8 replies on this article “Home loan from which bank ?”

1. vij says:

   July 16, 2012 at 11:53 pm

   Hello All,

   I have enquired from SBI, due to some clauses of them, it looks that it is very difficult to take the loan on the re-sale property.

   Which bank could be the next best option ?

   Please advise

   Thanks very much in advance

   Reply
2. vij says:

   July 7, 2012 at 4:28 pm

   Thanks Sylvestor, it is a good suggestion

   Reply
3. Sylvestor says:

   July 7, 2012 at 4:12 pm

   reply => repay

   Reply
4. vij says:

   July 4, 2012 at 8:13 am

   Thanks Ashal for the response, i will search for the info about SBI’s Max Gain product.

   In the mean time, one more query about tenure. Is it better to go for longer tenure (20 years) or somewhat shorter tenure (say 15 years) for the loan? Any thoughts?

   Thanks very much in advance

   Reply
   1. Ram says:

      July 4, 2012 at 2:45 pm

      Pretty simple. If you go for longer one you will end up paying more money. If you can pay , select shorter period.

      Reply
   2. Ashal Jauhari says:

      July 4, 2012 at 9:05 pm

      Dear Vij, the answer for the tenure depends upon the repayment capacity of the borrower. If you can pay EMI easily for 15Y Term, go for it.

      Thanks

      Ashal

      Reply
      1. Sylvestor says:

         July 7, 2012 at 4:11 pm

         Even if you can reply home loan within 15 yrs, i suggest you go for 20 yrs term but voluntarily prepay 3 emis every year. This will give you some breathing space in case of cash crunch.

         Reply
5. Ashal Jauhari says:

   July 4, 2012 at 12:22 am

   Dear Vij, My take is to go with SBI’s Max Gain product. Please search for more details on this product in the forum itself.

   Thanks

   Ashal

   Reply

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