BoM or BoI HL?

[Toufiq99]

We have recently bought an under construction flat and have two home loan quotes from BoM and BoI respectively.
It's our first experience with both home and loans, would appreciate some feedback from the community in helping choose the lender.

Both are offering 7.5% interest rate based on our Cibil (primary 777, secondary -1)

Charges are also quite similar.
BoI charges are:
1. Legal and technical - ₹5900
2. Stamp paper and notary - ₹2000
Total - ₹7900

While BoM's upfront charges are higher, since I'm getting it through a DSA, they are willing to reimburse some amount bank after disbursement, bring the charges to lower than BoI.
1. Cibil charges - ₹590
2. Account handling charges - ₹8185
3. Search+Valuation - ₹11000
4. Legal Due Diligence - ₹2000
Total upfront charges - ₹21775
DSA Reimbursement - ₹17500
Total- ₹4275

Considering a very similar offer from both banks, which one would you suggest me to go with?
Considering the post-disbursement processes, ease of part/pre payments and general requests like obtaining interest certificates, etc ?

Thanks in advance for your help.

 

[Kabir_1112]

I have a very good experience in the past for my home loan with Bank of India and I have my primary savings account too with them since 7 years. With the fresh new internet banking UI and the security they have with the net banking is really good.