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- SBI Bank is known to provide loans at the cheapest rates. They also have more stringent document requirement and hence if you are buying from a builder, it should be comforting that your Bank will demand all papers from the builder and do a thorough due deligence.
the SBI Max Gain scheme is an amazing concept and shrewd, savvy people can save a lot of money by using it wisely.
Recently a couple of my friends and cousins took loans from LIC Housing Finance. they assure fixed rate of interest for first 2/3 years (currently 10%...the lowest in this market) and then to floating. the scheme looks interesting because it doesnt look like the rates are headed downwards anytime soon and after 2 years, if the floating rate at LICHF looks high, you can easily switch to another Bank.
Hope this helps. All the best.CommentQuote0Flag
- Originally Posted by reddykalpanaHello if we want to go for home loans from banks which bank is the best for that and i need information about rate of interest also.
HDFC Ltd - even if their pricing is sligher higher that few other banksCommentQuote0Flag
- affordable housing is a myth as banks and Nbfc's are charging huge interest. Indiabulls is charging 13.65% rate of interest on home loan
NBFC's are not passing the benefits of the interest rate cut. The RBI has lowered interest rate 4th time to 5.40%. Thus accordingly, interest on home loan should be somewhere around 7%-8%,.@ibhomeloans is charging a whopping interest rate of 13.65% on a home loan.
NBFC and Banks are not lowering interest rates for existing customers. RBI is doing its job by cutting rates but banks and NBFC are not transferring the benefit to customer
interest on a home loan is not been passed to customers of (Indiabulls housing) there is no use on RBI repo rate reduction
- They are all trapped with no liquidity, hence they cannot afford to reduce their income. Also lower rates wont help, its the house prices that are the problem. They need to come down a lot to solve the problem.CommentQuote1Flag