Comments on: Home Loans in Bangalore

By: Sajin

Sajin — Sat, 01 May 2010 07:33:42 +0000

If you are negotiating the terms and they are ready to accommodate, probably there is nothing to worry.

If you haven’t tried a nationalised bank yet, that is probably one option worth exploring. Contrary to popular belief, many of those banks are very friendly these days.

By: Raga

Raga — Thu, 29 Apr 2010 14:25:23 +0000

I have been discussing with DeutschePostbank HFL for the last 1 week and they have approved a loan for me and issued a sanction letter. The terms mentioned are 8.75% fixed for 2 years and floating thereafter. The current RBLR is 14.5% and the difference with this to the above rate is 5.75%. They will maintain this difference throughout the tenure of the loan (however this is not explicitly stated in the sanction letter and I am talking to them to get this written down). Interest calculation is monthly reducing only (I am pressurising them to go for daily reducing, but still they have not agreed). I am looking for proceeding with DB (!!) and after reading this post I am rethinking. Apart from interest rate and foreclosure issues do you see any other problem with DB?? Please suggest.

Thanks.

By: srinivas

srinivas — Wed, 14 Apr 2010 08:13:23 +0000

Hi, I am looking for an home loan , But unfortunately my cibil report is not good , can anyone refere me of getting the same without any consideration of cibil report

By: Sajin

Sajin — Mon, 04 Jan 2010 15:07:15 +0000

I’ve sent you the details.

By: Saurabh

Saurabh — Mon, 04 Jan 2010 07:42:40 +0000

Can u plz fow me the contact details of Union bank of india guys. I am buying a property in the next month, looking for a loan.

By: Sajin

Sajin — Tue, 29 Dec 2009 12:28:11 +0000

@Vineet,
I’ve sent you contact info of the concerned person. Please let me know in case you don’t get it.

Alternately, you can mail dundee _at_ unionbankofindia _dot_ com

By: Vineet

Vineet — Tue, 29 Dec 2009 12:13:58 +0000

Hi Sajin

Can you pls forward me the details of Union bank of india folks.. i am with hdfcbank and need to transfer my home loan ASAP.

Pls email if possible

Thx & rgds
Vineet

By: Sajin

Sajin — Thu, 10 Dec 2009 17:12:03 +0000

Usually there is no other charge apart from pre-closure charges.

Make sure you are paying off DB on the same day or next day once you get the cheque from IDBI. If you take longer (say, a week) you’ll be paying interest in both the places.

By: Nikhil

Nikhil — Thu, 10 Dec 2009 11:15:12 +0000

I’m finally closing down my loan at DB. Transferring to IDBI at 8.75. On the whole saves me close to 4 lakhs over the term of the loan. Some of the comments on IDBI above has kept me on toes but the loan rep has been very helpful so far. The challenge now is to get the pre-closure certificate from DB, they have been calling me almost every day to find out why Im closing it down.

I did not get any responses from SBI. LIC did respond but their interest rate is at 9%. Im getting a better deal at IDBI. Apart from the preclosure charges that IDBI will payoff DB, are there any other fees or charges towards DB that I need to be aware of?

By: Sajin

Sajin — Mon, 23 Nov 2009 15:53:06 +0000

@Nikhil,
Glad to know it helped.
Haven’t stopped ECS in my bank yet. Have given a written complaint to DPB though saying they have taken one EMI extra and they have promised to return it and not to issue any more ECS. So that should hopefully settle the matter.

Your choice of SBI/LIC-HFL are good. SBI now has a 3-year fixed offer too, not sure about LIC though.