Nearly 5 years back, I had got the home loan from HDFC limited. The services are especially good. Best option is part payment option with 0% charges. Overall good experience with their customer service team as well.
06:29 PM - Jan 24, 2015
I am having a home loan for 1 year now with Axis bank which is good. The rate of interest was 10.25% which is reasonable. The services was good. The customer support and the response was good and there is no issues as of now. They resolve all the queries on time. I applied for the loan on 27th Dec and on 12th Feb I got the loan which was an awesome response. The processing fees was Rs.9000 approximately which was high and can be reduced.
03:11 PM - Jan 22, 2015
HDFC LTD housing loan is good , the only thing is response should be increased. I am happy with HDFC LTD as the rate of interest offered by them is a very good one. They have very good network. Loan process was very simple and it took a monthâ??s time to process the request.
11:29 AM - Jan 22, 2015
I had a good experience with Bank of Maharashtra in terms of home loan. I was able to get the loan at a very easy basis and it was at a competitive rate, I had got the home loan. There is also a part payment option with 0% pre closure charges. Branch Manager was so helpful and was focused on customer needs.
04:52 PM - Jan 24, 2015
Services is good however for receiving provisional certificate for tax benefits, need to visit the State Bank of India branch and submit the application which is hectic process. Other than this, there was no issues in terms of my home loan.
02:55 PM - Jan 22, 2015
Interest rate offered by TATA Capital for the housing loan is 9.75% . The main thing is, I had contacted TATA Capital because I know a person there who is working with TATA Capital. Processing fee charged by them is 7000 to 8000. It was done quickly hardly they took 3 to 4 business days after submitting all my documents. They gave me a feedback after 3 days post whic h they got in touch with the builder directly and they gave a cheque to the builder after collecting all the required documents from the builder.
11:18 AM - Jan 22, 2015
There are no issues with ICICI in terms of home loan. Till yet, the options are good. As I had taken 10 years before, interest rate and charges are competitive. There are no excessive charges and overall happy with the services.
12:21 PM - Jan 24, 2015
As its a resale property, I did know about IDBI through the previous person who had taken home loan. Even the paper work was less as its a pre approved loan. Interest rate is very less at that point of time.
01:55 PM - Jan 22, 2015
I have approached HDFC LTD for the housing loan . Everything was good and clear with HDFC LTD. I just enquired about HDFC LTD . Executives were in touch with me constantly. Rate of interest offered by them was ok . Tata capital charged me an interest rate of 9.75% and HDFC LTD charged me 10.15%. To be honest, I have taken a housing loan with Tata Capital that is why I have not taken a loan with HDFC LTD.
11:16 AM - Jan 22, 2015
I had taken a HL from SBI and I am very satisfied with the service till now. Initially, they took more time for verification/title-clear, but later on I found that there verification is on of the most stringent. It means that any illegal land/property will not get loan approval. Even the customer service has improved a lot in past few years.
11:22 AM - Jan 23, 2015
I was holding a housing loan with ICICI Bank and I am a disappointed by the service offered by them. It was taken for a period of 15 years, all of sudden with out my knowledge the tenure was increased to 45 years . I was shocked and I wrote about that to the Manager . However no response from them. Finally, I had to close my loan account after paying all my EMI â??S.
12:26 PM - Jan 22, 2015
DHFL housing loan is good. I had some other issues due to which I did not move further. I have cancelled my application . I am happy with the rate of interest and processing fee. Customer service offered by them was good . I had no issues with them. I will definitely approach them if I require it in the near future.
06:36 PM - Jan 21, 2015
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
EMI limited to about 50%
of monthly income
Loan capped @ 75% - 85% on property value
EMIs of other loans lower
Making your spouse a co-applicant
Choose longer tenure loans of up to 20 - 30 years
Alternatively add your parents as co-applicants
|Interest Rate (Monthly reducing balance)||10% - 10.5%|
|Processing Fees||0.5% of Loan|
|Loan Tenure||1 year to 20-30 years|
|Partial pre-payment Charges||Nil|
As a welcome sign from RBI for banks to reduce rates, norms have been eased for applicants seeking home loans for low-cost housing. This means you can now easily get home loans with minimal conditions. RBI has also allowed banks to provide loans in return for long-term infrastructure bonds as security. However, this new rule and minimal conditions for home loan does not apply for home loans in case the long-term infrastructure bonds is in the name of other banks.
In short, getting to the actual amount of home loan disbursed, one can expect a maximum amount of Rs 10 lakh. The loan repayment period is fixed based upon the time duration of the maturity of the bonds which is pledged as a surety for the low cost home loan. This new rule comes on the back of the RBI’s recent decision to allow money lending against long-term infrastructure bonds raised by the banks. Further, the loans against such bonds do not have to comply with the mandatory reserve requirements.
1st December 2014