Which Is Better SBI Or HDFC?

What is SBI home loan rate?

SBI Home Loan Interest Rate: 6.95% to 7.35% Processing Fee payable to SBI: Upto ₹ 10,000..

Will HDFC reduce home loan rate?

The mortgage lender Housing Development Finance Corporation (HDFC) on Friday announced to cut its retail prime lending rate (RPLR) by 20 basis points (bps) for existing customers, which in turn will reduce home loan rates for salaried customers till 7.65%.

Can I open zero balance account in HDFC Bank?

HDFC Bank zero balance savings account can be opened by any resident individual who is not having an existing relationship with the bank and do not have complete KYC. A zero balance basic savings account can be opened with HDFC Bank which will have certain transactional and operational limits.

Is SBI good for home loan?

Lastly, SBI is the largest home loan provider in terms of Home Loan Book value. In fact, SBI is the market leader in defining the direction of Mortgage industry. If SBI Home Loan interest rates are cut then all other home loan providers follow the suit. The best example is REPO Rate cut by RBI in January this year.

Which bank home loan is best?

Compare Best Home Loan Interest Rates, All Banks in India 2020BankHome Loan RateBenchmark TypeHDFC Home Loan Rates6.90%PLRCitibank Home Loan Rates6.75%TBLRBank of Baroda Home Loan Rates6.85%RLLRICICI Bank Home Loan Rates6.90%RLLR48 more rows

Is it good to transfer home loan from HDFC to SBI?

“Then a colleague told me about a limited time offer by SBI (State Bank of India) for loan balance transfer. SBI was offering 9.55% per annum on the balance transferred. … When he was transferring this loan, Tiwari also got a counter offer from HDFC, to make the interest rate 9.6% per annum.

Which is better for home loan SBI or HDFC?

In any case, SBI is home loan low-interest bank. The lowest interest rate of SBI is lower than that of HDFC bank. SBI offers cheaper loan options….Which is a better bank for Home Loan – SBI or HDFC?CategorySBIHDFCAmount of LoanRs.5 L – Rs.10 CrUp to Rs 10 CrInterest Rate (Annual)6.95% – 7.50%6.95% – 8%1 more row•Aug 31, 2020

Can I have 2 HDFC accounts?

You can add up to 5 Bank accounts at one time. Currently, these five Bank accounts have to be from HDFC Bank, Citibank, ICICI Bank, HSBC India, Standard Chartered Bank. You can add or delete accounts as and when you choose to.

Is HDFC good for home loan?

HDFC offers lower Home Loan EMI at ₹ 659 on a Home Loan for 30 Years as compared to SBI with a minimum EMI of ₹ 662 for 30 Years. Average customer ratings for HDFC is currently at 4.5/5.0 which makes it a good choice for taking a Home Loan.

What is current HDFC home loan rate?

Adjustable Rate Home LoansLoan SlabHome Loan Interest Rates (% p.a.)For Others* (upto 30 Lakhs)7.00 to 7.50For Women* (30.01 Lakhs to 75 Lakhs)7.20 to 7.70For Others* (30.01 Lakhs to 75 Lakhs)7.25 to 7.75For Women* (75.01 Lakhs & Above)7.30 to 7.803 more rows

Which account is best in HDFC Bank?

Basic Savings Bank Deposit Account (BSBDA Account)A zero-balance savings account to meet the needs of the user.Free Rupay Debit card.Safe Deposit Lockers and Super Saver facilities.Free cash and cheque deposits at a wide network of branches and ATMs across the country.4 withdrawals free per month.More items…

Which home loan is best in SBI?

SBI Home Loan Interest Rates 2020SBI Home Loan SchemesInterest Rates for SalariedInterest Rates for Self EmployedSBI Smart Home Top Up Loan (Term Loan)8.50%8.55%SBI Smart Home Top Up Loan (Overdraft)8.55%9.05%Insta Home Top Up Loan8.20%8.20%SBI Earnest Money Deposit (EMD)10.45% onwards–7 more rows•Nov 6, 2020

Is HDFC zero balance account available?

Features of HDFC Bank’s Zero Balance Savings Account (BSBD): Customers can access the network of branches of the bank through this account. Key features of HDFC Bank BSBD account include zero balance and a free Rupay card, according to HDFC Bank on its website – hdfcbank.com.

Is HDFC Safe 2020?

So your bank Fixed Deposits (FDs) are safe. … And these are State Bank of India (SBI), HDFC Bank and ICICI Bank.

Is HDFC Bank a good buy?

Speaking on the immediate short-term time horizon on HDFC Bank share price; Rohit Singre, Senior Technical Research Analyst at LKP Securities said, “HDFC Bank has strong support at Rs 1,050 per stock levels and one can buy the HDFC Bank share at current levels for the target or Rs 1,150 in one month time horizon.”