Some banks attract home loan clients by advertising *INITIAL* home loan rates lower than peers, or giving freebies like processing fee waiver etc, but their service is rife with serious deficiencies such as:

– sanctioning an amount and disbursing a lower amount
– delaying disbursement leading to disputes between parties
– losing original property documents
– delaying document handover upon loan repayment or transfer etc..

Few people have the capacity to wage a legal battle with banks which have lawyers on their payroll. Even if they win the legal battle, the fines levied on errant banks are so low that they seem a mockery.

So friends, choose your bank wisely, don’t let initial home loan rate of interest or minor freebies be the deciding factor when choosing your lending institution.

Satark rahe surakshit rahe!
Jai Hind