Hi sir,
I am regular reader of your blogs & thanks for all the important information shared by you.
I am taking home loan but unable to decide, with whom should I go?
As the property is in Pradhikaran & on lease for 99 years SBI is not giving loan on it.
HDFC & LIC is giving loan & enquired both.
HDFC :- ROI is 10.5% floating.
LIC :- ROI is 10.4% floating & 10.7% fixed for 3 years.
LIC guy told me that the after three month floating rate will become approx 11.5% based on RPL, so they are suggesting for fixed for three years. Also told that same thing will happen to HDFC loan after three month there rate will also increase but HDFC not told that. They simply replied that the ROI will be based on RPL. Some of the friend who has taken loan from HDFC are giving ROI as 11.5%.
Hence I am unable to decide, pl guide me.