sumitgupta

Hi,

I need Home loan of 8-10 Lac (approx) for tenure of 10 years
Offering of Loan are from HDFC & IDBI...

Some of details i got, is below

IDBI
* Rate of Interest – 8.75 %
(RPLR = 12.75% - 4% = 8.75%)

* No prepayment or part payment charges after 6 months.

* Processing Fees (non refundable)
Rs.10,000/- + Service tax (Rs 2500/- with application)

HDFC
* Rate of Interest – 8.75 %
(RPLR = 13.75% - 5% = 8.75%)

* Prepayment - 25% of loan outstanding in each year for the first 3 years and after 3 years any amt can be prepaid with out penalty.

* Processing Fees (non refundable)
Rs. 0.50% of Loan Amt or Rs. 10,000/- (Whichever is lower) plus service tax

Could any one please share the Drawback & Benefits of both of them.

Need comments from ppls having Home Loan & knowledge of RPLR of either bank.

Could anyone also share the past years RPLR / FRR information also.


Thanks
Sumit