Hello Friends,

I need advice on which bank would be approriate for 25 lacs Homeloan, 20 years. ICICI bank is offering 10% for 25L and SBI 10.25%.

Please help me deciding which would be better considering below general feedback.
Have listed down some +ve and -ve factors for each bank. please add/correct points if i'm missing anything.

+ Lowest interest rate available
+ Quicker sanction and disbursement
+ Hassle free processing
- Balance monthly reducing calculation
- Bank infamous for changing interest rates with immediate effect
- Penalty on prepayment

+ Balance daily reducing calculation
+ No penalty on pre payment
+ Very strict in property document verification
- Very less customer friendly
- Very transparent dealing with customer

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