Home loan
- Thread starter Prath
- Start date
Rakesh8857
KF Rookie
I am applying for a home loan in SBI, is it mandatory to take property insurance ?
Yes they ask for it
I am going to take HOME Loan from Bajaj Finance . They are only charging 0.2% processing fee and 0.5% MODT
Zero Login, Legal, Valuation, pre payment and part payment, foreclosure, switching charge (All these are zero)
I have all these is written communication WhatsApp message and they mentioned "Nill Hidden Charges"
Ques 1) Are there any other charges while taking home loan ?
Ques 2) Can they add any new charge after loan is taken or change any change cost like foreclosure ,pre payment and part payment ?
Ques 3) For balance transfer what all charges i need to pay for both Bajaj Finance & bank ?
Zero Login, Legal, Valuation, pre payment and part payment, foreclosure, switching charge (All these are zero)
I have all these is written communication WhatsApp message and they mentioned "Nill Hidden Charges"
Ques 1) Are there any other charges while taking home loan ?
Ques 2) Can they add any new charge after loan is taken or change any change cost like foreclosure ,pre payment and part payment ?
Ques 3) For balance transfer what all charges i need to pay for both Bajaj Finance & bank ?
Darshan2805
KF Rookie
Yes
nitindhasmana
KF Rookie
Did you find the answers? Please explain
Many banks force to take property insurance with loan. However, for their targets SBI will force SBI General Insurance which is one of the most expensive ones. You can always take from outside and get it assigned to SBI.
zacobite
KF Mentor
not mandatory.. they force.. u don't take
GUNJANVYAS
KF Rookie
Hi I m buying 42 lacs home.can I get government subsidy?
