Composite loan in IDBI bank!!!!!

[manju123]

Hi all,

I am planning to apply compoiste loan in IDBI bank. Myself and my brother are planning to take loan together for composite. ROA is 10.25% as of now for any amount. Let me know if any body has experience with IDBI bank.

Regards
Manju

[manju123]

Hi Friends,

With regards to above post, the reason we are going for IDBI because we heard that no other banks (except Axis) will provide loans for market value and brothers, they just give loan for registration amount which is based on SR value.

[PlotGuy]

With banks like IDBI, ICICI etc, it is easy to get loans sanctioned but they charge all kinds of fees later on. So know what you are getting into.

[rangavittala]

Better go for semi fixed/semi float option, fixed rate in floating rate plan(i.e., ex your loan tenure 15 yrs, some banks have option of fixed tenure 5 years then floating thereon), presently my old icici Home loan is converted to fixed rate revised every 2 years based market rate of interest.
floating rate for whole period is always loss to us and gain to bank.