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SBI vs HDFC
January 23 2011 , 07:42 PM   #1
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SBI vs HDFC

If you have taken a home loan from SBI or other Nationalized bank, please share your experience. Is this pain relating to dealing with SBI's 'babus' just transient or it will be this way throughout the tenure. I won't mind paying a bit extra to get better customer service. What do you say?
January 23 2011 , 08:42 PM   #2
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Quote:
Originally Posted by wanderer21
If you have taken a home loan from SBI or other Nationalized bank, please share your experience. Is this pain relating to dealing with SBI's 'babus' just transient or it will be this way throughout the tenure. I won't mind paying a bit extra to get better customer service. What do you say?
HDFC not Hdfc Bank has the primary business of Housing Development Finance where are any other bank Housing Finance is just another business activity.

So HDFC is what I would like to go for (Never took any loan - I hate leverage)

Rohit
January 23 2011 , 08:47 PM   #3
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Going with Govt.banks is always better, except the initial hassle of paper work . Other banks have more of hidden expenses, can take arbitrary decisions & what not .

Try SBI, should turn out to be better, in the long run .
January 23 2011 , 09:01 PM   #4
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I have experience (running loan) from both SBI as well as HDFC.
Both have own advantage and disadvantage.

If, given an option, I'll always like to go with SBI.
Initial paperwork and approval is bit tiring but in long run it's honesty and peace of mind related to it has edge over HDFC.

HDFC relatively more professional (though SBI is catching up) but are street smart to their advantage ---my personal experience !!



Quote:
Originally Posted by wanderer21
If you have taken a home loan from SBI or other Nationalized bank, please share your experience. Is this pain relating to dealing with SBI's 'babus' just transient or it will be this way throughout the tenure. I won't mind paying a bit extra to get better customer service. What do you say?
January 30 2011 , 12:26 PM   #5
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Pvt bank vs PSU Banks

Quote:
Originally Posted by MANOJa
Going with Govt.banks is always better, except the initial hassle of paper work . Other banks have more of hidden expenses, can take arbitrary decisions & what not .

Try SBI, should turn out to be better, in the long run .
I have a loan running with PNB. Really exhausting experence in the begining. but peace of mind later. But relatively PSU Banks are also improving their services. In big and main branches they are also collecting the documents from home as well.
So in my opinion check with a PSU bank first.

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