A "low interest" loan shouldn't mean you have very little interest in paying it back!
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  • Uttar Pradesh to Get Over 8,500 Houses Under the PMAY Reviews

    • Avaas Housing Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I never faced any challenges with Au housing finance ltd during the home loan process. They had done with the process in a good manner. But the interest rate is 14% which is on higher side so I have decided to do balance transfer. In all the service is good.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jun 21, 2017
    • Bank Bazaar Customer Support
      "Awesome experience, very fast"
      0.5 5.0/5 "Blown Away!"
      I love the way that bankbazaar handled my query.I thought for a home loan and my explorer directed me to bankvazaar site. I applied for a home loan from bankbazzar and I am very much sure the service in future will also be remarkable. Just with a basic information the bank require, and here it is the list of all bank offers. Its totally up to you which bank to choose.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 21, 2017
    • SBI Home Loan
      "Happy banking"
      0.5 5.0/5 "Blown Away!"
      I approached State bank of India for the housing loan. When I approached them I got good response and they done with the process in a good way. The interest rate is around 9.5%. I am quite happy with the bank for the housing loan services. And the customer service is good.
      Was this review helpful? 1
      , mysore
      Reviewed on Jun 20, 2017
    • ICICI Bank Home Loan
      "Recommendable Bank"
      0.5 5.0/5 "Blown Away!"
      During the year of 2014, I availed housing loan from ICICI bank. Interest rate is 10.30% now they had reduced it to 9.35%. They disbursed the loan according to my convenience. ICICI is a recommendable bank for the housing loan because they used to send executive and on behalf of the customer they will complete all the formalities. Really they are helpful but the drawback is the interest rate will be 1% higher than the government sector banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 20, 2017
    • IDBI Home Loan
      "About IDBI"
      0.5 0.5/5 "Unacceptable"
      I had taken home loan from IDBI in 2007 latest interest was 10.8% which is i dont know.(Bank will not inform to us. if changes as per RBI But bank will change of interest of % if hiked by RBI) so i loss more than 12 to 14 month EMI. immediately i have changed to SBI interest low, Update every change and tension free.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2017
    • HDFC Limited Home Loan
      "Good Process"
      0.5 5.0/5 "Blown Away!"
      There was no issues with HDFC ltd for the housing loan. I had taken this loan for the interest rate of 9.30%. The loan process went good and there was no hassles with HDFC ltd. Customer service is quite good and they supported well throughout the loan process.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 20, 2017
    • Lakshmi Vilas Bank Home Loan
      "Good Bank and Good Service"
      0.5 5.0/5 "Blown Away!"
      Couple of years back, I had taken the housing loan from Lakshmi Vilas Bank. The interest rate was 8.2% which is very nominal. Since I am a staff of the same bank, the process was very simple. I had not faced any issues with the bank during the loan process. I am completely happy with this bank.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 20, 2017
    • ICICI Bank Home Loan
      "Good bank has flexible loan process"
      0.5 5.0/5 "Blown Away!"
      ICICI loan process is very much flexible. I felt ICICI is much better than HDFC Ltd. I could check the loan transaction through netbanking, Interest rate is also quite normal, and it is quite similar to other banks. I had taken the loan amount of Rs.32 lakhs this is for a tenure of 20 years. I am completely fine with the loan process.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2017
    • HDFC Limited Home Loan
      "Its Average"
      0.5 3.0/5 "Satisfactory"
      My first home loan was taken from HDFC Ltd, second loan with ICICI. But I felt ICICI is better than HDFC ltd, because HDFC ltd is not clear when it comes to loan transaction, I cant see the pending principle amount through netbanking properly. I took the amount of 11 lakhs and this is for a tenure of 15 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2017
    • Bank Bazaar Customer Support
      "User friendly to capture the data with pictorial or animated"
      0.5 5.0/5 "Blown Away!"
      Just i typed in google whether will get loan to purchase vacant land cum construction, immediately bank bazar link came and applied for loan, i impressed on comparing quotes between banks page very much. Hope bank lending team will see this data and provide loan to us.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2017
    • SBI Home Loan
      "Low interest rate"
      0.5 5.0/5 "Blown Away!"
      I got the home loan with the State bank of India and the interest rate is around 8.75%. The loan amount got disbursed to my account within fifteen days of time. Services are very good one with them. Documentation process is very nominal , also I got it through one of the agent.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 19, 2017
    • LIC Housing Home Loan
      "Horrible after sale service"
      0.5 0.5/5 "Unacceptable"
      Worst organization to deal with. Doesn't provide information at one go to the customer inspite of asking again and again. Gives half information and makes customer take multiple rounds to their office. I will never recommend LICHFL to anyone else.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 19, 2017
    • Bank Bazaar Customer Support
      "SERVICE"
      0.5 4.5/5 "Excellent!"
      VERY GOOD SERVICE AND IMMEDIATE RESPONSE..KEEP IMPROVING AND MAKE THE CUSTOMER TO FEEL HAPPY AND I WILL REFER MY FRIENDS TO PROCEED WITH THIS SERVICE. THANK A LOT FOR YOUR SUPPORT AND MAKE MY DREAM COME TRUE. Also bank bazaar's customer care is very polite, very respectful and all my responsibilities are done here,Thanks!!!
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2017
    • Bank Bazaar Customer Support
      "Good"
      0.5 5.0/5 "Blown Away!"
      DEAR SIR, REALLY A VERY NICE APPLICATION ,because whatever the product I choose they are giving immediate response. The bank bazaar web site is easy to use and customer friendly. The bank bazaar customer support is good and very supportive, they helped to get in touch with the bank partner. I am satisfied with the bank bazar
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 19, 2017
    • Corporation Bank Home Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      Corporation bank is not even worth for single rating. The bank does not have customer support at all,They are not supportive to their customers also not giving proper response to the customer as well. this bank is one you could better keep away , they are showing signs of mistrust. I had taken a home loan in 2006 end at a FIXED rate of interest 9.75% with in thee months it has jumped to 10.25% without any information anything then contacted bank manager he said it will be revised. I have closed this account in 2013 by pre closing and I have paid extra 50k for it.
      Was this review helpful? 0
      , surat
      Reviewed on Jun 19, 2017
    • Bank Bazaar Customer Support
      "Helpfull"
      0.5 5.0/5 "Blown Away!"
      Easy to apply home loan & good followup by bankbazar. Thanks to representative. I have a great experience to applying home loan online it is very easy way to apply & I have got a good response from bank bazaar. & Thanks to PM Modi for these plans.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 19, 2017
    • HDFC Limited Home Loan
      "Good Process"
      0.5 4.0/5 "Great!"
      Twelve years back I had taken the housing loan from HDFC finance limited. And the current interest rate is 9.25% and I am asking them to reduce it to 8.5%. Customer service and responsiveness are good with HDFC Ltd. They done with the process without any hassles.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 19, 2017
    • LIC Housing Home Loan
      "Overall Satisfactory"
      0.5 5.0/5 "Blown Away!"
      LIC Housing offer is absolutely competitive as per market, I liked their customer service, the day I applied for the housing loan, they completely taken care. They gave me transparent information on time. I took the loan of Rs. 20 lakhs for the tenure of 20 years. They charged the interest rate 8.6% of interest its good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 19, 2017
    • Bank Bazaar Customer Support
      "Awesome technic "
      0.5 5.0/5 "Blown Away!"
      Bank bazaar has made financial things very easy, this site helped all Indians who want to apply any loan or in getting financial assistance, great going bank bazaar team. God bless him who created this site and we are also getting lots of benefits too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 18, 2017
    • Bank Bazaar Customer Support
      "Quick service "
      0.5 5.0/5 "Blown Away!"
      Bank bazar is very fast service provider. The customer services are good and overall a smooth process to get connected to the banks,The website is very useful to find a bank. The customer service is good and overall a smooth process to get connected to the banks. I'm happy with the Bankbazaar.com
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 18, 2017
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    Uttar Pradesh to Get Over 8,500 Houses Under the PMAY is Rated as "Great!" by 22605 Users

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    Home Loan BYTES FROM OUR KITCHEN

    Uttar Pradesh to Get Over 8,500 Houses Under The Pradhan Mantri Awas Yojana:

    The central government under the helm of Prime Minister Narendra Modi initiated the Pradhan Mantri Awas Yojana back in 2014 in a bid to provide housing for all backward and economically weaker classes in the country.

    Based on this project, the government at the center has decided to provide over 8,500 houses across districts in Uttar Pradesh under the same Pradhan Mantri Awas Yojana.

    What Exactly Is Happening With This Project?

    The State Urban Development Authority, under the guidance of the centre, has started providing a final touch to the list of districts that will house the project. This project was previously called the Indira Gandhi Awas Yojana has been changed to Pradhan Mantri Awas Yojana by the centre and the eligibility criteria for the same has been revamped.

    What Is The Eligibility Criteria To Get A House Under This Project?

    The government has set an eligibility criteria every applicant should meet. They are:

    1. The applicant should be between the ages of 21 and 55.
    2. For Economically Weaker Section (EWS) applicants, the maximum annual income should not exceed Rs. 3 lakh.
    3. For Low Income Group (LIG), on the other hand, the maximum annual income should be less than Rs. 6 lakh per annum.

    Who Are The Likely Beneficiaries Of This Initiative?

    The main beneficiaries under the Housing for All 2022 initiative as as follows:

    1. Women.
    2. People from Economic Weaker Sections (EWS) and Low Income Groups (LIG). These people also need to provide an affidavit or self-certificate as proof of in
    3. People from the Scheduled Castes (SCs).
    4. People from the Scheduled Tribes (STs).

    What Are The Financial Benefits Offered Under This Scheme?

    Earlier Rs. 70,000 was provided by the Pradhan Mantri Awas Yojana. However, this number has been increased to Rs. 1,20,000 currently.

    How Can One Apply For Houses Under The PMAY?

    Earlier, applicants had to submit physical application to the local Urban Development Authority. But, as the government realised that managing a massive amount of crowd is going to be an arduous task, it has begun with an online application process, where in interested parties need to fill an online form to apply for housing. This application for the PMAY can be found on the SUDA website.

    Are There Any Loan Available For PMAY House Seekers?

    Yes. This project has been taken up in conjunction with a number of public and private sector banks in India. Hence, any applicant opting for a house under Pradhan Mantri Awas Yojana will get subsidised loan from banks. Below is a brief update on the banks offering loans under PMAY:

    • All LIG and EWS individuals meeting the PMAY eligibility criteria will also be automatically eligible for interest rate subsidy at the rate of 6.5%.
    • The loan is valid for 15 years or till the repayment of the initial Rs. 6 lakh (whichever is lower). Any loan amount beyond Rs. 6 lakh will be provided at a non-subsidised rate.

    All in all, the Pradhan Mantri Awas Yojana has come up as a boon for millions of poor Indians who aren’t able to afford regular housing. This novel initiative is likely to contribute to the country’s growth in the long run.

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