I have an offer of a 10.25% vanilla home Loan from HDFC vis a vis a 10.5% HSBC smart loan. While a smart loan will help me pay off the loan whenever I have spare funds, the rate at HDFC is lower. On the other hand, while there have been doubts about HSBC, at the end of the day it’s still a bank and governed by RBI unlike HDFC, who is free to change rates and claiming to have a multiple conditions around part payments and balance transfers.
Pls help. This decision is killing us!