Which is the best bank for a home loan in India?

why you dont use 8 lakh per month income instead

With income of 8LPM why u want home loan of just 30L . if u save for 4months u can buy with upfront payment. 

botlike wrote:

With income of 8LPM why u want home loan of just 30L . if u save for 4months u can buy with upfront payment. 

It's 8 lakh per year sorry 🤣

ansh7 wrote:

why you dont use 8 lakh per month income instead

Sorry it's a writing mistake, yearly 8 lakh earning around

Have not taken loan

While researching previously

Somewhat BOB was having good features

Now RBI has given some circular preclosure no charges please check

Even if documentation or process prefer good bank with low interest rate and check before you proceed

Go for BoB

SBI is mess

don't share your obile/PAN else they will make enquiry immediately without informing or taking consent, all banks cheat u by doing inquiry b'cos you are now discouraged from approaching another bank as that will cost another CIBIL hit and CIBIL is already down.

Dont go for sbi unless you want max gain with overdraft.

Check PVT banks like hdfc and others, specially the ones providing pre approved offers for your builder. Pay attention to processing and other charges along with interest rates. Take a quote from 2 or banks banks and see what a they charge. Do note taking an insurance for you loan is not mandatory. If a bank forces you to do so, tell them that you will go with the other one. 

You can bargain for the interest rate quoting what the other is offering. Drive a hard bargain. 

DEALSTER wrote:

Dont go for sbi unless you want max gain with overdraft.

Check PVT banks like hdfc and others, specially the ones providing pre approved offers for your builder. Pay attention to processing and other charges along with interest rates. Take a quote from 2 or banks banks and see what a they charge. Do note taking an insurance for you loan is not mandatory. If a bank forces you to do so, tell them that you will go with the other one. 

You can bargain for the interest rate quoting what the other is offering. Drive a hard bargain. 

caks2006407 wrote:
BoB has better Max Gain like feature; just keep in SB that much amount is not charged for homeloan; I even enquired if they credit interest and debit the same for homeloan interest in which case we will have to pay income tax, 4-5 people could not understand my question, finally one manager answered

DEALSTER wrote:


do you know what's the name of the product?

manikantaks4u wrote:
It's BOB HomeLoan Advantage

looks good. But does it allow to withdraw money from the loan amount after repaying? That's the USP of max gain. I have repaid my max gain loan completely but all of it is still available to withdraw and use again in case of an emergency. 

That being said, SBI is still terrible when it comes to service. 

DEALSTER wrote:

looks good. But does it allow to withdraw money from the loan amount after repaying? That's the USP of max gain. I have repaid my max gain loan completely but all of it is still available to withdraw and use again in case of an emergency. 

That being said, SBI is still terrible when it comes to service. 

manikantaks4u wrote:
Same way, BOB will give a savings account and for the balance in that savings account, homeloan interest will not be calculated(but no savings interest on the balance). Since it's just like a savings account, you can withdraw whenever you want anytime.
Home Loan interest will be calculated only on (current outstanding principle - savings account balance).