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

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

Need a home loan of Rs.30 lakhs.
I have filed ITR for the last 3 yrs and have an income of Rs.8 lakhs per year.
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Crowdpuller Crowdpuller
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why you dont use 8 lakh per month income instead

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

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

Deal Cadet Deal Cadet
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It's 8 lakh per year sorry 🤣

Cool Cool
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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

Benevolent Benevolent
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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.

Community Angel Community Angel
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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. 

Benevolent Benevolent
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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
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