Best option for Home Loan

[nikhilv0303]

Hi,
I'm looking for suggestions for home loan basis the experience of this forum. Which one would you recommend?
HDFC, Bajaj Housing, BoB are some option I've in mind.
ROI might be similar across - any other pointers this community can share to take a decision

Some points I have in mind
1. ROI
2. How quickly ROI changes when repo rate is changed
3. Option to Pre-pay partial amounts online
4. Service levels
5. Max-saver kind of option where interest not charged on savings balance amount maintained
6. Hidden charges like Processing fee, mandatory insurance

 

[hender]

Hi,
I'm looking for suggestions for home loan basis the experience of this forum. Which one would you recommend?
HDFC, Bajaj Housing, BoB are some option I've in mind.
ROI might be similar across - any other pointers this community can share to take a decision

SBI Max Gain

 

[nikhilv0303]

SBI Max Gain

Does SBI max gain give 3% interest on amount parked or 0% ?

 

[hackymanoj]

I am also looking for home loan. Any suggestions on this would be really helpful

 

[prankster]

Go for SBI or Bob, both great wrt to prepayments, transparency in rate reduction. I personally have SBI HL. SBI generally makes ROI changes on 15th of the month after repo rate changes.
No idea about max gain.

 

[hender]

Does SBI max gain give 3% interest on amount parked or 0% ?

Better to check ✔️ ✅ with SBI for latest updates

SBI Home Loan

SBI Home Loans offers a one stop solution to a home buyer. You can browse through our range of home loan products, check your eligibility and apply online! We also have a large number of SBI Pre-Approved projects that you can check out. Welcome to the largest and most trusted Home Loan provider...

homeloans.sbi

 

[anujdit]

SBI Max gain or any overdraft home loan provides interest rate equivalent to home loan interest rate on parked money.
So always go for OD home loan, if surplus amount is there or expected in near future.

 

[prankster]

To add to it, I read somewhere on the forum that BOB also provides free RSDC if HL amount is above certain amount.
SBI also provides on HL above 1 Cr.
Do check it out but don't quote me on it

 

[Guddi]

Hi,
I'm looking for suggestions for home loan basis the experience of this forum. Which one would you recommend?
HDFC, Bajaj Housing, BoB are some option I've in mind.
ROI might be similar across - any other pointers this community can share to take a decision

Some points I have in mind
1. ROI
2. How quickly ROI changes when repo rate is changed
3. Option to Pre-pay partial amounts online
4. Service levels
5. Max-saver kind of option where interest not charged on savings balance amount maintained
6. Hidden charges like Processing fee, mandatory insurance

Would always recommend going for SBI. Initial process might be little painful but you can be peaceful later. HDFC has a lot of complications with prepayment. And well, no one will recommend Bajaj.

 

[Svm]

Go for SBI they decrease ROI as soon as RBI announce rate cuts, don't go for bajaj finance keep it as last resort they approve very quickly but they won't reduce rate cuts quickly

 

[vedantjhawar999]

How is PNB for home loans?
I am getting very good ROI from PNB.
Please advise

 

[hender]

How is PNB for home loans?
I am getting very good ROI from PNB.
Please advise

It's good too 👍, post SBI, BOB, pls do check ✅ ✔️ other TnC too.

 

[hackymanoj]

My builder is connected with Sbi and BOB. what does rsdc mean? Builder is taking care of all the approvals for these two banks easily. But the interest rate is 7.65% where as I heard canara bank and PNB's interest rate starts from 7.35%

To add to it, I read somewhere on the forum that BOB also provides free RSDC if HL amount is above certain amount.
SBI also provides on HL above 1 Cr.
Do check it out but don't quote me on it

 

[hender]

My builder is connected with Sbi and BOB. what does rsdc mean? Builder is taking care of all the approvals for these two banks easily. But the interest rate is 7.65% where as I heard canara bank and PNB's interest rate starts from 7.35%

Rupay select debit card

 

[prankster]

My builder is connected with Sbi and BOB. what does rsdc mean? Builder is taking care of all the approvals for these two banks easily. But the interest rate is 7.65% where as I heard canara bank and PNB's interest rate starts from 7.35%

Interest rate will be slightly on the higher side for under construction property for most banks. For ready to move it will be 7.35

 

[Guddi]

My builder is connected with Sbi and BOB. what does rsdc mean? Builder is taking care of all the approvals for these two banks easily. But the interest rate is 7.65% where as I heard canara bank and PNB's interest rate starts from 7.35%

If builder is connected, then the process will be very smooth. Else it will be difficult to get everything and satisfy the bank. Would recommend to visit the bank branches and get details regarding ROI , etc.
RSDC is Rupay Select Debit Card.

 

[nikhilv0303]

Does BoB allow online pre-payments?
Also, does it change ROI immediately like SBI for repo rate changes?

Also... if anyone has calculator of BoB maxsaver on how much interest is saved using it.. would it be better than investing the same amount in Nify bees for example?

 

[hender]

Does BoB allow online pre-payments?
Also, does it change ROI immediately like SBI for repo rate changes?

Also... if anyone has calculator of BoB maxsaver on how much interest is saved using it.. would it be better than investing the same amount in Nify bees for example?

Home loan is Comparatively way Cheaper than rest of the loan like Vehicle, Education, Personal...
If you have better usage/ options outside to invest/park and you are Confident in achieving that Results, you can Go ahead as per your strategy.
All the best 👍
Check/meet ✅ bank website/branch for latest updates.