Comments on: HDFC V/s SBI Which is Better for Home Loan https://joyloan.in/hdfc-vs-sbi-which-is-better-for-home-loan/ Joy Loan: Simplifying Loans Since 2012 Thu, 23 May 2019 10:59:28 +0000 hourly 1 By: Ravinder Bhutani https://joyloan.in/hdfc-vs-sbi-which-is-better-for-home-loan/#comment-380 Sat, 02 Jun 2018 06:06:54 +0000 http://joyloan.in/?p=915#comment-380 In reply to MANEESH KUMAR.

I suggest you to go with Axis bank. They too will offer 8.4% roi, more over they often comes with offer zero processing fee and no legal fee. Every other month they comes up with this offer.

In HDFC and ICICI, you are going to pay processing fee + Legal fee.

SBI is ok, but as you said you are required to pay 7900/- conversion charge, yet you will get higher rate of interest compared to lower available options

]]> By: Ravinder Bhutani https://joyloan.in/hdfc-vs-sbi-which-is-better-for-home-loan/#comment-368 Sat, 02 Jun 2018 05:23:52 +0000 http://joyloan.in/?p=915#comment-368 In reply to Chetan.

Hi Chetan!

On floating rate of interest, there are no lock in period. Means you can prepay / part pay your home loan when ever you want.

Also on floating rate of interest, there are no foreclosure charges

]]> By: Chetan https://joyloan.in/hdfc-vs-sbi-which-is-better-for-home-loan/#comment-233 Sat, 02 Jun 2018 05:01:26 +0000 http://joyloan.in/?p=915#comment-233 Hello Sir, I wanted to know whether there are any restrictions placed in SBI on the prepayment home

]]> By: MANEESH KUMAR https://joyloan.in/hdfc-vs-sbi-which-is-better-for-home-loan/#comment-207 Mon, 30 Apr 2018 09:57:30 +0000 http://joyloan.in/?p=915#comment-207 I have housing loan from SBI, since October 2013 at ROI of 9.6 % under Max gain Scheme. Now they are offering me ROI of 8.75% on daily reducing basis on monthly rest, after paying a processing fee of Rs. 7900. TThe outstanding amount is Rs. 1500000. I have no issues with concerned branch. ICICI bank is offering ROI of 8.4%, HDFC is also offering in the similar range. Which option will be more cost effective.

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