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itssundarji · 18-11-09

Can you guys suggest good banks for either 10 year or 15 year tenure? I think it will be different for both.
I have inquired and PSUs are better and offer good deals
Between the rest BOB and Pnb seem to be good because

SBI - Delay in processing, Indian bank - Higher interest after 20 lacs and no festival offer now, Canara bank - Higher rates after 5 years and 0.25% more interestfor second home

Also how much is the delay or processing time in SBI

Between BOB and PNB, PNB is offering 8.5% for 3 years and in short term upto 3 years, intersts are likely to go up. Hence this looks a better deal than BOB whose interest rates are not fixed even for a couple of years. BOB interest is likely to increase as RBI directives indicate

I have two concerns with PNB

1. I know sometime back they were charging upto 1% more interest rate for secod homes, not sure if they can re-introduce such rates again. Think BOB never charged more for second home
2. PnB offer BPLR - 2%, but their current BPLR is 11%. BOB offers BPLR - 3.25% and their current BPLR is 12%. So if both BPLRs are same in future , which was the case couple of years back, then after three years I may be paying about 1.25% more interest rate with PNB.

Anybody has any experience with PNB. I feel they will not overcharge their existing customers as they have good reputation. But share your experience and also suggest if anything else like LIC is better. Also can I pay some part of principal and continue to be in PNB, but get lower rates as a new customer in a different branch in future?

18-11-09	#1
itssundarji New Member Join Date: Sep 2009 Posts: 3 Thanks: 0 Thanked 0 Times in 0 Posts	Best banks for long term/short term Can you guys suggest good banks for either 10 year or 15 year tenure? I think it will be different for both. I have inquired and PSUs are better and offer good deals Between the rest BOB and Pnb seem to be good because SBI - Delay in processing, Indian bank - Higher interest after 20 lacs and no festival offer now, Canara bank - Higher rates after 5 years and 0.25% more interestfor second home Also how much is the delay or processing time in SBI Between BOB and PNB, PNB is offering 8.5% for 3 years and in short term upto 3 years, intersts are likely to go up. Hence this looks a better deal than BOB whose interest rates are not fixed even for a couple of years. BOB interest is likely to increase as RBI directives indicate I have two concerns with PNB 1. I know sometime back they were charging upto 1% more interest rate for secod homes, not sure if they can re-introduce such rates again. Think BOB never charged more for second home 2. PnB offer BPLR - 2%, but their current BPLR is 11%. BOB offers BPLR - 3.25% and their current BPLR is 12%. So if both BPLRs are same in future , which was the case couple of years back, then after three years I may be paying about 1.25% more interest rate with PNB. Anybody has any experience with PNB. I feel they will not overcharge their existing customers as they have good reputation. But share your experience and also suggest if anything else like LIC is better. Also can I pay some part of principal and continue to be in PNB, but get lower rates as a new customer in a different branch in future?