In India loans are more rich people only. Strugglers, Middle Class, Job seekers are shown the door. How can we the young generation try to make it big in business with loans. No business can survive without working capital.
Re: Loan........
by bijal goswami on Jul 06, 2010 04:23 PM
I have paid my business loan in HDFC completely without any cheques returned. Yet i was refused another business loan because of poor banking. Loans are ment to be used in times of financial difficulty. Well this puts my business three years backward. Thanks to HDFC Bank for refusal.
Re: Re: Loan........
by commonsense on Jul 08, 2010 03:50 PM
Small SME borrowers should always bank with PSU banks; True they trouble you with their Babu ways. But, they stick to you to the end.
Even with SBI i am struggling to get a loan for my property which is 400 Km away from my work place. Do you know how long i am struggling? It is more than 15 months!!! Though the Manager at the bank who has recommended is doing his best but somebody at the Districh Head quarters is stopping it siting some filthy reasons. Even with clearing all his flimsy reasons there is no forward movement. I paid the SBI agent Rs 2000 and they have also completed their work in MArch.2010 I do not know where to approach for grievance addressing It all depends on individuals than as a bank for Outstation property loans
Re: SBI
by Koot Brother on Jul 02, 2010 04:52 PM
I got a loan from SBI, for a flat in visakhapatnam, while I was staying in Mumbai. I think it depends on the dealing officers, technically it is possible
Re: SBI
by subrata chatterjee on Jul 05, 2010 05:19 PM
Dear kannan approach to respective AGM of SBI, I am sure your job will be done. The top officials of SBI are very friendly and effective.
Re: SBI
by ajay thakur on Jul 02, 2010 04:45 PM
I have got my loan for a property in pune and i was working in bangalore that time. I got loan from citibank. And it was not pain.
Re: Why so
by commonsense on Jul 08, 2010 03:52 PM
This is not entirely true, if you provide IT returns for 3 years, and maintain a Balance sheet audited by a CA, I thik, that should not be a problem
Bnaks want buyers to pay 20% of the total amount before they agree to pay rest amount.Land mafia did not lower the rates as they are not affected by recession.They are happy turning their black money into white with the help of deaf and dumb state and central govts.We still do not have proper laws to defend ourselves from builders.hope people become aware and govt too wakes up.As people like me are not going to buy house till the time this mess is cleaned up.
Re: Land mafia have made Buying a House a......Distant dream
by bewakoof on Jul 02, 2010 01:39 PM
Unless you are living in a metro and approach some luxury builder such as DLF/Unitech/Tata etc, you cannot even pay in White if you want to. They accept only 50% or less as White. Almost all the builders have connections with Politicians and these politicans get some direct cut.
Re: Housing Loan ICICI
by Anil Raikwar on Jul 05, 2010 05:42 PM
I agree as most of the ICICI home loan customers. They are cheaters, I took a lona with 7.5% and within 2 years I was paying 12.5%, they offer low rate to lure customer, please please please go to any other bank but never wityh ICICI
Re: Re: Housing Loan ICICI
by kavuri shastry on Jul 07, 2010 09:23 AM
what you said is right, never icici, i had a very bad experience, but still people go ,
It was in 1981 when I constructed a house in SS Colony Madurai for which I got a loan of Rs.21000/- from HDFC (at that time there was one branch only for the whole state of Tamilnadu), they have not seen me but only the documents, I was asked to come, complete the doc formalities and get the loan payment in full.
This facinated me to direct my two sons to go to HDFC for their Home Loan requirements. They are happy with HDFC.
