Hi,

I have booked a flat in an under construction property at KSR Cordelia, Hebbal, Bangalore and willing to apply for Home Loan.

The interest rate in SBI is 10.10% and HDFC 10.40% for loans above 30 lacs, but many people advised me that if I go for a home loan with SBI Bank for an Under Construction property then there will be a lot of issues in service. They said that as the disbursement will be construction linked thus for every disbursement, personally I will have to pick up the engineer/surveyor from SBI and take him to the construction site and then drop him back to his office, whereas in case of HDFC, the engineer/surveyor will go on his own.

I am inclined towards taking the loan from SBI but can anyone who has taken loan from SBI for an under construction property, share his experience and guide me.

Thanks,

Nishant Kashyap