A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • 5 Problems a Typical Home Buyer Faces

    Buying a house is not a cakewalk. There are many questions one has to answer before finalising on a house that they would love to make it their own. Starting from not-so-accessible location to demanding owners selling it, there are many problems a home buyer faces while searching for a dream house. And not to forget, there will a mountain of paperwork to check, verify, and sign and the pressure of arranging the required down payment.

    Top Problems a Typical Home Buyer Faces

    • Real estate agent versus online advertisements: As soon one decides to buy a house, the first immediate question is if a real estate agent is required or not. Many prefer going online and searching for houses for sale as they can avoid brokerage and they can find a plethora of beautiful houses available for every budget. One can also play with the filters and refine their search to find a perfect house that suits all their requirements. However, there are many who still prefer the conservative way and choose agents to show them houses and are willing to pay a huge brokerage fee.
    • Location of the house: One of the main hurdles a home buyer faces is deciding the location of the house. There are many advices available online on how to choose the ideal location. However, there is no universal rule. Few home buyers prefer picking up an affordable and spacious house on the outskirts of the city than investing a massive amount for a small apartment in a prime location within the city. If you are planning to buy a house, you will have to carefully choose a location that will suit your needs.
    • Not-so-honest owners: When buying a house many fear fake owners. There are many house owners who are not honest when they sell their property. One of the biggest fear any home buyer will have is if the seller is being honest and giving all the required information. This has also been a concern as owners remain mysterious in most cases.
    • Property titles: Most of the properties in our county is in litigation. Every home buyer should check the paperwork and see if the property titles are clear. This is a huge challenge as many real estate agents or owners themselves can talk us in to buy the property even though the title is not clear. Many owners claim that the property is jointly owned by a relative who will never cause a problem without getting a consent to sell the house from all the parties involved. This often leads to litigation or an expensive settlement. Therefore, getting a property with clear titles is a huge issue.
    • Budget and bank loan: To find a perfect house within one's budget is a challenging task. Budget is an important factor that decides the type of the house and the location you can pick. There are very few buyers who can pay the entire price of the house in cash. Most of the home buyers compromise on the house as they do not have sufficient funds to buy the house they want. Most home buyers depend on home loans to buy a house. When the banks fail to offer a good deal, their dream of owning a house is postponed.

    Buying a house is not a decision one makes frequently. It is a once in a lifetime decision. It requires a lot of planning, searching, and networking. These are only a few problems that home buyers face when they are planning on buying a house. There are many other issues like the appreciation cost in the area, bad credit score, and false promises by builders/developers. Hope you find the right house!

    Home Loan - Sitemap

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    Home Loan Reviews

    • review Home Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had taken my Home loan a long time back and the process in getting the loan has been pretty good. The loan amount has been sufficient and the interest rate which they offered has been nominal when compared with the market rate. Their customer support team has also been helpful during the process in getting the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 23, 2019
    • LIC Housing Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I have taken one home loan from lic housing finance last fouryears , and their allover service is good , my loan amount is 19L , and rate of interest is nominal , EMI amount is 19k , tenure is 15 years , I am satisfied with lic housing finance home loan ,
      Was this review helpful? 0
      , thane
      Reviewed on Apr 23, 2019
    • Indiabulls Home Loan
      "Very Good choice for housing loan"
      0.5 5.0/5 "Blown Away!"
      I do have housing loan with India bulls, the interest is normal. I took the loan amount of Rs. 25 lakhs now I need to pay only Rs. 2.5 lakhs. They quoted me the interest around 8.99% now they revised to 9.5%, I done lots of part payment without any charges. They are very helpful and supportive on the queries handling.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 23, 2019
    • ICICI Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a HOME LOAN from ICICI BANK a long time back and the experience i had has been quite good. The loan amount has been sufficient and the interest rate with them had been less when compared with the other banks. There was no additional charges made by them. The customer support team of them had been very much approachable.
      Was this review helpful? 0
      , noida
      Reviewed on Apr 23, 2019
    • ICICI Bank Home Loan
      "Need transparency"
      0.5 3.5/5 "Pretty good"
      I found the interest rate is bit higher in ICICI compared to other banks, where it was 8.75% but have been charged 9%. Am still paying the premium for home loan and it was taken before 2 years. The total tenure is 20 years. My experience was good just documentation took lit longer. At the time of registration process, they failed to provide one document. There was a processing fee but they informed it will be waived off during the loan process and it does not happen.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 23, 2019
    • Punjab National Bank Home Loan
      "BETTER"
      0.5 3.5/5 "Pretty good"
      PNB HOUSING FINANCE LIMITED is the finance limited where i have applied for the housing loan, the application process was not much user friendly but they have provided with nominal rate of interest added on that the loan amount is good. The service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 23, 2019
    • Canara Bank Home Loan
      "gOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I took a housing loan from the CANARA BANK .The interest rate was nominal.There are no additional charges such as part payment charges. Overall it has been a really good experience. I got the loan amount sufficient and even the tenure period was fair enough .
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 22, 2019
    • IIFL Home Loan
      "Very faster response"
      0.5 5.0/5 "Blown Away!"
      When I am looking for housing loan, IIFL immediately responded to my request . I got a very good customer response for verifying my documents . They processed the loan within one month of time . They sanctioned the loan with the average interest rate for next twenty years .
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 22, 2019
    • LIC Housing Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Previously i applied for my housing loan with LIC HOUSING FINANCE , but i felt the rate of interest they are charging too high comparing to other bank, the loan amount was sufficient it was on my requirement i got loan. Even i am not happy with their service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 22, 2019
    • HDFC Limited Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have done balance transfer from other bank to HDFC limited, i have taken home loan with them recently, the reason for doing balance transfer because of the less rate of interest they are charging, they have charged me up to 9.2% previously was 8.5% it is not fixed, Still this loan is running.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 22, 2019
    • Canara Bank Home Loan
      "GOOD"
      0.5 4.5/5 "Excellent!"
      I have applied for the housing loan with the CANARA BANK the documentation process was simple and i got the loan on time with hassle free process. They have given the satisfactory loan amount added on that the rate of interest was 8.8% and using from last 2014.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 22, 2019
    • DHFL Home Loan
      "Not satifactory service"
      0.5 1.0/5 "Really Bad"
      I got home loan with DHFL FINANCIAL INSTITUTION . I am not happy with the services even the customer service response is not so good . The loan amount which they gave was good but they charge very high rate of interest . Overall it is fine experience .
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 22, 2019
    • IDBI Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied for the housing loan with the IDBI BANK the documentation process was quick and done on time. They have given the good loan amount the rate of interest was 8.7% which was a fixed. There was a processing fee, the duration for repaying is for 15 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 22, 2019
    • LIC Housing Home Loan
      "Should be transparent and prompt"
      0.5 1.0/5 "Really Bad"
      I have housing loan from LIC, the interest is high. My property located in lucknow but I am staying in mumbai hence for the balance transfer its very difficult they need lots of loan documents. Without proper notification they increased the interest but for the reduction they have lots of procedure and I need to pay Rs.1000.
      Was this review helpful? 1
      , mumbai
      Reviewed on Apr 22, 2019
    • HDFC Limited Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I took one home loan from HDFC LTD , and their allover service is good , my loan amount is 30L but this time only disbursement amount is 3L and rate of interest is 8.95% IS nominal , and EMI is 3400K rest amount after some days I take it , I am satisfied with all thing their service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 22, 2019
    • ICICI Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan through ICICI BANK . This is one of the good experience i had and would suggest everyone to go for it if you are looking for any Home loan., because they have the reasonable interest rate. When i had gone to apply home loan they sanctioned the amount in just few days .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 21, 2019
    • HDFC Limited Home Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had taken a Home Loan from HDFC LTD a long time back where the process in getting the loan was good and the disbursement was on time. The interest rate and charges which they had made has been nominal and there has not been any sort of extra charges which they had made and the loan is still running.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 21, 2019
    • LIC Housing Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      LIC HOUSING FINANCE has also offered me a home loan. The process was quick and I got the loan on time. The rate of interest is and there were processing charges as well both are very nominal compare to others in the market . The tenure period is 10 year and it is sufficient .
      Was this review helpful? 0
      , vadodara
      Reviewed on Apr 21, 2019
    • review Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have SHAMRAO BANK i have took home loan from this bank . Their service is better, Overall the whole loan process was easy and hassle free. Only the rate of interest were high with this bank. The processing fee is nominal with this bank . And the loan amount is not satisfactory .
      Was this review helpful? 0
      , pune
      Reviewed on Apr 21, 2019
    • HDFC Limited Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      HDFC LIMITED is the bank where i have taken the housing loan the loan amount they have offered was good and satisfactory added on that the documentation process was simple and pretty simple documents. I got the loan within one day, the rate of interest was nominal.
      Was this review helpful? 1
      , bangalore
      Reviewed on Apr 20, 2019
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