Which home loan is best? Sbi rates are higher than ICICI but people suggest the sbi, Why?

Question

When the inflation is going peek like this, i feel like to approach the right bank for my home loan, but which is the right bank?

Answer 1

Eventhough Pvt. sector banks boast of superior services (like ICICI, HDFC) tthere are lots of hidden charges, moreover customer care do not respond properly than public sector banks.From my personal opinion

Answer 2

i recently heared from a friend that he availed housing loan in ICICI. he is a retired govt servant. he paid the full loan two years back.

but till to day he has not received his original title document of the house. without original document he can not sell the property or raise any secured loan for an emergency. ICICI bank not bothered to return the document. probably mis placed or lost by them.

now the retired man filed against the ICICI bank in consumer court Chennai for recovery of document.

that is why SBI is better than ICICI bank

Answer 3

May be this site can help you

http://www.thetechnology.net

Answer 4

SBI,does not charge prepayment charges if lon is paid earlier,and the interest is charged on daily basis products of o/s balance,othe ban charge on monthly rests..

Answer 5

Any Govt governed bank will be Good, though they are not going to give you loan :) As they are instructed from their higher bosses. :)

I would suggest go for HDFC they will provide you so much help to understnd which kind of loan-plan will be good for you.

Actually in govt bank - Pre Pay panalty is negligible in comparisiion to private bank. And more over Gov bank reduces principal amount also in early payement wether private bank don;t. So if you have plan for pre payment then go for Gov bank only.

Answer 6

As far as my knowing,it is a question with various answers,it is definitely depending on the your mind ,providing a great resource here for reference though.http://home-mortgage.online-tips4u.info/...