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Q.

Builder pushing for SBI Loans only (Specifically his reference) I have shortlisted a flat of 1143 sqft in Ramamurthy nagar, Bangalore 560016. The builder is pushing for SBI Loan only with his reference (Specific reference/branch). I'm asking if I can go and apply myself with other banks. But he says don't, it'll take long time. I can get you in 2 or 3 weeks max. Please let me know if its safe to take his route. I can get the documents for verification only after paying 1L. I don't want to pay because I am not sure why he is insisting to take loan from only his end.

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1

3 Year

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0 2022-05-09T10:07:38+00:00

Hi there,

SBI is a genuine bank but I hate their service. I hate how they treat their customers. After taking a loan if you fall into trouble you have to beat around the bush to get your work done!

Get home loans from your preferred bank at NoBroker at the lowest interest rate!

Coming back to your question, if you have the eligibility criteria to opt for a home loan in SBI.y You should definitely check their interest rate and  the processing fee charges  but you should also check out other options as well. Taking a home loan is a big decision. An increase of 0.5% interest can create a huge difference. So, I would recommend checking other options,

Besides, you should also check if the builder is trustworthy. If the project details are updated on the RERA website, you can be a little stress-free!

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