Advise on personal loan upto 20 Lakh for 5 years

[Amit_1]

Require PL of 20 lakhs for 5 years tenure.

Opened HSBC salary account last month with first salary credited in the April month, earlier had salary account with HDFC.

Loan rates:
HSBC (Interest rate: 10.25%, charges 10,000 +gst)
HDFC (Interest rate: 10.85%, charges 13,500 +gst)

HDFC RM saying there are no credit card offers with PL, HSBC strictly with no extra offers

CIBIL: above 775
No obligations

Currently in chat with ICICI, if they can provide any good offers with credit cards of interest rates.

Can you suggest any options or best ways to get best out from this PL

 

[sam1803]

Make sure you ask each bank about part payment and foreclosure charges and related terms and conditions.

Last time when I visited HSBC they had charges on both of them. HDFC allowed two part payments with 25% of the remaining principal after first 12 EMIs and zero foreclosure charges.

Since it is moderate loan you can try PSUs bank also but make sure to note all the key points.

 

[Amit_1]

Most of the banks are providing foreclosures without any charges after 12 emi only, will ask for part payments.

PSU banks can give better rates?