POSTED BY June 29, 2012 12:24 am COMMENTS (9)ON
I have applied home loan from SBI through a wealth management company. This wealth management company has a tie up with my builder and was recommended by my builder. The builder also informed that the wealth management company will not charge any money for this service. Its correct also as the wealth management company is not charging any money from me. Infact they really helped me through the whole process. I only had to go to the branch once to meet the branch manager thats it.
But i was not convinced how come they are doing all these for free and asked the person who is dealing with me about how do they get benifit. He told me that the banks give then some percentage like 0.3% of the loan.
Now i would like to know your openion. Is there any thing that i need to be worried? Is there anything hidden that i may have to check?