DHFL
Higher interest rates

Dear freinds, this is not complaint, but truth

presently some private housing finanace companies in market obiveosly they got permission from central government, and have restriction to fallow central government norms and rules [DHFL, GIC etc].

central govt body has decided perticular RPLR to every housing loan provider banks, which may be govt nationalized, private or non banking private housing loan provider, RPLR or PLR means retail prime leading rate this is fixed which is around 11% to 12 %for nationalized bank[LIC, SBI, ANDHRA BANK ETC], 13%to 14% for private bank[ICICI, AXIS, HDFC etc} and 15% to 16% for [DHFL, GIC], which means loan provider bank or pvt comp. cant go above this range.

now due to market race and competition, they[means bank and pvt company] first give attractive interest rate to customer like 7.95%, 8%, 9%, 9.25% etc, but after 3 months or 6 months they renew their interest rate at present it is 1 to 2 % less than their PLR,

also closing amount and processing fee is different and higher

so my advice to go towards nationalized bank for housing loan, i know to get loan from these banks is hectic and more paper work needs, but its not 100% strict, to give loan each bank gives positive and negative points in ur income, job, practice shop, income returns, education, deposite, assets, dependable persons, childs., property etc and give points to each, if u got above 50% point u will get loan.

it is easy to do one time process inspite to life long hectic headache, so go towards nationliazed bank for home loan

Tukaram

Company: DHFL
Country: India

  <     >