Loan

[tuhin]

I know many people will select SBI as the preferred one but I have a bitter experience with them, they were offering me the highest interest rates even after having good cibil score & charging here & there which is unclear. So, I am little curious about public opinion.

 

[SSV]

I know many people will select SBI as the preferred one but I have a bitter experience with them, they were offering me the highest interest rates even after having good cibil score & charging here & there which is unclear. So, I am little curious about public opinion.

I had no experience with Home loans..
Have a look at HSBC Home loans..

Thread 'Moving Home Loan from HDFC to HSBC'

May 4, 2024

Recently I transferred my Home Loan from HDFC to HSBC. Below are some of the key points which made my decision.
One of my colleague holding HSBC home loan since last 5 years helped me lot with decision making and giving some important insights around HDFC RPLR vs HSBC RLLR

1. Overall ROI - Overall HSBC gave me better return on Home Loan.

I started my HDFC Home during JUl-2021 @ 7% Interest Rate and frequently rates were hiked till 8.55% by Feb-2023.
I have seen HDFC increasing rates even when there were no changes to RRLR by RBI.

Jul-2021 : Interest rates @ 7% -
...

• viru5678
• Replies: 43
• Forum: Loan

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[opaque]

You got lower interest rate from any other bank?

 

[FinCurious]

I have a 8 year old homeloan. At that point of time DBS bank was giving competative rates with zero processing fee so i had opt for them.
Recently i have applied for BOB home loan advantage for transferring my loan. Following are the benefits due to which i have opt for them :-

1. One of the best intrest rate of 8.4% (based on your cibil offcourse)
2. Any amount you keep in saving account than home loan intrest won't be charged on that account. This is a very beneficial product and same product SBI provide at more than 8.8% intrest.
3. If you directly apply via branch without including any agent in between than processing charge is only Rs.1500 and that too will be adjusted in your first EMI. So technically zero processing fee.
4. I also read in forum that you may get good debit and CC card if you have radiance relationship with them. I will try for it in future for that too.

So do your analysis for lowest intrest, processing and avoid any insurance cover as much as you can.

Hope this helps.

 

[Vasuki]

Any psu
Preferably sbi or one with easiest pre payment ease

 

[praveensudhakaran]

I have a 8 year old homeloan. At that point of time DBS bank was giving competative rates with zero processing fee so i had opt for them.
Recently i have applied for BOB home loan advantage for transferring my loan. Following are the benefits due to which i have opt for them :-

1. One of the best intrest rate of 8.4% (based on your cibil offcourse)
2. Any amount you keep in saving account than home loan intrest won't be charged on that account. This is a very beneficial product and same product SBI provide at more than 8.8% intrest.
3. If you directly apply via branch without including any agent in between than processing charge is only Rs.1500 and that too will be adjusted in your first EMI. So technically zero processing fee.
4. I also read in forum that you may get good debit and CC card if you have radiance relationship with them. I will try for it in future for that too.

So do your analysis for lowest intrest, processing and avoid any insurance cover as much as you can.

Hope this helps.

If you don't mind

1) What is your cibil score now?
2) Is it possible to transfer any amount towards HL principal as desired?

 

[FinCurious]

If you don't mind

1) What is your cibil score now?
2) Is it possible to transfer any amount towards HL principal as desired?

1) its 801
2) Yes again HL amount approval based upon your eligibility as per bank verification criteria.