HDFC V/s SBI Which is Better for Home Loan
HDFC Ltd is a NBFC in field of housing finance. Housing Finance companies are regulated from National Housing Bank & Reserve Bank of India.
On other hand SBI is mainframe bank serving all type of retail and corporate account you can think of. Giving them all services from debit cards, cheques, demand drafts to commercial wire transfer. For corporate they serves machine finance, project finance, bank guarantee etc. Then comes added to retail sector like Credit Card, Car loan, & Home Loan
Did I bored you telling about different services of SBI? You already knew it. Well I didn’t meant to. Here we are talking about home loan. I wanted to show you HDFC is dedicatedly dealing in Home Loan. On other side SBI is dealing with everything in financial sector. Shall you expect superior service for home loan from staff of bank who is already burdened with many products?
HDFC on other hand is dedicated to one business. To be leader and stay competitive they adopts superior process and provide good service. As we know a horse knows another horse and a donkey know another donkey. In such an environment no professional organization with only one business to do, will ever annoy their customer. On other hand for SBI to even get interest certificate you may have to keep calling branch so you can get tax benefit.
But it is not only about service, there are plus and minuses of both companies. We have listed 19 points of comparison. You can give weightage to every point based on your requirement.
KEY POINT OF CCOMPARISON IN HDFC LTD AND SBI FOR HOME LOAN
SBI has issues on quality of customer service. if you have lot of time and patience, you can go to SBI you will get better deal on rate of interest. After disbursal you require very less interaction from branch because EMI will be debited from ECS.
HDFC is leader in home loan because of customer service, SBI too is improving it
At the end, I will say, you can do all working and chose a home loan deal best suited to you. Or you can take our help for most affordable loan OFFERS With door step service from your home or office. We don’t charge anything our services. Simply fill your details. We will do all this for you
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