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Home loans from SBI

Last updated: September 29 2009
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  • Home loans from SBI

    Can someone provide some reviews for SBI home loans?
  • #2

    #2

    Re : Home loans from SBI

    SBI home loans have the lowest interest rate of 8.25%. But usually they are harder to get unless your company has a contact with the bank. Home loan from SBI would be my first choice iwhen I go for a home loan. Other banks have prepayment penalty(I heard that the other banks also dont have this penalty now, I'm not sure on how far this is true). But there is definitely a difference in interest rates.

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    • #3

      #3

      Re : Home loans from SBI

      Yes,it is the best one.A little harder to get but no contact /contract between yr company and sbi is required.
      If you fulfill the terms and conditions u will easily get the loan.
      If yr builder is good and his scheme is approved by SBI,then u will get sanction letter in couple of visits.

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      • #4

        #4

        Re : Home loans from SBI

        BoB

        My bet would be Bank of Baroda.
        If you are happy, you are successful.

        Comment

        • #5

          #5

          Re : Home loans from SBI

          BOB is good, so is PNB and Union Bank. They have recently reduced the loan interest to 8.25% for first 3 years and no prepayment penalty upto 100% of your loan .

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          • #6

            #6

            Re : Home loans from SBI

            Originally posted by Nisardel View Post
            BOB is good, so is PNB and Union Bank. They have recently reduced the loan interest to 8.25% for first 3 years and no prepayment penalty upto 100% of your loan .

            What about axis bank?

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            • #7

              #7

              Re : Home loans from SBI

              PNB,BOB,Union ....infact all nationalised banks are better than private one if u r getting a good deal...
              But key word is avoid private bank even if they provide loan at home facility.

              Getting a loan from nationalised bank is not that easy.
              SBI atleast in Pune is ahead of them due to facilities like
              1)centralized processing,separate marketing team,
              2)online banking.
              3)Some builders get their project pre-approved by SBI

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              • #8

                #8

                Re : Home loans from SBI

                Originally posted by vibhav_pune View Post
                PNB,BOB,Union ....infact all nationalised banks are better than private one if u r getting a good deal...
                But key word is avoid private bank even if they provide loan at home facility.

                Getting a loan from nationalised bank is not that easy.
                SBI atleast in Pune is ahead of them due to facilities like
                1)centralized processing,separate marketing team,
                2)online banking.
                3)Some builders get their project pre-approved by SBI
                Hi,

                I would like to add some points
                1) SBI has outsourced some of initial work to private company, which made initial processing hassle free.
                2) SBI improved service a lot and I had good experience.
                3) They have Max Gain (over draft) facility which a lot good and saves lot of intrest...

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                • #9

                  #9

                  Re : Home loans from SBI

                  Thanks a lot folks.
                  I am going ahead with SBI as of now.

                  Comment

                  • #10

                    #10

                    Re : Home loans from SBI

                    home loans

                    Please try to weigh them on apna paisa web site. We loose small small points, when confirming on home loans. You will know from here.
                    Sunshine

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