Home loan suggestion: SBI vd HDFC. Pre approved property from HDFC only.

Q: Hi,
I need help of you guys again :)
I'm looking to get an home loan and finalized 2 banks and not sure which bank to go with, considering both banks fullfill my requurements and property is only approved by HDFC and not SBI.
Considering this, what you guys suggest HDFC or SBI?

Abhijit Shetty,

6th February 2016

Home Loan in Mumbai

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sbi home loan

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who is the best home loan provider?

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Replies (5)

we can serve you from sbi kindly ping at 7982616643

chandresh joshi,

18th January 2020

Comment

SBI and HDFC both are good banks for home loans. To get home loan most of them prefer to go for SBI.

The SBI Bank offers the home loan at the most cost-effective rates compared to the other banks. SBI provides the interest rate which varies from 8.35% to 8.55% which is the most important advantage that attracts customers. SBI offers the home loan under several schemes such as SBI Her Ghar Scheme, SBI privilege home loan, SBI NRI Home loan, SBI Pre-approved home loans, SBI Max Gain home loan and SBI Flexi Pay Home loan etc.

ankitadixit, Chandigarh

22nd June 2018

Comment

Hi all,
Now there are millions of people who have taken home loan and there are various parameters on which a bank can be ranked like Processing time for home loan, Transparency in whole process, Attitude towards customer, Interest rates and pre-payment charges, online tracking of your home loan after disbursement.

As per survey result, it is found that SBI-42% whereas HDFC Bank-17.5%. So, i will suggest you to go with SBI.

Chintakpujara, Mumbai

8th February 2016

Comment

Kishore is correct. HDFC is leader in Home Loan services, SBI too is improving it. But at the end, I will only say that do all necessary homework and choose a home loan whose deal best suited to you.

Private banks are very fast and friendly at the time of disbursing the home loan, they will treat you like a king up-till the loan is disbursed, but once every formality is complete and your home loan is sanctioned, you are a trash to them! As they are extremely agressive in marketing of home loans, a lot of people fall for it, Private companies presentation and they way they approach you is good but only till you are not a home loan customer. A lot of times private companies make things easy for you and also bend some rules for home loans. the number of documents they need also is less compared to a PSU bank.

Ashish Sharma, Mumbai

8th February 2016

Comment

Right Ashish,
On the other hand, PSU banks are not that great at the start of home loan, their rules are very strict and tough and they still operate in the ''sarkari'' style, however once you loan process is complete and things start, there after life is much easier compared to private banks. The overall handling is much professional and as per the process. In short they don't suck your blood every now and then as private companies do.kishore

Kishore Pathak, Mumbai

8th February 2016

Hi Abhijit,
HDFC Ltd. is a NBFC in field of housing finance. Housing Finance companies are regulated from National Housing Bank & Reserve Bank Of India.

On the other hand, SBI is mainframe bank serving all types of retail and corporate account, Here i mean to show you that HDFC is delicately dealing in home loan. On the other hand SBI is dealing with everything in financial sector. Can you expect superior service for home loan from staff of bank which is already burdened with many products?

On the other hand, HDFC is dedicated o one business. To be leader and stay competitive they adopts superior process and provide good service.

Kishore Pathak, Mumbai

8th February 2016

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