Comparison Chart

Transcript

DIFFERENCE BETWEEN HDFC & BOB HDFC (CON OR MORG) 5 TO 15 13% TO 13.50% 0.5% + 10.30% S.T. N.A. ONLY TCC N.A. N.A. N.A. 0% AFTER 3YEARS BOB (TERM LOAN) 5 15% 1.1%+10.30% S.T. 0.25% AS PER RULES AS PER RULES 0.25%(HP) + 5000 (MIN) 1% OR 7000(MIX) N.A. YEARS RATE PROCESSING FEES REGISTERED MORTGAGE LEGAL CHARGES TECHNICAL CHARGES DOCUMENT CHARGES REGISTRATION CHARGES REPAYMENT CHARGES PARAMETER property insurance need for opening new bank a/c for remitting emi logic of changing interest rate under arhl ROI conversion option fee payable for conversion of ROI or product date of effect of prepayment online access technical visit charges legal charges document charges registration charges registered mortgage processing fees SBI HOME LOAN AGREEMENT without change in base rate and you shall be deemed to have notice of changes in the rate of interest whenever the changes in base rate or increase in in HDFC not mandatory in practice not required rates will chang only if HDFC's RPLR changes. yes 0.50% interest in calc till T-1 day available nil nil nil nil nil 0.5% of the loan amt + services tax OR mix Rs.11236/- (salareid person) ed to have notice of changes in the rate of interest whenever the changes in base rate or increase in interest rates where there is no change in base rate a SBI mandatory-single premium @ Rs.640 per lac for 20yrs property insurance. Will have to pay Rs. 19200/- for a 30 lac loan mandatory to open savings a/c with bank. If salary comes in another bank a/c. the borrower will have to transfer money evey month bank reserves the right to change rates even if base rates do not change. In 2006 customer borrowed @ 8% from the bank and rea yes. Only once during the loan tenor 1.00% till cheque clearance- bank charges for 3-4 more days in comparison to HDFC. This is could mean a loss fo Rs3000 for a prepayme available- (only interest certificate) Rs 1200 (aprox) Rs 3500 (aprox) Rs 1000 (aprox) Rs. 5000 (min) 0.25% of the loan amt Rs. 7000 (aprox) se rate or increase in interest rates where there is no change in base rate are either displayed on the notice board of the branch or pubilshed in news pape 19200/- for a 30 lac loan have to transfer money evey month of 20 years. There are bound to be some miss-ups leading to possible defaults/ bad credit rating etc. owed @ 8% from the bank and reached 11.5% within 2.5 yrs and this bank didn't offer a conversion option. At hdfc too the RPLR rose but customers use an a loss fo Rs3000 for a prepayment of RS. 30lac ble defaults/ bad credit rating etc. ion. At hdfc too the RPLR rose but customers used the conversion option and benefited.