I was looking for a thread like this one. We should provide hard data which will be clear for anyone who wants to take a loan. Here are the interest rate changes for HDFC from whom I had a loan and suffered for a long time.
Everyone should contribute to this thread with only this info from different banks. Forget teaser rates, starting year rates and what not. Once the customer comes into his net, the interest rates hardly come down.
Builder is asking me to take loan from LIC Housing Finance
I've booked an apartment in Begur Road, Bangalore. The project is approved by LIC housing finance, Can fin Homes and SBI. Although i'm willing to go to SBI, the builder is very much against it, he says LIC is very fast and can sanction the loan in 1 week. But LIC's interest rates are very high.
it says fixed for 1st 3 years at 10.7% and after that its floating. But it's floating rates are very high at 11+ or 12+ %