No it is not enough that you sweet talk with the bank manager and all is done, all matters regarding your home loans approval, documents , all sorted out, you feel comfortable with him and trust him, .but alas in a few months this manager will have shifted jobs and you have a new one!
The basic fact about becoming a home loan borrower is that you have a relationship with the financial loan lending institution or the Bank. Do keep this in mind, it is not the individual person or the human resources manager.
Home loan reviews can be read and searched for thoroughly before you commit to any company or bank for you home loan.
|Home Loan-Simplified Facts|
1) Stability and history of the loan lending institution.
2) The experiences of people who are borrowers since past few years.
3) Do people recommend the bank and their procedures or are they bickering.
4) Are the bank authorities prompt to answer queries and revert back on problems faced by borrowers.
5) What experiences do people share in case of delayed payments and skipped EMIs, that is the recovery procedures of the bank.
6) what experiences do people share in case of prepayments or shifting/transfer of their home loans to another institution.
7) Finally do understand , the web is a vast world of information and different types of temperamental people. As also some comments may be manipulated, shelling a few amounts of money can get you a thousand likes or a few thousand negative comments!
Be open minded, not all may be true, so do visit the Bank and meet the office staff, follow your gut and then make the decision!
All the Best from Rizwana!
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